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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