Finward Q2 net income surges to $2.2M (+1404%) as net interest margin expands 44bp

Filed August 13, 2025 · Period ending June 30, 2025 · Compared to 10-Q Aug 14, 2024 · ~1 min read

Key Changes

• high

  Net income rose to $2.2M ($0.50 diluted EPS) in Q2 2025 from $143K ($0.03 EPS) in Q2 2024, a 1404% increase driven by net interest margin expansion from 2.67% to 3.11% as deposit and borrowing costs fell while loan yields rose.

  MD&A: Quarterly Profitability verify on EDGAR →
• high

  FDIC and Indiana DFI terminated the November 2023 Consent Order relating to Bank Secrecy Act compliance on August 6, 2025, following successful remediation of identified deficiencies.

  MD&A: Regulatory Matters verify on EDGAR →
• high

  Six-month net income declined 72% to $2.6M from $9.4M in the prior-year period, which included an $11.8M one-time gain on a February 2024 sale-leaseback transaction that did not recur.

  MD&A: Year-to-Date Results verify on EDGAR →