Finward Bancorp Q1 EPS rises from prior quarter on favorable cut in funding costs

Finward Bancorp

28/04/2026 21:42

Overview

US regional bank's Q1 net income and EPS rose from prior quarter

Net interest margin improved from previous quarter, driven by lower funding costs

Company to close two branch locations early in Q2 as part of efficiency efforts

Outlook

Finward Bancorp expects net interest margin expansion and further earnings improvement in coming quarters

Company says actions taken are allowing renewed focus on customer growth and service as year progresses

Finward Bancorp to close two branch locations early in the second quarter as part of efficiency efforts

Result Drivers

FUNDING COSTS - Net interest margin increased from the prior quarter primarily due to a favorable reduction in funding costs

NON-INTEREST INCOME - Non-interest income rose from the prior quarter, mainly due to the absence of $1.6 mln in realized losses on the sale of investment securities recorded in Q4 2025

OPERATING EXPENSES - Total non-interest expense decreased slightly from the prior quarter, mainly due to lower data processing, technology, and occupancy costs

Company press release: ID:nBw7fq02ka

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$0.52
Q1 Net Income
$2.20 mln
Q1 Adjusted Net Interest Margin
3.35%
Q1 Net Interest Margin
3.23%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for Finward Bancorp is $39.00, about 16.3% above its April 27 closing price of $33.53

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 14 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)