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 reports recurring developments as the holding company for Peoples Bank, an Indiana state-chartered commercial bank serving personal, business, electronic and wealth management customers in Northwest Indiana and the Chicagoland area. News releases commonly cover quarterly operating results, net interest margin, noninterest income and expense, loan and deposit trends, liquidity sources, and deposit-insurance composition.
Company updates also include common stock dividend declarations, board actions, regulatory compliance matters and bank-level developments. The Bancorp’s news flow is centered on community banking performance, capital management and the operations of Peoples Bank.
Finward Bancorp (NASDAQ: FNWD) announced that the Federal Deposit Insurance Corporation (FDIC) and Indiana Department of Financial Institutions (DFI) have terminated the Consent Order issued to its subsidiary, Peoples Bank, on August 6, 2025. The Consent Order, which was effective from November 7, 2023, was related to the Bank's compliance with the Bank Secrecy Act (BSA) and anti-money laundering regulations.
The termination follows the Bank's successful resolution of deficiencies in its BSA/AML compliance program. CEO Benjamin J. Bochnowski acknowledged the efforts of the board, management team, and staff in strengthening the bank's compliance program and meeting regulatory requirements.
Finward Bancorp (NASDAQ:FNWD) reported Q2 2025 net income of $2.2 million, or $0.50 per diluted share, a significant improvement from $455,000 ($0.11 per share) in Q1 2025. The bank demonstrated strong performance with net interest margin expanding to 3.11% on a tax-equivalent basis.
Key metrics include deposits of $1.8 billion (0.3% increase), a loan portfolio of $1.5 billion, and available liquidity of $728 million. Asset quality remained stable with non-performing loans at 0.91% of total loans. The Bank's tier 1 leverage ratio improved to 8.69%, up from 8.48% in the previous quarter.
Notable improvements include net loan recoveries of $414,000 and a net benefit from credit loss of $274,000. The efficiency ratio improved to 88.92% from 93.11% in the previous quarter.
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%.