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FinWise Bancorp (FinWise Bancorp) Gross-Profit-to-Asset % : 13.09% (As of Mar. 2024)


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What is FinWise Bancorp Gross-Profit-to-Asset %?

Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. FinWise Bancorp's annualized Gross Profit for the quarter that ended in Mar. 2024 was $78.38 Mil. FinWise Bancorp's average Total Assets over the quarter that ended in Mar. 2024 was $598.53 Mil. Therefore, FinWise Bancorp's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 13.09%.


FinWise Bancorp Gross-Profit-to-Asset % Historical Data

The historical data trend for FinWise Bancorp's Gross-Profit-to-Asset % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

FinWise Bancorp Gross-Profit-to-Asset % Chart

FinWise Bancorp Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Gross-Profit-to-Asset %
19.09 17.01 22.88 22.74 15.45

FinWise Bancorp Quarterly Data
Dec19 Mar20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Gross-Profit-to-Asset % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.07 16.17 14.95 14.72 13.09

Competitive Comparison of FinWise Bancorp's Gross-Profit-to-Asset %

For the Banks - Regional subindustry, FinWise Bancorp's Gross-Profit-to-Asset %, along with its competitors' market caps and Gross-Profit-to-Asset % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


FinWise Bancorp's Gross-Profit-to-Asset % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, FinWise Bancorp's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where FinWise Bancorp's Gross-Profit-to-Asset % falls into.



FinWise Bancorp Gross-Profit-to-Asset % Calculation

FinWise Bancorp's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2023 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=76.239/( (400.78+586.221)/ 2 )
=76.239/493.5005
=15.45 %

FinWise Bancorp's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=78.376/( (586.221+610.833)/ 2 )
=78.376/598.527
=13.09 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Gross-Profit-to-Asset %, the Gross Profit of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Gross Profit data used here is four times the quarterly (Mar. 2024) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.


FinWise Bancorp Gross-Profit-to-Asset % Related Terms

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FinWise Bancorp (FinWise Bancorp) Business Description

Traded in Other Exchanges
N/A
Address
756 East Winchester, Suite 100, Murray, UT, USA, 84107
FinWise Bancorp is an independent bank that provides a full range of banking services to individual and corporate customers. The bank's primary source of revenue is from loans including Small Business Administration, commercial, commercial real estate, residential real estate, and consumer.
Executives
Javvis O Jacobson officer: CFO AND EXECUTIVE VP 765 E WINCHESTER ST, SUITE 100, MURRAY UT 84107
James N Giordano director 208 HARRISTOWN ROAD, SUITE 101, GLEN ROCK NJ 07452
Kent Landvatter director, officer: PRESIDENT AND CEO 765 E WINCHESTER ST, SUITE 100, MURRAY UT 84107
Dawn M Cannon officer: COO AND EXECUTIVE VP 765 E WINCHESTER ST, SUITE 100, MURRAY UT 84107
Alan Weichselbaum director 50 SEALY DRIVE, LAWRENCE NY 11559
Michael Christopher Obrien officer: See Remarks 756 EAST WINCHESTER, SUITE 100, MURRAY UT 84107
David Tilis officer: CSO AND SENIOR VP 43 NORTH VILLAGE AVENUE, 2ND FLOOR, ROCKVILLE CENTRE NY 11570
Gibson Thomas Elmer Jr director 9122 INGRAM DRIVE, WEST JORDAN UT 84088
Jeana Hutchings director 136 E SOUTH TEMPLE, 2300, SALT LAKE CITY UT 84111
Howard I Reynolds director 12464 SOUTH 1840 EAST, DRAPER UT 84020
Gerald Edwin Cunningham director P.O. BOX 1061, DRAPER UT 84020
Healey Russell Fred Jr director 4014 SOUTH HIGHLAND DRIVE, SALT LAKE CITY UT 84124
James Noone officer: CCO AND EXECUTIVE VP 765 E WINCHESTER ST, SUITE 100, MURRAY UT 84107
Lisa Ann Nievaard director 12634 S 265 W, DRAPER UT 84020