{"schema_version":"secwatch.filing_event.v1","accession":"0001856365-24-000021","form_type":"8-K","ticker":"FINW","cik":"0001856365","company_name":"Finwise Bancorp","filed_at":"2024-04-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.906703+00:00","generated_at":"2026-06-03T05:46:03.443282+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"FinWise Q1 net income $3.3M, EPS $0.25; NPL ratio 6.6%","bullets":["Net income $3.3M ($0.25 diluted EPS), down from $4.2M ($0.32) in Q4 2023 and $3.9M ($0.29) in Q1 2023.","Loan originations $1.1B vs $1.2B in Q4 2023 and $0.9B in Q1 2023; net interest margin 10.12% vs 10.61%.","Non-performing loans $26.0M (6.6% of loans held for investment), largely SBA-guaranteed; allowance 3.2% vs 3.5% prior quarter.","Efficiency ratio worsened to 60.6% from 55.8% in Q4 2023; non-interest expense rose to $11.8M.","Bank leverage ratio 20.6%, well above 9% well-capitalized minimum; new share repurchase program initiated."],"urls":{"canonical":"https://secwatch.observer/filing/0001856365-24-000021","json":"https://secwatch.observer/filing/0001856365-24-000021.json","markdown":"https://secwatch.observer/filing/0001856365-24-000021.md","text":"https://secwatch.observer/filing/0001856365-24-000021.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1856365/000185636524000021/0001856365-24-000021-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1856365/000185636524000021/finw-20240429.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T05:46:03.443282+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":"905352c35bc61d806b07034883e8efce3c8e22c1","claim":"Finwise Bancorp reported the quarter ended March 31, 2024 results: net income $3.3 million, EPS $0.25.","evidence_excerpt":"FINWISE BANCORP REPORTS FIRST QUARTER RESULTS - Net Income of $3.3 Million for First Quarter of 2024 - - Diluted Earnings Per Share of $0.25 for First Quarter of 2024","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1856365/000185636524000021/0001856365-24-000021-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2024"},{"label":"Net income","value":"$3.3 million"},{"label":"EPS","value":"$0.25"},{"label":"Result","value":"reported results"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}