Finward Bancorp (FNWD)

Finward Bancorp Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	79.64	77.52	74.76	62.13	41.57	44.87
Interest Income on Investments	11.3	11.66	11.02	9.9	9.08	6.75
Total Interest Income	90.95	89.18	85.78	72.04	50.66	51.62
Interest Paid on Deposits	32.63	35.16	25.44	3.6	2	5.32
Interest Paid on Borrowings	4.01	5.57	5.79	1.28	0.08	0.42
Total Interest Expense	36.64	40.73	31.23	4.89	2.08	5.74
Net Interest Income	54.31	48.45	54.56	67.15	48.58	45.88
Net Interest Income Growth (YoY)	11.85%	-11.20%	-18.75%	38.24%	5.87%	6.31%
Trust Income	2.8	2.86	2.48	2.11	2.38	2.14
Gain (Loss) on Sale of Assets	-	-	-	-1.54	-	-
Gain (Loss) on Sale of Investments	1.33	0.71	-0.06	0.66	1.99	2.35
Other Non-Interest Income	6.49	6.29	6.97	7.35	6.24	6
Total Non-Interest Income	11.56	22.65	10.75	9.97	15.95	18.15
Non-Interest Income Growth (YoY)	-47.30%	110.75%	7.74%	-37.45%	-12.13%	73.42%
Revenues Before Loan Losses	65.86	71.09	65.3	77.12	64.52	64.03
Provision for Loan Losses	-0.7	-0.5	2.03	-	1.51	3.69
Revenue	66.56	71.6	63.28	77.12	63.01	60.34
Revenue Growth (YoY)	-4.40%	13.15%	-17.95%	22.39%	4.43%	18.23%
Salaries and Employee Benefits	28.08	27.17	26.94	28.12	23.67	22.44
Occupancy Expenses	6.33	6.48	6.28	6.79	5.54	4.93
Federal Deposit Insurance	1.76	1.79	2	1.23	0.86	0.79
Selling, General & Administrative	14.53	15.45	12.33	8.55	6.51	4.05
Other Non-Interest Expense	6.91	7.25	7.68	13.04	10.06	9.42
Total Non-Interest Expense	57.6	58.14	55.23	57.71	46.64	41.64
EBT Excluding Unusual Items	8.96	13.46	8.05	19.41	16.38	18.71
Pretax Income	8.96	13.46	8.05	16.56	16.38	18.71
Income Tax Expense	0.76	1.33	-0.34	1.48	1.41	2.77
Net Income	8.2	12.13	8.38	15.08	14.96	15.93
Net Income to Common	8.2	12.13	8.38	15.08	14.96	15.93
Net Income Growth	-28.91%	44.75%	-44.43%	0.78%	-6.08%	31.70%
Basic Shares Outstanding	4	4	4	4	3	3
Diluted Shares Outstanding	4	4	4	4	3	3
Shares Change (YoY)	0.47%	-0.18%	2.12%	20.60%	0.44%	1.08%
EPS (Basic)	1.92	2.85	1.96	3.61	4.30	4.60
EPS (Diluted)	1.91	2.84	1.96	3.60	4.30	4.60
EPS Growth	-29.49%	44.90%	-45.56%	-16.28%	-6.52%	30.31%
Dividend Per Share	0.120	0.480	1.050	1.240	1.240	1.240
Dividend Growth	-75.00%	-54.29%	-15.32%	-	-	0.81%
Effective Tax Rate	8.46%	9.85%	-	8.93%	8.63%	14.83%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q