Finwise Bancorp reports results for the quarter ended December 31 - Earnings Summary

Finwise Bancorp

30/01/2025 22:01

* Finwise Bancorp  FINW.OQ  reported quarterly adjusted
earnings
of 20 cents​​ per share for the quarter ended December 31, lower
than the same quarter last year, when the company reported EPS
of 32 cents.  The mean expectation of three analysts for the
quarter was for earnings of 20 cents per share. Wall Street
expected results to range from 17 cents to 23 cents per share.
    * Revenue rose 3.6% to $21.13 million from a year ago;
analysts
expected $20.65 million. 
    * Finwise Bancorp's reported EPS for the quarter was 20
cents​.
    * The company reported quarterly net income of $2.79
million.
    * Finwise Bancorp shares had risen by 1.6% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 13%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for Finwise Bancorp
is $20.00 
This summary was machine generated from LSEG data January 30 at
10:01 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.20           0.20           Met
 Sep. 30 2024      0.21           0.25           Beat
 Jun. 30 2024      0.19           0.24           Beat
 Mar. 31 2024      0.23           0.25           Beat