{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-002554","form_type":"8-K","ticker":"FNWD","cik":"0000919864","company_name":"Finward Bancorp","filed_at":"2024-01-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.287328+00:00","generated_at":"2026-06-06T15:39:12.679002+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 FY2023 net income $8.4M ($1.96/dil.) vs $15.1M; sale-leaseback for $17.2M","bullets":["Net income 2023: $8.4M ($1.96/dil.) vs $15.1M ($3.60/dil.) in 2022; Q4 2023 net income $1.5M ($0.35/dil.) vs $4.0M ($0.93/dil.).","Net interest margin fell to 2.83% from 3.56% due to rising short-term rates relative to long-term rates.","Non-performing loans decreased to $11.5M (0.76% of loans) from $18.4M (1.21%) aided by a $5.4M substandard loan sale in December.","Sale-leaseback of 5 branches for $17.2M expected close by Feb 2024; estimated ~$11.7M gain exceeding book value, initial annual rent $1.5M.","Tangible book value per share rose to $28.31 from $25.41; bank remains well-capitalized with tier 1 leverage ratio 7.8%."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-002554","json":"https://secwatch.observer/filing/0001437749-24-002554.json","markdown":"https://secwatch.observer/filing/0001437749-24-002554.md","text":"https://secwatch.observer/filing/0001437749-24-002554.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/919864/000143774924002554/0001437749-24-002554-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/919864/000143774924002554/fnwd20240126_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T15:39:12.679002+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}