Finward Bancorp reports results for the quarter ended March 31 - Earnings Summary

Finward Bancorp

01/05/2025 24:47

Finward Bancorp FNWD.OQ reported quarterly adjusted earnings of 11 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of $2.17.  The mean expectation of two analysts for the quarter was for earnings of 10 cents per share. Wall Street expected results to range from 4 cents to 15 cents per share.

Revenue fell 38.5% to $15.54 million from a year ago; analysts expected $16.25 million.

Finward Bancorp's reported EPS for the quarter was 11 cents​.

The company reported quarterly net income of $456 thousand.

Finward Bancorp shares had risen by 6.2% this quarter and gained 9.9% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had risen by about 26.7% 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 "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 also "buy"

Wall Street's median 12-month price target for Finward Bancorp is $31.00

This summary was machine generated from LSEG data April 30 at 11:47 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 2025
0.10
0.11
Beat
Dec. 31 2024
0.20
0.49
Beat
Sep. 30 2024
0.18
0.14
Missed
Jun. 30 2024
-0.09
0.03
Beat