FinWise Bancorp (NASDAQ:FINW) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

FinWise Bancorp (NASDAQ:FINW) issued its earnings results on Monday. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.20 by $0.05, Yahoo Finance reports. The company had revenue of $23.11 million during the quarter, compared to analysts’ expectations of $19.68 million. FinWise Bancorp had a net margin of 18.63% and a return on equity of 11.20%. During the same period in the previous year, the company earned $0.29 EPS.

FinWise Bancorp Price Performance

FINW stock traded down $0.11 during trading on Wednesday, reaching $10.50. 9,379 shares of the company were exchanged, compared to its average volume of 23,726. The company has a 50-day moving average of $9.89 and a two-hundred day moving average of $11.20. The company has a market capitalization of $134.61 million, a price-to-earnings ratio of 8.22 and a beta of 0.76. FinWise Bancorp has a twelve month low of $7.61 and a twelve month high of $14.98.

Analyst Upgrades and Downgrades

Separately, Piper Sandler boosted their target price on shares of FinWise Bancorp from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Tuesday, January 30th.

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.