secwatch.observer — SEC 8-K summary
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Issuer:     Finward Bancorp (FNWD)
CIK:        0000919864
Form:       8-K
Filed at:   2023-07-26T23:59:59+00:00
Accession:  0001437749-23-020651
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/919864/000143774923020651/0001437749-23-020651-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/919864/000143774923020651/fnwd20230725_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-020651

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