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FinWise Bancorp Priced, Nasdaq: FINW

Utah-based digital bank that offers loan and deposit services across the US.

Industry: Financials

Latest Trade: $10.12 +0.27 (+2.7%)

First Day Return: +21.2%

Return from IPO: -6.2%

Industry: Financials

We are FinWise Bancorp, a Utah bank holding company headquartered in Murray, Utah. We operate through our wholly-owned subsidiary, FinWise Bank, a Utah state-chartered non-member bank. We make loans to and take deposits from consumers and small businesses across the United States of America (“USA”). Combined, we believe these attributes enable us to effectively manage our risk and achieve superior rates of growth and profitability compared to other banks, as reflected in S&P Global Market Intelligence rankings of banks and thrifts. For each of the past five years, FinWise Bank has been recognized as a Top Performing Bank by S&P Global Market Intelligence and in 2020, FinWise Bank ranked as the second-best performing bank and thrift in the USA with up to $3 billion in assets. The 2020 ranking was based on a scoring system comprised of six key ratios encompassing profitability, revenue growth, capitalization and credit quality. Founded in 1999, FinWise Bank (formerly known as Utah Community Bank) operated as a local community bank focusing on real estate lending in and around the Salt Lake City, Utah MSA. The Company was formed in 2002 and acquired 100% of the stock of Utah Community Bank.
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IPO Data
IPO File Date 07/15/2021
Offer Price $10.50
Price Range $10.00 - $12.00
Offer Shares (mm) 3.5
Deal Size ($mm) $37
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 11/18/2021
Offer Price $10.50
Price Range $10.00 - $12.00
Offer Shares (mm) 3.5
Deal Size ($mm) $37
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Piper Sandler
Stephens Inc.
Company Data
Headquarters Murray, UT, United States
Founded 1999
Employees 113
Website www.finwisebancorp.com

FinWise Bancorp (FINW) Performance