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

Finwise Bancorp

25/07/2024 23:51

* Finwise Bancorp  FINW.OQ  reported quarterly adjusted
earnings
of 24 cents​​ per share for the quarter ended in June, lower
than the same quarter last year, when the company reported EPS
of 36 cents.  The mean expectation of two analysts for the
quarter was for earnings of 19 cents per share. Wall Street
expected results to range from 17 cents to 20 cents per share.
    * Revenue rose 1.2% to $18.88 million from a year ago;
analysts
expected $19.45 million. 
    * Finwise Bancorp's reported EPS for the quarter was 24
cents​.
    * The company reported quarterly net income of $3.18
million.
    * Finwise Bancorp shares had risen by 16.4% this quarter and
lost 17.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 19.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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." 
    * The average consensus recommendation for the banks peer
group is
 "buy."

Wall Street's median 12-month price target for Finwise Bancorp
is $13.50 
This summary was machine generated from LSEG data July 25 at
10:51 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
 Jan. 1 0001       0.19           0.24           Beat
 Mar. 31 2024      0.23           0.25           Beat
 Dec. 31 2023      0.31           0.32           Beat
 Sep. 30 2023      0.24           0.37           Beat