Finward Bancorp Files 8-K Amendment

TL;DR

Finward Bancorp filed an amendment to its 8-K, likely correcting or adding info. Check the details.

AI Summary

Finward Bancorp filed an amendment (8-K/A) on July 30, 2024, to its report originally dated July 24, 2024. This amendment pertains to Item 8.01 (Other Events) and Item 9.01 (Financial Statements and Exhibits). The filing does not disclose specific new financial details or material events but serves to amend previous disclosures.

Why It Matters

This amendment indicates Finward Bancorp is correcting or supplementing information previously filed, which could be important for investors to review for accuracy and completeness.

Risk Assessment

Risk Level: low — The filing is an amendment to a previous report, not a disclosure of new negative events, suggesting a procedural update rather than a material change.

Key Players & Entities

• Finward Bancorp (company) — Registrant
• 0001437749-24-023837 (filing_id) — Accession Number for the filing
• July 24, 2024 (date) — Earliest event date reported
• July 30, 2024 (date) — Date of report and filing
• 9204 Columbia Avenue Munster, Indiana 46321 (address) — Principal executive offices

FAQ

Key Financial Figures

• $0.03 — able for basic earnings per share (from $0.03 to $2.21), diluted earnings per share (
• $2.21 — basic earnings per share (from $0.03 to $2.21), diluted earnings per share ($0.03 to

Filing Documents

• fnwd20240726_8ka.htm (8-K/A) — 32KB
• ex_704002.htm (EX-99.1) — 1000KB
• 0001437749-24-023837.txt ( ) — 1213KB
• fnwd-20240724.xsd (EX-101.SCH) — 3KB
• fnwd-20240724_def.xml (EX-101.DEF) — 12KB
• fnwd-20240724_lab.xml (EX-101.LAB) — 15KB
• fnwd-20240724_pre.xml (EX-101.PRE) — 12KB
• fnwd20240726_8ka_htm.xml (XML) — 3KB

02

Item 2.02. Results of Operations and Financial Condition On July 24, 2024, Finward Bancorp (the "Bancorp") issued a press release reporting its unaudited financial results for the quarter and six months ended June 30, 2024 (the "Original Earnings Release"). On July 30, 2024, the Bancorp issued a revised earnings release (the "Revised Earnings Release") to correct certain tables and figures contained in the Original Earnings Release. Specifically, the Revised Earnings Release (i) corrects the "Performance Ratios" table set forth in the rear portion of the Original Earnings Release to include line items for return on equity, return on assets, tax adjusted net interest margin, noninterest income / average assets, noninterest expense / average assets, and efficiency ratio which were inadvertently not included in the version of the original press release issued through the Bancorp's press release distribution service, and corrects the amounts disclosed in the line items in the table for basic earnings per share (from $0.03 to $2.21), diluted earnings per share ($0.03 to $2.21), and price to earnings per share ratio (from 730.40 to 5.54) under the column for the six months ended June 30, 2024 which were inadvertently included from a prior interim version of the press release; (ii) corrects calculations in the "Performance Ratios" and "Capital Adequacy Bank" tables for the line items common equity tier 1 capital to risk-weighted assets (from 11.23% to 10.94%), tier 1 capital to risk-weighted assets (from 11.23% to 10.94%), and total capital to risk-weighted assets (from 12.27% to 11.95%); (iii) corrects the "Balance Sheet" table set forth in the rear portion of the Original Earnings Release to include figures in the line item for Federal funds sold for the periods ended June 30, 2024, March 31, 2024, and December 31, 2023 which were inadvertently not included in the version of the original press release issued through the Bancorp's press release distribution service; a

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits . 99.1 Earnings release for the quarter and six months ended June 30, 2024, and Unaudited Consolidated Condensed Balance Sheets as of June 30, 2024, and Consolidated Condensed Statements of Income and Selected Financial Data for the quarter and six months ended June 30, 2024 (as corrected). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: July 30, 2024 FINWARD BANCORP By: /s/ Benjamin L. Schmitt Name: Benjamin L. Schmitt Title: Senior Vice President, Chief Financial Officer and Treasurer

View Full Filing

View this 8-K/A filing on SEC EDGAR