Welcome to our dedicated page for Finwise Bancorp news (Ticker: FINW), a resource for investors and traders seeking the latest updates and insights on Finwise Bancorp stock.
The FinWise Bancorp Common (FINW) news page on Stock Titan aggregates company announcements, earnings releases and partnership updates for the parent of FinWise Bank. FinWise describes itself as a provider of banking and payments solutions to fintech brands, and its news flow reflects this focus on technology-enabled financial services and strategic program relationships.
Investors and analysts following FINW can use this page to review quarterly earnings reports, where the company discusses loan originations, net interest income, non-interest income, credit enhancement income, efficiency ratio and balance sheet trends. These releases also highlight developments in Strategic Program Lending, credit enhanced balances and the performance of SBA 7(a), owner occupied commercial real estate, leasing and other loan portfolios.
FinWise regularly issues press releases on strategic program agreements with fintech partners. Recent examples include agreements with DreamFi, Inc. to support underbanked communities through mobile banking and payments infrastructure, and with Backd Business Funding to provide business installment loans and access to the Credit Enhanced Balance Sheet Program. The company has also announced a program management, network issuer processor and servicer agreement with Tallied Technologies to deliver credit card products and processing solutions, where FinWise serves as issuing bank and provides compliance, risk oversight and credit enhanced balance sheet support.
Other news items cover payments and BIN sponsorship initiatives, the evolution of MoneyRails™ payments capabilities, and corporate milestones such as FinWise’s addition to the US small-cap Russell 2000® Index. Earnings call scheduling announcements and related investor presentation notices are also part of the regular news cycle.
By monitoring this FINW news feed, readers can track how FinWise’s strategic programs, fintech partnerships, lending portfolios and payments initiatives develop over time and how these factors are discussed in the company’s own communications.
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On April 20, 2023, FinWise Bancorp (NASDAQ: FINW) announced plans to report its first quarter 2023 financial results following the market close on April 27, 2023. The company will host a conference call at 5:30 PM ET to discuss these results. Investors can access the live webcast through the company's website. Interested parties are encouraged to join the call by dialing in 10 minutes before start time, using the toll-free number 1-877-423-9813 or the international number 1-201-689-8573. A replay of the call will be available for six months on their Investor Relations page.
FinWise Bancorp operates through its subsidiary, FinWise Bank, and serves consumers and small businesses across the nation from its headquarters in Murray, Utah, and a full-service location in Sandy, Utah.
FinWise Bancorp (NASDAQ: FINW) reported a net income of $6.5 million for Q4 2022, with diluted earnings per share at $0.49. Loan originations decreased to $1.2 billion from $1.5 billion in Q3 2022. The net interest income slightly rose to $12.6 million but is down from $15.3 million a year ago. The efficiency ratio rose to 45.6%, while the annualized return on average equity improved to 19.1%.
Despite a solid asset quality with non-performing loans at just 0.1%, the company’s net interest margin declined to 14.27% from 16.62% a year prior. Overall, FinWise shows mixed results amid economic challenges.
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