Finwise Bancorp Authorizes $9.37M Share Repurchase Program
FINW is trading near its 52-week low of $12.82 (6.6% above the low) on elevated volume (2.6× avg).
Summary
Finwise Bancorp's board has authorized a share repurchase program for up to 5% of its outstanding shares, signaling management's confidence in the company's financial strength and valuation.
Key Events · Financing and Capital Events · FINW
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Share Repurchase Program Authorized
The Board of Directors authorized a program to repurchase up to 685,000 shares of common stock, effective May 19, 2026, with an expiration of May 31, 2028.
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Significant Program Size
The authorized repurchase represents approximately 5% of the company's issued and outstanding shares, valued at about $9.37 million based on the current stock price.
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Management Confidence
CEO Jim Noone stated the program reflects a strong capital position and confidence in the business's long-term trajectory, citing a 16.8% Bank Leverage Ratio and $14.34 tangible book value per share.
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Flexible Execution
Repurchases may occur in the open market or privately, with discretion on timing and amount, and can be made under a Rule 10b5-1 plan, funded by available cash balances.
Analysis · FINW · Finance
The company's board approved a share repurchase program for up to 685,000 shares, representing approximately 5% of its outstanding common stock. This move signals management's confidence in the company's valuation and strong capital position, as highlighted by CEO Jim Noone's comments on a high Bank Leverage Ratio and tangible book value. The program provides flexibility for capital deployment to enhance shareholder value.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 35.7% of the 1024 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, FINW was trading at $13.67 on NASDAQ in the Finance sector, with a market capitalization of approximately $185.4M. The 52-week trading range was $12.82 to $22.49. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.