Stock fact sheet · data as of
FinWise Bancorp (FINW): fair value, margin of safety and Wheel Score
Financial Services · Banks - Regional · United States · Speculative / Distressed
Is FINW undervalued?
At 10.75 (close of 16 Oct 2026), FINW trades 53% below the GLS average fair value of 23.10. That average comes from 6 models run on the latest filings, and 5 of them land above the current price. Margins of safety over 30% are the exception rather than the rule across the ~7,400 stocks we value each night, so the number earns FinWise Bancorp the full Value points in the Wheel Score - and a closer look at what the market is pricing in.
The 6 models disagree widely: GLS Growth gives 10.39 while Graham Growth gives 48.62. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
The nightly engine files FINW under Speculative / Distressed - negative earnings or a Piotroski score of 3 or less - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.
Nine valuation models for FINW
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 28.68 | +167% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 18.88 | +76% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 48.62 | +352% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 20.43 | +90% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 10.39 | -3% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | - | - | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10%; no value tonight |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 11.59 | +8% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -44.43 | -513% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 16.00 | +49% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is weak: FINW passes 3 of the nine Piotroski tests. Our screens drop the stock at the health rule; a low score is often the reason a stock looks cheap on the valuation models. The GLS Moat score is low at 4.1 out of 10, which says the ten-year record of revenue, earnings, margins and returns on capital has been inconsistent - growth and shocks rather than steady compounding.
Returns on capital are moderate - ROIC 8.1%, ROE 8.3%, ROA 1.6% - with debt at 0.02 times equity and negative free cash flow.
FinWise Bancorp pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain. Revenue comes mainly from Strategic Program Fees 71%, Financial Service, Other 12%, Gain (Loss) on Sales of Loans, Net 8% (fiscal year FY2023).
Institutional ownership scores 4/10, insider activity 6/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 3 / 9 | ROIC | 8.1% |
|---|---|---|---|
| GLS Moat | 4.1 / 10 | ROE | 8.3% |
| Debt / equity | 0.02 | ROA | 1.6% |
| Free-cash-flow yield | -890.7% | Payout ratio | 0% |
| Institutions | 4 / 10 | Insiders · Congress | 6 · 5 / 10 |
Wheel Score 39: No options
FINW has no listed options in the nightly snapshot, so there is nothing to sell and the stock cannot be wheeled however good the business; the Wheel Score is capped at 39 and shown as "No options" (39 here). The valuation and quality numbers still apply to owning the shares outright.
Volume runs at 24k shares a day on a market cap of $149M, with a beta of 0.73 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 6 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 53% margin of safety | |
| Health | 7 / 20 | Piotroski 3/9 | |
| Moat | 6 / 15 | moat 4.1/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 6 / 20 | 24k shares/day, $149M cap, beta 0.73 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
FinWise Bancorp reports earnings on 28 Oct 2026 (after the close) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Banks - Regional
The 12 companies below are the closest to FinWise Bancorp by market cap within the Banks - Regional industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| FSRL First Reliance Bancshares, Inc. | 18.85 | 26.77 | +30% | 39No options | $149M |
| JDVB JD Bancshares, Inc. | 42.91 | 39.25 | -9% | 33No options | $147M |
| BEOB BEO Bancorp | 62.26 | 174.17 | +64% | 39No options | $151M |
| FMBM F & M Bank Corp. | 40.85 | 62.17 | +34% | 39No options | $147M |
| CMRB First Commerce Bank | 7.37 | 8.39 | +12% | 39No options | $153M |
| AMBK American Bank Incorporated | 24.23 | 26.35 | +8% | 38No options | $154M |
| BCBP BCB Bancorp, Inc. | 8.31 | 18.20 | +54% | 45Weak | $144M |
| CBBI CBB Bancorp, Inc. | 13.52 | 50.33 | +73% | 39No options | $143M |
| CHBH Croghan Bancshares, Inc. | 71.25 | 90.68 | +21% | 39No options | $143M |
| BLHK Blueharbor Bank | 48.30 | 102.01 | +53% | 39No options | $143M |
| FMBN Farmers & Merchants Bancshares, Inc. | 43.20 | 89.99 | +52% | 39No options | $143M |
| LSBK Lake Shore Bancorp, Inc. | 18.12 | 21.97 | +18% | 39No options | $142M |
⚖ Compare FINW with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about FINW
Is FINW undervalued right now?
By the GLS models, yes: at 10.75 the stock is 53% below the average fair value of 23.10 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of FINW and what does it mean?
FINW has no listed options in our nightly snapshot, so it cannot be wheeled; its Wheel Score is capped at 39 and shown as "No options".
What is the GLS fair value for FINW?
23.10 per share as of 16 Oct 2026 - the simple average of the 6 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does FinWise Bancorp report earnings next?
The next earnings report is due on 28 Oct 2026 (after the close), 12 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does FINW have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on FINW, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.