Finward Bancorp Announces Third Quarter 2026 Results
Finward Bancorp reported Q3 2026 net income of $1.4 million, or $0.31 per diluted share, down from $2.1 million, or $0.48, in Q2 2026. The decline was driven by merger-related expenses tied to the pending First Financial deal, including $1.8 million in one-time compensation adjustments and $536 thousand in third-party professional costs. Core metrics improved: NIM expanded to 3.39% from 3.25%, and deposits grew 1.5% to $1.76 billion.
Key figures
- Eps
- 0.31
- Revenue
- 15942000
- Nim
- 3.39%
- Roa
- 0.27%
- Roe
- 3.10%
- Deposits
- $1.76 billion
- Npl ratio
- 1.12%
- Net income
- 1361000
- Efficiency ratio
- 91.32%
- Loans receivable
- $1.50 billion
- Nim tax equivalent
- 3.51%
- Non performing loans
- $16.8 million
- Tier 1 leverage ratio
- 9.29%
- Net income prior quarter
- 2093000
- Merger expense comp benefits
- $1.8 million
- Merger professional services
- $536 thousand
- Tangible book value per share
- 31.07
- Tangible book value prior quarter
- 35.75
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