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, 2020

Notes to Financial Statements

Earnings Per Share [Text Block]

Note

- 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

three

months ended

March 31, 2020,

and

2019

are as follows:

	Three Months Ended
(Dollars in thousands, except per share data)	March 31,
	2020		2019
Basic earnings per common share:
Net income as reported	$	3,192	$	2,222
Weighted average common shares outstanding		3,458,505		3,343,183
Basic earnings per common share	$	0.92	$	0.66
Diluted earnings per common share:
Net income as reported	$	3,192	$	2,222
Weighted average common shares outstanding		3,458,505		3,343,183
Add: Dilutive effect of assumed stock option exercises		-		-
Weighted average common and dilutive potential common shares outstanding		3,458,505		3,343,183
Diluted earnings per common share	$	0.92	$	0.66