Finward Bancorp (FNWD) AGM 2025 Presentation summary

Company overview and business segments

• Established in 1910, headquartered in Munster, IN, with 26 banking centers in Indiana and Illinois.

• Focuses on commercial lending, low-cost core deposits, and a growing wealth management business.

• Wealth management has approximately $400M in assets under management and saw 17% YOY revenue growth from 2022-2023.

• Operates full-service mortgage banking and corporate fiduciary services.

Financial highlights

• Total assets were $2.07B in 2022, $2.11B in 2023, and $2.07B YTD 2024.

• Net interest margin declined from 3.56% in 2022 to 2.24% YTD 2024.

• Return on average assets (ROAA) improved to 1.77% YTD 2024 from 0.40% in 2023.

• Non-performing assets to assets ratio was 0.64% YTD 2024.

• Total equity increased to $152M YTD 2024.

Leadership and governance

• Executive team has decades of combined banking experience and deep ties to core markets.

• Board of Directors is diverse in age and tenure, with an independent chairman.

• Risk-aligned corporate culture promotes responsibility and accountability.