Finwise Bancorp Revenue Disclosure
|
|
For the Years Ended December 31,
|
|||||||
|
($ in thousands)
|
2022
|
2021
|
||||||
|
Interest income
|
||||||||
|
Interest income, not-in-scope
|
||||||||
|
Interest and fees on loans
|
$
|
50,941
|
$
|
49,135
|
||||
|
Interest on securities
|
208
|
47
|
||||||
|
Other interest income
|
1,180
|
61
|
||||||
|
Total interest income
|
$
|
52,329
|
$
|
49,243
|
||||
|
Non-interest income
|
||||||||
|
Non-interest income, in-scope
|
||||||||
|
Service charges on deposit accounts
|
$
|
30
|
$
|
31
|
||||
|
Strategic Program set up fees
|
195
|
96
|
||||||
|
Strategic Program fees
|
21,438 | 17,119 | ||||||
|
Non-interest income, not in-scope
|
||||||||
|
Gain on sale of loans, net
|
13,550
|
9,689
|
||||||
|
SBA loan servicing fees
|
1,603
|
1,156
|
||||||
|
Unrealized gain on investment in BFG
|
(478
|
)
|
2,991
|
|||||
|
Other miscellaneous income
|
239
|
18
|
||||||
|
Strategic Program service charges
|
834
|
744
|
||||||
|
Total non-interest income
|
$
|
37,411
|
$
|
31,844
|
||||
Want the next Finwise Bancorp revenue disclosure the moment it drops?
Set a Sentinel and we'll alert you the moment Finwise Bancorp's next filing hits EDGAR. No credit card, your email never gets sold.
About Revenue Disclosures
Revenue disclosures under ASC 606 explain how a company identifies performance obligations, allocates transaction prices, and determines when revenue is recognized. This section is essential for understanding whether reported revenue reflects genuine economic activity or aggressive accounting choices. Analysts examine the mix of point-in-time versus over-time recognition, which directly affects revenue timing and comparability.
Key signals: rising contract liabilities (deferred revenue) suggest strong future revenue visibility, while declining contract assets may indicate slowing project milestones. Watch for variable consideration estimates — rebates, returns, and performance bonuses that require management judgment. Significant changes in disaggregated revenue by geography or product line can reveal shifting business mix before it appears in headline numbers. Compare revenue growth against contract liability growth to assess sustainability, and scrutinize any changes in the timing of recognition that coincide with earnings pressure.