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FinWise (FINW)
NASDAQ:FINW
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.21Last Year’s EPS
$0.32Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2024
|% Change Since: 5.05%
|Next Earnings Date:Feb 19, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a generally positive outlook with significant growth in loan originations and strategic program expansions. However, there were some concerns regarding increased non-performing loans and a slight rise in the net charge-off rate. Overall, the company appears optimistic about its strategic initiatives and future prospects.Company Guidance
During the Q3 2024 earnings call for FinWise Bancorp, several key metrics and guidance were discussed, highlighting the company's positive trajectory. Loan originations increased to $1.4 billion, up from an average of $1.1 billion over the previous five quarters, signifying strong growth momentum. The company also reported an increase in tangible book value per share from $12.61 in the prior quarter to $12.90. Credit quality metrics showed a provision for credit losses at $2.2 million, down from $2.4 million in Q2, with a slight increase in net charge-offs to 2.3% from 1.9%. Strategic program loans, including new partnerships, contributed to this growth, and FinWise is optimistic about further market share expansion through product cross-selling. Nonperforming loans (NPLs) rose modestly to $30.6 million, with $17.8 million federally guaranteed. On the financial side, net interest income slightly increased to $14.8 million, though the net interest margin declined to 9.7% partly due to one-time adjustments. The company also managed to reduce growth in noninterest expenses, which stood at $14 million, and it anticipates further deceleration. The effective tax rate was around 25.1%, expected to hover at similar levels in Q4. Overall, with strategic initiatives progressing ahead of schedule, FinWise is positioned for an optimistic outlook into 2025.Increase in Loan Originations
Loan originations increased to $1.4 billion in Q3 2024, up from an average of $1.1 billion in the previous five quarters.
Strategic Program Expansion
Announced a new lending program, bringing the total to three new programs in 2024, including partnerships with leading fintech companies.
Growth in SBA Loan Originations
SBA 7(a) loan originations increased this quarter, indicating a positive trend with a 5.8% increase in guaranteed balances.
Improvement in Tangible Book Value
Tangible book value per common share increased to $12.90 from $12.61 in the previous quarter.
Increase in Noninterest Income
Noninterest income increased to $6.1 million in the quarter, driven by an increase in origination fees.
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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 |
|---|---|---|---|
| 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% |
| Jan 29, 2024 | $14.87 | $14.38 | -3.30% |
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 Feb 19, 2025, TBA Not Confirmed.
What is FinWise (FINW) earnings time?
FinWise (FINW) earnings time is at Feb 19, 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 2024 (Q4) is $0.21.
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