FinWise Bancorp Ranked #2 in American Banker's Annual List of Top-Performing Publicly Traded Banks With Under $2 Billion of Assets

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]