Finward Q2 net income surges to $2.2M (+1404%)

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

Key Changes

• high

  Six-month net income declined from in the prior-year period, which included an one-time gain on a February 2024 sale-leaseback transaction that did not recur.

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

  Allowance for credit losses coverage ratio to 134.4% of non-performing loans, while the ACL-to-total-loans ratio at 1.23%, reflecting changes in non-performing loan composition.

  MD&A: Credit Quality verify on EDGAR →
• medium

  New federal tax legislation (One Big Beautiful Bill Act) enacted July 2025 extends 2017 tax cuts, raises SALT caps, and eliminates taxation on tips and overtime for certain workers; management states long-term impact cannot be reliably predicted.

  MD&A: Tax Legislation verify on EDGAR →