Earnings release
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1 Exhibit 99.1 July 28, 2026 Finward Bancorp Announces Second Quarter 2026 Results Munster, Indiana - Finward Bancorp (Nasdaq: FNWD) (the “Bancorp”), the holding company for Peoples Bank (the “Bank”), today announced that net income available to common stockholders was $2.1 million, or $0.48 per diluted share, for the quarter ended June 30, 2026, as compared to $2.2 million, or $0.52 per diluted share, for the quarter ended March 31, 2026. Selected performance metrics are as follows for the periods presented: Performance Ratios Quarter ended 6/30/2026 3/31/2026 12/31/2025 9/30/2025 6/30/2025 Return on equity 4.74% 5.00% 4.66% 8.96% 5.66% Return on assets 0.42% 0.44% 0.39% 0.68% 0.42% Net interest margin, tax-equivalent (non-GAAP)3.37% 3.35% 3.32% 3.18% 3.11% Non-interest income/average assets 0.48% 0.48% 0.29% 0.57% 0.53% Non-interest expense/average assets 2.95% 2.93% 2.90% 2.74% 2.90% Efficiency ratio 84.52% 84.45% 89.50% 81.22% 88.92% "Despite overhead impacts from merger-related expenses and a previously disclosed branch closure, we showed continued progress in key areas this quarter. Results were supported by solid loan growth, stable deposit funding, and continued momentum across the organization. These results reflect the dedication of our team and the strength of the relationships we have built throughout Northwest Indiana and Chicagoland, and I am proud of what our team has accomplished together," said Benjamin Bochnowski, Chief Executive Officer. "The quarter was also highlighted by the announcement of our planned merger with First Financial. This transaction recognizes the value of our franchise and positions our customers, employees, communities, and shareholders to benefit from an even stronger banking organization in the years ahead. While we are excited about the opportunities this partnership creates, our near-term priorities are clear: serving customers, maintaining strong credit quality, and preparing for a successful combination with First Financial." Highlights of the current period include: • Net Interest Margin - The net interest margin for the quarter ended June 30, 2026 was 3.25% compared to 3.23% for the quarter ended March 31, 2026. Net interest margin on a tax-equivalent basis (a non-GAAP measure) for the quarter ended June 30, 2026 was 3.37%, as compared to 3.35% for the quarter ended March 31, 2026. Net interest margin increased from the prior quarter primarily due to continued repricing and maturity of the existing loan portfolio, as well as strength in new loan originations. • Funding - As of June 30, 2026, deposits totaled $1.73 billion, an increase of $13.5 million, or 0.8% compared with March 31, 2026 balances, which totaled $1.72 billion. As of June 30, 2026, non-interest-bearing deposits totaled $270.7 million, a decrease of $8.0 million. Core deposits totaled $1.2 billion at both June 30, 2026 and March 31, 2026. Core deposits include checking, savings, and money market accounts and represented 71.3% of the Bancorp’s total deposits at June 30, 2026. As of June 30, 2026, balances for certificates of deposit totaled $497.4 million, compared to $488.8 million on March 31, 2026, an increase of $8.6 million or 1.8%. The increase in total portfolio deposits is primarily related to cyclical flows and continued adjustments to deposit pricing. In addition, as of June 30, 2026, borrowings, federal funds purchased and repurchase agreements totaled $95.3 million, an increase of $4.5 million or 4.9%, compared to March 31, 2026. The increase in borrowings was primarily attributable to new FHLB advances in conjunction with increased loan origination during the quarter. As of June 30, 2026, 72.5% of our deposits are fully FDIC insured, and another 7.8% are further backed by the Indiana Public Deposit Insurance Fund. The Bancorp’s liquidity position remains strong with solid core deposit customer relationships, excess cash, debt securities, contractual loan repayments, and access to diversified borrowing sources. As of June 30, 2026, the Bancorp had available liquidity of $604 million including borrowing capacity from the FHLB and Federal Reserve facilities.
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2 Exhibit 99.1 • Securities Portfolio - Securities available for sale balances increased by $2.5 million to $310.2 million as of June 30, 2026, compared to $307.7 million as of March 31, 2026. The yield on the securities portfolio increased to 2.27% for the three months ended June 30, 2026 from 2.22% for the three months ended March 31, 2026. The increase in securities available for sale was primarily attributable to a decrease in the negative fair value adjustment to securities. The Bank did not sell or purchase any securities during the quarter. • Lending - The Bank’s aggregate loan portfolio totaled $1.50 billion on June 30, 2026 and $1.46 billion on March 31, 2026. During the three months ended June 30, 2026, the Bank originated $81.3 million in new commercial loans, compared to $37.4 million during the three months ended March 31, 2026, based on strength experienced in the lending pipeline, specifically within commercial business and commercial real estate portfolios. At June 30, 2026, the Bancorp’s portfolio loan balances in commercial real estate owner occupied properties totaled $262.4 million or 17.4% of loans receivable and commercial real estate non-owner occupied properties totaled $334.9 million or 22.3% of loans receivable. Of the $334.9 million in commercial real estate non-owner occupied properties balances, loans collateralized by office buildings represented $41.2 million or 2.7% of total loan balances. • Asset Quality - At June 30, 2026, non-performing loans totaled $16.5 million, compared to $12.4 million at March 31, 2026, an increase of $4.2 million or 33.8%. The Bank’s ratio of non-performing loans to total loans was 1.10% at June 30, 2026, compared to 0.85% at March 31, 2026. The Bank’s ratio of non-performing assets to total assets was 0.90% at June 30, 2026 and 0.71% at March 31, 2026. The non-performing balance increases are driven by a variety of credits and not due to concentrations or an indication of overall economic stress within our customer base or footprint. The increase in non-performers consisted of twelve loans from eleven different relationships, averaging $417 thousand per loan across commercial real estate, multifamily and residential real estate. Management maintains a vigilant oversight of nonperforming loans through proactive relationship management. The Bank has no known credit exposures to non-depositary financial institutions at this time. The allowance for credit losses (ACL) on loans totaled $17.7 million at June 30, 2026, or 1.18% of total loans receivable, compared to $17.3 million at March 31, 2026, or 1.19% of total loans receivable, an increase of $409 thousand or 2.37%. The Bank's unused commitment reserve, included in other liabilities, totaled $1.9 million at June 30, 2026, compared to $2.0 million at March 31, 2026, a decrease of $114 thousand or 5.6%. For the quarter ended June 30, 2026, the Bank recorded a net provision for credit loss totaling $264 thousand based on quarterly growth in certain loan segment balances and other factors within the Bank's ACL modeling. The second quarter's provision consisted of a $378 thousand provision for credit losses on loans, and a $114 thousand reversal of credit losses on unused commitments. For the quarter ended June 30, 2026, net loan recoveries totaled $31 thousand, compared to net loan recoveries of $3 thousand for the quarter ended March 31, 2026. The allowance for credit losses as a percentage of non-performing loans, or coverage ratio, was 106.9% at June 30, 2026, compared to 139.7% at March 31, 2026. • Operating Income and Expenses - Non-interest income as a percentage of average assets was 0.48% for both the quarter ended June 30, 2026 and March 31, 2026. Total non-interest expense increased slightly from the prior quarter, while non-interest expense as a percentage of average assets was 2.95% for the quarter ended June 30, 2026, as compared to 2.93% for the quarter ended March 31, 2026. The aggregate reduction in non-interest income as compared to the prior quarter was due to a $180 thousand loss associated with the closure of one of the Bancorp's leased branch locations. The increase in non-interest expense quarter over quarter was primarily attributable to compensation and benefits and seasonality of certain professional and outside services expenses. • Capital Adequacy - The Bank’s tier 1 leverage ratio was 9.31% as of June 30, 2026 and 9.24% as of March 31, 2026. The Bank’s capital continues to exceed all applicable regulatory capital requirements. The Bancorp’s tangible book value per share (non-GAAP) was $35.75 at June 30, 2026, up from $34.39 as of March 31, 2026. Tangible common equity to tangible assets (non-GAAP) was 7.68% at June 30, 2026, up from 7.48% as of March 31, 2026.
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3 Exhibit 99.1 Disclosures Regarding Non-GAAP Financial Measures Reported amounts are presented in accordance with GAAP. In this press release, the Bancorp also provides certain financial measures identified as non-GAAP. The Bancorp’s management believes that the non-GAAP information, which consists of tangible common equity, tangible book value per share, tangible common equity/tangible assets, net interest margin on a tax-equivalent basis, and efficiency ratio which can vary from period to period, provides a better comparison of period to period operating performance. The net interest income and net interest margin on a tax-equivalent basis measures recognize the income tax savings when comparing taxable and tax-exempt assets. Interest income and yields on tax-exempt securities and loans are presented using the current federal corporate income tax rate of 21%. Management believes that it is standard practice in the banking industry to present net interest income and net interest margin on a fully tax-equivalent basis and that it may enhance comparability for peer comparison purposes. Additionally, the Bancorp believes this information is utilized by regulators and market analysts to evaluate a company’s financial condition and, therefore, such information is useful to investors. These disclosures should not be viewed as a substitute for financial results in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures which may be presented by other companies. Refer to the "Reconciliation of non-GAAP Financial Measures" below for more information. About Finward Bancorp Finward Bancorp is a locally managed and independent financial holding company headquartered in Munster, Indiana, whose activities are primarily limited to holding the stock of Peoples Bank. Peoples Bank provides a wide range of personal, business, electronic and wealth management financial services from its 24 locations in Lake and Porter Counties in Northwest Indiana and Chicagoland. Finward Bancorp’s common stock is quoted on The NASDAQ Stock Market, LLC under the symbol FNWD. The website ibankpeoples.com provides information on Peoples Bank’s products and services, and Finward Bancorp’s investor relations. Forward Looking Statements This press release may contain forward-looking statements regarding the financial performance, business prospects, growth and operating strategies of the Bancorp. For these statements, the Bancorp claims the protections of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Statements in this communication should be considered in conjunction with the other information available about the Bancorp, including the information in the filings the Bancorp makes with the SEC. Forward-looking statements provide current expectations or forecasts of future events and are not guarantees of future performance. The forward-looking statements are based on management’s expectations and are subject to a number of risks and uncertainties. Forward-looking statements are typically identified by using words such as “anticipate,” “estimate,” “project,” “intend,” “plan,” “believe,” “will” and similar expressions in connection with any discussion of future operating or financial performance. Although management believes that the expectations reflected in such forward-looking statements are reasonable, actual results may differ materially from those expressed or implied in such statements. Risks and uncertainties that could cause actual results to differ materially include: changes in domestic and international trade policies, including tariffs and other non-tariff barriers, and the effects of such changes on the Bank and its customers; risks related to the development and use of artificial intelligence (AI); changes in asset quality and credit risk; the inability to sustain revenue and earnings growth; changes in interest rates, market liquidity, and capital markets, as well as the magnitude of such changes, which may reduce net interest margins; inflation; further deterioration in the market value of securities held in the Bancorp’s investment securities portfolio, whether as a result of macroeconomic factors or otherwise; customer acceptance of the Bancorp’s products and services; customer borrowing, repayment, investment, and deposit practices; customer disintermediation; the introduction, withdrawal, success, and timing of business initiatives; competitive conditions; the inability to realize cost savings or revenues or to implement integration plans and other consequences associated with mergers, acquisitions, and divestitures; economic conditions; and the impact, extent, and timing of technological changes, capital management activities, regulatory actions by the Federal Deposit Insurance Corporation and Indiana Department of Financial Institutions, and other actions of the Federal Reserve Board and legislative and regulatory actions and reforms. Additional factors that could cause actual results to differ materially from those expressed in the forward-looking statements are discussed in the Bancorp’s reports (such as the Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K) filed with the SEC and available at the SEC’s Internet website (www.sec.gov). All subsequent written and oral forward-looking statements concerning matters attributable to the Bancorp or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. Except as required by law, The Bancorp does not undertake any obligation to update any forward-looking statement to reflect circumstances or events that occur after the date the forward-looking statement is made.
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4 Exhibit 99.1 In addition to the above factors, we also caution that the actual amounts and timing of any future common stock dividends or share repurchases will be subject to various factors, including our capital position, financial performance, capital impacts of strategic initiatives, market conditions, and regulatory and accounting considerations, as well as any other factors that our Board of Directors deems relevant in making such a determination. Therefore, there can be no assurance that we will repurchase shares or pay any dividends to holders of our common stock, or as to the amount of any such repurchases or dividends. FOR FURTHER INFORMATION CONTACT SHAREHOLDER SERVICES (219) 853-7575
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5 Finward Bancorp Exhibit 99.1 Second Quarter 2026 Financial Results (unaudited) Performance Ratios Quarter Ended Six Months Ended 6/30/2026 3/31/2026 12/31/2025 9/30/2025 6/30/2025 6/30/2026 6/30/2025 Return on equity 4.74% 5.00% 4.66% 8.96% 5.66% 4.87% 3.39% Return on assets 0.42% 0.44% 0.39% 0.68% 0.42% 0.43% 0.25% Yield on loans 5.55% 5.50% 5.64% 5.49% 5.36% 5.53% 5.31% Yield on security investments 2.27% 2.22% 2.29% 2.40% 2.42% 2.25% 2.40% Total yield on earning assets 4.93% 4.86% 4.96% 4.91% 4.82% 4.90% 4.77% Cost of interest-bearing deposits 1.98% 1.92% 2.09% 2.16% 2.12% 1.95% 2.14% Cost of federal funds purchased and repurchase agreements 2.82% 2.85% 3.12% 3.37% 3.32% 2.84% 3.34% Cost of borrowed funds 3.80% 3.70% 3.70% 3.64% 3.91% 3.75% 4.01% Total cost of interest-bearing liabilities 2.06% 2.00% 2.16% 2.25% 2.22% 2.03% 2.25% Net interest margin 3.25% 3.23% 3.18% 3.04% 2.97% 3.24% 2.89% Net interest margin, tax-equivalent (non-GAAP) (1) 3.37% 3.35% 3.32% 3.18% 3.11% 3.36% 3.03% Non-interest income/average assets 0.48% 0.48% 0.29% 0.57% 0.53% 0.48% 0.48% Non-interest expense/average assets 2.95% 2.93% 2.90% 2.74% 2.90% 2.95% 2.86% Efficiency ratio (non-GAAP) (1) 84.52% 84.45% 89.50% 81.22% 88.92% 84.48% 90.95% Non-performing assets to total assets 0.90% 0.71% 0.65% 0.76% 0.74% 0.90% 0.74% Non-performing loans to total loans 1.10% 0.85% 0.77% 0.94% 0.91% 1.10% 0.91% Allowance for credit losses to non-performing loans 106.92% 139.72% 156.84% 129.41% 133.01% 106.92% 133.01% Allowance for credit losses to loans receivable 1.18% 1.19% 1.21% 1.22% 1.22% 1.18% 1.22% Net charge-offs (recoveries) as a percentage of average loans receivable (0.01%) 0.00% 0.08% 0.07% (0.11%) (0.01)% (0.05)% Basic earnings per share $ 0.49 $ 0.52 $ 0.46 $ 0.82 $ 0.50 $ 1.01 $ 0.61 Diluted earnings per share $ 0.48 $ 0.52 $ 0.46 $ 0.81 $ 0.50 $ 1.00 $ 0.61 Weighted average common shares outstanding—basic 4,280,844 4,276,530 4,273,421 4,273,022 4,271,952 4,278,699 4,269,478 Weighted average common shares outstanding—diluted 4,319,052 4,302,206 4,301,462 4,299,007 4,291,319 4,316,606 4,287,877 Stockholders' equity to total assets 8.74% 8.56% 8.64% 8.06% 7.48% 8.74% 7.48% Tangible common equity to tangible assets (non-GAAP) (1) 7.68% 7.48% 7.56% 6.99% 6.41% 7.68% 6.41% Book value per share $ 41.15 $ 39.81 $ 40.37 $ 38.24 $ 35.67 $ 41.15 $ 35.67 Tangible common book value per share (non-GAAP) (1) $ 35.75 $ 34.39 $ 34.92 $ 32.77 $ 30.16 $ 35.75 $ 30.16 Closing stock price $ 36.78 $ 36.30 $ 35.19 $ 32.09 $ 27.62 $ 35.19 $ 27.62 Dividends declared per common share $ 0.12 $ 0.12 $ 0.12 $ 0.12 $ 0.12 $ 0.24 $ 0.12 (1) See the reconciliation of these non-GAAP measures to the most directly comparable GAAP measures on pg 13.
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6 Finward Bancorp Exhibit 99.1 Second Quarter 2026 Financial Results (unaudited) Average Balances, Interest, Rates Quarter Ended June 30, 2026 March 31, 2026 December 31, 2025 (Dollars in thousands) Average Balance Interest Yield/Rate Average Balance Interest Yield/Rate Average Balance Interest Yield/Rate ASSETS Interest bearing deposits in other financial institutions $ 78,886 $ 718 3.64% $ 96,250 $ 949 3.94% $ 100,035 $ 903 3.61% Federal funds sold 1,046 8 3.06% 1,523 11 2.89% 1,113 10 3.59% Securities available-for-sale 309,251 1,757 2.27% 318,670 1,771 2.22% 327,747 1,877 2.29% Loans receivable 1,474,063 20,468 5.55% 1,445,921 19,871 5.50% 1,454,174 20,496 5.64% Federal Home Loan Bank stock 6,547 114 6.97% 6,547 119 7.27% 6,547 126 7.70% Total interest earning assets 1,869,793 $23,065 4.93% 1,868,911 $22,721 4.86% 1,889,616 $23,412 4.96% Cash and non-interest bearing deposits in other financial institutions 15,504 21,331 23,385 Allowance for credit losses (17,418) (17,608) (18,049) Other non-interest bearing assets 143,484 143,452 146,675 Total assets $2,011,363 $2,016,086 $2,041,627 LIABILITIES AND STOCKHOLDERS' EQUITY Interest-bearing deposits $1,446,072 $ 7,159 1.98% $1,447,994 $ 6,959 1.92% $1,458,748 $ 7,605 2.09% Federal funds purchased and repurchase agreements 33,076 233 2.82% 38,113 272 2.85% 40,968 317 3.10% Borrowed funds 51,925 493 3.80% 45,334 419 3.70% 48,089 448 3.73% Total interest bearing liabilities 1,531,073 $ 7,885 2.06% 1,531,441 $ 7,650 2.00% 1,547,805 $ 8,370 2.16% Non-interest bearing deposits 268,540 270,626 288,073 Other non-interest bearing liabilities 35,243 34,588 35,588 Total liabilities 1,834,856 1,836,655 1,871,466 Total stockholders' equity 176,507 179,431 170,161 Total liabilities and stockholders' equity $2,011,363 $2,016,086 $2,041,627 Net interest income $15,180 $15,071 $15,042 Return on average assets 0.42% 0.44% 0.39% Return on average equity 4.74% 5.00% 4.66% Net interest margin 3.25% 3.23% 3.18% Net interest margin, tax-equivalent (non-GAAP)(1) 3.37% 3.35% 3.32% Net interest spread 2.87% 2.86% 2.80% Ratio of interest-earning assets to interest-bearing liabilities 1.22x 1.22x 1.22x (1) See the reconciliation of non-GAAP measures to the most directly comparable GAAP measures on pg 13.
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7 Finward Bancorp Exhibit 99.1 Second Quarter 2026 Financial Results (unaudited) Consolidated Balance Sheets As of (Dollars in thousands) 6/30/2026 3/31/2026 12/31/2025 9/30/2025 6/30/2025 ASSETS Cash and non-interest bearing deposits in other financial institutions$ 17,384$ 15,758$ 18,265$ 19,458$ 23,027 Interest bearing deposits in other financial institutions76,270 102,997 101,382 84,157 79,976 Federal funds sold 988 - - 563 411 Total cash and cash equivalents 94,642 118,755 119,647 104,178 103,414 Securities available-for-sale 310,198 307,686 316,227 335,150 327,845 Loans held-for-sale 1,083 - 1,096 2,641 834 Loans receivable, net of deferred fees and costs 1,503,7931,455,118 1,450,3871,473,7741,484,278 Less: allowance for credit losses (17,694) (17,285) (17,506) (17,977) (18,184) Net loans receivable 1,486,0991,437,8331,432,8811,455,7971,466,094 Federal Home Loan Bank stock 6,547 6,547 6,547 6,547 6,547 Accrued interest receivable 7,671 7,700 7,781 7,585 7,651 Premises and equipment 43,932 44,315 44,976 45,544 46,179 Cash value of bank owned life insurance 34,010 33,786 33,586 33,843 33,932 Goodwill 22,395 22,395 22,395 22,395 22,395 Other intangible assets 984 1,076 1,172 1,273 1,414 Other assets 33,145 35,063 34,873 37,771 41,606 Total assets $2,040,706$2,015,156$2,021,181$2,052,724$2,057,911 LIABILITIES AND STOCKHOLDERS' EQUITY Deposits: Non-interest bearing $ 270,682$ 278,705$ 267,441$ 280,296$ 271,172 Interest bearing 1,461,8621,440,3661,459,5301,470,3501,483,678 Total 1,732,5441,719,0711,726,9711,750,6461,754,850 Federal funds purchased and repurchase agreements30,301 40,815 39,703 48,426 48,331 Borrowed funds 65,000 50,000 45,000 55,000 65,000 Accrued expenses and other liabilities 34,574 32,870 34,844 33,157 35,477 Total liabilities 1,862,4191,842,7561,846,5181,887,2291,903,658 Stockholders' Equity: Preferred stock, no par or stated value; 10,000,000 shares authorized, none outstanding - - - - - Common stock, no par or stated value; 10,000,000 shares authorized(1) - - - - - Additional paid-in capital 70,530 70,397 70,331 70,233 70,263 Accumulated other comprehensive loss (41,532) (45,713) (41,662) (49,266) (57,560) Retained earnings 149,289 147,716 145,994 144,528 141,550 Total stockholders' equity 178,287 172,400 174,663 165,495 154,253 Total liabilities and stockholders' equity $2,040,706$2,015,156$2,021,181$2,052,724$2,057,911 (1) Shares of common stock issued and outstanding were 4,333,002 at 6/30/2026; 4,330,486 at 3/31/2026; 4,326,747 at 12/31/2025; 4,327,511 at 9/30/2025; and 4,324,889 at 6/30/2025.
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8 Finward Bancorp Exhibit 99.1 Second Quarter 2026 Financial Results (unaudited) Consolidated Statements of Income Quarter Ended (Dollars in thousands, except per share data) 6/30/20263/31/202612/31/20259/30/20256/30/2025 Interest income: Loans $ 20,468$ 19,871$ 20,496$ 20,246$ 19,940 Securities & short-term investments 2,597 2,850 2,916 3,094 2,730 Total interest income 23,065 22,721 23,412 23,340 22,670 Interest expense: Deposits 7,159 6,959 7,605 7,996 7,780 Borrowings 726 691 765 901 945 Total interest expense 7,885 7,650 8,370 8,897 8,725 Net interest income 15,180 15,071 15,042 14,443 13,945 Provision for (benefit from) credit losses 264 55 (84) (301) (274) Net interest income after provision for credit losses14,916 15,016 15,126 14,744 14,219 Non-interest income: Fees and service charges 1,331 1,295 1,485 1,463 1,330 Wealth management operations 748 661 659 759 696 Gain (loss) on tax credit investment - - - 23 - Gain (loss) on sale of loans held-for-sale, net 228 257 346 265 378 Gain (loss) on sale of securities, net - - (1,577) - - Bank owned life insurance 223 201 522 439 220 Gain (loss) on sale of property and equipment(180) - 1 (56) - Other 48 3 37 20 59 Total non-interest income 2,398 2,417 1,473 2,913 2,683 Non-interest expense: Compensation and benefits 8,033 7,591 7,573 7,330 7,313 Occupancy and equipment 1,741 1,991 2,111 2,004 1,935 Data processing 1,176 1,105 1,465 1,116 1,341 Federal deposit insurance premiums 347 381 417 399 471 Marketing 266 587 230 257 214 Professional and outside services 1,221 1,169 906 945 1,115 Technology 516 508 521 549 545 Other 1,557 1,436 1,558 1,497 1,852 Total non-interest expense 14,857 14,768 14,781 14,097 14,786 Income before income taxes 2,457 2,665 1,818 3,560 2,116 Income tax expenses (benefit) 364 423 (166) 63 (35) Net income $ 2,093$ 2,242$ 1,984$ 3,497$ 2,151 Earnings per common share: Basic $ 0.49 $ 0.52 $ 0.46 $ 0.82 $ 0.50 Diluted $ 0.48 $ 0.52 $ 0.46 $ 0.81 $ 0.50
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9 Finward Bancorp Exhibit 99.1 Second Quarter 2026 Financial Results (unaudited) Consolidated Statements of Income (cont'd) Six Months Ended (Dollars in thousands, except per share data) 6/30/2026 6/30/2025 Interest income: Loans $ 40,339$ 39,595 Securities & short-term investments 5,447 5,416 Total interest income 45,786 45,011 Interest expense: Deposits 14,118 15,825 Borrowings 1,417 1,928 Total interest expense 15,535 17,753 Net interest income 30,251 27,258 Provision for (benefit from) credit losses 319 180 Net interest income after provision for credit losses 29,932 27,078 Non-interest income: Fees and service charges 2,626 2,439 Wealth management operations 1,409 1,315 Gain on tax credit investment — 67 Gain on sale of loans held-for-sale, net 485 608 Bank owned life insurance 424 418 Gain (loss) on sale of property and equipment (180) - Other 51 65 Total non-interest income 4,815 4,912 Non-interest expense: Compensation and benefits 15,624 14,685 Occupancy and equipment 3,732 4,046 Data processing 2,281 2,380 Federal deposit insurance premiums 728 904 Marketing 853 300 Professional and outside services 2,390 2,375 Technology 1,024 999 Other 2,993 3,569 Total non-interest expense 29,625 29,258 Income before income taxes 5,122 2,732 Income tax expenses 787 126 Net income $ 4,335$ 2,606 Earnings per common share: Basic $ 1.01 $ 0.61 Diluted $ 1.00 $ 0.61
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10 Finward Bancorp Exhibit 99.1 Second Quarter 2026 Financial Results (unaudited) Loans As of (Dollars in thousands) 6/30/2026 3/31/2026 12/31/2025 9/30/2025 6/30/2025 6/30/2026 vs 3/31/2026 6/30/2026 vs 6/30/2025 Residential real estate $ 455,882 $ 445,097 $ 442,443 $ 450,007 $ 457,248 $10,785 2.4% $ (1,366) (0.3)% Home equity 55,601 53,855 53,497 51,813 51,112 1,746 3.2% 4,489 8.8% Commercial real estate 597,364 564,613 555,594 564,558 551,091 32,751 5.8% 46,273 8.4% Construction and land development 77,710 76,582 77,208 79,678 74,795 1,128 1.5% 2,915 3.9% Multifamily 180,148 185,824 183,902 192,698 200,440 (5,676) (3.1)% (20,292) (10.1)% Commercial business 103,281 94,160 99,304 96,192 105,636 9,121 9.7% (2,355) (2.2)% Consumer 2,036 310 870 348 2,347 1,726 556.8% (311) (13.3)% Manufactured homes 22,050 22,981 23,708 24,372 25,146 (931) (4.1)% (3,096) (12.3)% Government 9,818 9,998 12,298 12,298 14,628 (180) (1.8)% (4,810) (32.9)% Loans receivable 1,503,890 1,453,420 1,448,824 1,471,964 1,482,443 50,470 3.5% 21,447 1.4% Net deferred loan origination costs 1,006 1,723 1,606 1,719 2,012 (717) (41.6)% (1,006) (50.0)% Loan clearing funds (1,103) (25) (43) 91 (177) (1,078) 4312.0% (926) 523.2% Loans receivable, net $1,503,793 $1,455,118 $1,450,387 $1,473,774 $1,484,278 $48,675 3.3% $ 19,515 1.3% Deposits As of (Dollars in thousands) 6/30/2026 3/31/2026 12/31/2025 9/30/2025 6/30/2025 6/30/2026 vs 3/31/2026 6/30/2026 vs 6/30/2025 Checking $ 584,901 $ 587,575 $ 592,214 $ 579,760 $ 593,471 $ (2,674) (0.5)% $ (8,570) (1.4)% Savings 247,054 253,408 254,055 257,058 266,070 (6,354) (2.5)% (19,016) (7.1)% Money market 403,140 389,274 381,111 377,155 352,616 13,866 3.6% 50,524 14.3% Certificates of deposit 497,449 488,814 499,591 536,673 542,693 8,635 1.8% (45,244) (8.3)% Total deposits $1,732,544 $1,719,071 $1,726,971 $1,750,646 $1,754,850 $13,473 0.8% $(22,306) (1.3)%
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11 Finward Bancorp Exhibit 99.1 Second Quarter 2026 Financial Results (unaudited) Asset Quality As of and for the Quarter Ended (Dollars in thousands) 6/30/2026 3/31/2026 12/31/2025 9/30/2025 6/30/2025 Non-accruing loans $ 16,549$ 12,371$ 11,162$ 13,892$ 13,526 Accruing loans delinquent more than 90 days- - - - 145 Securities in non-accrual 1,909 1,891 1,882 1,616 1,616 Foreclosed real estate - 89 89 - - Total nonperforming assets $ 18,458$ 14,351$ 13,133$ 15,508$ 15,287 Allowance for credit losses (ACL): ACL specific allowances for collateral dependent loans $ 147 $ - $ 263 $ 912 $ 570 ACL general allowances for loan portfolio17,547 17,285 17,243 17,065 17,614 Total ACL $ 17,694$ 17,285$ 17,506$ 17,977$ 18,184 Allowance for Credit Losses As of and for the Quarter Ended (Dollars in thousands) 6/30/2026 3/31/2026 12/31/2025 9/30/2025 6/30/2025 Beginning allowance for credit losses $ 17,285$ 17,506$ 17,977$ 18,184$ 17,955 Provision for (benefit from) loan losses 378 (224) (170) 61 (185) Net (charge-offs) recoveries 31 3 (301) (268) 414 Ending allowance for credit losses $ 17,694$ 17,285$ 17,506$ 17,977$ 18,184
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12 Finward Bancorp Exhibit 99.1 Second Quarter 2026 Financial Results (unaudited) Bank-Level Regulatory Capital Requirements June 30, 2026 Actual (1) Minimum Required For Capital Adequacy Purposes Minimum Required To Be Well Capitalized Under Prompt Corrective Action Regulations (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio Common equity tier 1 capital to risk- weighted assets $ 189,965 11.81%$ 72,385 4.50%$ 104,557 6.50% Tier 1 capital to risk-weighted assets$ 189,965 11.81%$ 96,514 6.00%$ 128,685 8.00% Total capital to risk-weighted assets$ 209,575 13.03%$ 128,685 8.00%$ 160,856 10.00% Tier 1 leverage ratio $ 189,965 9.31%$ 81,581 4.00%$ 101,976 5.00% (1) Current quarter ratios are estimated.
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13 Finward Bancorp Exhibit 99.1 Second Quarter 2026 Financial Results (unaudited) Reconciliation of Non-GAAP Performance Measures Quarter Ended (Dollars in thousands, except per share amounts) 6/30/20263/31/202612/31/20259/30/20256/30/2025 Tangible Common Ratios Stockholder's equity (GAAP) $ 178,287 $ 172,400 $ 174,663 $ 165,495 $ 154,253 Less: Goodwill (GAAP) (22,395) (22,395) (22,395) (22,395) (22,395) Less: Other intangibles (GAAP) (984) (1,076) (1,172) (1,273) (1,414) Tangible common equity (non-GAAP) $ 154,908 $ 148,929 $ 151,096 $ 141,827 $ 130,444 Total assets (GAAP) $2,040,706 $2,015,156 $2,021,181 $2,052,724 $2,057,911 Less: Goodwill (GAAP) (22,395) (22,395) (22,395) (22,395) (22,395) Less: Other intangibles (GAAP) (984) (1,076) (1,172) (1,273) (1,414) Tangible assets (non-GAAP) $2,017,327 $1,991,685 $1,997,614 $2,029,056 $2,034,102 Shares outstanding - end of quarter 4,333,002 4,330,486 4,326,747 4,327,511 4,324,889 Common book value per share (GAAP) $ 41.15 $ 39.81 $ 40.37 $ 38.24 $ 35.67 Tangible common book value per share (non-GAAP) $ 35.75 $ 34.39 $ 34.92 $ 32.77 $ 30.16 Total equity to total assets (GAAP) 8.74% 8.56% 8.64% 8.06% 7.50% Tangible common equity to tangible assets (non-GAAP) 7.68% 7.48% 7.56% 6.99% 6.41% Calculation of net interest margin, taxable-equivalent basis Net interest income (GAAP) $ 15,180 $ 15,071 $ 15,042 $ 14,443 $ 13,945 Tax-equivalent adjustment on securities and loans (1) 580 582 629 663 674 Net interest income (tax-equivalent basis) $ 15,760 $ 15,653 $ 15,671 $ 15,106 $ 14,619 Total average earning assets $1,869,793 $1,868,911 $1,889,616 $1,900,066 $1,879,892 Net interest margin 3.25% 3.23% 3.18% 3.04% 2.97% Net interest margin (tax-equivalent basis) 3.37% 3.35% 3.32% 3.18% 3.11% Efficiency ratio Total non-interest expense $ 14,857 $ 14,768 $ 14,781 $ 14,097 $ 14,786 Total revenue 17,578 17,488 16,515 17,356 16,628 Efficiency ratio 84.52% 84.45% 89.50% 81.22% 88.92% (1) The tax equivalent adjustment represents the increase in net interest income needed to reflect the tax-exempt income from certain investment securities and loans on tax-equivalent basis using a federal statutory corporate rate of 21%.