Finward Bancorp Q3 Profit Falls to $1.4 Million, $0.31 a Share, on Merger Costs
Finward Bancorp reported unaudited third-quarter 2026 net income available to common stockholders of $1.4 million, or $0.31 per diluted share, down from $2.1 million, or $0.48 per diluted share, in the second quarter. The company said the decline reflected merger-related compensation and third-party costs tied to its pending merger with First Financial, even as net interest income rose to $15.9 million from $15.2 million. Tangible book value per share fell to $31.07 from $35.75.
Key points
- Net income of $1.4 million, or $0.31 per diluted share, for the quarter ended September 30, 2026, versus $2.1 million, or $0.48, for the quarter ended June 30, 2026
- Total non-interest expense rose to $17.0 million from $14.9 million, with the efficiency ratio at 91.32% versus 84.52%
- Net interest income increased to $15.9 million from $15.2 million, and net interest margin rose to 3.39% from 3.25%
- Tangible book value per share was $31.07 at September 30, 2026, down from $35.75 at June 30, 2026
The filing
Written by AI on Nov 9, 2026, 8:28 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 27, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.