New insider activity at Finward Bancorp ( (FNWD) ) has taken place on February 8, 2025.
CFO Benjamin Louis Schmitt recently sold 500 shares of Finward Bancorp stock, amounting to a total transaction value of $13,500.
Recent Updates on FNWD stock
In the latest developments surrounding Finward Bancorp, the company has reported a substantial increase in net income available to common stockholders for 2024, rising to $12.1 million from $8.4 million in the previous year. This improvement is attributed to strategic moves, including a sale-leaseback transaction and gains from tax credit investments. Additionally, the bank experienced a net interest margin improvement to 2.65% in the final quarter of 2024, driven by increased loan yields and reduced funding costs due to Federal Reserve policies. The bank’s liquidity remained strong with a stable core deposit base and reduced borrowings, despite a slight decrease in securities available for sale and non-performing loans. Management conveyed a positive outlook for 2025, focusing on strategic initiatives and operational priorities to maintain strong capital adequacy.
More about Finward Bancorp
YTD Price Performance: -5.58%
Average Trading Volume: 3,255
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $114M
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