Finward Bancorp reports results for the quarter ended March 31 - Earnings Summary

• Finward Bancorp FNWD.OQ reported quarterly adjusted earnings of 11 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of $2.17. The mean expectation of two analysts for the quarter was for earnings of 10 cents per share. Wall Street expected results to range from 4 cents to 15 cents per share.

• Revenue fell 38.5% to $15.54 million from a year ago; analysts expected $16.25 million.

• Finward Bancorp's reported EPS for the quarter was 11 cents​.

• The company reported quarterly net income of $456 thousand.

• Finward Bancorp shares had risen by 6.2% this quarter and gained 9.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 26.7% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy"

• Wall Street's median 12-month price target for Finward Bancorp is $31.00

This summary was machine generated from LSEG data April 30 at 11:47 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)