secwatch.observer — SEC 8-K summary
======================================

Issuer:     Finwise Bancorp (FINW)
CIK:        0001856365
Form:       8-K
Filed at:   2025-07-24T23:59:59+00:00
Accession:  0001628280-25-035927
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FinWise Q2 net income $4.1M, EPS $0.29; loan originations $1.5B
---------------------------------------------------------------

- Net income of $4.1M ($0.29 diluted EPS), up from $3.2M ($0.23) in Q1 2025 and $3.2M ($0.24) in Q2 2024.
- Loan originations totaled $1.48B, up from $1.26B in Q1 and $1.17B in Q2 2024.
- Net interest income $14.7M, net interest margin 7.81% vs 10.31% a year ago due to lower-yielding higher-quality loans.
- Nonperforming loans rose to $39.7M (7.5% of HFI) from $29.9M (6.1%) at Q1, partly SBA-guaranteed.
- Efficiency ratio improved to 59.5% from 64.8% in Q1; tangible book value per share $13.51.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856365/000162828025035927/0001628280-25-035927-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856365/000162828025035927/finw-20250724.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-035927

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