---
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"
generated_at: "2026-06-13T00:56:38.237908+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# FinWise Bancorp reports Q2 net income $4.6M, EPS $0.35; enters deal to increase BFG stake to 20%

## Summary
- 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%.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001856365-23-000026
- JSON: https://secwatch.observer/filing/0001856365-23-000026.json
- Plain text: https://secwatch.observer/filing/0001856365-23-000026.txt

## Key facts
- Earnings Releases
  Finwise Bancorp reported the quarter ended June 30, 2023 results: net income $4.6 million, EPS $0.35 per diluted share.
  - Period: the quarter ended June 30, 2023
  - Net income: $4.6 million
  - EPS: $0.35 per diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1856365/000185636523000026/0001856365-23-000026-index.htm
- Material Agreements
  Finwise Bancorp entered into Membership Interest Purchase Agreement with Business Funding Group, LLC and four members of BFG (effective 2023-07-25).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Business Funding Group, LLC and four members of BFG
  - Effective: 2023-07-25
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1856365/000185636523000026/0001856365-23-000026-index.htm

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