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

Quarterly report [Sections 13 or 15(d)]

Earnings per Share

Earnings per Share

9 Months Ended

Sep. 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 nine months ended September 30, 2026 and 2025, are as follows:


	Three months ended September 30,				Nine months ended September 30,
(dollars in thousands except per share data)	2026		2025		2026		2025
Basic earnings per common share:
Net income as reported	$	1,361	$	3,497	$	5,696	$	6,103
Weighted average common shares outstanding—basic	4,283,138		4,273,022		4,280,195		4,270,652
Basic earnings per common share	$	0.32	$	0.82	$	1.33	$	1.43

Diluted earnings per common share:
Net income as reported	$	1,361	$	3,497	$	5,696	$	6,103
Weighted average common shares outstanding	4,283,138		4,273,022		4,280,195		4,270,652
Add: Dilutive effect of shares	42,562		25,985		38,723		20,519
Weighted average common shares outstanding—diluted	4,325,700		4,299,007		4,318,918		4,291,171
Diluted earnings per common share	$	0.31	$	0.81	$	1.32	$	1.42