---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-013013"
form_type: "8-K"
ticker: "FNWD"
cik: "0000919864"
company_name: "Finward Bancorp"
filed_at: "2024-04-24T23:59:59+00:00"
generated_at: "2026-06-03T11:01:39.477283+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Finward Bancorp Q1 net income $9.3M ($2.17 EPS); $11.8M pre-tax gain from sale-leaseback

## Summary
- Net income available to common $9.3M, $2.17 diluted EPS vs $2.2M, $0.51 prior year.
- Pre-tax non-interest income gain of ~$11.8M from sale-leaseback of five branches for $17.2M.
- Net interest margin 2.42% (quarter) vs 3.07% a year ago; deposits down 3.6% to $1.7B.
- Tangible book value $29.30/share, up from $28.31; Tier 1 capital ratio improved to 8.24%.
- Non-performing loans $11.8M, 0.78% of loans; allowance coverage ratio 159.1%.

## SEC filing metadata
- accession: 0001437749-24-013013
- form_type: 8-K
- ticker: FNWD
- cik: 0000919864
- company_name: Finward Bancorp
- filed_at: 2024-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/919864/000143774924013013/0001437749-24-013013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/919864/000143774924013013/fnwd20240418_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-013013
- JSON: https://secwatch.observer/filing/0001437749-24-013013.json
- Plain text: https://secwatch.observer/filing/0001437749-24-013013.txt

## Key facts
- Earnings Releases
  Finward Bancorp reported for the quarter ended March 31, 2024 results: net income $9.3 million, EPS $2.17 per diluted share.
  - Period: for the quarter ended March 31, 2024
  - Net income: $9.3 million
  - EPS: $2.17 per diluted share
  - Result: reported results
  source text: Finward Bancorp (Nasdaq: FNWD) (the “Bancorp”), the holding company for Peoples Bank (the “Bank”), today announced that net income available to common stockholders was $9.3 million, or $2.17 per diluted share, for the quarter ended March 31, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/919864/000143774924013013/0001437749-24-013013-index.htm

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