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Finward Bancorp - FNWD STOCK NEWS

Welcome to our dedicated news page for Finward Bancorp (Ticker: FNWD), a resource for investors and traders seeking the latest updates and insights on Finward Bancorp.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Finward Bancorp's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Finward Bancorp's position in the market.

News
Finward Bancorp Announces Earnings for the Quarter Ended March 31, 2024
Rhea-AI Summary
Finward Bancorp reported a significant increase in net income available to common stockholders for the quarter ended March 31, 2024, compared to the same period last year. The boost in profitability was mainly attributed to a pre-tax non-interest income gain from a sale-leaseback transaction. Key performance metrics showed improvements in return on equity, return on assets, and efficiency ratio. The Bancorp's management focused on strategic initiatives, resulting in successful execution of the transaction. Despite an increase in non-interest expenses, the company remains committed to reducing costs. Highlights included changes in net interest margin, funding sources, securities portfolio, gain on sale of loans, commercial lending, and asset quality. Capital adequacy and the sale-leaseback transaction with MountainSeed Real Estate Services, were also significant developments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.44%
Tags
earnings
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News
BENJAMIN SCHMITT APPOINTED SENIOR VICE PRESIDENT, CHIEF FINANCIAL OFFICER OF FINWARD BANCORP AND PEOPLES BANK
Rhea-AI Summary
Finward Bancorp (Nasdaq: FNWD) appoints Benjamin Schmitt as Senior Vice President, Chief Financial Officer, and Treasurer, showcasing his extensive experience in investment banking and corporate advisory roles. Mr. Schmitt will oversee finance, accounting, financial reporting, and shareholder services, aligning with Finward's strategic plan for excellence and leadership.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.85%
Tags
none
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News
Finward Bancorp Announces Earnings For the Twelve Months and Quarter Ended December 31, 2023
Rhea-AI Summary
Finward Bancorp (FNWD) announced a decrease in net income available to common stockholders, with a decline from $15.1 million in 2022 to $8.4 million in 2023. The net interest margin also decreased to 2.83% from 3.56% in the same period. However, the Bancorp remains well-capitalized, with a tier 1 capital to adjusted average assets ratio of 7.8% and a tangible book value per share of $28.31. The company is optimistic about the future, focusing on customer initiatives and efficiency improvements.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.26%
Tags
earnings
News
FINWARD BANCORP ANNOUNCES FOURTH QUARTER DIVIDEND
Rhea-AI Summary
Finward Bancorp (Nasdaq: FNWD) announced a dividend of $0.12 per share for the fourth quarter of 2023, lower than the previous quarter. Benjamin Bochnowski, chairman and CEO, stated that the decision to lower the dividend is to accelerate capital build-up, strengthen the company, and improve the balance sheet. Peoples Bank remains well-capitalized, and the Board of Directors is committed to building shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.51%
Tags
dividends
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News
Finward Bancorp Announces Earnings for the Nine Months and Quarter Ended September 30, 2023
Rhea-AI Summary
Finward Bancorp (Nasdaq: FNWD) reported net income of $6.9 million for the nine months ended September 30, 2023, compared to $11.1 million in the prior year. For the quarter ended September 30, 2023, net income was $2.2 million. Selected performance metrics showed a decrease in net interest margin and an increase in non-performing loans. The Bank's liquidity position remains strong.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.66%
Tags
earnings
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News
FINWARD BANCORP ANNOUNCES THIRD QUARTER DIVIDEND
Rhea-AI Summary
Finward Bancorp declares dividend of $0.31 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.98%
Tags
dividends
News
Finward Bancorp Announces Earnings for the Six and Three Months Ended June 30, 2023
Rhea-AI Summary
Finward Bancorp (Nasdaq: FNWD) reported net income available to common stockholders of $4.7 million, or $1.09 per diluted share, for the six months ended June 30, 2023, compared to $6.6 million, or $1.59 per diluted share, for the same period last year. For the three months ended June 30, 2023, net income was $2.4 million, or $0.57 per diluted share, compared to $4.4 million, or $1.04 per share, for the same period in 2022. The net interest margin for the six months ended June 30, 2023, was 2.98%, compared to 3.50% for the same period last year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.3%
Tags
earnings
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News
DAVID J. KWAIT APPOINTED SENIOR VICE PRESIDENT, GENERAL COUNSEL, CORPORATE SECRETARY, AND CHIEF RISK OFFICER OF FINWARD BANCORP AND PEOPLES BANK
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.41%
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none
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News
FINWARD BANCORP ANNOUNCES SECOND QUARTER DIVIDEND
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.98%
Tags
dividends
News
Finward Bancorp Announces Earnings for the Quarter Ended March 31, 2023
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.2%
Tags
earnings
Stock FNWD logo
Finward Bancorp

Nasdaq:FNWD

FNWD Rankings

#4226 Ranked by Market Cap
#4404 Ranked by Stock Gains
#1432 Ranked by Dividends

FNWD Stock Data

105.22M
2.94M
13.32%
33.01%
0.14%
Savings Institutions
Finance and Insurance
Link
United States
Munster

About FNWD

for over 100 years, peoples bank has maintained a philosophy of commitment to the customer, a belief that has allowed peoples bank to thrive and continue to serve the people of northwest indiana. it’s the same philosophy that drives peoples now as it did in 1910 when the bank first opened for business. today we call this commitment to our customers you first banking, and it’s our pledge to always put your concerns first. it’s banking that is driven by relationships, not just transactions, so that we’re here for you as your needs continue to grow and change. because we are a locally-owned and managed community bank, we can respond quickly and effectively with the service and solutions you need to meet your financial goals. headquartered in munster, indiana, peoples bank provides a wide range of consumer, business, and wealth management products, as well as a tradition of high-quality performance to the residents of lake and porter counties. we operate banking centers in crown point, dye