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.

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MUNSTER, Ind., Oct. 29, 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 $10.0 million, or $2.35 per diluted share, for the nine months ended September 30, 2024, as compared to $6.9 million, or $1.60 per diluted share, for the corresponding prior year period. For the quarter ended September 30, 2024, the Bancorp's net income totaled $606 thousand, or $0.14 per diluted share, as compared to $143 thousand, or $0.03 per diluted share, for the three months ended June 30, 2024, and as compared to $2.2 million, or $0.51 per diluted share, for the three months ended September 30, 2023. Selected performance metrics are as follows for the periods presented:

Finward Bancorp Announces Earnings for the Quarter and Nine Months Ended September 30, 2024

MUNSTER, Ind., Oct. 11, 2024 (GLOBE NEWSWIRE) --  – Finward Bancorp (Nasdaq: FNWD) (the “Bancorp” or “Finward”), the holding company for Peoples Bank (the “Bank”), today announced that on September 20, 2024 the Board of Directors of Finward declared a dividend of $0.12 per share on Finward's common stock payable on October 31, 2024 to shareholders of record at the close of business on October 18, 2024.

FINWARD BANCORP ANNOUNCES THIRD QUARTER DIVIDEND

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MUNSTER, Ind., Sept. 05, 2024 (GLOBE NEWSWIRE) -- Finward Bancorp (Nasdaq: FNWD) (the “Bancorp” or “Finward”), the holding company for Peoples Bank, an Indiana state-chartered commercial bank (the “Bank”), today announced that the Boards of the Bancorp and the Bank have appointed Martin P. Alwin, Jennifer R. Evans, and Carolyn M. Burke to serve as directors of the Bancorp and the Bank, effective as of September 9, 2024.   Mr. Alwin, Ms. Evans, and Ms. Burke each have a wealth of experience in the financial institutions industry, including in the areas of balance sheet management, enterprise risk management, legal and regulatory compliance, strategic initiatives, and finance. Mr. Alwin and Ms. Burke will serve on the Audit Committee of the Boards of the Bancorp and the Bank, and Ms. Evans will serve on the Risk Management and Compliance Committee.

FINWARD BANCORP ANNOUNCES THE APPOINTMENT OF THREE NEW DIRECTORS

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MUNSTER, Ind., July 30, 2024 (GLOBE NEWSWIRE) -- Finward Bancorp (Nasdaq: FNWD) (the “Bancorp”), the holding company for Peoples Bank (the “Bank”), today announced corrections to its press release issued on July 24, 2024.  Specifically, the following press release (i) corrects the “Performance Ratios” table set forth in the rear portion of the original press release to include line items for return on equity, return on assets, tax adjusted net interest margin, noninterest income / average assets, noninterest expense / average assets, and efficiency ratio which were inadvertently not included in the version of the original press release issued through the Bancorp's press release distribution service, and corrects the amounts disclosed in the line items in the table for basic earnings per share (from $0.03 to $2.21), diluted earnings per share ($0.03 to $2.21), and price to earnings per share ratio (from 730.40 to 5.54) under the column for the six months ended June 30, 2024 which were inadvertently included from a prior interim version of the press release; (ii) corrects calculations in the “Performance Ratios” and “Capital Adequacy Bank” tables for the line items common equity tier 1 capital to risk-weighted assets (from 11.23% to 10.94%), tier 1 capital to risk-weighted assets (from 11.23% to 10.94%), and total capital to risk-weighted assets (from 12.27% to 11.95%); (iii) corrects the “Balance Sheet” table set forth in the rear portion of the Original Earnings Release to include figures in the line item for Federal funds sold for the periods ended June 30, 2024, March 31, 2024, and December 31, 2023 which were inadvertently not included in the version of the original press release issued through the Bancorp's press release distribution service; and (iv) corrects the amount listed in the “Securities Portfolio” paragraph for securities yield for the three months ended (from 2.39% to 2.37%).  The complete, corrected press release reads as follows:

Correcting and Replacing – Finward Bancorp Announces Earnings for the Quarter Ended June 30, 2024

MUNSTER, Ind., July 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 $9.4 million, or $2.21 per diluted share, for the six months ended June 30, 2024, as compared to $4.7 million, or $1.10 per diluted share, for the corresponding prior year period. For the quarter ended June 30, 2024, the Bancorp's net income totaled $143 thousand, or $0.03 per diluted share, as compared to $2.4 million, or $0.57 per diluted share, for the three months ended June 30, 2023. Selected performance metrics are as follows for the periods presented:

Finward Bancorp Announces Earnings for the Quarter and Six Months Ended June 30, 2024

MUNSTER, Ind., June 26, 2024 (GLOBE NEWSWIRE) -- Finward Bancorp (Nasdaq: FNWD) (the “Bancorp” or “Finward”), the holding company for Peoples Bank (the “Bank”), today announced that on June 21, 2024 the Board of Directors of Finward declared a dividend of $0.12 per share on Finward's common stock payable on August 1, 2024 to shareholders of record at the close of business on July 19, 2024.

FINWARD BANCORP ANNOUNCES SECOND QUARTER DIVIDEND

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:

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