{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-028892","form_type":"8-K","ticker":"FNWD","cik":"0000919864","company_name":"Finward Bancorp","filed_at":"2023-10-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.399479+00:00","generated_at":"2026-06-09T12:57:45.857210+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Finward Bancorp Q3 net income drops to $2.2M ($0.51/sh) from $4.6M; NIM compresses to 2.89%","bullets":["Net income for Q3 2023 was $2.2 million ($0.51 per diluted share), down from $4.6 million ($1.07) in Q3 2022.","Net interest margin for nine months ended Sept 30, 2023 was 2.89%, down from 3.56% in prior year, due to rate hikes.","Non-performing loans decreased to $10.1 million (0.66% of loans) from $18.4 million (1.21%) at Dec 31, 2022.","Tangible book value per share fell to $21.63 from $25.41, driven by $78.8M in AOCI losses from securities portfolio.","Operating expenses controlled: non-interest expense/average assets improved to 2.67% from 3.04%; reduced FTEs by 17."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-028892","json":"https://secwatch.observer/filing/0001437749-23-028892.json","markdown":"https://secwatch.observer/filing/0001437749-23-028892.md","text":"https://secwatch.observer/filing/0001437749-23-028892.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/919864/000143774923028892/0001437749-23-028892-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/919864/000143774923028892/fnwd20231024_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T12:57:45.857210+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f390f36b26fa68851eecd63efaaa9c8b7ea7e0b7","claim":"Finward Bancorp reported the quarter and nine months ending September 30, 2023 results: net income $6.9 million, or $1.60 per diluted share, for the nine months ended September 30, 2023.","evidence_excerpt":"On October 25, 2023, Finward Bancorp (the “Bancorp”) issued a press release reporting its unaudited financial results for the quarter and nine months ending September 30, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/919864/000143774923028892/0001437749-23-028892-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter and nine months ending September 30, 2023"},{"label":"Net income","value":"$6.9 million, or $1.60 per diluted share, for the nine months ended September 30, 2023"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}