---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-002844"
form_type: "8-K"
ticker: "FNWD"
cik: "0000919864"
company_name: "Finward Bancorp"
filed_at: "2025-01-28T23:59:59+00:00"
generated_at: "2026-05-27T08:52:27.362870+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Finward Bancorp FY2024 net income $12.1M ($2.84/share); Q4 net income $2.1M, NIM improves to 2.65%

## Summary
- FY2024 net income $12.1M ($2.84 diluted EPS) vs $8.4M ($1.96) in 2023; Q4 net income $2.1M ($0.49) vs $1.5M ($0.35) a year ago.
- Net interest margin improved to 2.65% in Q4 2024 from 2.51% in Q3 2024; tax-adjusted NIM was 2.79% vs 2.66%.
- Recorded $1.2M one-time gain on termination of a tax credit investment; net charge-offs of $2.2M on a small number of commercial loans.
- Loans flat at $1.5B; deposits up $11.8M to $1.8B; non-interest-bearing deposits decreased $21.8M to $263.3M.
- Tangible book value per share $29.48 (down from $31.28); adjusted for AOCL increased to $42.94; tier 1 capital ratio improved to 8.46%.

## SEC filing metadata
- accession: 0001628280-25-002844
- form_type: 8-K
- ticker: FNWD
- cik: 0000919864
- company_name: Finward Bancorp
- filed_at: 2025-01-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/919864/000162828025002844/0001628280-25-002844-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/919864/000162828025002844/fnwd-20250128.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-002844
- JSON: https://secwatch.observer/filing/0001628280-25-002844.json
- Plain text: https://secwatch.observer/filing/0001628280-25-002844.txt

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