Quarterly ResultApr 28, 2026, 04:12 PM
FNWD Q1 Net Income $2.2M, EPS $0.52; NIM 3.35%
AI Summary
Finward Bancorp announced net income available to common stockholders of $2.2 million, or $0.52 per diluted share, for Q1 2026, up from $2.0 million and $0.46 per diluted share in Q4 2025. The company reported improved profitability, with net interest margin expanding to 3.35% and the efficiency ratio improving to 84.45%. Management noted progress in core earnings trajectory and a renewed focus on customer growth, alongside plans to close two branch locations in Q2 for efficiency. However, total deposits saw a slight decrease, and non-performing loans increased.
Key Highlights
- Net income available to common stockholders was $2.2 million, up from $2.0 million in Q4 2025.
- Diluted earnings per share increased to $0.52 from $0.46 in Q4 2025.
- Net interest margin (tax-equivalent) improved to 3.35% from 3.32% in Q4 2025.
- Efficiency ratio improved to 84.45% from 89.50% in Q4 2025.
- Two branch locations are planned for closure early in the second quarter as part of efficiency efforts.
- Total deposits decreased by $7.9 million (0.5%) to $1.72 billion.
- Non-performing loans increased by 10.7% to $12.4 million.
- Tangible book value per share decreased to $34.39 from $34.92 in Q4 2025.