---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-035315"
form_type: "8-K"
ticker: "FNWD"
cik: "0000919864"
company_name: "Finward Bancorp"
filed_at: "2023-12-26T23:59:59+00:00"
generated_at: "2026-06-07T07:41:21.143823+00:00"
event_type: "dividend"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Finward Bancorp cuts quarterly dividend to $0.12 from prior quarter's level to build capital

## Summary
- Board declared $0.12 per share dividend payable Feb 5, 2024 to holders of record Jan 23, 2024.
- Dividend is lower than Q3 2023 level; CEO cites need to accelerate capital build-up and strengthen balance sheet.
- Peoples Bank remains well-capitalized; Board will review dividend policy periodically.
- Bank operates under FDIC/DFI consent order that restricts dividends without prior regulatory approval.

## SEC filing metadata
- accession: 0001437749-23-035315
- form_type: 8-K
- ticker: FNWD
- cik: 0000919864
- company_name: Finward Bancorp
- filed_at: 2023-12-26T23:59:59+00:00
- event_type: dividend
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/919864/000143774923035315/0001437749-23-035315-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/919864/000143774923035315/fnwd20231226_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-035315
- JSON: https://secwatch.observer/filing/0001437749-23-035315.json
- Plain text: https://secwatch.observer/filing/0001437749-23-035315.txt

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