Finward Bancorp
For the period ended Oct 27, 2026. Filed Oct 27, 2026.
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Oct 27, 2026 · Filed Oct 27, 2026
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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 | |||||||
|---|---|---|---|---|---|---|---|
| 9/30/2026 | 6/30/2026 | 3/31/2026 | 12/31/2025 | 9/30/2025 | 9/30/2026 | 9/30/2025 | |
| Return on equity | 3.10% | 4.74% | 5.00% | 4.66% | 8.96% | 4.29% | 5.27% |
| Return on assets | 0.27% | 0.42% | 0.44% | 0.39% | 0.68% | 0.38% | 0.40% |
| Yield on loans | 5.73% | 5.55% | 5.50% | 5.64% | 5.49% | 5.60% | 5.37% |
| Yield on security investments | 2.33% | 2.27% | 2.22% | 2.29% | 2.40% | 2.28% | 2.40% |
| Total yield on earning assets | 5.10% | 4.93% | 4.86% | 4.96% | 4.91% | 4.97% | 4.82% |
| Cost of interest-bearing deposits | 2.04% | 1.98% | 1.92% | 2.09% | 2.16% | 1.98% | 2.15% |
| Cost of federal funds purchased and repurchase agreements | 2.85% | 2.82% | 2.85% | 3.12% | 3.37% | 2.84% | 3.35% |
| Cost of borrowed funds | 3.90% | 3.80% | 3.70% | 3.70% | 3.64% | 3.80% | 3.90% |
| Total cost of interest-bearing liabilities | 2.11% | 2.06% | 2.00% | 2.16% | 2.25% | 2.06% | 2.25% |
| Net interest margin | 3.39% | 3.25% | 3.23% | 3.18% | 3.04% | 3.29% | 2.94% |
| Net interest margin, tax-equivalent (non-GAAP) (1) | 3.51% | 3.37% | 3.35% | 3.32% | 3.18% | 3.41% | 3.08% |
| Non-interest income/average assets | 0.52% | 0.48% | 0.48% | 0.29% | 0.57% | 0.49% | 0.51% |
| Non-interest expense/average assets | 3.35% | 2.95% | 2.93% | 2.90% | 2.74% | 3.08% | 2.81% |
| Efficiency ratio (non-GAAP) (1) | 91.32% | 84.52% | 84.45% | 89.50% | 81.22% | 86.85% | 87.54% |
| Non-performing assets to total assets | 0.92% | 0.90% | 0.71% | 0.65% | 0.76% | 0.92% | 0.76% |
| Non-performing loans to total loans | 1.12% | 1.10% | 0.85% | 0.77% | 0.94% | 1.12% | 0.94% |
| Allowance for credit losses to non-performing loans | 104.49% | 106.92% | 139.72% | 156.84% | 129.41% | 104.49% | 129.41% |
| Allowance for credit losses to loans receivable | 1.17% | 1.18% | 1.19% | 1.21% | 1.22% | 1.17% | 1.22% |
| Net charge-offs (recoveries) as a percentage of average loans receivable | 0.06% | (0.01%) | 0.00% | 0.08% | 0.07% | (0.01)% | (0.01)% |
| Basic earnings per share | $0.32 | $0.49 | $0.52 | $0.46 | $0.82 | $1.33 | $1.43 |
| Diluted earnings per share | $0.31 | $0.48 | $0.52 | $0.46 | $0.81 | $1.32 | $1.42 |
| Weighted average common shares outstanding—basic | 4,283,138 | 4,280,844 | 4,276,530 | 4,273,421 | 4,273,022 | 4,280,195 | 4,270,652 |
| Weighted average common shares outstanding—diluted | 4,325,700 | 4,319,052 | 4,302,206 | 4,301,462 | 4,299,007 | 4,318,918 | 4,291,171 |
| Stockholders' equity to total assets | 7.84% | 8.74% | 8.56% | 8.64% | 8.06% | 7.84% | 8.06% |
| Tangible common equity to tangible assets (non-GAAP) (1) | 6.76% | 7.68% | 7.48% | 7.56% | 6.99% | 6.76% | 6.99% |
| Book value per share | $36.45 | $41.15 | $39.81 | $40.37 | $38.24 | $36.45 | $38.24 |
| Tangible common book value per share (non-GAAP) (1) | $31.07 | $35.75 | $34.39 | $34.92 | $32.77 | $31.07 | $32.77 |
| Closing stock price | $41.65 | $36.78 | $36.30 | $35.19 | $32.09 | $41.65 | $32.09 |
| Dividends declared per common share | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.36 | $0.24 |
(1)See the reconciliation of these non-GAAP measures to the most directly comparable GAAP measures on pg 13.
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