Finward Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	80.34	77.52	74.76	62.13	41.57
Interest Income on Investments	11.43	11.66	11.02	9.9	9.08
Total Interest Income	91.76	89.18	85.78	72.04	50.66
Interest Paid on Deposits	31.43	35.16	25.44	3.6	2
Interest Paid on Borrowings	3.59	5.57	5.79	1.28	0.08
Total Interest Expense	35.02	40.73	31.23	4.89	2.08
Net Interest Income	56.74	48.45	54.56	67.15	48.58
Net Interest Income Growth (YoY)	17.12%	-11.20%	-18.75%	38.24%	5.87%
Trust Income	2.73	2.86	2.48	2.11	2.38
Gain (Loss) on Sale of Assets	-0.06	-	-	-1.54	-
Gain (Loss) on Sale of Investments	-1.49	0.71	-0.06	0.66	1.99
Other Non-Interest Income	6.89	6.29	6.97	7.35	6.24
Total Non-Interest Income	9.3	22.65	10.75	9.97	15.95
Non-Interest Income Growth (YoY)	-58.94%	110.75%	7.74%	-37.45%	-12.13%
Revenues Before Loan Losses	66.04	71.09	65.3	77.12	64.52
Provision for Loan Losses	-0.21	-0.5	2.03	-	1.51
Revenue	66.25	71.6	63.28	77.12	63.01
Revenue Growth (YoY)	-7.47%	13.15%	-17.95%	22.39%	4.43%
Salaries and Employee Benefits	29.59	27.17	26.94	28.12	23.67
Occupancy Expenses	8.16	6.48	6.28	6.79	5.54
Federal Deposit Insurance	1.72	1.79	2	1.23	0.86
Selling, General & Administrative	12.04	15.45	12.33	8.55	6.51
Other Non-Interest Expense	6.62	7.25	7.68	13.04	10.06
Total Non-Interest Expense	58.14	58.14	55.23	57.71	46.64
EBT Excluding Unusual Items	8.11	13.46	8.05	19.41	16.38
Pretax Income	8.11	13.46	8.05	16.56	16.38
Income Tax Expense	0.02	1.33	-0.34	1.48	1.41
Net Income	8.09	12.13	8.38	15.08	14.96
Net Income to Common	8.09	12.13	8.38	15.08	14.96
Net Income Growth	-33.33%	44.75%	-44.43%	0.78%	-6.08%
Basic Shares Outstanding	4	4	4	4	3
Diluted Shares Outstanding	4	4	4	4	3
Shares Change (YoY)	0.41%	-0.18%	2.12%	20.60%	0.44%
EPS (Basic)	1.89	2.85	1.96	3.61	4.30
EPS (Diluted)	1.88	2.84	1.96	3.60	4.30
EPS Growth	-33.80%	44.90%	-45.56%	-16.28%	-6.52%
Dividend Per Share	0.480	0.480	1.050	1.240	1.240
Dividend Growth	-	-54.29%	-15.32%	-	-
Effective Tax Rate	0.28%	9.85%	-	8.93%	8.63%

Updated Jan 27, 2026. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q