Finward Bancorp Q2 net income rises, net interest margin improves

Finward Bancorp

29/07/2025 22:19

Overview

Finward Bancorp Q2 net income rises to $2.2 mln from $455,000 in Q1

Net interest margin improves to 3.11% on a tax-equivalent basis

Non-performing loans increase, but asset quality remains stable

Outlook

Company sees opportunities in improving operating expenses and non-interest income

Result Drivers

NET INTEREST MARGIN - Increased to 3.11% due to higher loan yields from repricing and improved funding costs and mix

ASSET QUALITY - Remained stable with strong net recoveries supporting profitability

OPERATING EXPENSES - Rose due to higher data processing and marketing expenses, with potential for future efficiencies

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
$0.5
Q2 Net Income
$2.20 mln
Q2 Adjusted Net Interest Margin
3.1%
Q2 Net Interest Margin
3.0%


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 $33.00, about 15.8% above its July 28 closing price of $27.79

The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 23 three months ago

Press Release: ID:nBwQlPV7a

(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.)