other_material
confidence high
sentiment neutral
materiality 0.60
FinWise Bancorp updates investors on Q1 2025; TBV $13.42, efficiency ratio 64.8%
Finwise Bancorp
- TBV per share $13.42 at March 31, 2025, up from $12.70 a year earlier.
- Efficiency ratio (non-GAAP) rose to 64.8% in Q1 2025 from 61.0% in Q1 2024.
- Strategic Program Loans on balance sheet: $138.7M; gain on sale and fees contributed $5.1M in Q1.
- SBA loans on balance sheet $246.0M, with 61% guaranteed by the U.S. government.
- 196 FTEs as of Q1 2025; 37% in IT, compliance, risk management and BSA roles.
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