Finward Bancorp

Finward Bancorp announced that the Memorandum of Understanding (MOU) with its wholly-owned subsidiary, Peoples Bank, has been terminated. The MOU, which was with the Federal Deposit Insurance Corporation (FDIC) and the Indiana Department of Financial Institutions (DFI), was originally established on August 9, 2024. The termination was effective immediately following a letter dated June 24, 2026, from the regulatory bodies.

Finward Bancorp announced that its Board of Directors declared a cash dividend of $0.12 per share on its common stock. The dividend is scheduled for payment on June 29, 2026, to shareholders of record as of June 17, 2026. The company highlighted that the Bank's ability to pay cash dividends is contingent upon demonstrating compliance with a previously disclosed memorandum of understanding with the FDIC and Indiana Department of Financial Institutions, which requires prior regulatory approval.

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.

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.