Finwise Bancorp reports results for the quarter ended in June - Earnings Summary

Finwise Bancorp

28/07/2023 03:51

* Finwise Bancorp  FINW.OQ  reported quarterly adjusted
earnings
of 36 cents​​ per share for the quarter ended in June. The mean
expectation of two analysts for the quarter was for earnings of
18 cents per share.
    * Revenue fell 12% to $18.66 million from a year ago;
analysts
expected $15.66 million. 
    * Finwise Bancorp's reported EPS for the quarter was 36
cents​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Finwise Bancorp shares had held steady so far this
quarter and
lost 3.3% so far this year.
    * The company reported quarterly net income of $4.64
million.
    * Wall Street's median 12-month price target for Finwise
Bancorp
is $10.00 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
28 at 02:50 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.18           0.36           Beat
 Mar. 31 2023      0.31           0.29           Missed
 Dec. 31 2022      0.43           0.49           Beat
 Sep. 30 2022      0.36           0.27           Missed