Quarterly ResultJul 28, 2026, 04:53 PM
Finward Bancorp Q2 Net Income $2.1M, EPS $0.48; Merger Planned
AI Summary
Finward Bancorp reported net income of $2.1 million, or $0.48 per diluted share, for the second quarter of 2026, a slight decrease from the previous quarter. Despite overhead impacts, the company saw continued progress with solid loan growth and stable deposit funding. The net interest margin improved, and the aggregate loan portfolio expanded. However, non-performing loans increased significantly during the quarter. The company also highlighted the announcement of its planned merger with First Financial, which is expected to create a stronger banking organization.
Key Highlights
- Net income available to common stockholders was $2.1 million for Q2 2026, down from $2.2 million in Q1 2026.
- Diluted earnings per share was $0.48 for Q2 2026, compared to $0.52 for Q1 2026.
- Net interest margin (tax-equivalent) increased to 3.37% in Q2 2026 from 3.35% in Q1 2026.
- Total deposits increased by $13.5 million to $1.73 billion as of June 30, 2026.
- Aggregate loan portfolio grew to $1.50 billion as of June 30, 2026, from $1.46 billion in Q1 2026.
- Non-performing loans increased by 33.8% to $16.5 million as of June 30, 2026.
- Allowance for credit losses to non-performing loans decreased to 106.9% from 139.7% in Q1 2026.
- Announced planned merger with First Financial, positioning for a stronger banking organization.
Price Impact
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