---
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"
generated_at: "2026-06-03T05:46:03.443282+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# FinWise Q1 net income $3.3M, EPS $0.25; NPL ratio 6.6%

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001856365-24-000021
- JSON: https://secwatch.observer/filing/0001856365-24-000021.json
- Plain text: https://secwatch.observer/filing/0001856365-24-000021.txt

## Key facts
- Earnings Releases
  Finwise Bancorp reported the quarter ended March 31, 2024 results: net income $3.3 million, EPS $0.25.
  - Period: the quarter ended March 31, 2024
  - Net income: $3.3 million
  - EPS: $0.25
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1856365/000185636524000021/0001856365-24-000021-index.htm

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