secwatch.observer — SEC 8-K summary
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Issuer:     Finwise Bancorp (FINW)
CIK:        0001856365
Form:       8-K
Filed at:   2023-06-21T23:59:59+00:00
Accession:  0001856365-23-000021
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FinWise Bancorp publishes June 2023 investor presentation with Q1 2023 financials
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856365/000185636523000021/0001856365-23-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856365/000185636523000021/finw-20230621.htm
  HTML page:      https://secwatch.observer/filing/0001856365-23-000021

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