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Finwise Bank

Murray, UT · Cert 35323 · Finwise Bcorp

State charter, non-member · FDIC · 2 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets operating in a single state3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks under $1B in assets operating in a single state (n=743 to 746). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

81

Q2 2024Q2 2026peer median (50)

Asset Quality

1

Q2 2024Q2 2026peer median (50)

Profitability

69

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

72

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Finwise Bank

Murray, UT · Cert 35323 · Finwise Bcorp

State charter, non-member · FDIC · 2 branches

Q2 2026

$915.5MAssets
$737.2MLoans
$723.0MDeposits
$164.1MEquity
Loan mix
52%RE $333.4M8%C&I $51.7M40%Consumer $257.9MQ2 2025Q2 2026
Deposit mix
81%Interest-bearing $585.0M19%Noninterest $138.0MQ2 2025Q2 2026

NIM

11.82%Q2 ’249.52%Q2 ’2515.18%Q2 ’26-23%+77%

Non-interest income vs. expense

7.01%Q2 ’246.65%Q2 ’2512.44%Q2 ’26-30%+31%

Market Position · Salt Lake City-Murray, UT · 2026 SOD (annual) · 0.1% share · #23 of 57 inst. · $0.7B of $1175.7B

Executive Summary

  • Earnings: ROA of 1.42%, down 60 bps year over year; NIM at 12.84%.
  • Asset quality: problem loans at 5.11% of loans (-75 bps YoY), with net charge-offs at 6.10%.
  • Capital: tier 1 leverage ratio of 18.05%, up 9 bps from a year ago.
  • Funding: loans stand at 101.96% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.42%-60 bps YoY

Net Interest Margin (YTD, annualized)

12.84%+559 bps YoY

Efficiency Ratio (YTD, annualized)

56.77%-183 bps YoY

Tier 1 Leverage Ratio

18.05%+9 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets2.02%2.16%2.07%1.54%1.42%-60 bps
Return on Equity11.04%12.06%11.79%8.98%8.14%-290 bps
Net Interest Margin7.25%7.31%7.96%12.05%12.84%+559 bps
Efficiency Ratio58.61%51.68%47.83%63.68%56.77%-183 bps
Non-Interest Burden2.52%1.38%1.09%5.38%3.31%+79 bps
Growth
Asset Growth (YoY)37.19%33.85%32.03%11.82%9.88%-2,730 bps
Loan Growth (YoY)40.12%39.11%32.94%17.45%10.02%-3,010 bps
Deposit Growth (YoY)44.11%38.64%36.54%11.99%8.96%-3,515 bps
Asset Quality
Nonperforming Loans / Loans5.86%5.92%5.87%7.00%5.11%-75 bps
Net Charge-Offs / Loans1.50%1.52%2.02%5.28%6.10%+460 bps
Allowance / Loans2.42%3.60%5.01%5.34%6.43%+401 bps
Allowance Coverage of NPLs0.4x0.6x0.9x0.8x1.3x+0.8x
Capital
Tier 1 Leverage Ratio17.97%17.19%16.90%16.81%18.05%+9 bps
Total Risk-Based Capital17.97%17.19%16.90%16.81%18.05%+9 bps
Equity / Assets17.76%17.06%16.29%18.11%17.92%+16 bps
Liquidity & Funding
Loans / Deposits100.98%99.56%94.16%100.42%101.96%+98 bps
Liquid Assets / Assets11.04%11.80%17.25%11.46%10.79%-25 bps
CRE / Total Capitaln/a204%179.33%176.63%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Finwise Bank

Murray, UT · Cert 35323 · Peer group: banks under $1B in assets operating in a single state (n=743-746) · Finwise Bcorp

State charter, non-member · FDIC · 2 branches

Q2 2026

$915.5MAssets
$737.2MLoans
$723.0MDeposits
$164.1MEquity

Executive Summary

  • Strongest standing: net interest margin outperforms 100% of banks under $1B in assets operating in a single state (rank 2 of 746).
  • Widest gap: net charge-offs / loans trails 100% of banks under $1B in assets operating in a single state (rank 743 of 743).
  • Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

1.43%

Rank 199 of 746

Net Interest Margin

12.84%

Rank 2 of 746

Efficiency Ratio

56.77%

Rank 210 of 746

Equity / Assets

17.92%

Rank 54 of 746

Non-interest income vs. expense

$81.2M$110.7MINCOMEEXPENSE
Unfavorable gap of $29.4M · efficiency ratio beats 72% of banks under $1B in assets operating in a single state
Bank 56.77%Peer median 64.6%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.43%0.72%1.06%1.45%Beats 73%199 / 746
Return on Equity7.98%6.74%10.51%13.63%Beats 33%498 / 746
Net Interest Margin12.84%3.17%3.68%4.16%Beats 100%2 / 746
Efficiency Ratio56.77%55.74%64.58%75.47%Beats 72%210 / 746
Asset Quality
Nonperforming Loans / Loans5.11%0.09%0.42%1.07%Beats 2%731 / 743
Net Charge-Offs / Loans3.24%0.00%0.01%0.05%Beats 0%743 / 743
Capital
Tier 1 Capital Ratio18.05%11.55%13.75%17.60%Beats 77%171 / 746
Total Risk-Based Capital Ratio18.05%11.71%14.33%18.43%Beats 74%197 / 746
Equity / Assets17.92%8.90%10.51%13.06%Beats 93%54 / 746
Liquidity & Funding
Loans / Deposits101.96%61.31%78.27%90.78%92nd pctl62 / 746
Loans / Assets80.52%53.60%66.97%76.08%86th pctl103 / 746
Brokered Deposits / Depositsn/aNot reported for this institution