Finwise Bancorp
For the period ended Sep 30, 2024. Filed Nov 12, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 12, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statement of Changes in Shareholders’ Equity
Consolidated Statements of Changes in Shareholders’ Equity (Unaudited)
(in thousands, except share amounts)
Three Months Ended September 30, 2024
| Common Stock | ||||||
|---|---|---|---|---|---|---|
| Shares | Amount | AdditionalPaid-InCapital | RetainedEarnings | Accumulated Other Comprehensive Income, Net of Tax | TotalShareholders’Equity | |
| Balance at June 30, 2024 | 13,143,560 | $13 | $55,441 | $110,342 | $— | $165,796 |
| Stock-based compensation expense | 64,600 | — | 766 | — | — | 766 |
| Common stock repurchased and retired | — | — | — | 5 | — | 5 |
| Stock options exercised, net | 3,000 | — | 7 | — | — | 7 |
| Other comprehensive income | — | — | — | — | 342 | 342 |
| Net income | — | — | — | 3,454 | — | 3,454 |
| Balance at September 30, 2024 | 13,211,160 | $13 | $56,214 | $113,801 | $342 | $170,370 |
Nine Months Ended September 30, 2024
| Common Stock | ||||||
|---|---|---|---|---|---|---|
| Shares | Amount | AdditionalPaid-InCapital | RetainedEarnings | Accumulated Other Comprehensive Income, Net of Tax | TotalShareholders’Equity | |
| Balance at December 31, 2023 | 12,493,565 | $12 | $51,200 | $103,844 | $— | $155,056 |
| Stock-based compensation expense | 393,910 | — | 1,335 | — | — | 1,335 |
| Stock options exercised, net | 29,117 | — | 24 | — | — | 24 |
| Common stock repurchased and retired | (44,608) | — | (469) | 8 | — | (461) |
| BFG ownership purchase | 339,176 | 1 | 4,124 | — | — | 4,125 |
| Other comprehensive income | — | — | — | — | 342 | 342 |
| Net income | — | — | — | 9,949 | — | 9,949 |
| Balance at September 30, 2024 | 13,211,160 | $13 | $56,214 | $113,801 | $342 | $170,370 |
Consolidated Statements of Changes in Shareholders’ Equity (Unaudited) (continued)
(in thousands, except share amounts)
Three Months Ended September 30, 2023
| Common Stock | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount · AdditionalPaid-InCapital · RetainedEarnings · TotalShareholders’Equity | |||||||||
| Balance at June 30, 2023 | 12,723,703 | $13 | $52,625 | $94,810 | $147,448 | ||||
| Stock-based compensation expense | — | — | 499 | — | 499 | ||||
| Common stock repurchased and retired | (230,978) | (1) | (2,425) | 73 | (2,353) | ||||
| Stock options exercised, net | 840 | — | 4 | — | 4 | ||||
| Net income | — | — | — | 4,804 | 4,804 | ||||
| Balance at September 30, 2023 | 12,493,565 | $12 | $50,703 | $99,687 | $150,402 | ||||
Nine Months Ended September 30, 2023
| Common Stock | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount · AdditionalPaid-InCapital · RetainedEarnings · TotalShareholders’Equity | |||||||||
| Balance at December 31, 2022 | 12,831,345 | $13 | $54,614 | $85,832 | $140,459 | ||||
| Adjustment for adoption of ASC 2016-13, net of tax | — | — | — | (212) | (212) | ||||
| Stock-based compensation expense | 168,821 | — | 1,549 | — | 1,549 | ||||
| Common stock repurchased and retired | (524,241) | (1) | (5,504) | 764 | (4,741) | ||||
| Stock options exercised, net | 17,640 | — | 44 | — | 44 | ||||
| Net income | — | — | — | 13,303 | 13,303 | ||||
| Balance at September 30, 2023 | 12,493,565 | $12 | $50,703 | $99,687 | $150,402 | ||||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.