FinWise Bancorp authorizes share repurchase of up to 641,832 shares (~5% outstanding)

Finwise Bancorp

Board authorized repurchase of up to 641,832 shares, approximately 5% of outstanding shares as of March 6, 2024.
Program effective March 6, 2024, expires March 31, 2026; may be limited or terminated at any time.
Repurchases may occur in open market, privately negotiated transactions, or under a Rule 10b5-1 trading plan.
Company expects to fund repurchases with available cash; no obligation to purchase any particular number.
CEO Kent Landvatter cites strong capitalization and solid profitability as rationale for returning capital.

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