---
schema_version: "secwatch.filing_event.v1"
accession: "0001856365-23-000008"
form_type: "8-K"
ticker: "FINW"
cik: "0001856365"
company_name: "Finwise Bancorp"
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T09:26:26.209489+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# FinWise Bancorp Q1 net income falls 59% YoY to $3.9M; originations halve to $0.9B

## Summary
- Diluted EPS $0.29 vs $0.70 a year ago; net income $3.9M down from $9.4M.
- Loan originations $0.9B, down from $1.2B Q4 2022 and $2.5B Q1 2022.
- Net interest margin 12.51% vs 14.27% prior quarter; efficiency ratio 52.5% vs 36.7% YoY.
- Noninterest income fell to $4.5M from $11.7M a year ago on lower gain-on-sale and strategic fees.
- Asset quality stable: NPLs 0.2% of loans; net charge-offs $2.9M. Book value per share $11.26.

## SEC filing metadata
- accession: 0001856365-23-000008
- form_type: 8-K
- ticker: FINW
- cik: 0001856365
- company_name: Finwise Bancorp
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1856365/000185636523000008/0001856365-23-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1856365/000185636523000008/finw-20230427.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001856365-23-000008
- JSON: https://secwatch.observer/filing/0001856365-23-000008.json
- Plain text: https://secwatch.observer/filing/0001856365-23-000008.txt

## Key facts
- Earnings Releases
  Finwise Bancorp reported first quarter of 2023 results: net income $3.9 million, EPS $0.29.
  - Period: first quarter of 2023
  - Net income: $3.9 million
  - EPS: $0.29
  - Result: reported results
  source text: FINWISE BANCORP REPORTS FIRST QUARTER 2023 RESULTS - Net Income of $3.9 million for First Quarter of 2023- - Diluted Earnings Per Share of $0.29 for First Quarter of 2023-
  evidence_url: https://www.sec.gov/Archives/edgar/data/1856365/000185636523000008/0001856365-23-000008-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.