Welcome to our dedicated page for Finward Bancorp news (Ticker: FNWD), a resource for investors and traders seeking the latest updates and insights on Finward Bancorp stock.
Finward Bancorp (FNWD) provides essential financial services through its Peoples Bank subsidiary, serving individuals and businesses with personal banking, wealth management, and commercial lending solutions. This news hub offers investors and stakeholders timely updates on corporate developments directly impacting financial performance and strategic direction.
Access authoritative coverage of earnings announcements, regulatory filings, and operational milestones. Our curated collection includes press releases about product innovations, leadership appointments, and community initiatives – all critical for assessing the company's position in the banking sector.
Key updates across three core areas: financial results (quarterly earnings, dividend declarations), strategic moves (technology investments, service expansions), and regulatory compliance (capital adequacy reports, risk management enhancements). Each piece maintains factual accuracy while contextualizing developments within broader industry trends.
Bookmark this page for streamlined access to FNWD's official communications. Combine regular monitoring with our historical archive to track evolving patterns in loan portfolio performance, deposit growth strategies, and digital banking adoption rates.
Finward Bancorp reported net income of $456 thousand ($0.11 per diluted share) for Q1 2025, showing a significant decrease from $2.1 million in Q4 2024 and $9.3 million in Q1 2024. The bank's performance showed mixed results with:
Net interest margin improved to 2.81% from 2.65% in the previous quarter, driven by reduced deposit and borrowing costs. Total deposits stood at $1.8 billion, with 72% fully FDIC insured. The loan portfolio remained stable at $1.5 billion, with 62.6% in commercial-related credits.
Asset quality improved with non-performing loans decreasing to $12.5 million (0.84% of total loans) from $13.7 million. The allowance for credit losses increased to $17.9 million (1.20% of total loans). The bank maintains strong liquidity with $697 million available through FHLB and Federal Reserve facilities. Capital remains adequate with a tier 1 capital ratio of 8.48%.
Finward Bancorp (Nasdaq: FNWD), the holding company for Peoples Bank, has announced a quarterly dividend payment. The company's Board of Directors declared a dividend of $0.12 per share on April 9, 2025. The dividend will be payable on May 12, 2025 to shareholders who are on record at the close of business on April 28, 2025.
Finward Bancorp (FNWD) reported net income of $12.1 million ($2.84 per diluted share) for the year ended December 31, 2024, up from $8.4 million ($1.96 per diluted share) in 2023. Fourth quarter 2024 net income was $2.1 million ($0.49 per diluted share), compared to $606,000 in Q3 2024 and $1.5 million in Q4 2023.
The bank's net interest margin improved to 2.65% in Q4 2024 from 2.51% in Q3 2024, driven by increased loan portfolio yields and reduced deposit costs. Total deposits reached $1.8 billion, with 72% fully FDIC insured. The loan portfolio remained stable at $1.5 billion, with commercial-related credits comprising 63% of total loans.
Asset quality metrics showed non-performing loans at $13.7 million (0.91% of total loans). The bank recorded a net negative provision for credit loss of $579,000 in Q4 2024, while net charge-offs totaled $2.2 million. The tier 1 capital ratio improved to 8.46% from 8.38% in Q3 2024.
Finward Bancorp (FNWD) has announced its fourth quarter dividend declaration. The Board of Directors declared a dividend of $0.12 per share on December 20, 2024. The dividend will be payable on February 3, 2025 to shareholders of record at the close of business on January 21, 2025. Finward Bancorp is the holding company for Peoples Bank.
Finward Bancorp (FNWD) reported net income of $10.0 million ($2.35 per diluted share) for the nine months ended September 30, 2024, compared to $6.9 million ($1.60 per diluted share) in the prior year. Third quarter 2024 net income was $606,000 ($0.14 per share), up from $143,000 in Q2 2024 but down from $2.2 million in Q3 2023. The bank maintained stable margins with a tax-adjusted net interest margin of 2.67%. Total deposits were $1.7 billion, with core deposits representing 67.9%. The loan portfolio remained at $1.5 billion, with 62.6% in commercial-related credits.
Finward Bancorp (Nasdaq: FNWD), the holding company for Peoples Bank, has announced a dividend of $0.12 per share on its common stock. The dividend was declared by the Board of Directors on September 20, 2024 and will be payable on October 31, 2024 to shareholders of record at the close of business on October 18, 2024. This announcement demonstrates Finward's commitment to providing returns to its shareholders and may be seen as a positive indicator of the company's financial health and confidence in its future performance.
Finward Bancorp (Nasdaq: FNWD), the holding company for Peoples Bank, has announced the appointment of three new directors to its Board, effective September 9, 2024. Martin P. Alwin, Jennifer R. Evans, and Carolyn M. Burke bring extensive experience in financial institutions, including balance sheet management, enterprise risk management, and strategic initiatives.
Mr. Alwin will serve as a Class I director until 2025, Ms. Evans as a Class II director until 2026, and Ms. Burke as a Class III director until 2027. The Board size has been increased from 10 to 11 directors to accommodate these appointments. These changes aim to strengthen Finward's leadership and contribute to achieving its strategic goals.
Finward Bancorp (Nasdaq: FNWD) has issued corrections to its Q2 2024 earnings report. Key updates include:
- Net income of $9.4 million ($2.21 per diluted share) for H1 2024
- Q2 2024 net income of $143,000 ($0.03 per diluted share)
- Net interest margin improved to 2.54% in Q2 2024
- Deposits increased 0.5% to $1.8 billion
- Loan portfolio stable at $1.5 billion
- Non-performing loans decreased 3.8% to $11.4 million
- Allowance for credit losses at 1.22% of total loans
The bank maintains a strong liquidity position with $585 million available. Operating expenses decreased, and the bank remains focused on efficiency improvements. Capital ratios remain within regulatory requirements, with a tier 1 capital ratio of 8.32%.
Finward Bancorp (Nasdaq: FNWD) reported net income of $9.4 million, or $2.21 per diluted share, for the six months ended June 30, 2024, compared to $4.7 million, or $1.10 per diluted share, for the same period in 2023. For Q2 2024, net income was $143,000, or $0.03 per diluted share, down from $2.4 million, or $0.57 per diluted share, in Q2 2023.
Key highlights include:
- Net interest margin improved to 2.54% in Q2 2024 from 2.42% in Q1 2024
- Deposits increased by 0.5% to $1.8 billion
- Loan portfolio remained stable at $1.5 billion
- Non-performing loans decreased by 3.8% to $11.4 million
- Tier 1 capital ratio improved to 8.32%
Finward Bancorp (Nasdaq: FNWD) announced a $0.12 per share dividend for the second quarter of 2024, payable on August 1, 2024. Shareholders must be recorded by July 19, 2024, to receive the dividend. According to CEO Benjamin J. Bochnowski, Peoples Bank, Finward's holding, remains well-capitalized with a notable increase in capital over the past year. The Board of Directors will continue reviewing the dividend every quarter.
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