FinWise Q4 EPS $0.32 Beats $0.31 Estimate, Sales $20.40M Beat $18.82M Estimate
Portfolio Pulse from mahesh@benzinga.com
FinWise Bancorp (NASDAQ: FINW) reported Q4 earnings of $0.32 per share, surpassing the consensus estimate of $0.31 by 3.23%. However, this represents a 34.69% decrease from the previous year's earnings of $0.49 per share. The company's quarterly sales were $20.40 million, exceeding estimates of $18.82 million by 8.41%, but marking a 9.00% decline from the $22.42 million reported in the same period last year.
January 29, 2024 | 10:22 pm
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FinWise Bancorp reported higher-than-expected Q4 earnings and sales, but both earnings and sales have decreased compared to last year.
While FinWise Bancorp exceeded analyst expectations for the quarter, the year-over-year decline in both earnings and sales may temper investor enthusiasm. The mixed results could lead to a neutral short-term impact on the stock price as positive reactions to beating estimates may be offset by concerns over the year-over-year declines.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100