secwatch.observer — SEC 8-K summary
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Issuer:     Finwise Bancorp (FINW)
CIK:        0001856365
Form:       8-K
Filed at:   2023-08-04T23:59:59+00:00
Accession:  0001856365-23-000030
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FinWise Bancorp Q2 2023 net income $4.6M, TBV $11.59, assets $495.6M
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- Net income for Q2 2023 of $4.6M, down from $5.5M in Q2 2022; ROAE (annualized) 12.0%.
- Tangible book value per share grew to $11.59 as of June 30, 2023, from $10.13 one year ago.
- Total assets reached $495.6M and total deposits $495.6M as of June 30, 2023, both up ~35% YoY.
- Allowance for credit losses to total loans (HFI) at 4.2%; net charge-offs of $2.4M in Q2 2023.
- Strategic Programs contributed 59.4% of Q2'23 gross revenue; SBA 7(a) 24.9%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856365/000185636523000030/0001856365-23-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856365/000185636523000030/finw-20230804.htm
  HTML page:      https://secwatch.observer/filing/0001856365-23-000030

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