FinWise Bancorp (NASDAQ:FINW) Q4 2022 Earnings Call Transcript

Andrew Terrell: Okay. Got it. And then last one for me, just on the SBA gain on sale. I think once I make the $2.3 million adjustment this quarter, I get the run rate of call it $1.9 million or so for the fourth quarter. I guess just with incremental SBA loan retention, I presume going forward. Is that a fair way to think about the quarterly cadence of SBA gain on sale income throughout 2023 that kind of $1.9 million level?

Javvis Jacobson: So Andrew, we’re not giving the forward guidance, but I think that you can look at our trend and see that it is declining quarter-over-quarter and has been declining quarter-over-quarter. And as the interest rates continue to increase, we saw another bump in the interest rate for that portfolio on the first of January 2023, it just makes it that much more compelling to retain those loans without selling them.

Andrew Terrell: Okay. Understood. All right. Thanks for taking the questions and I’ll step back.

Operator: There are no further questions at this time. And this will conclude today’s conference. You may disconnect your lines at this time. And thank you for your participation.

Kent Landvatter: Thank you.