FinWise Bancorp Announces Increase in Share Repurchase Program
Key Highlights
- ➤FinWise adds 600,000 shares, or approximately 4.4% of outstanding stock, to repurchase authorization
- ➤FinWise repurchased 270,000 shares for $3.7 million since program inception
- ➤Bank Leverage Ratio reached 18.1%, more than double the well-capitalized threshold
- ➤Repurchase authorization expires May 31, 2028
Expert Statements
Jim Noone, CEO of FinWise Bancorp
“The Board’s authorization of additional shares for our share repurchase program reflects our strong capital position and confidence in the long-term trajectory of the business”
Jim Noone, CEO of FinWise Bancorp
“We ended the third quarter with a Bank Leverage Ratio of 18.1%, more than double the well-capitalized threshold, and tangible book value of $15.14 per share.”
MURRAY, Utah, Nov. 12, 2026 (GLOBE NEWSWIRE) -- FinWise Bancorp (NASDAQ: FINW) (“FinWise” or the “Company”), parent company of FinWise Bank (the “Bank”), today announced that its Board of Directors has authorized an additional 600,000 shares of the Company’s common stock that may be repurchased pursuant to its repurchase program. The program was originally approved by the Board on May 19, 2026, to purchase up to 685,000 shares, or approximately 5% of issued and outstanding shares. As of November 11, 2026, approximately 415,000 shares remained available under the existing authorization. Since the program’s inception, the Company has repurchased 270,000 shares of the Company’s common stock for an aggregate purchase price of $3.7 million. The 600,000 additional shares authorized for the program represent approximately 4.4% of the Company’s outstanding shares of common stock. The repurchases will be made at the Company’s discretion with an expiration of May 31, 2028.
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