Finward Bancorp Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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	82.27	80.34	77.52	74.76	62.13	41.57
Interest Income on Investments	10.94	11.43	11.66	11.02	9.9	9.08
Total Interest Income	93.22	91.76	89.18	85.78	72.04	50.66
Interest Paid on Deposits	29.2	31.43	35.16	25.44	3.6	2
Interest Paid on Borrowings	2.78	3.59	5.57	5.79	1.28	0.08
Total Interest Expense	31.98	35.02	40.73	31.23	4.89	2.08
Net Interest Income	61.24	56.74	48.45	54.56	67.15	48.58
Net Interest Income Growth	12.75%	17.12%	-11.20%	-18.75%	38.24%	5.87%
Trust Income	2.79	2.73	2.86	2.48	2.11	2.38
Gain (Loss) on Sale of Assets	0	-0.06	11.66	-	-1.54	-
Gain (Loss) on Sale of Investments	-1.58	-1.49	0.71	-0.06	0.66	1.99
Other Non-Interest Income	6.61	6.89	6.29	6.97	7.35	6.24
Total Non-Interest Income	8.94	9.3	22.65	10.75	9.97	15.95
Non-Interest Income Growth	-22.61%	-58.94%	110.75%	7.74%	-37.45%	-12.13%
Revenues Before Loan Losses	70.18	66.04	71.09	65.3	77.12	64.52
Provision for Loan Losses	0.36	-0.21	-0.5	2.03	-	1.51
Revenue	69.82	66.25	71.6	63.28	77.12	63.01
Revenue Growth	4.89%	-7.47%	13.15%	-17.95%	22.39%	4.43%
Salaries and Employee Benefits	32.49	29.14	27.17	26.94	28.12	23.67
Occupancy Expenses	5.33	5.96	6.48	6.28	6.79	5.54
Federal Deposit Insurance	1.53	1.72	1.79	2	1.23	0.86
Selling, General & Administrative	16.14	14.69	15.45	12.33	8.55	6.51
Other Non-Interest Expense	5.91	6.62	7.25	7.68	13.04	10.06
Total Non-Interest Expense	61.39	58.14	58.14	55.23	57.71	46.64
EBT Excluding Unusual Items	8.43	8.11	13.46	8.05	19.41	16.38
Pretax Income	8.43	8.11	13.46	8.05	16.56	16.38
Income Tax Expense	0.75	0.02	1.33	-0.34	1.48	1.41
Net Income	7.68	8.09	12.13	8.38	15.08	14.96
Net Income to Common	7.68	8.09	12.13	8.38	15.08	14.96
Net Income Growth	-6.39%	-33.33%	44.75%	-44.43%	0.78%	-6.08%
Basic Shares Outstanding	4	4	4	4	4	3
Diluted Shares Outstanding	4	4	4	4	4	3
Shares Change	0.55%	0.41%	-0.18%	2.12%	20.60%	0.44%
EPS (Basic)	1.80	1.89	2.85	1.96	3.61	4.30
EPS (Diluted)	1.78	1.88	2.84	1.96	3.60	4.30
EPS Growth	-6.84%	-33.80%	44.90%	-45.56%	-16.28%	-6.52%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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
Dividend Per Share	0.480	0.360	0.480	1.050	1.240	1.240
Dividend Growth	33.33%	-25.00%	-54.29%	-15.32%	0%	0%
Effective Tax Rate	8.90%	0.28%	9.85%	-	8.93%	8.63%

SEC Filings: 10-K · 10-Q