2023-01-25 23:35:05

FinWise Bancorp (FINW) Surpasses Q4 Earnings and Revenue Estimates

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Nasdaq
By Zacks

FinWise Bancorp (FINW) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.90 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 8.89%. A quarter ago, it was expected that this company would post earnings of $0.36 per share when it actually produced earnings of $0.27, delivering a surprise of -25%.

Over the last four quarters, the company has surpassed consensus EPS estimates two times.

FinWise Bancorp, which belongs to the Zacks Banks - Southwest industry, posted revenues of $22.42 million for the quarter ended December 2022, surpassing the Zacks Consensus Estimate by 8.58%. This compares to year-ago revenues of $24.4 million. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

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