Finward Bancorp, parent of Peoples Bank, reported a 9-month net income increase of $3.1 million from 2023.
Finward Bancorp, parent company of Peoples Bank, reported a nine-month net income of $10 million ($2.35 per diluted share) for the period ending September 30, 2024, up from $6.9 million ($1.60 per diluted share) last year. For Q3 2024, net income was $606,000 ($0.14 per diluted share), a rise from $143,000 ($0.03) in Q2. The bank maintains a strong liquidity position and has exited the Bank Term Funding Program ahead of schedule, positioning itself for potential margin expansion.
October 29, 2024
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