FinWise Bancorp FY 2025 provision for credit losses jumps 233.3% to USD 39 million

Reuters03-23

FinWise Bancorp FY 2025 provision for credit losses jumps 233.3% to USD 39 million

FinWise published its annual report on Form 10-K for the year ended Dec. 31, 2025, reporting net income of USD 16.1 million.
Net interest income rose 22.5% to USD 72.2 million, while net interest margin fell 0.76 percentage points to 9.23%.
Provision for credit losses more than tripled to USD 38.6 million, driven primarily by growth in the credit enhancement loan portfolio and higher net charge-offs tied to more conservative servicing and administration standards.
Non-interest income more than doubled to USD 58.5 million, primarily due to higher credit enhancement income as credit enhanced loan balances increased by USD 107.2 million.
Total assets increased 31% to USD 977.1 million, and total deposits rose 38.5% to USD 754.6 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Finwise Bancorp published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001856365-26-000006), on March 23, 2026, and is solely responsible for the information contained therein.

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