Finward Bancorp Income Statement

Income Statement Dec2010 Dec2011 Dec2012 Dec2013 Dec2014 Dec2015 Dec2016 Dec2017 Dec2018 Dec2019 Dec2020 Dec2021 Dec2022 Dec2023 Dec2024
Revenue & Cost
Provisions 5.57M3.51M2.35M0.45M0.88M0.95M1.27M1.20M1.31M2.58M3.69M0.01M2.02M-0.50M
Revenue 30.89M30.00M31.26M29.79M31.44M34.22M37.67M38.52M43.46M53.83M64.03M64.52M78.66M65.30M71.09M
Interest income
Interest income - Loans 24.05M20.89M20.66M20.89M21.23M23.20M26.27M26.86M32.39M44.45M44.87M41.57M62.13M74.76M77.52M
Interest Income - Debt Securities 6.01M6.07M5.39M5.22M5.92M6.15M6.10M6.43M7.02M8.23M9.42M10.06M13.69M9.12M8.66M
Other interest income 0.03M0.02M0.02M0.04M0.03M0.03M0.03M0.07M0.18M0.85M0.24M0.06M0.33M1.90M3.00M
Interest Income - Total 30.09M26.99M26.07M26.16M27.18M29.38M32.40M33.36M39.45M52.25M51.62M50.66M72.03M85.78M89.18M
Interest expenses
Interest Expense - Deposits 3.91M2.47M1.57M1.14M1.25M1.51M1.77M2.06M3.80M8.36M5.32M2.00M3.60M25.44M35.16M
Interest Expense - Debt 0.90M0.65M0.69M0.52M0.50M0.44M0.48M0.42M1.12M0.50M0.33M0.03M1.09M4.50M3.97M
Interest Expense - Fed Funds 0.18M0.11M0.08M0.07M0.07M0.07M0.10M0.11M0.18M0.23M0.09M0.05M0.20M1.29M1.60M
Interest Expenses 4.99M3.23M2.35M1.73M1.82M2.01M2.35M2.59M5.09M9.09M5.74M2.08M4.89M31.23M40.73M
Interest Income - Net 25.10M23.75M23.73M24.43M25.36M27.37M30.05M30.77M34.36M43.16M45.88M48.58M67.15M54.55M48.45M
Non-interest income
Interest Income - Total 19.53M20.25M21.38M23.98M24.49M26.42M28.79M29.57M33.05M40.57M42.19M47.07M67.15M52.53M48.95M
Financial Services Fees 1.26M1.40M1.60M1.66M1.68M1.71M3.87M4.74M5.16M5.39M6.26M6.02M5.31M
Service Charges 2.54M2.50M2.68M2.54M2.74M2.90M2.91M3.31M
Investment Gain (Loss) 0.91M0.97M1.12M0.63M0.54M0.61M0.83M0.86M1.20M0.62M2.35M1.99M0.66M-0.05M-0.53M
Investment Banking Income 1.26M0.26M0.99M0.38M0.62M1.21M1.61M1.20M1.62M2.07M7.59M5.53M1.47M1.08M1.14M
Income - Trust 1.70M1.92M2.14M2.38M2.11M2.48M2.85M
Asset Management 1.17M1.18M1.26M
Other Non-Interest Income 0.95M4.93M2.10M1.86M1.76M0.52M0.56M1.48M1.01M1.62M0.79M0.86M1.23M2.57M2.47M
Non-Interest Income 5.79M6.25M7.54M5.36M6.07M6.85M7.61M7.75M9.10M10.67M18.15M15.95M11.51M10.75M22.65M
Operating Items
Research & Development 0.94M1.00M1.07M1.02M1.14M1.27M1.34M1.45M2.47M2.97M2.27M3.65M6.75M4.73M4.67M
Wages, Salaries and Other 9.60M9.95M10.78M10.60M11.42M13.15M13.98M14.22M16.41M19.62M22.86M24.24M28.99M27.66M27.74M
Rent Expense 3.01M3.33M3.06M3.12M3.24M3.52M3.63M3.28M3.65M4.55M4.93M5.54M6.79M6.38M8.25M
Other Operating Expenses 15.39M15.59M15.98M15.68M16.64M18.83M19.74M20.75M25.26M29.87M34.44M37.45M-0.30M0.28M45.22M
Operating Expenses 19.34M19.93M20.12M19.82M21.02M23.62M24.71M25.49M31.38M37.39M41.64M46.64M62.10M55.23M58.14M
Operating Income 2.26M2.91M3.93M3.44M3.48M1.69M2.83M
EBIT 10.96M9.79M11.14M11.24M11.37M11.66M14.04M14.42M2.26M2.91M3.93M3.44M3.48M1.69M2.83M
Non-operating items
Non Operating Investment Income 0.28M11.66M
Other Non Operating Income 0.10M0.06M
Net income details
EBT 5.98M6.56M8.79M9.52M9.55M9.65M11.69M11.83M10.77M13.86M18.71M16.38M16.56M8.04M13.46M
Tax Provisions 0.80M1.18M1.94M2.40M2.15M1.80M2.55M2.87M1.43M1.76M2.77M1.41M1.48M-0.34M1.32M
Profit After Tax 5.18M5.38M6.85M7.12M7.39M7.85M9.14M8.96M9.34M12.10M15.93M14.96M15.08M8.38M12.13M
Equity Income 0.53M0.90M0.83M0.98M0.92M
Income from Continuing Operations 5.18M5.38M6.85M7.12M7.39M7.85M9.14M8.96M9.34M12.10M15.93M14.96M15.08M8.38M12.13M
Consolidated Net Income 5.18M5.38M6.85M7.12M7.39M7.85M9.14M8.96M9.34M12.10M15.93M14.96M15.08M8.38M12.13M
Income towards Parent Company 5.18M5.38M6.85M7.12M7.39M7.85M9.14M8.96M9.34M12.10M15.93M14.96M15.08M8.38M12.13M
Net Income towards Common Stockholders 5.18M5.38M6.85M7.12M7.39M7.85M9.14M8.96M9.34M12.10M15.93M14.96M15.08M8.38M12.13M
Additional items
EPS (Basic) 1.831.902.412.502.602.753.203.133.173.534.604.303.611.962.85
EPS (Weighted Average and Diluted) 1.831.902.412.502.602.753.203.133.173.534.604.303.601.962.84
Shares Outstanding (Weighted Average) 3.03M3.45M3.46M3.48M4.30M4.30M4.31M
Tax Rate 13.34%17.96%22.07%25.19%22.55%18.63%21.80%24.25%13.28%12.69%14.83%8.63%8.93%9.85%