FinWise Bancorp Third Quarter 2024 Earnings: Beats Expectations

Simply Wall St.10-26

FinWise Bancorp (NASDAQ:FINW) Third Quarter 2024 Results Key Financial Results Revenue: US$18.7m (up 13% from 3Q 2023). Net income: US$3.45m (down 27% from 3Q 2023). Profit margin: 19% (down from 28%...

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The decrease in margin was driven by higher expenses.NasdaqGM:FINW Earnings and Revenue Growth October 26th 2024. All figures shown in the chart above are for the trailing 12 month  period. Revenue exceeded analyst estimates by 1.7%. Earnings per share  also surpassed analyst estimates by 19%.Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Banks industry in the US.The company's share price is broadly unchanged from a week ago.You should always think about risks. Case in point, we've spotted   2 warning signs for FinWise Bancorp  you should be aware of.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"FINW":"Finwise Bancorp"},"translate_title":"FinWise Bancorp 2024年第三季度收益：超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FINW":0.9},"content_text":"FinWise Bancorp (NASDAQ:FINW) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$18.7m (up 13% from 3Q 2023).\nNet income: US$3.45m (down 27% from 3Q 2023).\nProfit margin: 19% (down from 28% in 3Q 2023). The decrease in margin was driven by higher expenses.\nEPS: US$0.27 (down from US$0.38 in 3Q 2023).\n\n\n\n\n  NasdaqGM:FINW Earnings and Revenue Growth October 26th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nFinWise Bancorp Revenues and Earnings Beat Expectations\n Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 19%. \n Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Banks industry in the US. \nPerformance of the American Banks industry.\n The company's share price is broadly unchanged from a week ago. \nRisk Analysis\n You should always think about risks. Case in point, we've spotted   2 warning signs for FinWise Bancorp  you should be aware of. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2478735749"}