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

Finwise Bancorp

27/10/2023 22:06

* Finwise Bancorp  FINW.OQ  reported quarterly adjusted
earnings
of 37 cents​​ per share for the quarter ended in September. The
mean expectation of two analysts for the quarter was
for earnings of 24 cents per share.
    * Revenue fell 17.3% to $16.57 million from a year ago;
analysts
expected $17.48 million. 
    * Finwise Bancorp's reported EPS for the quarter was 37
cents​.
    * The mean earnings estimate of analysts had fallen by
about 2% 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 fallen by 1.6% this quarter and
lost 8.2% so far this year.
    * The company reported quarterly net income of $4.8 million.
    * Wall Street's median 12-month price target for Finwise
Bancorp
is $11.00 
    * 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
October 27 at 09:06 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.24           0.37           Beat
 Jun. 30 2023      0.18           0.36           Beat
 Mar. 31 2023      0.31           0.29           Missed
 Dec. 31 2022      0.43           0.49           Beat