Financial Performance - Net income for Q3 2024 was $3.5 million, an increase from $3.2 million in Q2 2024 but a decrease from $4.8 million in Q3 2023[12]. - Net interest income was $14.8 million for Q3 2024, compared to $14.6 million in Q2 2024 and $14.4 million in Q3 2023[4]. - The annualized return on average equity was 8.3% for Q3 2024, compared to 7.9% in Q2 2024 and 12.8% in Q3 2023[3]. - Total interest income for the three months ended September 30, 2024, was $18,924, an increase of 4% from $18,422 in the previous quarter and up 10% from $17,212 in the same quarter last year[36]. - Net interest income after provision for credit losses was $12,606, compared to $12,230 in the previous quarter and $11,341 in the same quarter last year, reflecting a year-over-year increase of 11%[36]. - Non-interest income totaled $6,054, up 17% from $5,166 in the previous quarter and up 24% from $4,892 in the same quarter last year[36]. - Net income for the three months ended September 30, 2024, was $3,454, an increase from $3,180 in the previous quarter but a decrease from $4,804 in the same quarter last year[36]. - Earnings per share (diluted) for the quarter was $0.25, compared to $0.24 in the previous quarter and $0.37 in the same quarter last year[36]. Loan and Asset Management - Loan originations increased to $1.4 billion in Q3 2024, up from $1.2 billion in Q2 2024 and $1.1 billion in Q3 2023[2]. - Total assets increased to $683.0 million as of September 30, 2024, from $617.8 million in Q2 2024 and $555.1 million in Q3 2023[13]. - Total gross loans held for investment as of September 30, 2024, were $434.0 million, an increase of 4.0% from $414.3 million as of June 30, 2024, and a 28.6% increase from $337.6 million as of September 30, 2023[15]. - Strategic Program loans held-for-sale rose to $84.000 million, a significant increase of 26.2% from $66.542 million as of June 30, 2024[35]. Nonperforming Loans and Credit Losses - Nonperforming loans totaled $30.6 million as of September 30, 2024, up from $27.9 million in Q2 2024 and $10.7 million in Q3 2023[2]. - Nonperforming loans were $30.6 million, or 7.1% of total loans held for investment, as of September 30, 2024, compared to 6.5% as of June 30, 2024, and 3.2% as of September 30, 2023[20]. - The provision for credit losses was $2.2 million for Q3 2024, down from $2.4 million in Q2 2024 and $3.1 million in Q3 2023[7]. - Net charge-offs for the three months ended September 30, 2024, were $2.4 million, compared to $1.9 million for the prior quarter and $2.2 million for the same period last year[21]. - The allowance for credit losses to total loans held for investment was 2.9% as of September 30, 2024, down from 3.2% as of June 30, 2024, and 3.8% as of September 30, 2023[20]. Deposits and Equity - Total period-end deposits increased to $488.7 million as of September 30, 2024, from $429.2 million as of June 30, 2024[16]. - The company reported an increase in noninterest-bearing demand deposits and interest-bearing demand deposits, contributing to the growth in total deposits[16]. - As of September 30, 2024, 35.4% of deposits were uninsured, up from 31.3% as of June 30, 2024[16]. - Total shareholders' equity increased by $4.6 million to $170.4 million from $165.8 million at June 30, 2024, and by $20.0 million from $150.4 million at September 30, 2023[17]. - Shareholders' equity totaled $170.370 million, up from $165.796 million as of June 30, 2024, indicating a growth of approximately 3.4%[35]. Efficiency and Expenses - The efficiency ratio was 67.5% for Q3 2024, compared to 66.3% in Q2 2024 and 50.4% in Q3 2023[10]. - Total non-interest expense increased to $14,049, compared to $13,218 in the previous quarter and $9,733 in the same quarter last year, indicating a year-over-year increase of 44%[39]. - The efficiency ratio for the three months ended September 30, 2024, was 67.5%, slightly up from 66.8% in the previous quarter and significantly higher than 50.4% in the same quarter last year[39]. Future Strategies - The company plans to expand its business model by launching Payments Hub and BIN Sponsorship offerings in 2024[27]. - FinWise is focused on maintaining compliance oversight and risk management to support fintech brands effectively[27]. - The company is well-positioned to guide fintechs through regulatory compliance processes, enhancing its service offerings[27]. - Future growth strategies include the potential launch of new products and services, as well as market expansion initiatives[30]. Tax and Regulatory - The effective tax rate was 25.1% for Q3 2024, compared to 23.9% in Q2 2024 and 26.1% in Q3 2023[11]. - The leverage ratio as of September 30, 2024, was 20.3%, a decrease from 20.8% as of June 30, 2024, and 22.1% as of September 30, 2023[18].

Core Viewpoint - The sustainability of a trend is crucial for successful short-term investing, and confirming fundamental factors is essential to maintain momentum in stocks [1][2]. Group 1: Trend Analysis - Timing entries into a trend significantly impacts investment success, as trends can reverse unexpectedly, leading to potential losses [1][2]. - A predefined screening strategy, "Recent Price Strength," helps identify stocks with strong fundamentals that can sustain their upward trends [3]. Group 2: Company Spotlight - FinWise Bancorp (FINW) - FinWise Bancorp has shown a solid price increase of 35.2% over the past 12 weeks, indicating strong investor interest [4]. - The stock has also increased by 10.9% in the last four weeks, suggesting that the upward trend is still intact [5]. - Currently, FINW is trading at 89.5% of its 52-week high-low range, indicating a potential breakout [5]. Group 3: Fundamental Strength - FINW holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [6]. - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term performance [7]. - The Zacks Rank system has a proven track record, with Rank 1 stocks averaging a +25% annual return since 1988 [7]. Group 4: Additional Opportunities - Besides FINW, there are other stocks that meet the criteria of the "Recent Price Strength" screen, providing additional investment opportunities [8]. - Investors can explore over 45 Zacks Premium Screens tailored to different investing styles to identify potential winning stocks [8].

Group 1 - FinWise Bancorp (FINW) shares increased by 5.5% to $15.60, with a notable trading volume, and have gained 12.6% over the past four weeks [1][2] - The stock reached a new 52-week high of $15.74, driven by positive investor sentiment following a 50 basis points interest rate cut by the Federal Reserve, which is expected to improve loan demand and alleviate funding cost pressures [2] - The company is projected to report quarterly earnings of $0.20 per share, reflecting a year-over-year decline of 46%, while revenues are expected to be $20.54 million, an increase of 4.6% from the previous year [3] Group 2 - The consensus EPS estimate for FinWise Bancorp has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [4] - FinWise Bancorp holds a Zacks Rank of 1 (Strong Buy), suggesting strong market confidence in the stock's potential [4] - The company is part of the Zacks Banks - Southwest industry, where another stock, First Financial Bankshares (FFIN), has shown a slight increase of 1% to $37.01, with a 0.2% return over the past month [4]

Core Viewpoint - FinWise Bancorp (FINW) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system tracks the Zacks Consensus Estimate, which reflects EPS estimates from sell-side analysts for the current and following years, highlighting the importance of earnings revisions in stock price movements [1][4]. - A strong correlation exists between changes in earnings estimates and near-term stock price movements, with institutional investors using these estimates to determine fair value [4][6]. Recent Developments for FinWise Bancorp - For the fiscal year ending December 2024, FinWise Bancorp is expected to earn $0.91 per share, reflecting a -31.6% change from the previous year, but analysts have raised their estimates by 12.4% over the past three months [8]. - The upgrade to Zacks Rank 1 places FinWise Bancorp in the top 5% of Zacks-covered stocks, suggesting potential for higher stock prices in the near term [10]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7][9]. - The system maintains a balanced distribution of 'buy' and 'sell' ratings, ensuring that only the top 20% of stocks are considered for strong buy recommendations, indicating superior earnings estimate revisions [9][10].

Core Viewpoint - The article emphasizes the importance of identifying and maintaining stock price trends for successful short-term investing, highlighting the use of a specific screening strategy to find stocks with strong fundamentals and positive momentum [1][2]. Group 1: Stock Performance - FinWise Bancorp (FINW) has shown a significant price increase of 42.5% over the past 12 weeks, indicating strong investor interest [4]. - The stock has also increased by 14.4% in the last four weeks, suggesting that the upward trend is still intact [5]. - Currently, FINW is trading at 95.1% of its 52-week high-low range, indicating a potential breakout [5]. Group 2: Fundamental Strength - FINW holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [6]. - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [7]. Group 3: Investment Strategy - The "Recent Price Strength" screen is a useful tool for identifying stocks like FINW that have the fundamental strength to maintain their recent uptrend [3]. - The article suggests that there are several other stocks that also meet the criteria of the screening strategy, providing additional investment opportunities [8].

Core Viewpoint - FinWise Bancorp has shown mixed performance in its recent earnings report, with a notable earnings surprise but a revenue miss compared to consensus estimates [1][2][4]. Financial Performance - The company reported quarterly earnings of $0.24 per share, exceeding the Zacks Consensus Estimate of $0.17 per share, but down from $0.35 per share a year ago [4]. - Revenues for the quarter ended June 2024 were $19.45 million, slightly missing the Zacks Consensus Estimate by 0.19%, and up from $18.96 million in the same quarter last year [2]. - Over the last four quarters, FinWise Bancorp has surpassed consensus EPS estimates four times [5]. Stock Performance - FinWise Bancorp shares have declined approximately 17% since the beginning of the year, contrasting with the S&P 500's gain of 13.8% [3]. - The stock currently holds a Zacks Rank 5 (Strong Sell), indicating expectations of underperformance in the near future [9]. Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.18 on revenues of $19.98 million, and for the current fiscal year, it is $0.81 on revenues of $79.63 million [10]. - The trend for earnings estimate revisions ahead of the earnings release was unfavorable, which may impact future stock performance [9]. Industry Context - The Banks - Southwest industry, to which FinWise Bancorp belongs, is currently ranked in the top 42% of over 250 Zacks industries, suggesting a relatively strong position within the sector [11].

Exhibit 99.1 MURRAY, UTAH — July 25, 2024 (GLOBE NEWSWIRE) — FinWise Bancorp (NASDAQ: FINW) ("FinWise" or the "Company"), parent company of FinWise Bank (the "Bank"), today announced results for the quarter ended June 30, 2024. • Loan originations were $1.2 billion, compared to $1.1 billion for the quarter ended March 31, 2024, and $1.2 billion for the second quarter of the prior year • Net interest income was $14.6 million, compared to $14.0 million for the quarter ended March 31, 2024, and $13.7 million f ...

Core Insights - FinWise Bancorp has expanded its Board of Directors by appointing Susan Ehrlich, effective immediately [1] - Ms. Ehrlich has over 25 years of experience in lending, banking, and payments, with a strong background in fintech and financial services [2] - The company is focusing on innovation in the fintech banking and payments industry, aiming to drive growth and create shareholder value [3] Company Overview - FinWise provides banking and payments solutions to fintech brands and is diversifying its business model in 2024 by launching Payments Hub and BIN Sponsorship offerings [4] - The company operates a Strategic Program Lending business through scalable API-driven infrastructure, supporting deposit, lending, and payments programs for leading fintech brands [5] - FinWise emphasizes compliance oversight and risk management to assist fintechs in navigating regulatory requirements [6]

Core Insights - FinWise Bancorp has been ranked 2 on American Banker's list of the 100 top-performing publicly traded banks with under $2 billion in assets as of June 9, 2024, highlighting its strong performance in the banking sector [6] - The company achieved a three-year return on average equity (ROAE) of 27% as of December 31, 2023, significantly surpassing the peer median of 10.91% [3] - 2024 is identified as a key expansion year for FinWise, with plans to diversify its business model by launching Payments Hub and BIN Sponsorship offerings [7] Company Overview - FinWise Bancorp is the parent company of FinWise Bank, providing comprehensive banking and payments solutions to fintech brands [6][7] - The company emphasizes a compliance oversight and risk management-first culture, positioning itself to guide fintechs through regulatory compliance processes [2] Business Operations - FinWise's Strategic Program Lending business utilizes scalable API-driven infrastructure to support deposit, lending, and payments programs for leading fintech brands [4] - The company also manages various lending programs, including SBA 7(a), Owner Occupied Real Estate, and Leasing, which contribute to disciplined balance sheet growth [9]

MURRAY, Utah, May 16, 2024 (GLOBE NEWSWIRE) -- FinWise Bancorp (NASDAQ:FINW) ("FinWise" or the "Company"), parent company of FinWise Bank (the "Bank"), today announced the launch of a new strategic lending program with Plannery, Inc. ("Plannery"). Plannery, based in San Mateo, CA and New York, NY, is a cutting-edge financial wellness platform that hospital systems can offer their employees to become and stay debt free. The FinWise loan product, in partnership with Plannery, allows hospital systems to offer ...