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.
FinWise Bancorp (FINW) combines traditional banking expertise with fintech innovation, offering strategic lending programs and API-driven financial solutions. This news hub provides investors and industry professionals with authoritative updates on the company's evolving operations.
Access timely press releases covering earnings results, regulatory milestones, fintech partnerships, and product developments. Our curated collection enables you to track FINW's SBA lending initiatives, commercial loan portfolio performance, and payments infrastructure enhancements.
Discover updates on risk management practices, credit enhancement programs, and strategic collaborations that shape FinWise's position in the banking sector. All content maintains strict compliance with financial disclosure standards, serving as a reliable resource for investment research and market analysis.
Bookmark this page for continuous access to FINW's official announcements. Combine our news archive with SEC filings and earnings transcripts for comprehensive due diligence on this innovative financial services provider.
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.
FinWise Bancorp (NASDAQ: FINW) will announce its fourth quarter and full year 2022 results on January 25, 2023, following the market's close. A conference call is scheduled for 5:30 PM ET that day, with a dial-in number for participants. A live webcast will be accessible on their website, along with a playback option available for six months afterwards. As a Utah bank holding company, FinWise aims to deliver innovative lending solutions leveraging strategic partnerships and advanced technology.
FinWise Bancorp (NASDAQ: FINW) reported a net income of $3.7 million for Q3 2022, a decline from $5.5 million in Q2 2022 and $8.4 million in Q3 2021. Loan originations totaled $1.5 billion, down from $2.1 billion in the previous quarter. Net interest income decreased to $12.5 million compared to $12.8 million in Q2 2022. The diluted earnings per share were $0.27, lower than $0.41 the previous quarter. The efficiency ratio improved to 42.3%. The company's total assets increased to $385.6 million.
FAQ
What is the current stock price of Finwise Bancorp (FINW)?
What is the market cap of Finwise Bancorp (FINW)?
