Finward Bancorp Earnings Per Share Disclosure
| Year ended December 31, | ||||||||||||||
| (dollars in thousands except per share data) | 2025 | 2024 | ||||||||||||
| Basic earnings per common share: | ||||||||||||||
| Net income as reported | $ | 8,087 | $ | 12,130 | ||||||||||
| Weighted average common shares outstanding—basic | 4,271,350 | 4,259,570 | ||||||||||||
| Basic earnings per common share | $ | 1.89 | $ | 2.85 | ||||||||||
| Diluted earnings per common share: | ||||||||||||||
| Net income as reported | $ | 8,087 | $ | 12,130 | ||||||||||
| Weighted average common shares outstanding | 4,271,350 | 4,259,570 | ||||||||||||
| Add: Dilutive effect of unvested restricted stock awards | 20,708 | 15,063 | ||||||||||||
| Weighted average common shares outstanding—diluted | 4,292,058 | 4,274,633 | ||||||||||||
| Diluted earnings per common share | $ | 1.88 | $ | 2.84 | ||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 25, 2026 | Showing above |
| 2024 | Mar 31, 2025 | |
| 2023 | Mar 28, 2024 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.