FinWise Bancorp (NASDAQ:FINW) Announces Quarterly Earnings Results

FinWise Bancorp (NASDAQ:FINW) posted its quarterly earnings data on Thursday. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.17 by $0.07, Zacks reports. FinWise Bancorp had a return on equity of 9.91% and a net margin of 16.64%. The company had revenue of $23.26 million during the quarter, compared to analyst estimates of $19.49 million. During the same period in the previous year, the business earned $0.35 EPS.

FinWise Bancorp Trading Up 4.7 %

NASDAQ:FINW traded up $0.55 during trading hours on Friday, hitting $12.32. 86,407 shares of the stock were exchanged, compared to its average volume of 7,908. FinWise Bancorp has a 52-week low of $8.31 and a 52-week high of $14.98. The firm’s fifty day moving average price is $10.57 and its 200 day moving average price is $10.85. The company has a market cap of $157.51 million, a P/E ratio of 9.55 and a beta of 0.67.

FinWise Bancorp Company Profile

FinWise Bancorp operates as the bank holding company for FinWise Bank that provides various banking products and services to individual and corporate customers in Utah. The company offers various deposit products, including interest and noninterest bearing demand accounts, health savings account demand deposits, NOW and money market accounts, and checking and savings accounts, as well as time deposits and certificates of deposits.