secwatch.observer — SEC 8-K summary
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Issuer:     Finwise Bancorp (FINW)
CIK:        0001856365
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0001856365-24-000049
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FinWise Bancorp Q2 net income $3.2M, EPS $0.24; NPLs rise to $27.9M
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- Net income of $3.2M vs $4.6M YoY; diluted EPS $0.24 down from $0.35.
- Net interest income $14.6M, up from $13.7M YoY; loan originations $1.2B.
- Nonperforming loans $27.9M (6.5% of loans), vs $1.9M YoY; charge-offs $1.9M.
- Efficiency ratio 66.3% vs 52.7% YoY; ROAE 7.9% vs 12.8% YoY.
- Repurchased 44,608 shares for $0.5M; new initiatives include Payments partner and Payment Hub.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856365/000185636524000049/0001856365-24-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856365/000185636524000049/finw-20240725.htm
  HTML page:      https://secwatch.observer/filing/0001856365-24-000049

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