Finward Bancorp Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

Note 9 - Earnings Per Share

Note 9 - Earnings Per Share

3 Months Ended

Mar. 31, 2025

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 quarters ended March 31, 2025 and 2024, are as follows:

(dollars in thousands except per share data)	Quarter Ended March 31,
	2025		2024
Basic earnings per common share:
Net income as reported	$	455	$	9,279
Weighted average common shares outstanding		4,266,976		4,256,667
Basic earnings per common share	$	0.11	$	2.18

Diluted earnings per common share:
Net income as reported	$	455	$	9,279
Weighted average common shares outstanding		4,266,976		4,256,667
Add: Dilutive effect of unvested restricted stock awards		17,520		14,028
Weighted average common and dilutive potential common shares outstanding		4,284,496		4,270,695
Diluted earnings per common share	$	0.11	$	2.17