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

Finwise Bancorp

27/04/2023 22:43

* Finwise Bancorp  FINW.OQ  reported quarterly adjusted
earnings
of 29 cents​​ per share for the quarter ended in March. The mean
expectation of two analysts for the quarter was for earnings of
31 cents per share.
    * Revenue fell 35.4% to $16.63 million from a year ago;
analysts
expected $18.69 million. 
    * Finwise Bancorp's reported EPS for the quarter was 29
cents​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Finwise Bancorp shares had fallen by 0.0% this quarter and
lost 4.9% so far this year.
    * The company reported quarterly net income of $3.86
million.
    * Wall Street's median 12-month price target for Finwise
Bancorp
is $10.75 
    * 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
April 27 at 09:43 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.31           0.29           Missed
 Dec. 31 2022      0.43           0.49           Beat
 Sep. 30 2022      0.36           0.27           Missed
 Jun. 30 2022      0.57           0.41           Missed