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FinWise (FINW)
NASDAQ:FINW
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.25Last Year’s EPS
0.25Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 30, 2025
|% Change Since: 15.82%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a positive sentiment overall, with significant loan origination growth, a strong capital position, and successful diversification through new strategic programs. However, challenges remain with increases in nonperforming loans and credit losses, as well as a notable noncore reduction in income.Company Guidance
During the FinWise Bancorp Fourth Quarter 2024 Earnings Conference Call, management provided several key metrics and guidance for 2025. The company originated $1.3 billion in loans in Q4 2024, bringing total originations for the fiscal year to $5 billion, a 16% increase from the previous year. They highlighted the addition of four new lending programs, including two with a credit enhancement product, contributing to their strategic revenue diversification. The provision for credit losses was $3.9 million in Q4, with nonperforming loan balances totaling $36.4 million, of which $19.2 million is federally guaranteed. FinWise expects gradual growth in its credit enhancement solution and BIN Sponsorship and payments initiatives in 2025. The company aims for a $50 million to $100 million increase in credit-enhanced balances by year-end 2025 and is focused on generating positive operating leverage, with an efficiency ratio of 64.2% reported for Q4.Record Loan Originations
FinWise Bancorp originated $1.3 billion in loans during the fourth quarter, bringing total originations for fiscal year 2024 to $5 billion, marking a 16% increase compared to $4.3 billion in the prior year.
Strong Capital Position
At the bank level, FinWise remains well capitalized significantly above federal regulatory standards.
New Strategic Programs
In 2024, FinWise added 4 new lending programs, 1 payments program, and 1 credit card program, with momentum continuing to build in the pipeline of new programs.
Growth in SBA 7(a) Loan Originations
SBA 7(a) loan originations increased in Q4 versus Q3, with a sequential quarter increase of 1.5% in SBA guaranteed balances.
Efficiency Improvement
The efficiency ratio improved to 64.2% from 67.5% in the prior quarter due to a decline in noninterest expenses.
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FINW Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FINW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 30, 2025 | $16.62 | $18.53 | +11.49% |
| Oct 24, 2024 | $16.05 | $16.06 | +0.06% |
| Jul 25, 2024 | $11.76 | $12.32 | +4.76% |
| Apr 29, 2024 | $10.73 | $10.61 | -1.12% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does FinWise (FINW) report earnings?
FinWise (FINW) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is FinWise (FINW) earnings time?
FinWise (FINW) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FINW EPS forecast?
FINW EPS forecast for the fiscal quarter 2025 (Q1) is 0.25.
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