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

9 Months Ended

Sep. 30, 2020

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 three and nine months ended September 30, 2020, and 2019 are as follows:

	Three Months Ended				Nine Months Ended
(Dollars in thousands, except per share data)	September 30,				September 30,
	2020		2019		2020		2019
Basic earnings per common share:
Net income as reported	$	4,903	$	3,578	$	13,158	$	9,823
Weighted average common shares outstanding..		3,463,136		3,451,797		3,461,598		3,416,045
Basic earnings per common share	$	1.42	$	1.04	$	3.80	$	2.88
Diluted earnings per common share:						-
Net income as reported	$	4,903	$	3,578	$	13,158	$	9,823
Weighted average common shares outstanding..		3,463,136		3,451,797		3,461,598		3,416,045
Weighted average common and dilutive potential common shares outstanding		3,463,136		3,451,797		3,461,598		3,416,045
Diluted earnings per common share	$	1.42	$	1.04	$	3.80	$	2.88