FinWise Bancorp (NASDAQ:FINW) Posts Earnings Results, Beats Estimates By $0.07 EPS

FinWise Bancorp (NASDAQ:FINW) announced its quarterly earnings results on Thursday. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.07, Zacks reports. The company had revenue of $23.26 million for the quarter, compared to analysts’ expectations of $19.49 million. FinWise Bancorp had a net margin of 16.64% and a return on equity of 9.91%. During the same period last year, the firm posted $0.35 earnings per share.

FinWise Bancorp Price Performance

Shares of NASDAQ FINW traded up $0.55 during midday trading on Friday, reaching $12.32. 86,407 shares of the stock were exchanged, compared to its average volume of 7,908. The business has a 50-day simple moving average of $10.57 and a two-hundred day simple moving average of $10.85. The company has a market capitalization of $157.51 million, a price-to-earnings ratio of 9.55 and a beta of 0.67. FinWise Bancorp has a 12 month low of $8.31 and a 12 month high of $14.98.

About FinWise Bancorp

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.