Finward net income more than quadruples to $2.2 million in Q1 2026

• Finward Bancorp posted Q1 net income of USD 2.2 million, more than doubled from USD 455,000 a year earlier; diluted EPS rose to USD 0.52.
• Net interest income climbed 13.2% to USD 15.1 million as net interest margin widened 0.42 percentage points to 3.23%.
• Provision for credit losses swung to a benefit of USD 224,000 from an expense of USD 1.08 million; non-performing loans increased to USD 12.37 million, lifting the NPL ratio to 0.85% from 0.77% at year-end.
• Total deposits slipped 0.5% to USD 1.72 billion, while loans receivable, net of deferred fees and costs, edged up to USD 1.46 billion from USD 1.45 billion at year-end.
• Memorandum of understanding with FDIC and Indiana DFI remained in place, requiring prior regulatory approval for cash dividends; total assets stood at USD 2.0 billion with book value per share of USD 39.81.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Finward Bancorp published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-034588), on May 13, 2026, and is solely responsible for the information contained therein.