{"schema_version":"secwatch.filing_event.v1","accession":"0001856365-23-000026","form_type":"8-K","ticker":"FINW","cik":"0001856365","company_name":"Finwise Bancorp","filed_at":"2023-07-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.822816+00:00","generated_at":"2026-06-13T00:56:38.237908+00:00","sec_items":["1.01","2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"FinWise Bancorp reports Q2 net income $4.6M, EPS $0.35; enters deal to increase BFG stake to 20%","bullets":["Q2 net income $4.6M, diluted EPS $0.35 vs $0.29 prior quarter and $0.41 YoY.","Loan originations $1.2B, down from $2.1B YoY; net interest income $13.7M up from $12.8M YoY.","Efficiency ratio 52.7%; nonperforming loans 0.3%; allowance for credit losses to loans 4.2%.","Definitive agreement to acquire additional 10% of BFG for 372,132 shares, increasing ownership to 20%, expected close by Sept 30, 2023.","Tangible book value per share $11.59, up from $11.26 prior quarter; Bank leverage ratio 22.4%."],"urls":{"canonical":"https://secwatch.observer/filing/0001856365-23-000026","json":"https://secwatch.observer/filing/0001856365-23-000026.json","markdown":"https://secwatch.observer/filing/0001856365-23-000026.md","text":"https://secwatch.observer/filing/0001856365-23-000026.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1856365/000185636523000026/0001856365-23-000026-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1856365/000185636523000026/finw-20230725.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T00:56:38.237908+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3a5376577d9a84b764315c8067d724c08854673f","claim":"Finwise Bancorp reported the quarter ended June 30, 2023 results: net income $4.6 million, EPS $0.35 per diluted share.","evidence_excerpt":"FINWISE BANCORP REPORTS SECOND QUARTER 2023 RESULTS - Net Income of $4.6 Million for Second Quarter of 2023 - - Diluted Earnings Per Share of $0.35 for Second Quarter of 2023","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1856365/000185636523000026/0001856365-23-000026-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended June 30, 2023"},{"label":"Net income","value":"$4.6 million"},{"label":"EPS","value":"$0.35 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"e5deb30670e9611187f47f264e3d5a4b7eed1418","claim":"Finwise Bancorp entered into Membership Interest Purchase Agreement with Business Funding Group, LLC and four members of BFG (effective 2023-07-25).","evidence_excerpt":"On July 25, 2023, FinWise Bancorp (the \"Company\") entered into a Membership Interest Purchase Agreement (the “Purchase Agreement”) with Business Funding Group, LLC (“BFG”) and four members of BFG (“Sellers”), pursuant to which the Company will acquire an additional 10% voting ownership interest in BFG (the “Transaction”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1856365/000185636523000026/0001856365-23-000026-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Business Funding Group, LLC and four members of BFG"},{"label":"Effective","value":"2023-07-25"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}