---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-020651"
form_type: "8-K"
ticker: "FNWD"
cik: "0000919864"
company_name: "Finward Bancorp"
filed_at: "2023-07-26T23:59:59+00:00"
generated_at: "2026-06-13T02:38:07.837760+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Finward Bancorp Q2 net income falls to $2.4M from $4.4M YoY; NIM compresses

## Summary
- Q2 2023 net income $2.4M ($0.57 diluted EPS) vs $4.4M ($1.04) in Q2 2022.
- Net interest margin for H1 2023 compressed to 2.98% from 3.50% in H1 2022.
- Non-performing loans fell to $12.3M (0.80% of loans) from $18.4M (1.21%) at Dec '22.
- Deposits grew to $1.80B; core deposits declined 8.6% as customers sought higher yields.
- Personnel reduced by 21 FTEs (7%); two banking centers sold generating $276K gain.

## SEC filing metadata
- accession: 0001437749-23-020651
- form_type: 8-K
- ticker: FNWD
- cik: 0000919864
- company_name: Finward Bancorp
- filed_at: 2023-07-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/919864/000143774923020651/0001437749-23-020651-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/919864/000143774923020651/fnwd20230725_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-020651
- JSON: https://secwatch.observer/filing/0001437749-23-020651.json
- Plain text: https://secwatch.observer/filing/0001437749-23-020651.txt

## Key facts
- Earnings Releases
  Finward Bancorp reported the quarter and six months ending June 30, 2023 results: net income $4.7 million, EPS $1.09 per diluted share.
  - Period: the quarter and six months ending June 30, 2023
  - Net income: $4.7 million
  - EPS: $1.09 per diluted share
  - Result: reported results
  source text: Finward Bancorp (the “Bancorp”) issued a press release reporting its unaudited financial results for the quarter and six months ending June 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/919864/000143774923020651/0001437749-23-020651-index.htm

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