Finward Bancorp Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Note 14 - Earnings Per Common Share

Note 14 - Earnings Per Common Share

12 Months Ended

Dec. 31, 2020

Note 14 – Earnings per Common Share

Earnings per common share is computed by dividing net income by the weighted-average number of common shares outstanding. A reconciliation of the numerators and denominators of the basic earnings per common share and diluted earnings per common share computations for 2020 and 2019 is presented below.

	2020		2019
Basic earnings per common share:
Net income as reported	$	16,604	$	12,097
Weighted average common shares outstanding		3,461,948		3,425,056
Basic earnings per common share	$	4.80	$	3.53

Diluted earnings per common share:
Net income as reported	$	16,604	$	12,097
Weighted average common shares outstanding		3,461,948		3,425,056
Weighted average common and dilutive potential common shares outstanding		3,461,948		3,425,056
Diluted earnings per common share	$	4.80	$	3.53