other material
confidence high
sentiment neutral
materiality 0.40
FinWise Bancorp publishes June 2023 investor presentation with Q1 2023 financials
Finwise Bancorp
- Total assets $442.3M, net income $3.9M, ROAE 11.1%, ROAA 3.8% as of Q1 2023.
- Loan portfolio $297.7M; 34.2% SBA-guaranteed and Strategic Program HFS; ALL 4.0%.
- Revenue mix: Strategic Programs 61.2%, SBA 7(a) 24.2%, CRE 6.5%, Leasing 1.7%.
- Disciplined underwriting; 60% of ALL allocated to Strategic Program loans.
- Tangible book value per share grew consistently; efficiency ratio below US bank median.