secwatch.observer — SEC 8-K summary
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Issuer:     Finwise Bancorp (FINW)
CIK:        0001856365
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0001856365-23-000037
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856365/000185636523000037/0001856365-23-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856365/000185636523000037/finw-20231026.htm
  HTML page:      https://secwatch.observer/filing/0001856365-23-000037

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