Finwise Bancorp · NASDAQ:FINW
Finwise Bancorp — Investor Presentation (October 2025)
30 slides from Finwise Bancorp's investor presentation, Oct 29, 2025
Slide 1: Fintech Banking and Payments Solutions Investor Presentation
(7 FINWISE BAN dR Fintech Banking and Payments Solutions Investor Presentation October 2025
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: FinWise Overview
FinWise Overview Differentiated Business Model • Banking and payments solutions provider to fintechs • Resilient and profitable model with compelling growth opportunities • Compliance oversight and risk management-first culture • Lower risk loan portfolio with disciplined underwriting and collateral
Slide 4: Our Culture - Strong Compliance and Risk Management
Our Culture - Strong Compliance and Risk Management 4 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. 69 (or 36%) of our 194 FTEs at th
Slide 5: Equipment Leasing Programs and Product Balance Sheet Strategy
Equipment Leasing Programs Balance Sheet Strategy: • Originate for Investment • Originations through vendor finance, additional third-party originators, direct channels • Diversify balance sheet Fintech Banking & Payments Solutions (includes Strategic Program Lending) Balance Sheet Strategy: • Mostl
Slide 6: Review of Strategic Program Lending: Role of the Bank and Fintech
Review of Strategic Program Lending (SPL): Role of the Bank and Fintech 6 Loan Applications and Approvals Adhere to Credit Models Established by FinWise
Slide 7: Strategic Program Lending - Program Diversification Has Improved
Strategic Program Lending (SPL) - Program Diversification Has Improved Note: Strategic Program Lending concentration shown since 1Q22 to highlight longer-term pattern in recent years 7
Slide 8: Select Fintech Brands We Currently Support
8 Select Fintech Brands We Currently Support Note: Upstart, 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
Slide 9: Growth Strategy: Broader Fintech Banking & Payments Solutions Offering
Growth Strategy: Broader Fintech Banking & Payments Solutions Offering 1SBA 7(a) includes Guaranteed and Unguaranteed loans; Guaranteed loans are guaranteed by U.S Small Business Administration. Note: "Fintech Banking & Payments Solutions" is used to describe our target market within the banking as
Slide 10: Growth Strategy: Potential Long-term Benefits
Growth Strategy: Potential Long-term Benefits from Our Fintech Banking and Payments Solutions Offering Revenue Expand and diversify sources of revenue Deposits Diversify deposit composition and reduce cost of funds Credit Quality Increase Prime loan exposure Profitability Enhance profitability and o
Slide 11: New Products Offered Under One Platform
New Products Offered Under One Platform 1 Credit approval by FinWise is required 11 A Differentiator of Our Fintech Banking & Payments Solutions Offering
Slide 12: Revenue Streams by Product
12 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 (SPL) monthly fee • Contractual interest earned on loans maintained on our bal.
Slide 13: MoneyRails Overview and Map of Services
MoneyRailsTM Overview and Map of Services 13 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 14: 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 15: Intensive Due-Diligence Process and Compliance Assessment
Intensive Due-Diligence Process and Compliance Assessment Representative Fintech Onboarding - a Thorough Selection Process Including: 15
Slide 16: Disciplined Underwriting Process Mitigates Risk
Disciplined Underwriting Process Mitigates Risk... • Credit risk is 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 rate env
Slide 17: Diversified and Lower Risk Loan Portfolio
...and Leads to a Diversified and Lower Risk Loan Portfolio Key Quarterly Trends: • Combined SBA Guaranteed and Strategic Program Loans Held-for-Sale (HFS) increased to a total of 39.9% of the portfolio as of 3Q25 vs 46.0% as of 3Q24. ◦ Both products carry lower credit risk: SBA Guaranteed loans are
Slide 18: Deposit Composition
Deposit Composition 18 As of September 30, 2025, Total Period End Deposits: $682.3 Million Opportunity to enhance profitability by gradually diversifying deposit composition away from higher-cost CDs and reducing cost of funds
Slide 19: Consistent TBV Growth Has Been a Win for Shareholders
Consistent TBV Growth Has Been a Win for Shareholders Tangible Book Value Per Share (Non-GAAP)1 19 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. 2Bank Peers defined as: Oregon Bancorp, Inc., Quain
Slide 20: Industry Recognition as a Top-Performing Bank
Industry Recognition as a Top-Performing Bank 20 FinWise Bancorp ranked in top 3 on American Banker's annual list of Top-Performing Publicly Traded Banks with under $2 billion of assets (based on 3-year average ROAE ending 12/31/23) 2022 2023 2022 2023 20242024 Source: https://www.independentbanker.
Slide 21: Selected Financial Information
Selected Financial Information 21
Slide 22: Solid Originations and Significant Balance Sheet Growth
Solid Originations and Significant Balance Sheet Growth 22 1 HFI = Held for Investment. Note: Total Loan Originations are for the quarterly period. Other amounts are as of the end of each respective period Total Assets at end-of- period 3Q25 reached nearly $900M for the first time in the Company's h
Slide 23: Growing TBVps and Sustained Historical Profitability
Growing TBVps and Sustained Historical Profitability 23 1See Appendix for more information and Non-GAAP reconciliation. Tangible Book Value per Share (Non-GAAP) as of the end of each respective period. 2ROAE is negatively affected by high capital levels. Profitability partly impacted by infrastructu
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 While Investing for Growth
Disciplined Expense Management While Investing for Growth Increase in Total Non-interest Expense in prior years was been driven largely by business infrastructure spend, including headcount, to support organic growth and key strategic initiatives. Outlook Commentary: Remain focused on positive opera
Slide 26: Well Capitalized Above Regulatory Requirements
Well Capitalized Above Regulatory Requirements 26 Note: data as of the end of each respective period. Capital levels remain well above the well-capitalized regulatory requirement of 9%, pursuant to the Community Bank Leverage Ratio framework adopted by the Bank in 2020.
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
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