secwatch.observer — SEC 8-K summary
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Issuer:     Finwise Bancorp (FINW)
CIK:        0001856365
Form:       8-K
Filed at:   2025-06-30T23:59:59+00:00
Accession:  0001628280-25-033501
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FinWise Bancorp updates investors on Q1 2025; TBV $13.42, efficiency ratio 64.8%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856365/000162828025033501/0001628280-25-033501-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856365/000162828025033501/finw-20250630.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-033501

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