Finwise Bancorp Earnings Per Share Disclosure
| Years Ended December 31, | ||||||||||||||
| 2025 | 2024 | |||||||||||||
| Numerator: | ||||||||||||||
| Net income | $ | 16,091 | $ | 12,742 | ||||||||||
Amounts allocated to participating common shareholders(1) | (705) | (390) | ||||||||||||
| Net income allocated to common shareholders | $ | 15,386 | $ | 12,352 | ||||||||||
| Denominator: | ||||||||||||||
| Weighted average shares outstanding, basic | 12,828,016 | 12,612,455 | ||||||||||||
| Weighted average effect of dilutive securities: | ||||||||||||||
| Stock options | 572,431 | 491,036 | ||||||||||||
| Warrants | 164,889 | 125,378 | ||||||||||||
| Weighted average shares outstanding, diluted | 13,565,336 | 13,228,869 | ||||||||||||
| Earnings per share, basic | $ | 1.20 | $ | 0.98 | ||||||||||
| Earnings per share, diluted | $ | 1.13 | $ | 0.93 | ||||||||||
| Anti-dilutive stock options excluded from the calculation of diluted earnings per share | — | 77,723 | ||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 23, 2026 | Showing above |
| 2024 | Mar 26, 2025 | |
| 2023 | Mar 25, 2024 | |
| 2022 | Mar 30, 2023 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.