FinWise Bancorp rises after authorizing stock repurchase program

Finwise Bancorp

07/03/2024 16:29

** Shares of fintech bank FinWise Bancorp  FINW.O  rise as
much as 9.5%, last up 4% at $9.75
    ** Co says board has authorized a stock buyback program to
purchase up to 641,832 shares, or nearly 5% of issued and
outstanding shares through March 31, 2026
    ** FINW may repurchase shares in the open market or through
privately negotiated transactions 
    ** Up to last close, stock down 34.5% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))