What is FinWise Bancorp's baas — salaries and benefits?

FinWise Bancorp (FINW) reported baas — salaries and benefits of $2.45M in Q1 2026.

What does baas — salaries and benefits mean?

The total compensation costs, including salaries, bonuses, and benefits, for personnel dedicated to the Banking-as-a-Service segment. This is a key component of the segment's operating expenses and reflects human capital investment.

FinWise Bancorp FINW BaaS — Salaries and benefits

Other segment segments

Traditional Banking

$1.3M—

Treasury and Administration

$203K—

Similar metrics at other companies

WASHBanking — Salaries and employee benefits

$18.79M+10.7%

ACNBBanking — Salaries and employee benefits

$12.22M+8.1%

TFI

TFINBanking — Salaries and employee benefits

$14.97M-8.2%

MSBIBanking — Salaries and employee benefits

$21.76M-5.0%

NEWTBanking — Salaries and employee benefits expense

$15.24M+18.6%

HOM

HOMBBanking Segment — Salaries and employee benefits

$63.24M+2.2%

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

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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

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 finw:LaborAndRelatedExpenseAdjusted.

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 — salaries and benefits?: FinWise Bancorp (FINW) reported baas — salaries and benefits of $2.45M in Q1 2026.
What does baas — salaries and benefits mean?: The total compensation costs, including salaries, bonuses, and benefits, for personnel dedicated to the Banking-as-a-Service segment. This is a key component of the segment's operating expenses and reflects human capital investment.