Finwise Bancorp reports results for the quarter ended March 31 - Earnings Summary

• Finwise Bancorp FINW.OQ reported quarterly adjusted earnings of 23 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 25 cents. The mean expectation of four analysts for the quarter was for earnings of 26 cents per share. Wall Street expected results to range from 22 cents to 27 cents per share.

• Revenue rose 17.2% to $22.09 million from a year ago; analysts expected $22.63 million.

• Finwise Bancorp's reported EPS for the quarter was 23 cents​.

• The company reported quarterly net income of $3.19 million.

• Finwise Bancorp shares had fallen by 11.3% this quarter and lost 2.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 44.3% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy"

• Wall Street's median 12-month price target for Finwise Bancorp is $20.50

This summary was machine generated from LSEG data May 1 at 01:12 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)