---
schema_version: "secwatch.filing_event.v1"
accession: "0001856365-23-000037"
form_type: "8-K"
ticker: "FINW"
cik: "0001856365"
company_name: "Finwise Bancorp"
filed_at: "2023-10-26T23:59:59+00:00"
generated_at: "2026-06-09T08:49:44.933605+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# FinWise Q3 net income $4.8M ($0.37 EPS); NPL ratio jumps to 3.2% from 0.7%

## Summary
- Net income $4.8M ($0.37 diluted EPS) vs $3.7M ($0.27) a year ago; net interest income $14.4M (+15% YoY).
- Non-performing loans to total loans ratio rose to 3.2% from 0.7% in Q2 and 0% in Q3 2022, driven by SBA 7(a) loans.
- Loan originations $1.1B, down from $1.2B QoQ and $1.5B YoY; management expects slowdown to persist into 2024.
- Definitive agreement to acquire additional 10% of BFG for 372,132 shares; regulatory approval pending.

## SEC filing metadata
- accession: 0001856365-23-000037
- form_type: 8-K
- ticker: FINW
- cik: 0001856365
- company_name: Finwise Bancorp
- filed_at: 2023-10-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1856365/000185636523000037/0001856365-23-000037-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1856365/000185636523000037/finw-20231026.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001856365-23-000037
- JSON: https://secwatch.observer/filing/0001856365-23-000037.json
- Plain text: https://secwatch.observer/filing/0001856365-23-000037.txt

## Key facts
- Earnings Releases
  Finwise Bancorp reported fiscal quarter ended September 30, 2023 results: net income $4.8 million, EPS $0.37.
  - Period: fiscal quarter ended September 30, 2023
  - Net income: $4.8 million
  - EPS: $0.37
  - Result: reported results
  source text: Net income was $4.8 million for the third quarter of 2023, compared to $4.6 million for the second quarter of 2023 and $3.7 million for the third quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1856365/000185636523000037/0001856365-23-000037-index.htm

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