Finward Bancorp
For the period ended Oct 28, 2025. Filed Oct 28, 2025.
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Oct 28, 2025 · Filed Oct 28, 2025
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FNWD$43.74+0.7%Stored close · as of Nov 6, 2026
Contents
EX-99.1 · Performance Ratios
Performance Ratios
| Quarter Ended · Nine Months Ended | |||||||
|---|---|---|---|---|---|---|---|
| 9/30/2025 | 6/30/2025 | 3/31/2025 | 12/31/2024 | 9/30/2024 | 9/30/2025 | 9/30/2024 | |
| Return on equity | 8.96% | 5.66% | 1.17% | 5.39% | 1.60% | 5.27% | 4.50% |
| Return on assets | 0.68% | 0.42% | 0.09% | 0.41% | 0.12% | 0.40% | 0.64% |
| Yield on loans | 5.49% | 5.36% | 5.25% | 5.27% | 5.22% | 5.37% | 5.12% |
| Yield on security investments | 2.40% | 2.42% | 2.38% | 2.34% | 2.37% | 2.40% | 2.39% |
| Total yield on earning assets | 4.91% | 4.82% | 4.71% | 4.74% | 4.70% | 4.82% | 4.62% |
| Cost of interest-bearing deposits | 2.16% | 2.12% | 2.17% | 2.41% | 2.47% | 2.15% | 2.40% |
| Cost of repurchase agreements | 3.37% | 3.32% | 3.35% | 3.65% | 4.04% | 3.35% | 3.93% |
| Cost of borrowed funds | 3.64% | 3.91% | 4.12% | 4.31% | 4.56% | 3.90% | 4.70% |
| Total cost of interest-bearing liabilities | 2.25% | 2.22% | 2.28% | 2.53% | 2.63% | 2.25% | 2.57% |
| Net interest margin | 3.04% | 2.97% | 2.81% | 2.65% | 2.53% | 2.94% | 2.49% |
| Net interest margin, tax-equivalent (non-GAAP) (1) | 3.18% | 3.11% | 2.95% | 2.79% | 2.66% | 3.08% | 2.63% |
| Non-interest income/average assets | 0.57% | 0.53% | 0.43% | 0.72% | 0.55% | 0.51% | 1.21% |
| Non-interest expense/average assets | 2.74% | 2.90% | 2.81% | 2.75% | 2.80% | 2.81% | 2.82% |
| Efficiency ratio (non-GAAP) (1) | 81.22% | 88.92% | 93.11% | 87.20% | 97.32% | 87.54% | 80.16% |
| Non-performing assets to total assets | 0.76% | 0.74% | 0.69% | 0.74% | 0.73% | 0.76% | 0.73% |
| Non-performing loans to total loans | 0.94% | 0.91% | 0.84% | 0.91% | 0.92% | 0.94% | 0.92% |
| Allowance for credit losses to non-performing loans | 129.41% | 133.01% | 143.84% | 123.10% | 134.12% | 129.41% | 134.12% |
| Allowance for credit losses to loans receivable | 1.22% | 1.22% | 1.20% | 1.12% | 1.23% | 1.22% | 1.23% |
| Net charge-offs (recoveries) as a percentage of average loans receivable | 0.07% | (0.11%) | 0.01% | 0.59% | 0.05% | (0.01%) | (0.01)% |
| Basic earnings per share | $0.82 | $0.50 | $0.11 | $0.49 | $0.14 | $1.43 | $2.35 |
| Diluted earnings per share | $0.81 | $0.50 | $0.11 | $0.49 | $0.14 | $1.42 | $2.35 |
| Weighted average common shares outstanding—basic | 4,273,022 | 4,271,952 | 4,266,976 | 4,261,079 | 4,260,809 | 4,270,652 | 4,259,063 |
| Weighted average common shares outstanding—diluted | 4,299,007 | 4,291,319 | 4,284,496 | 4,286,742 | 4,281,148 | 4,291,171 | 4,271,664 |
| Stockholders' equity to total assets | 8.06% | 7.48% | 7.44% | 7.35% | 7.69% | 8.06% | 7.69% |
| Tangible common equity to tangible assets (non-GAAP) (1) | 6.99% | 6.41% | 6.34% | 6.24% | 6.58% | 6.99% | 6.58% |
| Tangible common equity adjusted for accumulated other comprehensive loss to tangible assets (non-GAAP) (1) | 9.42% | 9.24% | 9.23% | 9.10% | 8.93% | 9.42% | 8.93% |
| Book value per share | $38.24 | $35.67 | $35.10 | $35.10 | $36.99 | $38.24 | $36.99 |
| Tangible common book value per share (non-GAAP) (1) | $32.77 | $30.16 | $29.55 | $29.48 | $31.28 | $32.77 | $31.28 |
| Tangible common book value per share adjusted for accumulated other comprehensive loss (non-GAAP) (1) | $44.16 | $43.47 | $43.02 | $42.94 | $42.47 | $44.16 | $42.47 |
| Closing stock price | $32.09 | $27.62 | $29.10 | $28.11 | $31.98 | $32.09 | $31.98 |
| Dividends declared per common share | $0.12 | $0.12 | $— | $0.12 | $0.12 | $0.24 | $0.36 |
(1)See the reconciliation of these non-GAAP measures to the most directly comparable GAAP measures on pg 13.
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