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FinWise (FINW)
NASDAQ:FINW
Earnings Data
Report Date
Jul 24, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.23Last Year’s EPS
0.24Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 30, 2025
|% Change Since: -6.08%
|Next Earnings Date:Jul 24, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive and negative aspects. While there was strong loan origination, asset growth, and strategic developments with new partnerships, challenges included a decline in the net interest margin, increased non-interest expenses, and a slight decline in the tangible shareholders equity to assets ratio. Overall, the highlights and lowlights were fairly balanced.Company Guidance
During FinWise Bancorp's first quarter 2025 earnings call, the company provided guidance on several key financial metrics and strategic initiatives. The call highlighted that loans originated totaled approximately $1.3 billion, with solid asset growth and improved credit quality as both non-performing loan (NPL) balances and net charge-offs decreased compared to the previous quarter. The company's tangible book value per share increased to $13.42 from $13.15 in the prior quarter. FinWise remains well-capitalized, with a tangible shareholders equity to assets ratio of 22%, down from 23.3% at year-end 2024, reflecting planned growth in assets. The company also announced a new strategic program agreement with fintech Bakkt, which will involve providing business installment loans to small and medium-sized businesses and integrating a credit-enhanced balance sheet program. For 2025, FinWise anticipates gradual growth progression, driven by existing and new program originations, with a significant contribution expected from the credit-enhanced balance sheet program in the second half of the year. The provision for credit losses was reduced to $3.3 million in Q1 from $3.9 million in the previous quarter, attributed to lower charge-offs. The net interest margin (NIM) declined to 8.27% from 10% in the prior quarter, impacted by a change in the mix of originations and lower rates on variable rate loans. The company expects the NIM to continue declining due to a strategic shift to lower-risk loans, although net interest income (NII) is projected to grow with recovery in origination volumes and portfolio growth. The effective tax rate is expected to be around 27.5% for 2025.Strong Loan Origination and Asset Growth
Loans originated totaled approximately $1.3 billion for the first quarter. Asset growth was solid, and credit quality saw improvement with declines in non-performing loan balances and net charge-offs compared to the previous quarter.
Tangible Book Value Increase
The tangible book value per common share increased to $13.42 from $13.15 in the previous quarter.
New Strategic Program with Bakkt
FinWise announced a new strategic program agreement with fintech Bakkt to provide business installment loans to small and medium-sized businesses.
SBA Loan Growth and Strategy
Despite a slight decrease in SBA 7(a) loan originations, the bank saw growth in equipment leasing and owner-occupied commercial real estate lines. The SBA guaranteed balances and strategic program loans held-for-sale made up 44% of the total portfolio at the end of Q1.
Decrease in Provision for Credit Losses
The provision for credit losses was $3.3 million in Q1, a decrease from $3.9 million in the prior quarter, driven by lower charge-offs.
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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 |
|---|---|---|---|
| Apr 30, 2025 | $15.12 | $14.55 | -3.77% |
| 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% |
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 Jul 24, 2025, TBA Not Confirmed.
What is FinWise (FINW) earnings time?
FinWise (FINW) earnings time is at Jul 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 (Q2) is 0.23.
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