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FinWise Bancorp (FinWise Bancorp) Pretax Margin % : 23.01% (As of Mar. 2024)


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What is FinWise Bancorp Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. FinWise Bancorp's Pre-Tax Income for the three months ended in Mar. 2024 was $4.51 Mil. FinWise Bancorp's Revenue for the three months ended in Mar. 2024 was $19.59 Mil. Therefore, FinWise Bancorp's pretax margin for the quarter that ended in Mar. 2024 was 23.01%.

The historical rank and industry rank for FinWise Bancorp's Pretax Margin % or its related term are showing as below:

FINW' s Pretax Margin % Range Over the Past 10 Years
Min: 29.16   Med: 37.97   Max: 52.96
Current: 29.16


FINW's Pretax Margin % is ranked worse than
59.45% of 1455 companies
in the Banks industry
Industry Median: 32.88 vs FINW: 29.16

FinWise Bancorp Pretax Margin % Historical Data

The historical data trend for FinWise Bancorp's Pretax Margin % 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 Pretax Margin % Chart

FinWise Bancorp Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Pretax Margin %
37.97 35.99 52.96 40.58 31.23

FinWise Bancorp Quarterly Data
Dec19 Mar20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Pretax Margin % 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 30.86 33.10 33.10 27.67 23.01

Competitive Comparison of FinWise Bancorp's Pretax Margin %

For the Banks - Regional subindustry, FinWise Bancorp's Pretax Margin %, along with its competitors' market caps and Pretax Margin % 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 Pretax Margin % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, FinWise Bancorp's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where FinWise Bancorp's Pretax Margin % falls into.



FinWise Bancorp Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

FinWise Bancorp's Pretax Margin for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Margin=Pre-Tax Income (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=23.813/76.239
=31.23 %

FinWise Bancorp's Pretax Margin for the quarter that ended in Mar. 2024 is calculated as

Pretax Margin=Pre-Tax Income (Q: Mar. 2024 )/Revenue (Q: Mar. 2024 )
=4.509/19.594
=23.01 %

* 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.


FinWise Bancorp  (NAS:FINW) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.


FinWise Bancorp Pretax Margin % 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