Finward Bancorp

Finward Bancorp is a bank holding company, which engages in the provision of financial services. It offers checking and savings accounts, loans, eBanking, cash management, investments, retirement plans, and trust funds. The company was founded on January 31, 1994 and is headquartered in Munster, IN.

Earnings data Q4 2020

Earnings data Q1 2021

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Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q4 2022

Earnings data Q1 2023

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Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

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MUNSTER, Ind., April 24, 2024 (GLOBE NEWSWIRE) -- Finward Bancorp (Nasdaq: FNWD) (the “Bancorp”), the holding company for Peoples Bank (the “Bank”), today announced that net income available to common stockholders was $9.3 million, or $2.17 per diluted share, for the quarter ended March 31, 2024, as compared to $2.2 million, or $0.51 per diluted share, for the corresponding prior year period. Increases to our profitability results and performance ratio increases reported for quarter ended March 31, 2024 were primarily attributable to the pre-tax non-interest income gain of approximately $11.8 million from the previously-announced sale-leaseback transaction completed on February 22, 2024. Selected performance metrics are as follows for the periods presented:

Finward Bancorp Announces Earnings for the Quarter Ended March 31, 2024

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Munster, Ind, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Finward Bancorp (Nasdaq: FNWD) (the “Bancorp” or “Finward”) and its wholly-owned subsidiary, Peoples Bank (the “Bank” or “Peoples”), announced today the appointment of Benjamin Schmitt as the Senior Vice President, Chief Financial Officer, and Treasurer of the Bancorp and the Bank, effective February 20, 2024.

BENJAMIN SCHMITT APPOINTED SENIOR VICE PRESIDENT, CHIEF FINANCIAL OFFICER OF FINWARD BANCORP AND PEOPLES BANK

MUNSTER, Ind., Jan. 30, 2024 (GLOBE NEWSWIRE) -- Finward Bancorp (Nasdaq: FNWD) (the “Bancorp”), the holding company for Peoples Bank (the “Bank”), today announced that net income available to common stockholders was $8.4 million, or $1.96 per diluted share, for the twelve months ended December 31, 2023, as compared to $15.1 million, or $3.60 per diluted share, for the year ended December 31, 2022. For the quarter ended December 31, 2023, the Bancorp's net income totaled $1.5 million, or $0.35 per diluted share, as compared to $4.0 million, or $0.93 per share, for the quarter ending December 31, 2022. Selected performance metrics are as follows for the periods presented:

Finward Bancorp Announces Earnings For the Twelve Months and Quarter Ended December 31, 2023

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MUNSTER, Ind., Dec. 26, 2023 (GLOBE NEWSWIRE) -- Finward Bancorp (Nasdaq: FNWD) (the “Bancorp” or “Finward”), the holding company for Peoples Bank (the “Bank”), today announced that on December 22, 2023 the Board of Directors of Finward declared a dividend of $0.12 per share on Finward's common stock payable on February 5, 2024 to shareholders of record at the close of business on January 23, 2024.

FINWARD BANCORP ANNOUNCES FOURTH QUARTER DIVIDEND

MUNSTER, Ind., Oct. 25, 2023 (GLOBE NEWSWIRE) -- Finward Bancorp (Nasdaq: FNWD) (the “Bancorp”), the holding company for Peoples Bank (the “Bank”), today announced that net income available to common stockholders was $6.9 million, or $1.60 per diluted share, for the nine months ended September 30, 2023, as compared to $11.1 million, or $2.67 per diluted share, for the corresponding prior year period. For the quarter ended September 30, 2023, the Bancorp's net income totaled $2.2 million, or $0.51 per diluted share, as compared to $4.6 million, or $1.07 per share, for the quarter ending September 30, 2022. Selected performance metrics are as follows for the periods presented:

Finward Bancorp Announces Earnings for the Nine Months and Quarter Ended September 30, 2023

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MUNSTER, Ind., Aug. 22, 2023 (GLOBE NEWSWIRE) -- Finward Bancorp ("Finward"), the parent company for Peoples Bank, today announced that on August 21, 2023, the Board of Directors of Finward declared a dividend of $0.31 per share payable on October 5, 2023, with a record date of September 22, 2023.

FINWARD BANCORP ANNOUNCES THIRD QUARTER DIVIDEND

MUNSTER, Ind., July 26, 2023 (GLOBE NEWSWIRE) -- Finward Bancorp (Nasdaq: FNWD) (the “Bancorp”), the holding company for Peoples Bank (the “Bank”), today announced that net income available to common stockholders was $4.7 million, or $1.09 per diluted share, for the six months ended June 30, 2023, as compared to $6.6 million, or $1.59 per diluted share, for the corresponding prior year period. For the three months ended June 30, 2023, the Bancorp's net income totaled $2.4 million, or $0.57 per diluted share, as compared to $4.4 million, or $1.04 per share, for the three months ending June 30, 2022. Selected performance metrics are as follows for the periods presented:

Finward Bancorp Announces Earnings for the Six and Three Months Ended June 30, 2023

MUNSTER, Ind., June 23, 2023 (GLOBE NEWSWIRE) --  Finward Bancorp (Nasdaq: FNWD) (the “Bancorp” or “Finward”) and its wholly-owned subsidiary, Peoples Bank (the “Bank” or “Peoples”), today announced the appointment of David J. Kwait as the Senior Vice President, General Counsel, Corporate Secretary, and Chief Risk Officer of the Bancorp and the Bank, with the appointment to be effective as of June 30, 2023.

DAVID J. KWAIT APPOINTED SENIOR VICE PRESIDENT, GENERAL COUNSEL, CORPORATE SECRETARY, AND CHIEF RISK OFFICER OF FINWARD BANCORP AND PEOPLES BANK

MUNSTER, Ind., May 30, 2023 (GLOBE NEWSWIRE) -- Finward Bancorp ("Finward"), the parent company for Peoples Bank, today announced that on May 26, 2023, the Board of Directors of Finward declared a dividend of $0.31 per share payable on July 6, 2023, with a record date of June 23, 2023.

FINWARD BANCORP ANNOUNCES SECOND QUARTER DIVIDEND

MUNSTER, Ind., April 26, 2023 (GLOBE NEWSWIRE) -- Finward Bancorp (Nasdaq: FNWD) (the “Bancorp”), the holding company for Peoples Bank (the “Bank”), today announced that net income available to common shareholders was $2.2 million, or $0.51 per diluted share, for the quarter ended March 31, 2023, as compared to $2.1 million, or $0.53 per diluted share, for the corresponding prior year period. Selected performance metrics are as follows for the periods presented:

Finward Bancorp Announces Earnings for the Quarter Ended March 31, 2023

MUNSTER, Ind., Feb. 27, 2023 (GLOBE NEWSWIRE) -- Finward Bancorp ("Finward"), the parent company for Peoples Bank, today announced that on February 24, 2023, the Board of Directors of Finward declared a dividend of $0.31 per share payable on April 6, 2023, with a record date of March 24, 2023.

FINWARD BANCORP ANNOUNCES FIRST QUARTER DIVIDEND

MUNSTER, Ind., Jan. 30, 2023 (GLOBE NEWSWIRE) -- Finward Bancorp (Nasdaq: FNWD) (the “Bancorp” or “Finward”), the holding company for Peoples Bank, today announced that David A. Bochnowski, the Executive Chairman of the Bancorp's Board of Directors, has informed the Board of his decision to retire as Executive Chairman and as a member of the Board, with his retirement to be effective as of June 30, 2023. The Board has appointed Benjamin J. Bochnowski, currently the Bancorp's President and Chief Executive Officer and a member of the Bancorp's Board of Directors, to succeed David Bochnowski as the Chairman of the Board. The appointment of Benjamin Bochnowski as Chairman is the result of the implementation of the Bancorp's normal succession planning process.

FINWARD BANCORP ANNOUNCES RETIREMENT OF DAVID BOCHNOWSKI AS EXECUTIVE CHAIRMAN OF THE BOARD OF DIRECTORS

MUNSTER, Ind., Jan. 25, 2023 (GLOBE NEWSWIRE) -- Finward Bancorp (Nasdaq: FNWD) (the “Bancorp”), the holding company for Peoples Bank (the “Bank”), today announced that net income available to common shareholders was $15.1 million, or $3.60 per diluted share, for the twelve months ended December 31, 2022, as compared to $15.0 million, or $4.30 per diluted share, for the corresponding prior year period. For the quarter ended December 31, 2022, the Bancorp's net income totaled $4.0 million, or $0.93 per diluted share, as compared to $3.3 million, or $0.95 per diluted share, for the quarter ending December 31, 2021. Selected performance metrics are as follows for the periods presented:

Finward Bancorp Announces Earnings for the Quarter and Twelve Months Ended December 31, 2022

Munster, Ind., Jan. 06, 2023 (GLOBE NEWSWIRE) -- Finward Bancorp (the “Bancorp”) (Nasdaq: FNWD) announced today, that effective at the close of business on May 5, 2023, Leane E. Cerven, Executive Vice President, Chief Risk Officer, General Counsel, and Corporate Secretary, will be retiring from her role at the Bancorp and its wholly-owned bank subsidiary, Peoples Bank (the “Bank”).

Finward Bancorp Chief Risk Officer and General Counsel to Retire in May 2023

MUNSTER, Ind., Dec. 02, 2022 (GLOBE NEWSWIRE) -- Finward Bancorp ("Finward"), the parent company for Peoples Bank, today announced that on November 29, 2022, the Board of Directors of Finward declared a dividend of $0.31 per share payable on January 6, 2023, with a record date of December 28, 2022.

FINWARD BANCORP ANNOUNCES FOURTH QUARTER DIVIDEND

MUNSTER, Ind., Oct. 25, 2022 (GLOBE NEWSWIRE) -- Finward Bancorp (Nasdaq: FNWD) (the “Bancorp”), the holding company for Peoples Bank (the “Bank”), today announced that net income available to common stockholders was $11.1 million, or $2.67 per diluted share, for the nine months ended September 30, 2022, as compared to $11.7 million, or $3.35 per diluted share, for the corresponding prior year period. For the quarter ended September 30, 2022, the Bancorp's net income totaled $4.6 million, or $1.07 per diluted share, as compared to $3.5 million, or $1.02 per diluted share, for the quarter ending September 30, 2021. Selected performance metrics are as follows for the periods presented:

Finward Bancorp Announces Earnings for the Quarter and Nine Months Ended September 30, 2022

Munster, Ind., Aug. 29, 2022 (GLOBE NEWSWIRE) -- Finward Bancorp ("Finward"), the parent company for Peoples Bank, today announced that the Board of Directors of Finward declared a dividend of $0.31 per share payable on October 5, 2022, with a record date of September 28, 2022.

FINWARD BANCORP ANNOUNCES THIRD QUARTER DIVIDEND

MUNSTER, Ind., July 27, 2022 (GLOBE NEWSWIRE) -- Finward Bancorp (Nasdaq: FNWD) (“Finward” or the “Bancorp”), the holding company for Peoples Bank (the “Bank”), today announced that net income available to common stockholders was $6.6 million, or $1.58 per diluted share, for the six months ended June 30, 2022, as compared to $8.1 million, or $2.33 per share, for the corresponding prior year period. For the three months ended June 30, 2022, the Bancorp's net income totaled $4.4 million, or $1.03 per diluted share, as compared to $3.6 million, or $1.03 per share, for the three months ending June 30, 2021. Selected performance metrics are as follows for the periods presented:

Finward Bancorp Announces Earnings for The Three and Six Months Ended June 30, 2022

Munster, Ind., April 28, 2022 (GLOBE NEWSWIRE) -- On April 27th, 2022, the Boards of Directors of Finward Bancorp (Nasdaq: FNWD) (the “Bancorp” or “Finward”) and its wholly-owned subsidiary, Peoples Bank (the “Bank” or “Peoples”), announced the appointment of Todd M. Scheub as Bank President and Executive Vice President, Chief Revenue Officer of the Bancorp.

TODD M. SCHEUB NAMED CHIEF REVENUE OFFICER OF FINWARD BANCORP AND PRESIDENT OF PEOPLES BANK

MUNSTER, Ind., April 27, 2022 (GLOBE NEWSWIRE) -- Finward Bancorp (Nasdaq: FNWD) (“Finward” or the “Bancorp”), the holding company for Peoples Bank (the “Bank”), today announced that net income available to common stockholders was $2.1 million, or $0.53 per share, for the quarter ended March 31, 2022, as compared to $4.5 million, or $1.31 per share, for the corresponding prior year period. Selected performance metrics are as follows for the periods presented:

Finward Bancorp Announces Earnings For The Three Months Ended March 31, 2022

FINWARD BANCORP ANNOUNCES APPOINTMENT OF ANTHONY M. PUNTILLO AS LEAD DIRECTOR

MUNSTER, Ind., Jan. 31, 2022 (GLOBE NEWSWIRE) -- Finward Bancorp (Nasdaq: FNWD) (the “Bancorp” or “Finward”), the holding company for Peoples Bank, announced today that it has successfully completed the previously announced acquisition of Royal Financial, Inc. (OTCQX: RYFL) (“Royal Financial”) and its wholly-owned Illinois state chartered savings bank subsidiary, Royal Savings Bank, of Chicago, Illinois, in a stock and cash transaction. Simultaneous with the acquisition of Royal Financial by Finward, Royal Savings Bank merged with and into Peoples Bank.

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