Finward Bancorp (FNWD) Form 8-K — Oct 27, 2026
Finward Bancorp (FNWD) reported Q3 2026 net income of $1.4 million, or $0.31 per diluted share, down from $0.48 last quarter and $0.81 a year ago. The decline was driven primarily by roughly $2.3 million in one-time merger-related expenses tied to the pending acquisition by First Financial Bancorp. Core operations held up: net interest margin expanded to 3.39% (3.51% tax-equivalent) from 3.25%, deposits grew 1.5% to $1.76 billion, and credit quality stayed stable with non-performing loans at 1.12% of loans. The efficiency ratio worsened to 91.32% on the deal costs.
Key figures
- Eps
- 0.31
- Net Income
- 1361000
- Total Assets
- 2014125000
- Cash Position
- 92659000
- Shares Outstanding
- 4330893
- Deposits
- $1.76 billion (+1.5% QoQ)
- Year ago eps
- $0.81
- Efficiency ratio
- 91.32%
- Loans receivable
- $1.50 billion
- Return on assets
- 0.27%
- Return on equity
- 3.10%
- Prior quarter eps
- $0.48
- Available liquidity
- $623 million
- Net interest margin
- 3.39% (3.51% tax-equivalent)
- Non performing loans
- $16.8 million (1.12% of loans)
- Merger one time costs
- ~$2.3 million ($1.8M compensation/benefits + $536K professional services)
- Tier 1 leverage ratio
- 9.29%
- Allowance for credit losses
- $17.5 million (1.17% of loans)
- Tangible book value per share
- $31.07 (down from $35.75)
AI analysis
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