Earnings ·
Reports Q3 net income of $1.4 million, or $0.31 per diluted share
FNWDFinward Bancorp
Finward Bancorp reported unaudited third quarter 2026 results showing net income available to common stockholders of $1.4 million, or $0.31 per diluted share, down from $2.1 million, or $0.48 per diluted share, in the prior quarter. The decline was impacted by merger-related expenses associated with its pending acquisition by First Financial Bancorp, including $1.8 million in compensation adjustments and $536 thousand in professional services costs. Net interest margin expanded to 3.39% from 3.25%, driven by loan repricing and new origination strength. Total deposits grew 1.5% to $1.76 billion, while borrowings decreased 37.2% to $59.8 million. Non-performing loans rose slightly to $16.8 million, and tangible book value per share declined to $31.07 from $35.75. Finward Bancorp is a financial holding company that operates Peoples Bank in Northwest Indiana.