secwatch.observer — SEC 8-K summary
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Issuer:     Finward Bancorp (FNWD)
CIK:        0000919864
Form:       8-K
Filed at:   2024-07-24T23:59:59+00:00
Accession:  0001437749-24-023345
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/919864/000143774924023345/0001437749-24-023345-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/919864/000143774924023345/fnwd20240718_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-023345

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer