Earnings Releases·Oct 27, 2026, 4:10 PM ET

Finward Bancorp — Third Quarter 2026 Earnings Summary

Net income available to common stockholders declined to $1.4 million ($0.31 diluted EPS) from $2.1 million ($0.48 diluted EPS) in the prior quarter, driven by a 14.3% increase in total non-interest expense to $16.983 million due to merger-related costs.
Net interest income rose 5.0% to $15.942 million and net interest margin expanded to 3.51% from 3.37%, while tangible book value per share fell to $31.07 from $35.75 and return on equity dropped to 3.10% from 4.74%.
Management confirmed progress toward closing the merger with First Financial, noting a seamless transition is the priority, though no specific forward-looking financial guidance or quantitative targets were provided.
Total deposits increased 1.5% to $1.76 billion and aggregate loans remained flat at $1.50 billion, while non-performing loans rose slightly to $1.12% of total loans and net loan charge-offs were $240,000.
The company declared a $0.12 per share dividend, recorded an $182,000 gain on the sale of a branch, and maintained a Tier 1 leverage ratio of 9.29% with $623 million in available liquidity.