secwatch.observer — SEC 8-K summary
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Issuer:     Finwise Bancorp (FINW)
CIK:        0001856365
Form:       8-K
Filed at:   2022-10-26T23:59:59+00:00
Accession:  0001140361-22-038503
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FinWise Q3 net income $3.7M, diluted EPS $0.27; loan originations fall to $1.5B
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- Net income $3.7M vs $5.5M in Q2 2022 and $8.4M in Q3 2021; diluted EPS $0.27 vs $0.41 and $0.91.
- Loan originations $1.5B, down from $2.1B in Q2 2022 and $1.8B in Q3 2021.
- Net interest income $12.5M; provision for loan losses $4.5M, up from $2.9M in Q2.
- Effective tax rate 48.7% due to correction of prior-period tax error; nonperforming loans zero.
- Share repurchase: 20,000 shares bought back for $0.2M under authorized program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856365/000114036122038503/0001140361-22-038503-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856365/000114036122038503/brhc10043277_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-038503

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