secwatch.observer — SEC 8-K summary
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Issuer:     Finwise Bancorp (FINW)
CIK:        0001856365
Form:       8-K
Filed at:   2025-01-30T23:59:59+00:00
Accession:  0001856365-25-000003
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FinWise Bancorp Q4 2024 net income $2.8M ($0.20 EPS); full year EPS $0.93; NPLs rise to 7.8%
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- Net income $2.8M in Q4 2024, down from $4.2M in Q4 2023; diluted EPS $0.20 vs $0.32.
- Full year 2024 net income $12.7M ($0.93 EPS) vs $17.5M ($1.33 EPS) in 2023.
- Loan originations $1.3B in Q4, $5.0B for 2024; net interest margin 10.0% up from 9.7% prior quarter.
- Nonperforming loans totaled $36.4M (7.8% of loans HFI) vs $30.6M (7.1%) in Q3; net charge-offs $3.2M.
- Announced four new lending programs and two new payments/credit card programs to diversify revenue.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856365/000185636525000003/0001856365-25-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856365/000185636525000003/finw-20250130.htm
  HTML page:      https://secwatch.observer/filing/0001856365-25-000003

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