Finward Bancorp Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Note 9 - Earnings Per Share

Note 9 - Earnings Per Share

3 Months Ended

Mar. 31, 2024

Note 9 - Earnings per 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 and diluted earnings per common share computations for the quarter ended 2024 and 2023, are as follows:

(dollars in thousands except per share data)	Quarter Ended March 31,
	2024		2023
Basic earnings per common share:
Net income as reported	$	9,279	$	2,240
Weighted average common shares outstanding		4,256,667		4,342,386
Basic earnings per common share	$	2.18	$	0.52

Diluted earnings per common share:
Net income as reported	$	9,279	$	2,240
Weighted average common shares outstanding		4,256,667		4,342,386
Add: Dilutive effect of unvested restricted stock awards		14,028		11,487
Weighted average common and dilutive potential common shares outstanding		4,270,695		4,353,873
Diluted earnings per common share	$	2.17	$	0.51