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 (NASDAQ: FNWD) is a financial holding company headquartered in Munster, Indiana, and the parent of Peoples Bank, an Indiana state-chartered commercial bank. This news page compiles company-issued press releases and other coverage related to Finward Bancorp and Peoples Bank, giving investors and observers a single place to review the latest disclosed information.
According to the company’s announcements, Finward Bancorp regularly reports on quarterly financial results, including net income available to common stockholders, net interest margin, return on assets, return on equity, asset quality metrics, and capital ratios. These earnings releases also describe trends in deposits, core funding, securities portfolios, loan originations, and non-performing assets, as well as the use of non-GAAP financial measures such as tax-equivalent net interest margin and efficiency ratio.
Finward Bancorp’s news flow also includes Board actions on common stock dividends, with multiple releases describing declared cash dividends and related record and payment dates. In addition, the company has issued news regarding regulatory developments, such as the termination of a Consent Order by the FDIC and the Indiana Department of Financial Institutions after Peoples Bank resolved deficiencies in its Bank Secrecy Act and anti-money laundering compliance program.
Governance updates, including the appointment of new directors to the Boards of Finward Bancorp and Peoples Bank, are another recurring topic in the company’s press releases. Together, these categories of news—earnings, dividends, regulatory matters, and board composition—offer insight into Finward Bancorp’s financial condition, risk management, and corporate governance over time.
Investors following FNWD can use this page to review historical and recent announcements from Finward Bancorp and Peoples Bank and to understand how the company describes its performance, capital position, and regulatory interactions.
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.
Summary not available.
Summary not available.
Summary not available.