secwatch.observer — SEC 8-K summary
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Issuer:     Finward Bancorp (FNWD)
CIK:        0000919864
Form:       8-K
Filed at:   2025-01-28T23:59:59+00:00
Accession:  0001628280-25-002844
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/919864/000162828025002844/0001628280-25-002844-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/919864/000162828025002844/fnwd-20250128.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-002844

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