What does baas — provision for (reversal of) credit losses mean?

The expense recognized to maintain the allowance for credit losses at a level sufficient to cover expected losses within the Banking-as-a-Service loan portfolio. It reflects the bank's assessment of credit risk and the quality of the underlying assets.

FinWise Bancorp FINW BaaS — Provision for (Reversal of) Credit Losses

Other segment segments

Traditional Banking

$2.6M—

Treasury and Administration

$0—

Similar metrics at other companies

CCBBaaS loan expense — BaaS loan and fraud expense

$36.94M+13.6%

CCBBaaS loan and fraud expense

$40M+15.9%

CASSBanking Services — Provision for Credit Losses

$61K-93.3%

CCBBaaS fraud expense — BaaS loan and fraud expense

$3.06M+53.5%

NEWTBanking — Provision for Credit Losses

$9.61M-28.9%

ABCBBanking Division — Provision for Credit Losses

$11.85M-27.8%

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

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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

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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 finw:FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossExpenseReversalIncludingUnfundedCommitments.

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 (reversal of) credit losses?: FinWise Bancorp (FINW) reported baas — provision for (reversal of) credit losses of $7.98M in Q1 2026.
What does baas — provision for (reversal of) credit losses mean?: The expense recognized to maintain the allowance for credit losses at a level sufficient to cover expected losses within the Banking-as-a-Service loan portfolio. It reflects the bank's assessment of credit risk and the quality of the underlying assets.