FINW stock icon

FinWise Bancorp

16.10 USD
-0.04
0.25%
At close Oct 21, 4:00 PM EDT
1 day
-0.25%
5 days
0.81%
1 month
8.27%
3 months
38.20%
6 months
51.89%
Year to date
10.35%
1 year
87.43%
5 years
26.47%
 

About: FinWise Bancorp is an independent bank that provides a full range of banking services to individual and corporate customers. The bank's primary source of revenue is from loans including Small Business Administration, commercial, commercial real estate, residential real estate, and consumer. The Bank also has established Strategic Programs with various third-party loan origination platforms that use technology to streamline the origination of unsecured consumer and secured or unsecured business loans to borrowers within certain approved credit profiles.

Employees: 162

0
Funds holding %
of 6,740 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

4% more capital invested

Capital invested by funds: $28.7M [Q1] → $29.8M (+$1.08M) [Q2]

0.53% more ownership

Funds ownership: 22.27% [Q1] → 22.8% (+0.53%) [Q2]

6% less funds holding

Funds holding: 32 [Q1] → 30 (-2) [Q2]

43% less repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 14

50% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 4

Research analyst outlook

We haven’t received any recent analyst ratings for FINW.

Financial journalist opinion

Based on 7 articles about FINW published over the past 30 days

Neutral
GlobeNewsWire
2 months ago
FinWise Bancorp Reports Second Quarter 2024 Results
- Net Income of $3.2 Million for Second Quarter of 2024 - - Diluted Earnings Per Share of $0.24 for Second Quarter of 2024 - MURRAY, Utah, July 25, 2024 (GLOBE NEWSWIRE) -- FinWise Bancorp (NASDAQ: FINW) (“FinWise” or the “Company”), parent company of FinWise Bank (the “Bank”), today announced results for the quarter ended June 30, 2024. Second Quarter 2024 Highlights Loan originations were $1.2 billion, compared to $1.1 billion for the quarter ended March 31, 2024, and $1.2 billion for the second quarter of the prior year Net interest income was $14.6 million, compared to $14.0 million for the quarter ended March 31, 2024, and $13.7 million for the second quarter of the prior year Net Income was $3.2 million, compared to $3.3 million for the quarter ended March 31, 2024, and $4.6 million for the second quarter of the prior year Diluted earnings per share (“EPS”) were $0.24 for the quarter, compared to $0.25 for the quarter ended March 31, 2024, and $0.35 for the second quarter of the prior year Efficiency ratio was 66.3%, compared to 60.6% for the quarter ended March 31, 2024, and 52.7% for the second quarter of the prior year (1) Annualized return on average equity (“ROAE”) was 7.9%, compared to 8.4% in the quarter ended March 31, 2024, and 12.8% in the second quarter of the prior year Nonperforming loans were $27.9 million as of June 30, 2024, compared to $26.0 million as of March 31, 2024, and $1.9 million as of the second quarter of the prior year of which $15.8 million, $14.8 million, and $1.1 million as of June 30, 2024, March 31, 2024, and June 30, 2023, respectively, were guaranteed by the Small Business Administration (“SBA”).
FinWise Bancorp Reports Second Quarter 2024 Results
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