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Finwise Bancorp reports results for the quarter ended June 30 - Earnings Summary

Finwise Bancorp FINW.OQ reported quarterly adjusted earnings of 29 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 24 cents.  The mean expectation of four analysts for the quarter was for earnings of 22 cents per share. Wall Street expected results to range from 20 cents to 24 cents per share.

Revenue rose 32.7% to $25.07 million from a year ago; analysts expected $22.06 million.

Finwise Bancorp's reported EPS for the quarter was 29 cents​.

The company reported quarterly net income of $4.1 million.

Finwise Bancorp shares had risen by 7.5% this quarter and gained 0.9% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 13.6% in the last three months.​

In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "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, about 19.4% above its last closing price of $16.13

This summary was machine generated from LSEG data July 24 at 09:01 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 ENDINGESTIMATEACTUALBEAT, MET, MISSED
Jun. 30 20250.220.29Beat
Mar. 31 20250.260.23Missed
Dec. 31 20240.200.20Met
Sep. 30 20240.210.25Beat

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