Finwise Bancorp · NASDAQ:FINW
Finwise Bancorp — Investor Presentation (April 2026)
33 slides from Finwise Bancorp's investor presentation, April 2026
Slide 1: Fintech Banking and Payments Solutions Investor Presentation April 2026
\7 FINWISE BANCORP Fintech Banking and Payments Solutions Investor Presentation April 2026
Slide 2: Disclaimers
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 reflect
Slide 3: First Quarter 2026 Highlights
First Quarter 2026 Highlights 3 1 The difference between the credit enhancement loan balance reported in the Q4 2025 earnings release ($117.9 million) and the Form 10-K ($108.1 million) as of December 31, 2025, reflects $9.8 million in checks received but not yet processed by a fourth-party vendor.
Slide 4: Quarterly Results
Quarterly Results As of and for the Three Months Ended 3/31/2026 12/31/2025 3/31/2025 Income Statement Data ($ in thousands) Net interest income $ 28,090 $ 24,568 $ 14,280 Total non-interest income 14,627 22,282 7,810 Total operating revenue 42,717 46,850 22,090 Provision for credit losses (Core Por
Slide 5: FinWise Overview
FinWise Overview Differentiated Business Model Key Products • Resilient and profitable model with compelling • Banking and Payments Solutions for Fintechs: growth opportunities • Strategic Program Lending. Through our scalable • Compliance oversight and risk management culture API-driven infrastruct
Slide 6: A Proven Growth Story
A Proven Growth Story 6 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 7: Our Culture - Strong Compliance and Risk Management
Our Culture - Strong Compliance and Risk Management Consistent Investment in Personnel & Infrastructure Provides Regulatory Oversight Support to Fintechs 73 (or 35%) of our 210 FTEs at the end of 1Q26 are in IT, Compliance, Risk Mgmt., and BSA functions 7 Note: FTEs shown as of the end of each respe
Slide 8: Revenue Contribution by Product (ex-Payments & BIN)
Revenue Contribution by Product (ex-Payments & BIN) Differentiated and Proven Strategy Offers Solid Foundation for Future Growth TRADITIONAL LENDING PRODUCTS Fintech Banking & Payments Solutions Residential & Owner Equipment Leasing SBA 7(a) Programs (includes Strategic Program and Occupied CRE Cred
Slide 9: Strategic Program Lending Overview: Roles of the Bank and Fintech
Strategic Program Lending Overview: Roles of the Bank and Fintech Loan Applications and Approvals Adhere to Credit Models Established by FinWise 9
Slide 10: Strategic Program Lending - Program Diversification Has Improved
Strategic Program Lending - Program Diversification Has Improved 10 Note: Strategic Program Lending concentration shown since 1Q22 to highlight longer-term pattern in recent years
Slide 11: Select Fintech Brands We Currently Support
Select Fintech Brands We Currently Support Growth Opportunity With Existing Fintechs And As New Programs Are Onboarded Program Launch Timeline Strategic Program Lending • Launched: 2016 Credit Enhanced Lending • Launched: mid-2025 (full launch) Payments (MoneyRails) • Launched: mid-2025 BIN Sponsors
Slide 12: Growth Strategy: A Broader Fintech Solutions Offering
Growth Strategy: A Broader Fintech Solutions Offering Strategic Program Strategic Program Lending (SPL) + Credit Lending (SPL) Enhancement Equipment Financing Equipment Financing Payments (MoneyRails™) SBA 7(a)1 BIN Sponsorship SBA 7(a)1 1 12 SBA 7(a) includes Guaranteed and Unguaranteed loans; Guar
Slide 13: Growth Strategy: Potential Long-term Benefits from Broader Fintech Solutions Offering
Growth Strategy: Potential Long-term Benefits from Broader Fintech Solutions Offering Revenue Deposits Credit Quality Profitability Expand and diversify Diversify deposit Increase Prime loan Enhance profitability sources of revenue composition and exposure and oper. leverage via reduce cost of funds
Slide 14: Credit Enhanced Lending - A Lower Risk Product
Credit Enhanced Lending - A Lower Risk Product 1 14 The fintech partner refers the borrower through joint marketing efforts, and FinWise originates the loan. 2 The difference between the credit enhancement loan balance reported in the Q4 2025 earnings release ($117.9 million) and the Form 10-K ($108
Slide 15: MoneyRails Overview and Map of Services
MoneyRails Overview and Map of Services TM 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 strong
Slide 16: A Deeper Dive Into Our Diversified Revenue Model
A Deeper Dive Into Our Diversified Revenue Model Type of Revenue Generated by Product Fee Income Net Interest Interest Income (NII) Income • On loans held for a few days before sold and on Strategic Program Lending to • Monthly fee driven by originated loan volume extended held for sale loans Fintec
Slide 17: Components of Model Enable Scaling and Regulatory Oversight
Components of Model Enable Scaling and Regulatory Oversight Product: Our Technology: 1) Strategic Program Lending Credit Engine Lending programs, including closed • Verify borrower information and open-ended consumer and API • Validate loans to models and commercial underwriting criteria, and origin
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 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 20: ...and Leads to a 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 47% of the portfolio as of 1Q26. ◦ These products carry lower credit risk
Slide 21: Deposit Composition
Deposit Composition Total Period End Deposits: $674.9 Million (as of March 31, 2026) Opportunity to enhance profitability by gradually diversifying deposit composition away from higher-cost CDs and reducing cost of funds 21 Note: Deposits declined Q/Q as excess funds were not required to support a l
Slide 22: Industry Recognition as a Top-Performing Bank
Industry Recognition as a Top-Performing Bank FinWise Bancorp ranked #1 in its respective FinWise Bancorp ranked in top 3 on American FinWise Bank was ranked as one of the 50 class (for the 3rd year in a row) for Best Banker's annual list of Top-Performing Publicly fastest growing companies in Utah
Slide 23: Selected Financial Information
Selected Financial Information 23
Slide 24: Consistent TBV Growth Ahead of Peers Has Delivered Strong Shareholder Value
Consistent TBV Growth Ahead of Peers Has Delivered Strong Shareholder Value Indexed Change in Total TBV Since the End of Q4211 Tangible Book Value Per Share (Non-GAAP) 1 vs Select Bank2 and Fintech Peers3 1 See Appendix at end of presentation for full description of metric and Non-GAAP reconciliatio
Slide 25: Solid Originations and Significant Balance Sheet Growth
Solid Originations and Significant Balance Sheet Growth 1 25 Originations will reflect seasonality from our largest student lending partner during peak student borrowing months. 2HFI = Held for Investment. Y/Y percentages reflect rounding. 3Q/Q decline in Total Assets was primarily due to decreases
Slide 26: Growing TBVps and Sustained Historical Profitability
Growing TBVps and Sustained Historical Profitability 1Q26 Net Income impacted by lower gain-on-sale, reflecting elevated levels in the prior quarter following the reopening of the government shutdown, as well as an increase in net-charge-offs. ROAE partly impacted by intentionally maintained high ca
Slide 27: Diversified Income Sources
Diversified Income Sources Net Interest Income and Net Interest Margin (NIM) are impacted by lending activities including growth in the Credit Enhanced portfolio 1 27 For accounting purposes, Credit Enhancement Income is fully offset by a corresponding credit loss provision related to credit enhance
Slide 28: Disciplined Expense Management (adjusting for Credit Enhancement Expense)
Disciplined Expense Management (adjusting for Credit Enhancement Expense) Increase in total non-interest expense in 1Q26 and 4Q25 mostly due to increases in Credit Enhancement Servicing and Guarantee Expense resulting from growth in credit enhanced loans. Outlook Commentary: Remain focused on positi
Slide 29: Well Capitalized Above Regulatory Requirements
Well Capitalized Above Regulatory Requirements Capital levels remain well above the recently lowered well-capitalized regulatory requirement of 8%1, pursuant to the Community Bank Leverage Ratio (CBLR) framework adopted by the Bank in 2020. 29 Note: data as of the end of each respective period. 1On
Slide 30: Appendix
\7 FINWISE BANCORP Appendix
Slide 31: Non-GAAP Reconciliations
Non-GAAP Reconciliations Tangible Shareholders' Equity and Tangible Book Value Per Share As of ($ in thousands, except per share amounts) March 31, 2026 December 31, 2025 March 31, 2025 Total shareholders' equity $ 196,607 $ 193,195 $ 177,361 Goodwill — — — Other intangibles — — — Less: total intang
Slide 32: Non-GAAP Reconciliations (continued)
Non-GAAP Reconciliations (continued) Adjusted Efficiency Ratio For the Three Month Period Ending ($ in thousands) March 31, 2026 December 31, 2025 March 31, 2025 Non-interest expense (GAAP) $ 28,338 $ 23,651 $ 14,318 Less: credit enhancement program expenses 12,526 7,685 13 Adjusted non-interest exp
Slide 33: Glossary of Terms Used
Glossary of Terms Used 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 ot