FinWise Bancorp announced on November 12, 2026, that its Board of Directors has approved an amendment to its existing share repurchase program. The amendment adds 600,000 shares of the Company’s common stock to the authorization, bringing the total number of shares the Company may purchase to 1,285,000. The program was originally approved on May 19, 2026, with an initial authorization of 685,000 shares.
As of November 11, 2026, approximately 415,000 shares remained available under the previous authorization. Since the program’s inception, FinWise has repurchased 270,000 shares at varying prices for an aggregate purchase price of $3.7 million. The newly authorized 600,000 shares represent approximately 4.4% of the Company’s outstanding shares of common stock.
The repurchase program has an expiration date of May 31, 2028. The Company intends to fund the repurchases using its available cash balances. The repurchases will be conducted at the Company’s discretion through open market purchases, privately negotiated transactions, or block purchases, subject to applicable federal securities laws, including Rule 10b-18 of the Securities Exchange Act of 1934.
In connection with the amendment, the Board also authorized the Company to enter into written trading plans under Rule 10b5-1 of the Exchange Act. The Company expects to enter into these plans in the near term. FinWise stated that the extent of future repurchases will depend on a number of factors, including market conditions, regulatory requirements, and the availability of funds.
