FinWise Bancorp announces share repurchase program

FinWise Bancorp announced that its Board of Directors has authorized a common stock repurchase program to purchase up to 641,832 shares, or approximately 5% of issued and outstanding shares, as of March 6, 2024. The repurchases will be made at the Company’s discretion through March 31, 2026. “As the Company remains well capitalized and continues to generate solid profitability, we are pleased that the Board of Directors has approved a new Share Repurchase Program,” said Kent Landvatter, Chief Executive Officer of FinWise. “Our differentiated business model and strong liquidity position allow us to return capital to shareholders via share buybacks while continuing to invest to become an integrated Fintech banking solutions provider.”