FinWise Bancorp (FinWise Bancorp) Credit Losses Provision : $12.12 Mil (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is FinWise Bancorp Credit Losses Provision?

FinWise Bancorp's credit losses provision for the three months ended in Mar. 2024 was $3.15 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was $12.12 Mil.

FinWise Bancorp's quarterly credit losses provision increased from Sep. 2023 ($3.07 Mil) to Dec. 2023 ($3.21 Mil) but then declined from Dec. 2023 ($3.21 Mil) to Mar. 2024 ($3.15 Mil).

FinWise Bancorp's annual credit losses provision increased from Dec. 2021 ($8.04 Mil) to Dec. 2022 ($13.52 Mil) but then declined from Dec. 2022 ($13.52 Mil) to Dec. 2023 ($11.64 Mil).

FinWise Bancorp Credit Losses Provision Historical Data

The historical data trend for FinWise Bancorp's Credit Losses Provision 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 Credit Losses Provision Chart

FinWise Bancorp Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

5.29

5.23

8.04

13.52

11.64

FinWise Bancorp Quarterly Data
	Dec19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial												2.67	2.69	3.07	3.21	3.15

FinWise Bancorp Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $12.12 Mil.

FinWise Bancorp (FinWise Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » FinWise Bancorp (NAS:FINW) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

756 East Winchester, Suite 100, Murray, UT, USA, 84107

Website

https://www.finwisebancorp.com

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