---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-001715"
form_type: "8-K"
ticker: "FNWD"
cik: "0000919864"
company_name: "Finward Bancorp"
filed_at: "2023-01-25T23:59:59+00:00"
generated_at: "2026-06-20T10:18:16.315616+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Finward Bancorp Q4 2022 net income $4.0M, core EPS $1.08; full-year core net income $17.3M

## Summary
- Q4 net income $4.0M ($0.93 diluted EPS) vs $3.3M ($0.95) Q4 2021; full-year net income $15.1M ($3.60) vs $15.0M ($4.30).
- Core net income full-year $17.3M ($4.12 diluted) vs $13.4M ($3.84) prior year, driven by Royal acquisition and organic loan growth.
- Net interest margin (tax‑adj.) 3.74% for 2022 vs 3.51% in 2021; Q4 margin contracted to 3.73% as funding costs rose.
- Organic loan growth (ex‑Royal) $96.5M (10.0%); total loans $1.5B (+56.6% YoY).
- Branches closed: 5 in 2022, reducing footprint 16%; headcount reduced 12 FTEs (4%) in Q4.

## SEC filing metadata
- accession: 0001437749-23-001715
- form_type: 8-K
- ticker: FNWD
- cik: 0000919864
- company_name: Finward Bancorp
- filed_at: 2023-01-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/919864/000143774923001715/0001437749-23-001715-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/919864/000143774923001715/fnwd20230124_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-001715
- JSON: https://secwatch.observer/filing/0001437749-23-001715.json
- Plain text: https://secwatch.observer/filing/0001437749-23-001715.txt

## Key facts
- Earnings Releases
  Finward Bancorp reported the twelve months ended December 31, 2022 results: net income $15.1 million, EPS $3.60 per diluted share.
  - Period: the twelve months ended December 31, 2022
  - Net income: $15.1 million
  - EPS: $3.60 per diluted share
  - Result: reported results
  source text: net income available to common shareholders was $15.1 million, or $3.60 per diluted share, for the twelve months ended December 31, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/919864/000143774923001715/0001437749-23-001715-index.htm
- Earnings Releases
  Finward Bancorp reported the quarter ended December 31, 2022 results: net income $4.0 million, EPS $0.93 per diluted share.
  - Period: the quarter ended December 31, 2022
  - Net income: $4.0 million
  - EPS: $0.93 per diluted share
  - Result: reported results
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/919864/000143774923001715/0001437749-23-001715-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.