Earnings release
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1 Exhibit 99.1 October 27, 2026 Finward Bancorp Announces Third 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 $1.4 million, or $0.31 per diluted share, for the quarter ended September 30, 2026, as compared to $2.1 million, or $0.48 per diluted share, for the quarter ended June 30, 2026. Selected performance metrics are as follows for the periods presented: Performance Ratios Quarter ended 9/30/2026 6/30/2026 3/31/2026 12/31/2025 9/30/2025 Return on equity 3.10% 4.74% 5.00% 4.66% 8.96% Return on assets 0.27% 0.42% 0.44% 0.39% 0.68% Net interest margin, tax-equivalent (non-GAAP)3.51% 3.37% 3.35% 3.32% 3.18% Non-interest income/average assets 0.52% 0.48% 0.48% 0.29% 0.57% Non-interest expense/average assets 3.35% 2.95% 2.93% 2.90% 2.74% Efficiency ratio (non-GAAP) 91.32% 84.52% 84.45% 89.50% 81.22% "The third quarter was impacted by merger-related expenses related to our pending merger with First Financial, announced earlier in the quarter. The quarter included additional expenses in the areas of compensation and benefits, and third-party costs associated with the merger," said Benjamin Bochnowski, Chief Executive Officer. "Credit quality remained stable, as did our core banking business and customer base. The rapid increase in interest rates contributed positively to loan yields and margin, although it also resulted in higher unrealized losses in the bond portfolio. We continue to make progress toward closing our merger with First Financial, and we believe the combination of our companies will have benefits for our shareholders, customers, communities, and employees. Throughout this process, our commitment to our customers and communities grounds the team, and our team is working diligently to ensure a seamless transition that maximizes the promise of the merger.” Highlights of the current period include: • Net Interest Margin - The net interest margin for the quarter ended September 30, 2026 was 3.39% compared to 3.25% for the quarter ended June 30, 2026. Net interest margin on a tax-equivalent basis (a non-GAAP measure) for the quarter ended September 30, 2026 was 3.51%, as compared to 3.37% for the quarter ended June 30, 2026. Net interest margin increased from the prior quarter primarily due to continued repricing and maturity of the existing loan portfolio, as well as full quarterly loan yield results from new loan origination strength during the second quarter. • Funding - As of September 30, 2026, deposits totaled $1.76 billion, an increase of $25.9 million, or 1.5% compared with June 30, 2026 balances, which totaled $1.73 billion. As of September 30, 2026, non-interest-bearing deposits totaled $281.5 million, an increase of $10.8 million. Core deposits totaled $1.3 billion at September 30, 2026 and $1.2 billion at June 30, 2026. Core deposits include checking, savings, and money market accounts and represented 71.9% of the Bancorp’s total deposits at September 30, 2026. As of September 30, 2026, balances for certificates of deposit totaled $493.3 million, compared to $497.4 million on June 30, 2026, a decrease of $4.1 million or 0.8%. The increase in total portfolio deposits is primarily related to cyclical flows and continued adjustments to deposit pricing. In addition, as of September 30, 2026, borrowings, federal funds purchased and repurchase agreements totaled $59.8 million, a decrease of $35.5 million or 37.2%, compared to June 30, 2026. The decrease in borrowings was primarily attributable to a reduction in FHLB advances resulting from deposit balance strength. As of September 30, 2026, 71.7% of our deposits are fully FDIC insured, and another 8.3% 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
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2 Exhibit 99.1 sources. As of September 30, 2026, the Bancorp had available liquidity of $623 million including borrowing capacity from the FHLB and Federal Reserve facilities. • Securities Portfolio - Securities available for sale balances decreased by $30.3 million to $279.9 million as of September 30, 2026, compared to $310.2 million as of June 30, 2026. The yield on the securities portfolio increased to 2.33% for the three months ended September 30, 2026 from 2.27% for the three months ended June 30, 2026. The decrease in securities available for sale was primarily attributable to an increase in the negative fair value adjustment to securities. The Bank did not sell any securities during the quarter. • Lending - The Bank’s aggregate loan portfolio totaled $1.50 billion on September 30, 2026 and $1.50 billion on June 30, 2026. During the three months ended September 30, 2026, the Bank originated $69.7 million in new commercial loans, compared to $81.3 million during the three months ended June 30, 2026. At September 30, 2026, the Bancorp’s portfolio loan balances in commercial real estate owner occupied properties totaled $263.5 million or 17.6% of loans receivable and commercial real estate non-owner occupied properties totaled $332.4 million or 22.2% of loans receivable. Of the $332.4 million in commercial real estate non-owner occupied properties balances, loans collateralized by office buildings represented $31.5 million or 2.1% of total loan balances. • Asset Quality - At September 30, 2026, non-performing loans totaled $16.8 million, compared to $16.5 million at June 30, 2026, an increase of $239 thousand or 1.4%. The Bank’s ratio of non-performing loans to total loans was 1.12% at September 30, 2026, compared to 1.10% at June 30, 2026. The Bank’s ratio of non-performing assets to total assets was 0.92% at September 30, 2026 and 0.90% at June 30, 2026. The increase in non-performers included the addition of a $1.1 million residential real estate loan coupled with eight smaller loans averaging $89 thousand across eight relationships. These were offset by the removal of thirteen loans totaling $1.2 million in the commercial real estate, commercial business and residential real estate loan segments. 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 $17.5 million at September 30, 2026, or 1.17% of total loans receivable, compared to $17.7 million at June 30, 2026, or 1.18% of total loans receivable, a decrease of $257 thousand or 1.49%. The Bank's unused commitment reserve, included in other liabilities, totaled $2.0 million at September 30, 2026, compared to $1.9 million at June 30, 2026, an increase of $36 thousand or 1.8%. For the quarter ended September 30, 2026, the Bank recorded a net provision for credit loss totaling $124 thousand based on quarterly growth in certain loan segment balances and other factors within the Bank's ACL modeling. The third quarter's provision consisted of a $88 thousand provision for credit losses on loans, and a $36 thousand provision of credit losses on unused commitments. For the quarter ended September 30, 2026, net loan charge-offs totaled $240 thousand, compared to net loan recoveries of $31 thousand for the quarter ended June 30, 2026. The allowance for credit losses as a percentage of non-performing loans, or coverage ratio, was 104.5% at September 30, 2026, compared to 106.9% at June 30, 2026. • Operating Income and Expenses - Non-interest income as a percentage of average assets was 0.52% for the quarter ended September 30, 2026 and 0.48% for the quarter ended June 30, 2026. Non-interest expense as a percentage of average assets was 3.35% for the quarter ended September 30, 2026, as compared to 2.95% for the quarter ended June 30, 2026. The increase in non-interest income as compared to the prior quarter was due to a $182 thousand gain associated with the sale of one of the Bancorp's branch locations. The increase in non-interest expense quarter over quarter was primarily attributable to one-time compensation and benefits adjustments totaling $1.8 million and professional and outside services expenses totaling $536 thousand, both associated with the Bancorp's pending merger. • Capital Adequacy - The Bank’s tier 1 leverage ratio was 9.29% as of September 30, 2026 and 9.31% as of June 30, 2026. The Bank’s capital continues to exceed all applicable regulatory capital requirements. The Bancorp’s tangible book value per share (non-GAAP) was $31.07 at September 30, 2026, down from $35.75 as of June 30, 2026. Tangible common equity to tangible assets (non-GAAP) was 6.76% at September 30, 2026, down from 7.68% as of June 30, 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: the ability of First Financial Bancorp ("First Financial") and the Bancorp to complete the proposed merger; the effects of the pendency of the proposed merger with First Financial on the Bancorp and its business; 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; 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. Important Additional Information About the Transaction and Where to Find It In connection with the proposed merger transaction between First Financial and the Bancorp (the “Merger”), First Financial has filed with the SEC a Registration Statement on Form S-4 (the “Registration Statement”) to register the shares of First Financial common stock to be issued in connection with the proposed transaction. The Registration Statement includes a proxy statement of the Bancorp and a prospectus of First Financial (the “Proxy Statement/Prospectus”), and First Financial and the Bancorp may file with the SEC other relevant documents concerning the proposed transaction. First Financial and the Bancorp have mailed the definitive Proxy Statement/Prospectus to shareholders of the Bancorp (which mailings were first made on or about September 28, 2026. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, INVESTORS AND SHAREHOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT AND PROXY STATEMENT/PROSPECTUS REGARDING THE PROPOSED TRANSACTION IN THEIR ENTIRETY AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT FIRST FINANCIAL, THE BANCORP AND THE PROPOSED TRANSACTION AND RELATED MATTERS. A copy of the Registration Statement, Proxy Statement/Prospectus, as well as other filings containing information about First Financial and the Bancorp, may be obtained, free of charge, at the SEC’s website (www.sec.gov). Copies of documents filed with the SEC by First Financial will be made available free of charge in the “Investor Relations” section of First Financial’s website, https://www.bankatfirst.com/about/investor-relations.html. Copies of documents filed with the SEC by the Bancorp will be made available free of charge in the “Investor Relations” section of the Bancorp’s website, https://investorrelations.ibankpeoples.com/. The information on First Financial’s and the Bancorp’s websites is not, and shall not be deemed to be, a part of this communication or incorporated into other filings either company makes with the SEC. Participants in Solicitation The Bancorp and its directors, executive officers, management and employees may be deemed to be participants in the solicitation of proxies in respect of the Merger. Information concerning the Bancorp’s participants is set forth in the Proxy Statement, dated April 3, 2026, for the Company’s 2026 annual meeting of shareholders as filed with the SEC on Schedule 14A. Additional information regarding the participants in the solicitation of proxies in respect of the proposed transaction and interests of the participants of the Bancorp in the solicitation of proxies in respect of the Merger are included in the Registration Statement and Proxy Statement/Prospectus on file with the SEC. Free copies of these documents may be obtained as described in the preceding paragraph. FOR FURTHER INFORMATION CONTACT SHAREHOLDER SERVICES (219) 853-7575
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5 Finward Bancorp Exhibit 99.1 Third Quarter 2026 Financial Results (unaudited) Performance Ratios Quarter Ended Nine Months Ended 9/30/2026 6/30/2026 3/31/2026 12/31/2025 9/30/2025 9/30/2026 9/30/2025 Return on equity 3.10% 4.74% 5.00% 4.66% 8.96% 4.29% 5.27% Return on assets 0.27% 0.42% 0.44% 0.39% 0.68% 0.38% 0.40% Yield on loans 5.73% 5.55% 5.50% 5.64% 5.49% 5.60% 5.37% Yield on security investments 2.33% 2.27% 2.22% 2.29% 2.40% 2.28% 2.40% Total yield on earning assets 5.10% 4.93% 4.86% 4.96% 4.91% 4.97% 4.82% Cost of interest-bearing deposits 2.04% 1.98% 1.92% 2.09% 2.16% 1.98% 2.15% Cost of federal funds purchased and repurchase agreements 2.85% 2.82% 2.85% 3.12% 3.37% 2.84% 3.35% Cost of borrowed funds 3.90% 3.80% 3.70% 3.70% 3.64% 3.80% 3.90% Total cost of interest-bearing liabilities 2.11% 2.06% 2.00% 2.16% 2.25% 2.06% 2.25% Net interest margin 3.39% 3.25% 3.23% 3.18% 3.04% 3.29% 2.94% Net interest margin, tax-equivalent (non-GAAP) (1) 3.51% 3.37% 3.35% 3.32% 3.18% 3.41% 3.08% Non-interest income/average assets 0.52% 0.48% 0.48% 0.29% 0.57% 0.49% 0.51% Non-interest expense/average assets 3.35% 2.95% 2.93% 2.90% 2.74% 3.08% 2.81% Efficiency ratio (non-GAAP) (1) 91.32% 84.52% 84.45% 89.50% 81.22% 86.85% 87.54% Non-performing assets to total assets 0.92% 0.90% 0.71% 0.65% 0.76% 0.92% 0.76% Non-performing loans to total loans 1.12% 1.10% 0.85% 0.77% 0.94% 1.12% 0.94% Allowance for credit losses to non-performing loans 104.49% 106.92% 139.72% 156.84% 129.41% 104.49% 129.41% Allowance for credit losses to loans receivable 1.17% 1.18% 1.19% 1.21% 1.22% 1.17% 1.22% Net charge-offs (recoveries) as a percentage of average loans receivable 0.06% (0.01%) 0.00% 0.08% 0.07% (0.01)% (0.01)% Basic earnings per share $ 0.32 $ 0.49 $ 0.52 $ 0.46 $ 0.82 $ 1.33 $ 1.43 Diluted earnings per share $ 0.31 $ 0.48 $ 0.52 $ 0.46 $ 0.81 $ 1.32 $ 1.42 Weighted average common shares outstanding—basic 4,283,138 4,280,844 4,276,530 4,273,421 4,273,022 4,280,195 4,270,652 Weighted average common shares outstanding—diluted 4,325,700 4,319,052 4,302,206 4,301,462 4,299,007 4,318,918 4,291,171 Stockholders' equity to total assets 7.84% 8.74% 8.56% 8.64% 8.06% 7.84% 8.06% Tangible common equity to tangible assets (non-GAAP) (1) 6.76% 7.68% 7.48% 7.56% 6.99% 6.76% 6.99% Book value per share $ 36.45 $ 41.15 $ 39.81 $ 40.37 $ 38.24 $ 36.45 $ 38.24 Tangible common book value per share (non-GAAP) (1) $ 31.07 $ 35.75 $ 34.39 $ 34.92 $ 32.77 $ 31.07 $ 32.77 Closing stock price $ 41.65 $ 36.78 $ 36.30 $ 35.19 $ 32.09 $ 41.65 $ 32.09 Dividends declared per common share $ 0.12 $ 0.12 $ 0.12 $ 0.12 $ 0.12 $ 0.36 $ 0.24 (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 Third Quarter 2026 Financial Results (unaudited) Average Balances, Interest, Rates Quarter Ended September 30, 2026 June 30, 2026 March 31, 2026 (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 $ 75,192 $ 683 3.63% $ 78,886 $ 718 3.64% $ 96,250 $ 949 3.94% Federal funds sold 1,276 9 2.82% 1,046 8 3.06% 1,523 11 2.89% Securities available-for-sale 303,374 1,768 2.33% 309,251 1,757 2.27% 318,670 1,771 2.22% Loans receivable 1,495,817 21,438 5.73% 1,474,063 20,468 5.55% 1,445,921 19,871 5.50% Federal Home Loan Bank stock 6,547 119 7.27% 6,547 114 6.97% 6,547 119 7.27% Total interest earning assets 1,882,206 $24,017 5.10% 1,869,793 $23,065 4.93% 1,868,911 $22,721 4.86% Cash and non-interest bearing deposits in other financial institutions 15,864 15,504 21,331 Allowance for credit losses (17,541) (17,418) (17,608) Other non-interest bearing assets 144,816 143,484 143,452 Total assets $2,025,345 $2,011,363 $2,016,086 LIABILITIES AND STOCKHOLDERS' EQUITY Interest-bearing deposits $1,462,769 $ 7,478 2.04% $1,446,072 $ 7,159 1.98% $1,447,994 $ 6,959 1.92% Federal funds purchased and repurchase agreements 26,852 191 2.85% 33,076 233 2.82% 38,113 272 2.85% Borrowed funds 41,630 406 3.90% 51,925 493 3.80% 45,334 419 3.70% Total interest bearing liabilities 1,531,251 $ 8,075 2.11% 1,531,073 $ 7,885 2.06% 1,531,441 $ 7,650 2.00% Non-interest bearing deposits 282,313 268,540 270,626 Other non-interest bearing liabilities 36,373 35,243 34,588 Total liabilities 1,849,937 1,834,856 1,836,655 Total stockholders' equity 175,408 176,507 179,431 Total liabilities and stockholders' equity $2,025,345 $2,011,363 $2,016,086 Net interest income $15,942 $15,180 $15,071 Return on average assets 0.27% 0.42% 0.44% Return on average equity 3.10% 4.74% 5.00% Net interest margin 3.39% 3.25% 3.23% Net interest margin, tax-equivalent (non-GAAP)(1) 3.51% 3.37% 3.35% Net interest spread 2.99% 2.87% 2.86% Ratio of interest-earning assets to interest-bearing liabilities 1.23x 1.22x 1.22x (1) See the reconciliation of non-GAAP measures to the most directly comparable GAAP measures on pg 13.
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7 Finward Bancorp Exhibit 99.1 Third Quarter 2026 Financial Results (unaudited) Consolidated Balance Sheets As of (Dollars in thousands) 9/30/2026 6/30/2026 3/31/2026 12/31/2025 9/30/2025 ASSETS Cash and non-interest bearing deposits in other financial institutions$ 16,630$ 17,384$ 15,758$ 18,265$ 19,458 Interest bearing deposits in other financial institutions74,978 76,270 102,997 101,382 84,157 Federal funds sold 1,051 988 - - 563 Total cash and cash equivalents 92,659 94,642 118,755 119,647 104,178 Securities available-for-sale 279,869 310,198 307,686 316,227 335,150 Loans held-for-sale 2,181 1,083 - 1,096 2,641 Loans receivable, net of deferred fees and costs 1,499,2221,503,7931,455,118 1,450,3871,473,774 Less: allowance for credit losses (17,542) (17,694) (17,285) (17,506) (17,977) Net loans receivable 1,481,6801,486,0991,437,8331,432,8811,455,797 Federal Home Loan Bank stock 6,547 6,547 6,547 6,547 6,547 Accrued interest receivable 7,802 7,671 7,700 7,781 7,585 Premises and equipment 43,499 43,932 44,315 44,976 45,544 Cash value of bank owned life insurance 34,225 34,010 33,786 33,586 33,843 Goodwill 22,395 22,395 22,395 22,395 22,395 Other intangible assets 896 984 1,076 1,172 1,273 Other assets 42,372 33,145 35,063 34,873 37,771 Total assets $2,014,125$2,040,706$2,015,156$2,021,181$2,052,724 LIABILITIES AND STOCKHOLDERS' EQUITY Deposits: Non-interest bearing $ 281,477$ 270,682$ 278,705$ 267,441$ 280,296 Interest bearing 1,476,9801,461,8621,440,3661,459,5301,470,350 Total 1,758,4571,732,5441,719,0711,726,9711,750,646 Federal funds purchased and repurchase agreements24,849 30,301 40,815 39,703 48,426 Borrowed funds 35,000 65,000 50,000 45,000 55,000 Accrued expenses and other liabilities 37,977 34,574 32,870 34,844 33,157 Total liabilities 1,856,2831,862,4191,842,7561,846,5181,887,229 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 71,232 70,530 70,397 70,331 70,233 Accumulated other comprehensive loss (63,520) (41,532) (45,713) (41,662) (49,266) Retained earnings 150,130 149,289 147,716 145,994 144,528 Total stockholders' equity 157,842 178,287 172,400 174,663 165,495 Total liabilities and stockholders' equity $2,014,125$2,040,706$2,015,156$2,021,181$2,052,724 (1) Shares of common stock issued and outstanding were 4,330,893 at 9/30/2026; 4,333,002 at 6/30/2026; 4,330,486 at 3/31/2026; 4,326,747 at 12/31/2025; and 4,327,511 at 9/30/2025.
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8 Finward Bancorp Exhibit 99.1 Third Quarter 2026 Financial Results (unaudited) Consolidated Statements of Income Quarter Ended (Dollars in thousands, except per share data) 9/30/20266/30/20263/31/202612/31/20259/30/2025 Interest income: Loans $ 21,438$ 20,468$ 19,871$ 20,496$ 20,246 Securities & short-term investments 2,579 2,597 2,850 2,916 3,094 Total interest income 24,017 23,065 22,721 23,412 23,340 Interest expense: Deposits 7,478 7,159 6,959 7,605 7,996 Borrowings 597 726 691 765 901 Total interest expense 8,075 7,885 7,650 8,370 8,897 Net interest income 15,942 15,180 15,071 15,042 14,443 Provision for (benefit from) credit losses 124 264 55 (84) (301) Net interest income after provision for credit losses15,818 14,916 15,016 15,126 14,744 Non-interest income: Fees and service charges 1,251 1,331 1,295 1,485 1,463 Wealth management operations 725 748 661 659 759 Gain (loss) on tax credit investment - - - - 23 Gain (loss) on sale of loans held-for-sale, net 281 228 257 346 265 Gain (loss) on sale of securities, net - - - (1,577) - Bank owned life insurance 215 223 201 522 439 Gain (loss) on sale of property and equipment182 (180) - 1 (56) Other 1 48 3 37 20 Total non-interest income 2,655 2,398 2,417 1,473 2,913 Non-interest expense: Compensation and benefits 9,735 8,033 7,591 7,573 7,330 Occupancy and equipment 1,693 1,741 1,991 2,111 2,004 Data processing 1,210 1,176 1,105 1,465 1,116 Federal deposit insurance premiums 383 347 381 417 399 Marketing 399 266 587 230 257 Professional and outside services 1,614 1,221 1,169 906 945 Technology 594 516 508 521 549 Other 1,355 1,557 1,436 1,558 1,497 Total non-interest expense 16,983 14,857 14,768 14,781 14,097 Income before income taxes 1,490 2,457 2,665 1,818 3,560 Income tax expenses (benefit) 129 364 423 (166) 63 Net income $ 1,361$ 2,093$ 2,242$ 1,984$ 3,497 Earnings per common share: Basic $ 0.32 $ 0.49 $ 0.52 $ 0.46 $ 0.82 Diluted $ 0.31 $ 0.48 $ 0.52 $ 0.46 $ 0.81
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9 Finward Bancorp Exhibit 99.1 Third Quarter 2026 Financial Results (unaudited) Consolidated Statements of Income (cont'd) Nine Months Ended (Dollars in thousands, except per share data) 9/30/2026 9/30/2025 Interest income: Loans $ 61,777$ 59,841 Securities & short-term investments 8,026 8,510 Total interest income 69,803 68,351 Interest expense: Deposits 21,596 23,821 Borrowings 2,014 2,829 Total interest expense 23,610 26,650 Net interest income 46,193 41,701 Provision for (benefit from) credit losses 443 (121) Net interest income after provision for credit losses 45,750 41,822 Non-interest income: Fees and service charges 3,877 3,902 Wealth management operations 2,134 2,074 Gain on tax credit investment — 90 Gain on sale of loans held-for-sale, net 766 873 Bank owned life insurance 639 857 Gain (loss) on sale of property and equipment 2 (56) Other 52 85 Total non-interest income 7,470 7,825 Non-interest expense: Compensation and benefits 25,359 22,015 Occupancy and equipment 5,425 6,050 Data processing 3,491 3,496 Federal deposit insurance premiums 1,111 1,303 Marketing 1,252 557 Professional and outside services 4,004 3,320 Technology 1,618 1,548 Other 4,348 5,066 Total non-interest expense 46,608 43,355 Income before income taxes 6,612 6,292 Income tax expenses 916 189 Net income $ 5,696$ 6,103 Earnings per common share: Basic $ 1.33 $ 1.43 Diluted $ 1.32 $ 1.42
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10 Finward Bancorp Exhibit 99.1 Third Quarter 2026 Financial Results (unaudited) Loans As of (Dollars in thousands) 9/30/2026 6/30/2026 3/31/2026 12/31/2025 9/30/2025 9/30/2026 vs 6/30/2026 9/30/2026 vs 9/30/2025 Residential real estate $ 454,668 $ 455,882 $ 445,097 $ 442,443 $ 450,007 $ (1,214) (0.3)% $ 4,661 1.0% Home equity 53,180 55,601 53,855 53,497 51,813 (2,421) (4.4)% 1,367 2.6% Commercial real estate 595,850 597,364 564,613 555,594 564,558 (1,514) (0.3)% 31,292 5.5% Construction and land development 86,646 77,710 76,582 77,208 79,678 8,936 11.5% 6,968 8.7% Multifamily 173,382 180,148 185,824 183,902 192,698 (6,766) (3.8)% (19,316) (10.0)% Commercial business 105,513 103,281 94,160 99,304 96,192 2,232 2.2% 9,321 9.7% Consumer 278 2,036 310 870 348 (1,758) (86.3)% (70) (20.1)% Manufactured homes 21,318 22,050 22,981 23,708 24,372 (732) (3.3)% (3,054) (12.5)% Government 7,640 9,818 9,998 12,298 12,298 (2,178) (22.2)% (4,658) (37.9)% Loans receivable 1,498,475 1,503,890 1,453,420 1,448,824 1,471,964 (5,415) (0.4)% 26,511 1.8% Net deferred loan origination costs 745 1,006 1,723 1,606 1,719 (261) (25.9)% (974) (56.7)% Loan clearing funds 2 (1,103) (25) (43) 91 1,105 (100.2)% (89) (97.8)% Loans receivable, net $1,499,222 $1,503,793 $1,455,118 $1,450,387 $1,473,774 $ (4,571) (0.3)% $ 25,448 1.7% Deposits As of (Dollars in thousands) 9/30/2026 6/30/2026 3/31/2026 12/31/2025 9/30/2025 9/30/2026 vs 6/30/2026 9/30/2026 vs 9/30/2025 Checking $ 590,974 $ 584,901 $ 587,575 $ 592,214 $ 579,760 $ 6,073 1.0% $ 11,214 1.9% Savings 241,412 247,054 253,408 254,055 257,058 (5,642) (2.3)% (15,646) (6.1)% Money market 432,725 403,140 389,274 381,111 377,155 29,585 7.3% 55,570 14.7% Certificates of deposit 493,346 497,449 488,814 499,591 536,673 (4,103) (0.8)% (43,327) (8.1)% Total deposits $1,758,457 $1,732,544 $1,719,071 $1,726,971 $1,750,646 $25,913 1.5% $ 7,811 0.4%
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11 Finward Bancorp Exhibit 99.1 Third Quarter 2026 Financial Results (unaudited) Asset Quality As of and for the Quarter Ended (Dollars in thousands) 9/30/2026 6/30/2026 3/31/2026 12/31/2025 9/30/2025 Non-accruing loans $ 16,788$ 16,549$ 12,371$ 11,162$ 13,892 Securities in non-accrual 1,708 1,909 1,891 1,882 1,616 Foreclosed real estate - - 89 89 - Total nonperforming assets $ 18,496$ 18,458$ 14,351$ 13,133$ 15,508 Allowance for credit losses (ACL): ACL specific allowances for collateral dependent loans $ 155 $ 147 $ - $ 263 $ 912 ACL general allowances for loan portfolio17,387 17,547 17,285 17,243 17,065 Total ACL $ 17,542$ 17,694$ 17,285$ 17,506$ 17,977 Allowance for Credit Losses As of and for the Quarter Ended (Dollars in thousands) 9/30/2026 6/30/2026 3/31/2026 12/31/2025 9/30/2025 Beginning allowance for credit losses $ 17,694$ 17,285$ 17,506$ 17,977$ 18,184 Provision for (benefit from) loan losses 88 378 (224) (170) 61 Net (charge-offs) recoveries (240) 31 3 (301) (268) Ending allowance for credit losses $ 17,542$ 17,694$ 17,285$ 17,506$ 17,977
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12 Finward Bancorp Exhibit 99.1 Third Quarter 2026 Financial Results (unaudited) Bank-Level Regulatory Capital Requirements September 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 $ 191,109 11.74%$ 73,249 4.50%$ 105,805 6.50% Tier 1 capital to risk-weighted assets$ 191,109 11.74%$ 97,666 6.00%$ 130,221 8.00% Total capital to risk-weighted assets$ 210,604 12.94%$ 130,221 8.00%$ 162,777 10.00% Tier 1 leverage ratio $ 191,109 9.29%$ 82,312 4.00%$ 102,891 5.00% (1) Current quarter ratios are estimated.
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13 Finward Bancorp Exhibit 99.1 Third Quarter 2026 Financial Results (unaudited) Reconciliation of Non-GAAP Performance Measures Quarter Ended (Dollars in thousands, except per share amounts) 9/30/20266/30/20263/31/202612/31/20259/30/2025 Tangible Common Ratios Stockholder's equity (GAAP) $ 157,842 $ 178,287 $ 172,400 $ 174,663 $ 165,495 Less: Goodwill (GAAP) (22,395) (22,395) (22,395) (22,395) (22,395) Less: Other intangibles (GAAP) (896) (984) (1,076) (1,172) (1,273) Tangible common equity (non-GAAP) $ 134,551 $ 154,908 $ 148,929 $ 151,096 $ 141,827 Total assets (GAAP) $2,014,125 $2,040,706 $2,015,156 $2,021,181 $2,052,724 Less: Goodwill (GAAP) (22,395) (22,395) (22,395) (22,395) (22,395) Less: Other intangibles (GAAP) (896) (984) (1,076) (1,172) (1,273) Tangible assets (non-GAAP) $1,990,834 $2,017,327 $1,991,685 $1,997,614 $2,029,056 Shares outstanding - end of quarter 4,330,893 4,333,002 4,330,486 4,326,747 4,327,511 Common book value per share (GAAP) $ 36.45 $ 41.15 $ 39.81 $ 40.37 $ 38.24 Tangible common book value per share (non-GAAP) $ 31.07 $ 35.75 $ 34.39 $ 34.92 $ 32.77 Total equity to total assets (GAAP) 7.84% 8.74% 8.56% 8.64% 8.06% Tangible common equity to tangible assets (non-GAAP) 6.76% 7.68% 7.48% 7.56% 6.99% Calculation of net interest margin, taxable-equivalent basis Net interest income (GAAP) $ 15,942 $ 15,180 $ 15,071 $ 15,042 $ 14,443 Tax-equivalent adjustment on securities and loans (1) 575 580 582 629 663 Net interest income (tax-equivalent basis) $ 16,517 $ 15,760 $ 15,653 $ 15,671 $ 15,106 Total average earning assets $1,882,206 $1,869,793 $1,868,911 $1,889,616 $1,900,066 Net interest margin 3.39% 3.25% 3.23% 3.18% 3.04% Net interest margin (tax-equivalent basis) 3.51% 3.37% 3.35% 3.32% 3.18% Efficiency ratio Total non-interest expense $ 16,983 $ 14,857 $ 14,768 $ 14,781 $ 14,097 Total revenue 18,597 17,578 17,488 16,515 17,356 Efficiency ratio 91.32% 84.52% 84.45% 89.50% 81.22% (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%.