secwatch.observer — SEC 8-K summary
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Issuer:     Finward Bancorp (FNWD)
CIK:        0000919864
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0001437749-23-011074
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Finward Bancorp Q1 net income $2.2M ($0.51/diluted); net interest margin compresses to 3.07%
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- Net income available to common shareholders $2.2M ($0.51/diluted) vs $2.1M ($0.53) in Q1 2022.
- Net interest margin fell to 3.07% from 3.41% YoY; core deposits decreased $77.2M (5.5%) from Dec 2022.
- Unrealized losses on securities improved to $55.9M from $64.3M; tangible book value per share rose to $26.68.
- Non-performing loans increased to $20.7M (1.36% of loans) from $18.4M; ACL at 1.29% of loans.
- Headcount reduced by 9 FTEs (3%); sold a branch for $231k gain; another branch sold post-quarter for $45k.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/919864/000143774923011074/0001437749-23-011074-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/919864/000143774923011074/fnwd20230425_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-011074

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