{"schema_version":"secwatch.filing_event.v1","accession":"0001856365-24-000003","form_type":"8-K","ticker":"FINW","cik":"0001856365","company_name":"Finwise Bancorp","filed_at":"2024-01-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.056168+00:00","generated_at":"2026-06-06T16:06:14.870074+00:00","sec_items":["1.01","2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"FinWise Q4 net income $4.2M, EPS $0.32; NPLs surge to $27.1M; acquires additional 10% of BFG","bullets":["Q4 2023 net income $4.2M, diluted EPS $0.32 vs $0.37 Q3 and $0.49 a year ago.","Non-performing loans rose to $27.1M (7.3% of loans) from $10.7M; $15M SBA-guaranteed.","Net charge-offs $3.4M in Q4 vs $2.2M prior quarter; provision for credit losses $3.3M.","Acquiring additional 10% nonvoting interest in BFG for 339,176 shares; total ownership to 20%.","Efficiency ratio worsened to 55.8% from 51.3% prior quarter; ROAE 10.8% vs 12.8%."],"urls":{"canonical":"https://secwatch.observer/filing/0001856365-24-000003","json":"https://secwatch.observer/filing/0001856365-24-000003.json","markdown":"https://secwatch.observer/filing/0001856365-24-000003.md","text":"https://secwatch.observer/filing/0001856365-24-000003.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1856365/000185636524000003/0001856365-24-000003-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1856365/000185636524000003/finw-20240126.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T16:06:14.870074+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":"a95d68cc5fb46c43284e4cc95b2110625fa23174","claim":"Finwise Bancorp reported the quarter ended December 31, 2023 results: net income $4.2 million, EPS $0.32.","evidence_excerpt":"FinWise Bancorp (the “Company”), dated January 29, 2024, reporting the Company’s financial results for the fiscal quarter ended December 31, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1856365/000185636524000003/0001856365-24-000003-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended December 31, 2023"},{"label":"Net income","value":"$4.2 million"},{"label":"EPS","value":"$0.32"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"bf21e05c0479800933c33a295bd38495d1bc7858","claim":"Finwise Bancorp amended Amendment to the Purchase Agreement with Business Funding Group, LLC and four members of BFG (effective 2024-01-26).","evidence_excerpt":"On January 26, 2024, the Company and the Sellers entered into an Amendment to the Purchase Agreement (the “Amendment”) pursuant to which: a. The Company will acquire an additional 10% nonvoting 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/1856365/000185636524000003/0001856365-24-000003-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Business Funding Group, LLC and four members of BFG"},{"label":"Effective","value":"2024-01-26"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}