---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-023345"
form_type: "8-K"
ticker: "FNWD"
cik: "0000919864"
company_name: "Finward Bancorp"
filed_at: "2024-07-24T23:59:59+00:00"
generated_at: "2026-05-31T17:43:59.405839+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Finward Bancorp Q2 net income plunges to $0.03 EPS from $0.57 YoY

## Summary
- Net income $143k ($0.03 diluted EPS) vs $2.4M ($0.57) in Q2 2023; six-month net income $9.4M ($2.21).
- Tax-adjusted NIM improved to 2.67% from 2.57% QoQ; asset yields increasing as loans reprice higher.
- Deposits grew to $1.8B (+$9.2M QoQ); BTFP balance reduced to $60M from $65M.
- Non-performing loans fell to $11.4M (0.75% of loans); ACL coverage ratio 161.2%.
- Tangible book value per share $28.67 (down from $29.30); Bank remains well capitalized.

## SEC filing metadata
- accession: 0001437749-24-023345
- form_type: 8-K
- ticker: FNWD
- cik: 0000919864
- company_name: Finward Bancorp
- filed_at: 2024-07-24T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/919864/000143774924023345/0001437749-24-023345-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/919864/000143774924023345/fnwd20240718_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-023345
- JSON: https://secwatch.observer/filing/0001437749-24-023345.json
- Plain text: https://secwatch.observer/filing/0001437749-24-023345.txt

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