Finward Bancorp reports results for the quarter ended in March - Earnings Summary

Finward Bancorp

24/04/2024 22:02

* Finward Bancorp  FNWD.OQ  reported quarterly adjusted
earnings
of $2.17​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of 51
cents.  The lone analyst forecast for the quarter was
for earnings of 42 cents per share. 
    * Revenue rose 46.2% to $25.26 million from a year ago;
analysts
expected $27.80 million. 
    * Finward Bancorp's reported EPS for the quarter was $2.17​.
    * The company reported quarterly net income of $9.28
million.
    * Finward Bancorp shares had fallen by 0.2% this quarter and
lost 2.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 75% in
the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 1 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "strong buy"

Wall Street's median 12-month price target for Finward Bancorp
is $29.00 
This summary was machine generated from LSEG data April 24 at
09:02 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      0.42           2.17           Beat
 Dec. 31 2023      0.46           0.35           Missed
 Sep. 30 2023      0.51           0.52           Beat
 Jun. 30 2023      0.57           0.57           Met