Finwise Bancorp · NASDAQ:FINW
Finwise Bancorp — Q3 2026 Earnings Presentation
30 slides from Finwise Bancorp's earnings presentation, Oct 28, 2026
Slide 1: Fintech Banking and Payments Solutions Investor Presentation Third Quarter 2026
(7 FINWISE BANCORP Card activated Fintech Banking and Payments Solutions Investor Presentation Third Quarter 2026 Instant payout
Slide 2: Disclaimers - Safe Harbor Statement
2 Disclaimers "Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995 This presentation may contain forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements refle
Slide 3: Third Quarter 2026 Highlights
Third Quarter 2026 Highlights 3 *FinWise Bancorp began trading under the symbol "FINW" on the NASDAQ exchange on 11/19/21.Pro forma tangible book value per share immediately after the IPO offering was $7.79, disclosed in the IPO registration/prospectus.
Slide 4: Quarterly Results
Quarterly Results 4 1 Credit Enhanced Lending program fully launched mid-2025. Provision for credit losses has increased due to higher Credit Enhanced balances. For credit enhanced loans, fintech partners are required to maintain a deposit account at FinWise, which is used to recover charge-offs. Th
Slide 5: FinWise Overview - Broad and Diversified Product Offering
FinWise Overview - Broad and Diversified Product Offering 5 2.1%2.1% 3.6% 0.6% 44.6%
Slide 6: US BaaS: A Large and Growing Market
US BaaS: A Large and Growing Market 6 FinWise participates in all three US embedded-finance revenue pools as a sponsor bank 1US embedded-finance net revenue to platforms and enablers (incl. sponsor banks). Bain 'Lending' = BNPL, point-of-sale and B2B lending; excludes the broader UPL market below. 2
Slide 7: A Proven Growth Story
A Proven Growth Story 7 Note: Bank-level regulatory data used for Total Assets from 2010 - 2017 and is publicly available per FinWise Bank call reports (https://cdr.ffiec.gov/public/ManageFacsimiles.aspx) and through S&P Global Market Intelligence. *Data shown on an annual basis; more recent quarter
Slide 8: Our Culture - Strong Compliance and Risk Management
Our Culture - Strong Compliance and Risk Management 8 Consistent Investment in Personnel & Infrastructure Provides Regulatory Oversight Support to Fintechs Note: FTEs shown as of the end of each respective quarter; does not include FTEs in Governance and Operations. 68 (or 33%) of our 209 FTEs at th
Slide 9: Strategic Program Lending Overview: Roles of the Bank and Fintech
Strategic Program Lending Overview: Roles of the Bank and Fintech 9 Fintechs Establish Reserve Deposit Accounts to Guaranty Settlement and Loan Applications and Approvals Adhere to Credit Models Established by FinWise
Slide 10: Strategic Program Lending - Program Diversification Has Improved
Strategic Program Lending - Program Diversification Has Improved Note: Strategic Program Lending concentration shown since 1Q22 to highlight longer-term pattern in recent years 10
Slide 11: Select Fintech Brands We Currently Support
11 Select Fintech Brands We Currently Support Note: Elevate, Reach and FUTR PAYMENTS (formerly Hank Payments) are not on MoneyRailsTM, but FinWise does handle Payment Processing for them. Growth Opportunity With Existing Fintechs And As New Programs Are Onboarded Program Launch Dates: -Credit Enhanc
Slide 12: Fintech Sales Pipeline
12 Fintech Sales Pipeline Attractive Revenue Potential1 1Pipeline reflects prospective partner opportunities at various stages of discussion and is not a guarantee of future business. There can be no assurance that any or all of these opportunities will result in signed agreements or generate revenu
Slide 13: Credit Enhanced Lending - A Lower Risk Product
Credit Enhanced Lending - A Lower Risk Product 1The fintech partner refers the borrower through joint marketing efforts, and FinWise originates the loan. 13
Slide 14: Credit Enhanced Lending: Partner Risk Management
Credit Enhanced Lending: Partner Risk Management Note: Under Credit Enhanced Lending, the fintech partner contractually agrees to cover credit losses on referred loans and maintains a cash reserve deposit account at FinWise, which FinWise can access to recover charge-offs. See Glossary 14 Partners m
Slide 15: MoneyRails Overview and Map of Services
MoneyRailsTM Overview and Map of Services 15 MoneyRailsTM is an Award Winning, Proprietary, Centralized, Secure Platform and Ledger that Facilitates Money Movement • Highly secured platform built on ZeroTrust architecture, and based on an immutable ledger of transactions • The Ledger provides a stro
Slide 16: Revenue Streams by Product: Interest Income and Fees
16 Interest Income • Monthly fee driven by originated loan volume • On loans held for a few days before sold and on extended held for sale loans • On loans held for investment • Incorporated in Strategic Program Lending monthly fee • Contractual interest earned on loans maintained on our bal. sheet
Slide 17: Components of Model Enable Scaling and Regulatory Oversight
Components of Model Enable Scaling and Regulatory Oversight Our Technology:Product: Enterprise Data Warehouse -Proprietary and rigorous regulatory process -FinWise controls the data internally Lending programs, including closed and open-ended consumer and commercial • Verify borrower information • V
Slide 18: Intensive Due-Diligence Process and Compliance Assessment
Intensive Due-Diligence Process and Compliance Assessment Representative Fintech Onboarding - a Thorough Selection Process Including: 18
Slide 19: Disciplined Underwriting Process Mitigates Risk
Disciplined Underwriting Process Mitigates Risk... • Credit risk is actively managed through combination of policy, data and pricing • Disciplined underwriting process and well collateralized portfolio has helped mitigate net charge-offs, even as credit quality normalized due to an elevated interest
Slide 20: Diversified and Lower Risk Loan Portfolio
...and Leads to a Diversified and Lower Risk Loan Portfolio Key Quarterly Trends: • Combined SBA Guaranteed, Strategic Program Loans Held-for-Sale (HFS) and Strategic Programs (HFI) with Credit Enhancement comprised a total of 45% of the portfolio as of 3Q26. ◦ These products carry lower credit risk
Slide 21: Deposit Composition
Deposit Composition 21 Total Period End Deposits: $707.6 Million (as of September 30, 2026) Opportunity to enhance profitability by gradually diversifying deposit composition away from higher-cost CDs and reducing cost of funds Note: Deposits declined Q/Q as excess funds were not required to support
Slide 22: Selected Financial Information
Selected Financial Information 22
Slide 23: Consistent TBV Growth Ahead of Peers
Consistent TBV Growth Ahead of Peers Tangible Book Value (TBV) Per Share (Non-GAAP)1 23 1See Appendix at end of presentation for full description of metric and Non-GAAP reconciliation. Amounts are as of the end of each respective period. Indexed percentage change is calculated based on total TBV, no
Slide 24: Diversified Income Sources
Diversified Income Sources 24 1For accounting purposes, Credit Enhancement Income is fully offset by a corresponding credit loss provision related to credit enhanced balances, thus not having a net effect on the Company's net income. 2All Other Non-interest Income includes all other non-interest inc
Slide 25: Disciplined Expense Management
Disciplined Expense Management (adjusting for Credit Enhancement Expense) Increase in total non-interest expense mostly due to increases in Credit Enhancement Servicing and Guarantee Expense resulting from growth in credit enhanced loans. Salaries & employee benefit expenses remain relatively well m
Slide 26: Well Capitalized Above Regulatory Requirements
Well Capitalized Above Regulatory Requirements 26 Note: data as of the end of each respective period. 1On April 23, 2026, the Federal Reserve, FDIC, and OCC jointly adopted a final rule lowering the CBLR requirement from 9% to 8%, effective July 1, 2026. Capital levels remain well above the recently
Slide 27: Appendix
\7 FINWISE Appendix
Slide 28: Non-GAAP Reconciliations
Non-GAAP Reconciliations 28 (1) Tangible shareholders’ equity: This measure is not a measure recognized under GAAP and is therefore considered to be a non-GAAP financial measure. Tangible shareholders’ equity is defined as total shareholders’ equity less goodwill and other intangible assets. The mos
Slide 29: Non-GAAP Reconciliations (continued)
Non-GAAP Reconciliations (continued) 29 (3) Adjusted Efficiency Ratio: This measure is not a measure recognized under United States generally accepted accounting principles, or GAAP, and is therefore considered to be a non-GAAP financial measure. The adjusted efficiency ratio is defined as total non
Slide 30: Glossary of Terms Used
Glossary of Terms Used 30 ACH (The Automated Clearing House). Electronic funds-transfer system that facilitates payments in the U.S. and internationally. The ACH is run by Nacha. API (Application Programming Interface). Set of defined rules that enable different applications to communicate with each