What is FinWise Bancorp's baas — provision for income taxes?

FinWise Bancorp (FINW) reported baas — provision for income taxes of $1.19M in Q1 2026.

What does baas — provision for income taxes mean?

This metric represents the portion of the Banking-as-a-Service segment's pre-tax earnings allocated to satisfy corporate income tax obligations. It reflects the tax burden associated with the segment's specific operational activities and regulatory jurisdiction. Monitoring this helps investors understand the effective tax rate applied to the segment's contribution to the overall bank's profitability.

FinWise Bancorp FINW BaaS — Provision for income taxes

Other segment segments

Traditional Banking

-$138K—

Treasury and Administration

$9K—

Similar metrics at other companies

CCBBaaS program income — Noninterest income

$10.89M+73.4%

HWBKBank — Income tax expense (benefit)

$1.51M+3.4%

BETRBanking — Income Tax

-$118K-260%

BUSEBanking — Income taxes

$13.8M+1,687%

CCBBaaS program income — Revenue

$10.89M+73.4%

BOHConsumer Banking — Provision for Income Taxes

$10.92M+9.2%

Other financials

Income statement

See full

Revenue$42.7M+93.4%

Net income$2.7M-14.2%

EPS (diluted)$0.20-13.0%

Balance sheet

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Cash & equivalents$96.9M-19.4%

Total debt$4.4M-16.9%

Total equity$196.6M+10.9%

Total assets$899.4M+11.9%

Cash flow

See full

Operating cash flow$19.7M+191%

CapEx$21.0K-82.1%

Free cash flow$19.7M+191%

Valuation

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Market cap$198.74M+7.6%

P/E12.7×-0.9×

P/S1.3×-0.8×

Profitability

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Net margin10.3%-4.7pp

FCF margin-14.7%-40.8pp

Returns & leverage

See full

Return on equity8.4%+0.9pp

Debt / equity0×0.0×

Where this comes from

Reported directly by FinWise Bancorp in its filing.

Tagged under the XBRL concept us-gaap:IncomeTaxExpenseBenefit.

The official record: FinWise Bancorp’s 10-Q, filed May 12, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is FinWise Bancorp's baas — provision for income taxes?: FinWise Bancorp (FINW) reported baas — provision for income taxes of $1.19M in Q1 2026.
What does baas — provision for income taxes mean?: This metric represents the portion of the Banking-as-a-Service segment's pre-tax earnings allocated to satisfy corporate income tax obligations. It reflects the tax burden associated with the segment's specific operational activities and regulatory jurisdiction. Monitoring this helps investors understand the effective tax rate applied to the segment's contribution to the overall bank's profitability.