FINWARD BANCORP ANNOUNCES THIRD QUARTER DIVIDEND

(MENAFN-GlobeNewsWire-Nasdaq) MUNSTER, Ind., Oct. 11, 2024 (GLOBE NEWSWIRE) — – Finward Bancorp (Nasdaq: FNWD) (the “Bancorp” or “Finward”), the holding company for Peoples Bank (the “Bank”), today announced that on September 20, 2024, Finward’s Board of Directors has declared a dividend of U.S. $0.12 per share of Finward common stock payable on October 31, 2024 to shareholders of record at the close of business on October 18, 2024.

About Finward Bancorp

Finward Bancorp is an independent, locally managed financial holding company headquartered in Munster, Indiana, whose activities are primarily limited to holding shares of Peoples Bank. Peoples Bank offers a broad range of personal, business, electronic and wealth management financial services at its 26 locations in Lake and Porter Counties, Northwest Indiana and the Chicagoland area. Finward Bancorp’s common stock is quoted on the NASDAQ Stock Market, LLC under the symbol FNWD. ibankpeoples.com provides information about Peoples Bank products and services and Finward Bancorp’s investor relations.

Forward-looking statements

This Current Report on Form 8-K may contain forward-looking statements about Finward’s financial performance, business prospects, growth and operating strategies. For these statements, Finward 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 other information available about Finward, including the information in filings that Finward makes with the Securities and Exchange Commission (“SEC”). Forward-looking statements provide current expectations or predictions of future events and are not guarantees of future performance. 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 the use of words such as “anticipate,” “estimate,” “project,” “intend,” “plan,” “believe,” “will” and similar expressions in connection with any discussion of operations. future or financial performance.

Although management believes that the expectations reflected in such forward-looking statements are reasonable, actual results could differ materially from those expressed or implied by such statements. Risks and uncertainties that could cause actual results to differ materially include: the Bank’s ability to demonstrate compliance with the terms of the previously disclosed consent order and the memorandum of understanding entered into between the Bank and the Federal Deposit Insurance Corporation (“FDIC ”) and Indiana Department of Financial Institutions (“DFI”), or to demonstrate compliance to the satisfaction of the FDIC and/or DFI within prescribed time frames; the Bank’s agreement, under the terms of the memorandum of understanding, to refrain from paying cash dividends without prior regulatory approval; changes in asset quality and credit risk; the inability to sustain revenue and profit growth; changes in interest rates and capital markets; inflation; customer acceptance of Finward products and services; customer lending, repayment, investment and deposit practices; customer disintermediation; the introduction, withdrawal, success and timing of business initiatives; competitive conditions; the inability to realize cost or revenue savings or 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 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 Finward’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 on the SEC’s Internet site (). All subsequent written and oral forward-looking statements relating to Finward or anyone acting on its behalf are expressly qualified in their entirety by the cautionary statements above. Except as required by law, Finward undertakes no obligation to update any forward-looking statement to reflect circumstances or events that occur after the date on which the forward-looking statement is made.

In addition to the factors above, we also caution that the actual amounts and timing of any future common stock dividends or share repurchases will be subject to a number of 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 shares, or as to the amount of such repurchases or dividends.

###

CONTACT: FOR MORE INFORMATION CONTACT INVESTOR RELATIONS (219) 853-7575

MENAFN11102024004107003653ID1108771473

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, please contact the provider above.