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

Quarterly report [Sections 13 or 15(d)]

Earnings per Share

Earnings per Share

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2026 and 2025, are as follows:


	Three months ended June 30,				Six months ended June 30,
(dollars in thousands except per share data)	2026		2025		2026		2025
Basic earnings per common share:
Net income as reported	$	2,093	$	2,151	$	4,335	$	2,606
Weighted average common shares outstanding—basic	4,280,844		4,271,952		4,278,699		4,269,478
Basic earnings per common share	$	0.49	$	0.50	$	1.01	$	0.61

Diluted earnings per common share:
Net income as reported	$	2,093	$	2,151	$	4,335	$	2,606
Weighted average common shares outstanding	4,280,844		4,271,952		4,278,699		4,269,478
Add: Dilutive effect of shares	38,208		24,466		37,907		19,238
Weighted average common shares outstanding—diluted	4,319,052		4,296,418		4,316,606		4,288,716
Diluted earnings per common share	$	0.48	$	0.50	$	1.00	$	0.61