Monitor next quarter for the trajectory of non-performing loans and whether the bank can improve operating efficiency to meet consensus expectations. The sequential improvement in net interest margin supports the outlook, but the consensus miss may pressure the stock near term.
Price Chart
Executive Summary
Finward Bancorp reported Q1 2026 EPS of $0.52 and revenue of $17.5M, missing consensus estimates of $0.54 and $18.4M. Net income grew sequentially and YoY (vs $0.11 in Q1 2025), but the miss and a rise in non-performing loans to $12.4M temper the positive.
Key Financial Metrics
Key Facts
- Q1 2026 EPS $0.52 vs consensus $0.54 (miss of 3.7%)
- Revenue $17.5M vs consensus $18.4M (miss of 4.9%)
- YoY revenue growth of 12.5% (from $15.5M)
- Net income of $2.2M, up from $2.0M in Q4 2025 and $0.5M in Q1 2025
- Net interest margin expanded to 3.23% from 3.18% QoQ
- Non-performing loans increased to $12.4M from $11.2M (10.7% QoQ)
- Tangible book value per share declined to $34.39 from $34.92
- No explicit guidance provided in the release
Financial Impact
Earnings miss of ~$0.02 per share vs consensus, revenue shortfall of ~$0.9M
Risk Factors
- Rising non-performing loans could pressure credit costs
- Tangible book value per share declining may concern value-oriented investors
- Missed consensus estimates could lead to analyst downgrades
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-027909 |
| Document: fnwd-20260428.htm | 0001628280-26-027909 |
| Document: 0001628280-26-027909-index-headers.html | 0001628280-26-027909 |
| Document: 0001628280-26-027909-index.html | 0001628280-26-027909 |
| Document: 0001628280-26-027909.txt | 0001628280-26-027909 |
| 8-K Data (Synthetic) | 0001628280-26-027909 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 21, 2026 13w ago | 425 | $44.79 $41.79 | ▼ −6.70% | ▼ −9.96% | $43.53 (−2.81%) |
Jul 21, 2026 13w ago | 425 | $44.79 $41.79 | ▼ −6.70% | ▼ −9.96% | $43.53 (−2.81%) |
Jul 1, 2026 16w ago | Insider Cluster | $36.82 $42.26 | ▲ +14.77% | ▲ +11.82% | $43.53 (+18.22%) |
Jul 1, 2026 16w ago | Insider Cluster | $36.82 $42.26 | ▲ +14.77% | ▲ +11.82% | $43.53 (+18.22%) |
Jul 1, 2026 16w ago | Insider Cluster | $36.82 $42.26 | ▲ +14.77% | ▲ +11.82% | $43.53 (+18.22%) |
Jun 11, 2026 19w ago | Institutional Cluster | $34.00 $43.90 | ▲ +29.12% | ▲ +24.72% | $43.53 (+28.03%) |
Apr 28, 2026 25w ago | 8-K | $31.92 $44.61 | ▲ +39.76% | ▲ +35.64% | $43.53 (+36.37%) |
Mar 31, 2026 30w ago | Insider Cluster | $36.30 $34.07 | ▼ −6.14% | ▼ −18.53% | $43.53 (+19.92%) |
Feb 24, 2026 34w ago | 8-K | $36.48 $33.80 | ▼ −7.35% | ▼ −14.30% | $43.53 (+19.32%) |
Dec 30, 2025 43w ago | Insider Cluster | $35.32 $35.26 | ▼ −0.16% | ▲ +7.49% | $43.53 (+23.26%) |
US Market Status
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