secwatch.observer — SEC 8-K summary
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Issuer:     Finwise Bancorp (FINW)
CIK:        0001856365
Form:       8-K
Filed at:   2023-01-25T23:59:59+00:00
Accession:  0001140361-23-002736
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FinWise Q4 net income $6.5M ($0.49 EPS), down 35% YoY; loan originations fall to $1.2B
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- Net income $6.5M ($0.49 diluted EPS) vs $10.1M ($0.90) in Q4 2021, a 35% decline.
- Loan originations $1.2B, down from $2.3B YoY and $1.5B in Q3 2022.
- Net interest margin narrowed to 14.27% from 16.62% YoY; cost of deposits rose to 1.98%.
- Allowance for loan losses to total loans at 4.6%; net charge-offs $3.2M vs $2.3M YoY.
- Nonperforming loans minimal at 0.1% of total loans; tangible book value $10.95/share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856365/000114036123002736/0001140361-23-002736-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856365/000114036123002736/brhc10046916_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-002736

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer