---
schema_version: "secwatch.filing_event.v1"
accession: "0001856365-24-000057"
form_type: "8-K"
ticker: "FINW"
cik: "0001856365"
company_name: "Finwise Bancorp"
filed_at: "2024-10-24T23:59:59+00:00"
generated_at: "2026-05-30T10:38:15.052170+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# FinWise Q3 net income $3.5M ($0.25 EPS) down from $4.8M; originations $1.4B, NPLs surge to $30.6M

## Summary
- Net income $3.5M ($0.25 diluted EPS), down from $4.8M ($0.37) in Q3 2023; net interest income rose to $14.8M.
- Loan originations increased to $1.4B, up from $1.1B YoY and $1.2B in prior quarter.
- Nonperforming loans $30.6M (7.1% of HFI loans) vs $10.7M (3.2%) a year ago; SBA-guaranteed portion $17.8M.
- Efficiency ratio 67.5% vs 50.4% YoY; annualized ROE fell to 8.3% from 12.8%.
- Provision for credit losses $2.2M vs $3.1M YoY; net charge-offs $2.4M, slightly up from $2.2M.

## SEC filing metadata
- accession: 0001856365-24-000057
- form_type: 8-K
- ticker: FINW
- cik: 0001856365
- company_name: Finwise Bancorp
- filed_at: 2024-10-24T23:59:59+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/1856365/000185636524000057/0001856365-24-000057-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1856365/000185636524000057/finw-20241024.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001856365-24-000057
- JSON: https://secwatch.observer/filing/0001856365-24-000057.json
- Plain text: https://secwatch.observer/filing/0001856365-24-000057.txt

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