FNWD 8-K SEC Filing Analysis

Latest settled — T+20d

FNWD ▲ +2.54% at T+20d

NEUTRAL call ✓ call won +2.54% · α vs SPY -2.92% · entry $31.92 → $32.73

Next anchor: T+60d in 6w

Currently $33.13 · +3.79% from $31.92 entry

Entry anchored
Apr 28, 03:58 PM ET
via Databento tick

T+1d

0.00%

call 0.00% · α -1.02%

$31.92

settled 6w ago

T+5d

-1.94%

call -1.94% · α -5.05%

$31.30

settled 5w ago

T+20d

+2.54%

call +2.54% · α -2.92%

$32.73

settled 14d ago

T+60d

—

call — · α —

—

in 6w

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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.

Actionable Insight

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.

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

epsrevenuenon-performing loans

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

Exchange

Nasdaq

Sector

Savings Institution, Federally Chartered

Analyst Consensus

75% bullish (8 analysts)

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

4 reports for FNWD

T+1T+5T+20T+60

Filters

Reports for FNWD — sortable, filterable
	Type				Now
Apr 28, 2026 6w ago	8-K MIXED ★ 5/10	$31.92 $32.73	▲ +2.54%	▼ −2.92%	$33.13 (+3.79%)
Mar 31, 2026 10w ago	Insider Cluster NEUTRAL ★ 2/10	$36.30 $32.72	▼ −9.88%	▼ −19.30%	$33.13 (−8.73%)
Feb 24, 2026 15w ago	8-K NEUTRAL ★ 3/10	$36.48 $36.67	▲ +0.51%	▲ +5.75%	$33.13 (−9.19%)
Dec 30, 2025 23w ago	Insider Cluster NEUTRAL ★ 2/10	$35.32 $36.22	▲ +2.57%	▲ +1.53%	$33.13 (−6.19%)

US Market Status

Market Closed — Opens Thu (9h 34m)

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