secwatch.observer — SEC 8-K summary
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Issuer:     Finward Bancorp (FNWD)
CIK:        0000919864
Form:       8-K
Filed at:   2025-05-01T23:59:59+00:00
Accession:  0001437749-25-013920
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Finward Bancorp Q1 net income drops to $456K ($0.11 EPS) from $9.3M a year ago
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- Net income available to common stockholders $456K ($0.11 diluted EPS) vs $2.1M ($0.49) in Q4 2024 and $9.3M ($2.17) in Q1 2024.
- Tax-adjusted net interest margin expanded to 2.95% from 2.79% in Q4 2024, driven by lower deposit and borrowing costs.
- Non-performing loans improved to $12.5M (0.84% of total loans) from $13.7M (0.91%) at December 31, 2024.
- Provision for credit loss expense totaled $454K; net charge-offs $32.7K, down sharply from $2.2M in Q4 2024.
- Tangible book value per share rose to $29.55 from $29.48; Tier 1 capital ratio of 8.48%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/919864/000143774925013920/0001437749-25-013920-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/919864/000143774925013920/fnwd20250426_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-013920

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