other material
confidence high
sentiment positive
materiality 0.60
FinWise Bancorp authorizes repurchase of up to 685,000 shares (~5% of outstanding)
Finwise Bancorp
- Board approved repurchase of up to 685,000 shares (~5% of shares outstanding as of May 19, 2026).
- Program expires May 31, 2028; purchases at company's discretion in open market or private transactions.
- CEO cites strong capital: Bank Leverage Ratio of 16.8% (nearly double well-capitalized threshold) and tangible book value of $14.34/share.
- Repurchases will be funded from available cash balances; company not obligated to buy any specific number.