Finwise Bancorp Income Statement

Income Statement Dec2021 Dec2022 Dec2023 Dec2024
Revenue & Cost
Provisions 8.04M13.52M11.64M11.57M
Revenue 79.82M88.31M76.02M81.40M
Interest income
Interest income - Loans 49.13M50.94M58.45M68.89M
Interest Income - Debt Securities 4.42M4.88M6.54M8.65M
Other interest income 0.06M1.18M5.75M4.56M
Interest Income - Total 49.24M52.33M64.53M74.35M
Interest expenses
Interest Expense - Deposits 1.14M1.43M9.97M15.44M
Interest Expense - Others 0.00M
Interest Expenses 1.26M1.43M9.97M15.44M
Interest Income - Net 47.98M50.90M54.56M58.91M
Non-interest income
Interest Income - Total 39.94M37.38M42.92M47.34M
Service Charges 1.16M1.60M1.47M
Investment Banking Income 0.90M13.55M1.68M2.04M
Other Non-Interest Income 4.91M0.27M2.62M2.06M
Non-Interest Income 31.84M37.41M21.46M22.48M
Operating Items
Wages, Salaries and Other 21.74M24.49M25.75M35.20M
Rent Expense 0.88M2.20M3.31M4.24M
Other Operating Expenses 28.63M36.55M37.25M48.59M
Operating Expenses 29.51M38.76M40.56M52.84M
Operating Income 8.88M7.57M
EBIT 8.88M7.57M33.79M32.43M
Non-operating items
Other Non Operating Income 0.05M0.81M-0.60M-0.62M
Net income details
EBT 42.27M36.03M23.81M16.99M
Tax Provisions 10.69M10.92M6.35M4.25M
Profit After Tax 31.58M25.11M17.46M12.74M
Income from Continuing Operations 31.58M25.11M17.46M12.74M
Consolidated Net Income 31.58M25.11M17.46M12.74M
Income towards Parent Company 31.58M25.11M17.46M12.74M
Net Income towards Common Stockholders 31.58M25.11M17.46M12.74M
Additional items
EPS (Basic) 3.441.961.380.98
EPS (Weighted Average and Diluted) 3.271.871.330.93
Shares Outstanding (Weighted Average) 11.93M12.85M
Tax Rate 25.29%30.30%26.68%25.00%