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

Quarterly report [Sections 13 or 15(d)]

Earnings per Share

Earnings per Share

3 Months Ended

Mar. 31, 2026

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 three months ended March 31, 2026 and 2025, are as follows:


	Three months ended March 31,
(dollars in thousands except per share data)	2026		2025
Basic earnings per common share:
Net income as reported	$	2,242	$	455
Weighted average common shares outstanding—basic	4,276,530		4,266,976
Basic earnings per common share	$	0.52	$	0.11

Diluted earnings per common share:
Net income as reported	$	2,242	$	455
Weighted average common shares outstanding	4,276,530		4,266,976
Add: Dilutive effect of unvested restricted stock awards	25,676		17,520
Weighted average common shares outstanding—diluted	4,302,206		4,284,496
Diluted earnings per common share	$	0.52	$	0.11