FinWise Repurchased 159,099 Shares for $2.2 Million in the Third Quarter

Key Facts

FinWise Bancorp repurchased 159,099 shares for $2.2 million during the three months ended September 30, 2026, under the buyback program it announced in May, according to results published by the company via Nasdaq. The total number of shares repurchased since the program began reached 188,835 through the end of September. These figures show the authorization’s actual execution during the quarter, alongside the maximum approved by the board when it was launched. The program was announced on May 21, 2026, and allows the company to continue purchases through its scheduled end date of May 31, 2028.

The original authorization set a cap of up to 685,000 shares, or about 5% of the shares issued and outstanding as of May 19, 2026, according to the company’s official statement. This means the shares repurchased by the end of September fall within a previously announced limit, while the authorization does not set the pace of execution or the number of shares the company will actually buy. FinWise said purchases may be made in the open market or through privately negotiated transactions, and may also be executed under a trading plan pursuant to Rule 10b5-1. Purchase decisions remain at the company’s discretion, and it may limit or terminate the program at any time without notice, according to its filing with the U.S. Securities and Exchange Commission.

On its third-quarter earnings call, the company said it had repurchased 188,835 shares for $2.6 million since the board authorized the program in May, equivalent to about 28% of the shares authorized under the program. The earnings release reported $2.2 million in purchases for the quarter alone, while the $2.6 million figure covers purchases since the program began through the earnings call. The company said the board had also approved a Rule 10b5-1 repurchase plan. The plan is scheduled to take effect when the company’s self-imposed blackout period begins in mid-December 2026, according to the call published by Stock Analysis.

When the program was announced in May, CEO Jim Noone linked the authorization to the strength of the company’s capital position and its confidence in its business outlook. He said the bank’s leverage ratio was 16.8%, and tangible book value per share was $14.34 at the end of the first quarter of 2026. In a subsequent filing, the company said the bank’s capital levels on September 30 remained well above regulatory guidance for a “well-capitalized” institution. It also disclosed that the latest notice it received from the Federal Deposit Insurance Corporation classified the bank as “well-capitalized” under the prompt corrective action framework as of September 30, 2026.