secwatch.observer — SEC 8-K summary
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Issuer:     Finward Bancorp (FNWD)
CIK:        0000919864
Form:       8-K
Filed at:   2023-01-25T23:59:59+00:00
Accession:  0001437749-23-001715
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/919864/000143774923001715/0001437749-23-001715-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/919864/000143774923001715/fnwd20230124_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-001715

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer