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 Q1 2021

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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.

FINWARD BANCORP AND PEOPLES BANK COMPLETE ACQUISITION OF ROYAL FINANCIAL, INC. AND ROYAL SAVINGS BANK

MUNSTER, Ind., Jan. 26, 2022 (GLOBE NEWSWIRE) -- Finward Bancorp (Nasdaq: FNWD) (the “Bancorp”), the holding company for Peoples Bank (the “Bank”), reported net income of $15.0 million, or $4.30 per share, for the twelve months ended December 31, 2021. Net income for the twelve months ended December 31, 2021, decreased by $969 thousand (6.1%), from the twelve months ended December 31, 2020, primarily due to higher noninterest expense and lower noninterest income. For the twelve months ended December 31, 2021, the return on average assets (ROA) was 0.95% and the return on average equity (ROE) was 9.61%. In connection with the acquisition of Royal Financial, Inc. (OTCQX: RYFL) (“Royal”), which will close in the first quarter of 2022, the Bancorp incurred one-time expenses of approximately $838 thousand in the year ending 2021.

Finward Bancorp Announces Earnings for the Quarter and Twelve Months Ended December 31, 2021

MUNSTER, Ind., Jan. 26, 2022 (GLOBE NEWSWIRE) -- Finward Bancorp (Nasdaq: FNWD) (the “Bancorp” or “Finward”), the holding company for Peoples Bank, today announced the preliminary results of elections made by the stockholders of Royal Financial, Inc. (OTCQX: RYFL) (“Royal Financial”), the holding company for Royal Savings Bank, regarding their preferences as to the form of merger consideration they will receive in connection with the pending merger transaction between Finward and Royal Financial. The deadline for Royal Financial stockholders to have made elections in connection with the transaction was 5:00 p.m. Eastern Time on January 18, 2022.

Finward Bancorp Announces Preliminary Results of Cash and Stock Elections by Royal Financial Stockholders

MUNSTER, Ind. and CHICAGO, Dec. 29, 2021 (GLOBE NEWSWIRE) -- Finward Bancorp (Nasdaq: FNWD) (the “Bancorp” or “Finward”), the holding company for Peoples Bank, and Royal Financial, Inc. (OTCQX: RYFL) (“Royal Financial”), the holding company for Royal Savings Bank, today jointly announced that the Indiana Department of Financial Institutions has approved the proposed merger of Royal Savings Bank with and into Peoples Bank.   In addition, Finward previously received the approval of the Federal Deposit Insurance Corporation for the merger of Royal Savings Bank with and into Peoples Bank, and the Federal Reserve Bank of Chicago previously approved Finward's requested waiver from its application filing requirements. The Illinois Department of Financial and Professional Regulation also has acknowledged receipt of all required notices, and has issued a letter of no objection to the establishment by Peoples Bank of foreign trust offices at the branches currently operated by Royal Savings Bank, in connection with the merger of Royal Savings Bank and Peoples Bank. As a result, all regulatory approvals necessary for the consummation of the merger of Royal Financial into Finward, and the merger of Royal Savings Bank into Peoples Bank, have now been received.

Finward Bancorp and Royal Financial, Inc. Announce Receipt of Regulatory Approvals and Election Deadline

MUNSTER, Ind., Nov. 19, 2021 (GLOBE NEWSWIRE) -- Finward Bancorp, the parent company for Peoples Bank, today announced that the Board of Directors of the Bancorp declared a dividend of $0.31 per share payable on January 7, 2022, with a record date of December 29, 2021.

FINWARD BANCORP ANNOUNCES FOURTH QUARTER DIVIDEND

MUNSTER, Ind., Nov. 09, 2021 (GLOBE NEWSWIRE) -- Finward Bancorp (Nasdaq: FNWD) (the “Bancorp”), the holding company for Peoples Bank (the “Bank”), reported net income of $11.7 million, or $3.35 per share, for the nine months ended September 30, 2021. Net income for the nine months ended September 30, 2021, decreased by $999 thousand (7.9%), from the nine months ended September 30, 2020, primarily due to higher noninterest expense and lower noninterest income. For the nine months ended September 30, 2021, the return on average assets (ROA) was 0.98% and the return on average equity (ROE) was 9.96%.

Finward Bancorp Announces Earnings for the Quarter and Nine Months Ended September 30, 2021

MUNSTER, Ind., Oct. 29, 2021 (GLOBE NEWSWIRE) -- Finward Bancorp (OTC Pink: FNWD) (the “Bancorp” or “Finward”), the holding company for Peoples Bank, today announced that The Nasdaq Stock Market LLC has approved the Bancorp's application to have its common stock listed on the Nasdaq Capital Market. The Bancorp's common shares are expected to begin trading on the Nasdaq Capital Market at the opening of trading on November 3, 2021 under the symbol “FNWD.”

FINWARD BANCORP APPROVED FOR LISTING ON NASDAQ CAPITAL MARKET

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A True Value Story: Good Credit At Finward Bancorp

MUNSTER, Ind. and CHICAGO, July 29, 2021 (GLOBE NEWSWIRE) -- Finward Bancorp (OTC Pink: FNWD) (“FNWD”), the parent of Peoples Bank, and Royal Financial, Inc. (OTCQX: RYFL) (“RYFL”) announced today they have executed a definitive merger agreement pursuant to which FNWD will acquire RYFL and its wholly-owned subsidiary, Royal Savings Bank, of Chicago, Illinois, in a stock and cash transaction. A copy of the definitive agreement is available as Exhibit 2.1 to the Form 8-K filed by FNWD today with the Securities Exchange Commission (the “SEC”) at the SEC's internet site (http://www.sec.gov).

Finward Bancorp and Royal Financial, Inc. Announce Signing of Definitive Merger Agreement

MUNSTER, Ind., July 28, 2021 (GLOBE NEWSWIRE) -- Finward Bancorp (the “Bancorp”), the holding company for Peoples Bank (the “Bank”), reported record net income of $8.3 million, or $2.40 per share, for the six months ended June 30, 2021. Net income for the six months ended June 30, 2021, increased by $79 thousand (1.0%), from the six months ended June 30, 2020, primarily due to higher net interest income. For the six months ended June 30, 2021, the return on average assets (ROA) was 1.06% and the return on average equity (ROE) was 10.82%.

Finward Bancorp Announces Earnings for the Quarter and Six Months Ended June 30, 2021

MUNSTER, Ind., May 24, 2021 (GLOBE NEWSWIRE) --  NorthWest Indiana Bancorp, the holding company for Peoples Bank, today announced that the company's corporate name has been changed from “NorthWest Indiana Bancorp” to “Finward Bancorp” (OTC Pink: FNWD) (the “Bancorp”), effective Monday, May 24, 2021. In connection with the name change, the Bancorp's common stock began trading under the new ticker symbol “FNWD” on the OTC Pink Marketplace, effective as of the opening of trading on May 24, 2021. The new CUSIP number for the Bancorp's common stock is 31812F109.   The name change was approved by the Bancorp's shareholders on March 3, 2021.

NORTHWEST INDIANA BANCORP ANNOUNCES CORPORATE NAME CHANGE TO FINWARD BANCORP

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