Quarterly ResultMay 13, 2026, 04:12 PM
Finward Bancorp Q1 Net Income $2.24M, EPS $0.52
AI Summary
Finward Bancorp reported a significant increase in net income and earnings per share for the first quarter of 2026. Net income surged to $2.24 million, with basic EPS reaching $0.52, driven by higher net interest income and a substantial reduction in the provision for credit losses. The company also declared a dividend of $0.12 per common share. Total assets and deposits remained relatively stable, while net loans receivable saw a modest increase.
Key Highlights
- Net income for Q1 2026 increased to $2.24 million, up from $0.46 million in Q1 2025.
- Basic earnings per common share rose to $0.52 in Q1 2026, compared to $0.11 in Q1 2025.
- Net interest income grew to $15.07 million in Q1 2026, up from $13.31 million in Q1 2025.
- Provision for credit losses significantly decreased to $0.06 million in Q1 2026 from $0.45 million.
- Total assets were $2.02 billion as of March 31, 2026, a slight decrease from $2.02 billion at Dec 31, 2025.
- Net loans receivable increased to $1.44 billion at March 31, 2026, from $1.43 billion at Dec 31, 2025.
- Total deposits were $1.72 billion as of March 31, 2026, a slight decrease from $1.73 billion at Dec 31, 2025.
- Dividends declared per common share were $0.12 for Q1 2026.
Price Impact
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