Finward Bancorp reported its financial results for the third quarter of 2025, revealing a net income of $3.5 million, or $0.81 per diluted share, a significant increase from the $606,000, or $0.14 per diluted share, recorded in the same period last year. For the nine months ending September 30, 2025, the company reported a net income of $6.1 million, down from $10 million in the prior year. The return on average assets (ROA) for the quarter was 0.68%, while the return on average equity (ROE) was 8.96%. The decrease in year-to-date net income was attributed to a decline in non-interest income, primarily due to a lack of significant one-time gains that were present in the previous year.
Total assets for Finward Bancorp stood at $2.1 billion as of September 30, 2025, a slight decrease from $2.06 billion at the end of 2024. The company’s loan portfolio remained stable, with net loans receivable totaling $1.5 billion, consistent with the previous year. The composition of the loan portfolio showed a slight shift, with commercial real estate loans increasing to 38.4% of total loans, up from 36.6% at the end of 2024. The company’s allowance for credit losses was $17.98 million, representing 1.22% of total loans, compared to 1.12% at the end of the previous year.
In terms of deposits, Finward Bancorp reported a total of $1.75 billion, a decrease of $9.9 million or 0.6% from the end of 2024. The decline was primarily due to reduced activity in certificates of deposit and savings accounts, although money market accounts saw an increase of 13%. The company’s liquidity position remains strong, with available liquidity of $737.1 million, including borrowing capacity from the Federal Home Loan Bank and the Federal Reserve.
Strategically, the company has made significant operational changes, including the termination of a Consent Order with the FDIC and the Indiana Department of Financial Institutions, which had been in place since November 2023. This termination followed the successful resolution of compliance issues related to the Bank Secrecy Act. Additionally, the company has implemented a new equity incentive plan, the Finward Bancorp 2025 Omnibus Equity Incentive Plan, which was approved by shareholders in May 2025. Looking ahead, management remains cautious about the impact of economic conditions and regulatory changes on future performance, particularly in light of the recent federal tax legislation and ongoing market volatility.
About Finward Bancorp
Finward Bancorp is a bank holding company for Peoples Bank, a community bank serving Northwest Indiana and Illinois. It offers traditional banking services, including deposit accounts, residential and commercial loans, and wealth management. The company focuses on retail banking, real estate, and small business lending, leveraging its regional presence, regulatory compliance, and competitive products to serve local markets with a core value of community-oriented financial services.
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