Finward Bancorp Announces First Quarter 2026 Results

1 Exhibit 99.1 April 28, 2026 Finward Bancorp Announces First 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 $2.2 million, or $0.52 per diluted share, for the quarter ended March 31, 2026, as compared to $2.0 million, or $0.46 per diluted share, for the quarter ended December 31, 2025. Selected performance metrics are as follows for the periods presented: Performance Ratios Quarter ended 3/31/2026 12/31/2025 9/30/2025 6/30/2025 3/31/2025 Return on equity 5.00% 4.66% 8.96% 5.66% 1.17% Return on assets 0.44% 0.39% 0.68% 0.42% 0.09% Net interest margin, tax-equivalent (non-GAAP) 3.35% 3.32% 3.18% 3.11% 2.95% Non-interest income/average assets 0.48% 0.29% 0.57% 0.53% 0.43% Non-interest expense/average assets 2.93% 2.90% 2.74% 2.90% 2.81% Efficiency ratio 84.45% 89.50% 81.22% 88.92% 93.11% “Results for the quarter reflect continued progress in our efforts to improve profitability, and confirm expected improvement to our core earnings trajectory. Our focus on loan originations has built a solid loan pipeline, and along with the repricing of existing loans, is expected to drive net interest margin expansion and further earnings improvement in the coming quarters.” said Benjamin Bochnowski, Chief Executive Officer. “Actions taken over recent quarters are starting to translate into stronger operating performance, and this has allowed for a renewed focus on customer growth and service as the year progresses." "As part of our efficiency efforts, we announced the planned closure of two branch locations expected to occur early in the second quarter. Credit quality remains healthy, reserves are appropriate, and the organization remains well positioned to continue on our path in the current operating environment.” Highlights of the current period include: •Net Interest Margin - The net interest margin for the quarter ended March 31, 2026 was 3.23% compared to 3.18% for the quarter ended December 31, 2025. Net interest margin on a tax-equivalent basis (a non-GAAP measure) for the quarter ended March 31, 2026 was 3.35%, as compared to 3.32% for the quarter ended December 31, 2025. Net interest margin increased from the prior quarter primarily due to a favorable reduction in funding costs. •Funding - As of March 31, 2026, deposits totaled $1.72 billion, a decrease of $7.9 million, or 0.5% compared with December 31, 2025 balances, which totaled $1.73 billion. As of March 31, 2026, non-interest-bearing deposits totaled $278.7 million, an increase of $11.3 million. Core deposits totaled $1.2 billion at both March 31, 2026 and December 31, 2025. Core deposits include checking, savings, and money market accounts and represented 71.6% of the Bancorp’s total deposits at March 31, 2026. As of March 31, 2026, balances for certificates of deposit totaled $488.8 million, compared to $499.6 million on December 31, 2025, a decrease of $10.8 million or 2.2%. The decrease in total portfolio deposits is primarily related to cyclical flows and continued adjustments to deposit pricing. In addition, as of March 31, 2026, borrowings, federal funds purchased and repurchase agreements totaled $90.8 million, an increase of $6.1 million or 7.2%, compared to December 31, 2025. The increase in borrowings was primarily attributable to new FHLB advances during the quarter. As of March 31, 2026, 72.0% of our deposits are fully FDIC insured, and another 7.5% 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 sources. As of March 31, 2026, the Bancorp had available liquidity of $555 million including borrowing capacity from the FHLB and Federal Reserve facilities. 2 Exhibit 99.1 •Securities Portfolio - Securities available for sale balances decreased by $8.5 million to $307.7 million as of March 31, 2026, compared to $316.2 million as of December 31, 2025. The yield on the securities portfolio decreased to 2.22% for the three months ended March 31, 2026 from 2.29% for the three months ended December 31, 2025. The decrease in securities available for sale was primarily attributable to an increase in the negative fair value adjustment to securities, as well as maturity of certain securities. The Bank did not sell any securities during the quarter. •Lending - The Bank’s aggregate loan portfolio totaled $1.45 billion on both March 31, 2026 and December 31, 2025. During the three months ended March 31, 2026, the Bank originated $37.4 million in new commercial loans, compared to $45.8 million during the three months ended December 31, 2025, largely as expected given lending seasonality. At March 31, 2026, the Bancorp’s portfolio loan balances in commercial real estate owner occupied properties totaled $261.7 million or 18.0% of total loan balances and commercial real estate non-owner occupied properties totaled $302.9 million or 20.8% of total loan balances. Of the $302.9 million in commercial real estate non- owner occupied properties balances, loans collateralized by office buildings represented $41.6 million or 2.9% of total loan balances. •Asset Quality - At March 31, 2026, non-performing loans totaled $12.4 million, compared to $11.2 million at December 31, 2025, an increase of $1.2 million or 10.7%. The Bank’s ratio of non-performing loans to total loans was 0.85% at March 31, 2026, compared to 0.77% at December 31, 2025. The Bank’s ratio of non-performing assets to total assets was 0.71% at March 31, 2026 and 0.65% at December 31, 2025. 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 $17.3 million at March 31, 2026, or 1.19% of total loans receivable, compared to $17.5 million at December 31, 2025, or 1.21% of total loans receivable, a decrease of $221 thousand or 1.26%. The Bank's unused commitment reserve, included in other liabilities, totaled $2.0 million at March 31, 2026, compared to $1.8 million at December 31, 2025, an increase of $279 thousand or 16.0%. For the quarter ended March 31, 2026, the Bank recorded a net provision for credit loss totaling $55 thousand based on the reduction of certain loan segment balances and other factors within the Bank's ACL modeling. The first quarter's provision consisted of a $224 thousand reversal for credit losses on loans, and a $279 thousand provision of credit losses on unused commitments. For the quarter ended March 31, 2026, net loan recoveries totaled $3 thousand, compared to net loan charge-offs of $301 thousand for the quarter ended December 31, 2025. The allowance for credit losses as a percentage of non-performing loans, or coverage ratio, was 139.7% at March 31, 2026, compared to 156.8% at December 31, 2025. •Operating Income and Expenses - Non-interest income as a percentage of average assets was 0.48% for the quarter ended March 31, 2026, as compared to 0.29% for the quarter ended December 31, 2025. The increase in non-interest income quarter over quarter was primarily attributable to the $1.6 million in realized losses on the sale of investment securities during December 2025. Total non-interest expense decreased slightly from the prior quarter, while non- interest expense as a percentage of average assets was 2.93% for the quarter ended March 31, 2026, as compared to 2.90% for the quarter ended December 31, 2025. The decrease in non-interest expense quarter over quarter was primarily attributable to lower data processing and technology expenses as well as lower occupancy and equipment costs. The Bank remains focused on identifying additional operating efficiencies and third-party expense reductions. •Capital Adequacy - The Bank’s tier 1 leverage ratio was 9.24% as of March 31, 2026 and 8.93% as of December 31, 2025. The Bank’s capital continues to exceed all applicable regulatory capital requirements as set forth in 12 C.F.R. § 324. The Bancorp’s tangible book value per share (non-GAAP) was $34.39 at March 31, 2026, down from $34.92 as of December 31, 2025. Tangible common equity to tangible assets (non-GAAP) was 7.48% at March 31, 2026, down from 7.56% as of December 31, 2025. 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 25 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: 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); the Bank’s ability to demonstrate compliance with the terms of the previously disclosed 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 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 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; the inability to realize cost savings or revenues or to 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, 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 4 Exhibit 99.1 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. 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. FOR FURTHER INFORMATION CONTACT SHAREHOLDER SERVICES (219) 853-7575 5 Finward Bancorp Exhibit 99.1 First Quarter 2026 Financial Results (unaudited) Performance Ratios Quarter Ended 3/31/2026 12/31/2025 9/30/2025 6/30/2025 3/31/2025 Return on equity 5.00% 4.66% 8.96% 5.66% 1.17% Return on assets 0.44% 0.39% 0.68% 0.42% 0.09% Yield on loans 5.50% 5.64% 5.49% 5.36% 5.25% Yield on security investments 2.22% 2.29% 2.40% 2.42% 2.38% Total yield on earning assets 4.86% 4.96% 4.91% 4.82% 4.71% Cost of interest-bearing deposits 1.92% 2.09% 2.16% 2.12% 2.17% Cost of federal funds purchased and repurchase agreements 2.85% 3.12% 3.37% 3.32% 3.35% Cost of borrowed funds 3.70% 3.70% 3.64% 3.91% 4.12% Total cost of interest-bearing liabilities 2.00% 2.16% 2.25% 2.22% 2.28% Net interest margin 3.23% 3.18% 3.04% 2.97% 2.81% Net interest margin, tax-equivalent (non-GAAP) (1) 3.35% 3.32% 3.18% 3.11% 2.95% Non-interest income/average assets 0.48% 0.29% 0.57% 0.53% 0.43% Non-interest expense/average assets 2.93% 2.90% 2.74% 2.90% 2.81% Efficiency ratio (non-GAAP) (1) 84.45% 89.50% 81.22% 88.92% 93.11% Non-performing assets to total assets 0.71% 0.65% 0.76% 0.74% 0.69% Non-performing loans to total loans 0.85% 0.77% 0.94% 0.91% 0.84% Allowance for credit losses to non-performing loans 139.72% 156.84% 129.41% 133.01% 143.84% Allowance for credit losses to loans receivable 1.19% 1.21% 1.22% 1.22% 1.20% Net charge-offs (recoveries) as a percentage of average loans receivable 0.00% 0.08% 0.07% (0.11%) 0.01% Basic earnings per share $0.52 $0.46 $0.82 $0.50 $0.11 Diluted earnings per share $0.52 $0.46 $0.81 $0.50 $0.11 Weighted average common shares outstanding—basic 4,276,530 4,273,421 4,273,022 4,271,952 4,266,976 Weighted average common shares outstanding—diluted 4,302,206 4,301,462 4,299,007 4,291,319 4,284,496 Stockholders' equity to total assets 8.56% 8.64% 8.06% 7.48% 7.44% Tangible common equity to tangible assets (non-GAAP) (1) 7.48% 7.56% 6.99% 6.41% 6.34% Book value per share $39.81 $40.37 $38.24 $35.67 $35.10 Tangible common book value per share (non-GAAP) (1) $34.39 $34.92 $32.77 $30.16 $29.55 Closing stock price $36.30 $35.19 $32.09 $27.62 $29.10 Dividends declared per common share $0.12 $0.12 $0.12 $0.12 $— (1)See the reconciliation of these non-GAAP measures to the most directly comparable GAAP measures on pg 12. 6 Finward Bancorp Exhibit 99.1 First Quarter 2026 Financial Results (unaudited) Average Balances, Interest, Rates Quarter Ended March 31, 2026 December 31, 2025 September 30, 2025 (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 $96,250 $949 3.94% $100,035 $903 3.61% $90,880 $991 4.36% Federal funds sold 1,523 11 2.89% 1,113 10 3.59% 1,285 12 3.74% Securities available-for-sale 318,670 1,771 2.22% 327,747 1,877 2.29% 327,030 1,965 2.40% Loans receivable 1,445,921 19,871 5.50% 1,454,174 20,496 5.64% 1,474,324 20,246 5.49% Federal Home Loan Bank stock 6,547 119 7.27% 6,547 126 7.70% 6,547 126 7.70% Total interest earning assets 1,868,911 $22,721 4.86% 1,889,616 $23,412 4.96% 1,900,066 $23,340 4.91% Cash and non-interest bearing deposits in other financial institutions 21,331 23,385 24,882 Allowance for credit losses (17,608) (18,049) (18,243) Other non-interest bearing assets 143,452 146,675 152,135 Total assets $2,016,086 $2,041,627 $2,058,840 LIABILITIES AND STOCKHOLDERS' EQUITY Interest-bearing deposits $1,447,994 $6,959 1.92% $1,458,748 $7,605 2.09% $1,478,543 $7,996 2.16% Federal funds purchased and repurchase agreements 38,113 272 2.85% 40,968 317 3.10% 46,498 392 3.37% Borrowed funds 45,334 419 3.70% 48,089 448 3.73% 55,904 509 3.64% Total interest bearing liabilities 1,531,441 $7,650 2.00% 1,547,805 $8,370 2.16% 1,580,945 $8,897 2.25% Non-interest bearing deposits 270,626 288,073 285,347 Other non-interest bearing liabilities 34,588 35,588 36,397 Total liabilities 1,836,655 1,871,466 1,902,689 Total stockholders' equity 179,431 170,161 156,151 Total liabilities and stockholders' equity $2,016,086 $2,041,627 $2,058,840 Net interest income $15,071 $15,042 $14,443 Return on average assets 0.44% 0.39% 0.68% Return on average equity 5.00% 4.66% 8.96% Net interest margin 3.23% 3.18% 3.04% Net interest margin, tax-equivalent (non-GAAP)(1) 3.35% 3.32% 3.18% Net interest spread 2.86% 2.80% 2.66% Ratio of interest-earning assets to interest-bearing liabilities 1.22x 1.22x 1.20x (1)See the reconciliation of non-GAAP measures to the most directly comparable GAAP measures on pg 12. 7 Finward Bancorp Exhibit 99.1 First Quarter 2026 Financial Results (unaudited) Consolidated Balance Sheets As of (Dollars in thousands) 3/31/2026 12/31/2025 9/30/2025 6/30/2025 3/31/2025 ASSETS Cash and non-interest bearing deposits in other financial institutions $15,758 $18,265 $19,458 $23,027 $18,563 Interest bearing deposits in other financial institutions 102,997 101,382 84,157 79,976 52,829 Federal funds sold - - 563 411 975 Total cash and cash equivalents 118,755 119,647 104,178 103,414 72,367 Securities available-for-sale 307,686 316,227 335,150 327,845 330,127 Loans held-for-sale - 1,096 2,641 834 2,849 Loans receivable, net of deferred fees and costs 1,455,118 1,450,387 1,473,774 1,484,278 1,491,696 Less: allowance for credit losses (17,285) (17,506) (17,977) (18,184) (17,955) Net loans receivable 1,437,833 1,432,881 1,455,797 1,466,094 1,473,741 Federal Home Loan Bank stock 6,547 6,547 6,547 6,547 6,547 Accrued interest receivable 7,700 7,781 7,585 7,651 7,821 Premises and equipment 44,315 44,976 45,544 46,179 46,680 Cash value of bank owned life insurance 33,786 33,586 33,843 33,932 33,712 Goodwill 22,395 22,395 22,395 22,395 22,395 Other intangible assets 1,076 1,172 1,273 1,414 1,635 Other assets 35,063 34,873 37,771 41,606 41,840 Total assets $2,015,156 $2,021,181 $2,052,724 $2,057,911 $2,039,714 LIABILITIES AND STOCKHOLDERS' EQUITY Deposits: Non-interest bearing $278,705 $267,441 $280,296 $271,172 $281,461 Interest bearing 1,440,366 1,459,530 1,470,350 1,483,678 1,468,923 Total 1,719,071 1,726,971 1,750,646 1,754,850 1,750,384 Federal funds purchased and repurchase agreements 40,815 39,703 48,426 48,331 45,053 Borrowed funds 50,000 45,000 55,000 65,000 56,657 Accrued expenses and other liabilities 32,870 34,844 33,157 35,477 35,813 Total liabilities 1,842,756 1,846,518 1,887,229 1,903,658 1,887,907 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 70,397 70,331 70,233 70,263 70,132 Accumulated other comprehensive loss (45,713) (41,662) (49,266) (57,560) (58,244) Retained earnings 147,716 145,994 144,528 141,550 139,919 Total stockholders' equity 172,400 174,663 165,495 154,253 151,807 Total liabilities and stockholders' equity $2,015,156 $2,021,181 $2,052,724 $2,057,911 $2,039,714 (1) Shares of common stock issued and outstanding were 4,330,486 at 3/31/2026; 4,326,747 at 12/31/2025; 4,327,511 at 9/30/2025; 4,324,889 at 6/30/2025; and 4,324,485 at 3/31/2025. 8 Finward Bancorp Exhibit 99.1 First Quarter 2026 Financial Results (unaudited) Consolidated Statements of Income Quarter Ended (Dollars in thousands, except per share data) 3/31/2026 12/31/2025 9/30/2025 6/30/2025 3/31/2025 Interest income: Loans $19,871 $20,496 $20,246 $19,940 $19,655 Securities & short-term investments 2,850 2,916 3,094 2,730 2,686 Total interest income 22,721 23,412 23,340 22,670 22,341 Interest expense: Deposits 6,959 7,605 7,996 7,780 8,045 Borrowings 691 765 901 945 983 Total interest expense 7,650 8,370 8,897 8,725 9,028 Net interest income 15,071 15,042 14,443 13,945 13,313 Provision for (benefit from) credit losses 55 (84) (301) (274) 454 Net interest income after provision for credit losses 15,016 15,126 14,744 14,219 12,859 Non-interest income: Fees and service charges 1,295 1,485 1,463 1,330 1,109 Wealth management operations 661 659 759 696 619 Gain (loss) on tax credit investment - - 23 - 67 Gain (loss) on sale of loans held-for-sale, net 257 346 265 378 230 Gain (loss) on sale of securities, net - (1,577) - - - Bank owned life insurance 201 522 439 220 198 Gain (loss) on sale of property and equipment - 1 (56) - - Other 3 37 20 59 6 Total non-interest income 2,417 1,473 2,913 2,683 2,229 Non-interest expense: Compensation and benefits 7,591 7,573 7,330 7,313 7,372 Occupancy and equipment 1,991 2,111 2,004 1,935 2,111 Data processing 1,105 1,465 1,116 1,341 1,039 Marketing 587 230 257 214 86 Federal deposit insurance premiums 381 417 399 471 433 Professional and outside services 1,169 906 945 1,115 1,260 Technology 508 521 549 545 454 Other 1,436 1,558 1,497 1,852 1,717 Total non-interest expense 14,768 14,781 14,097 14,786 14,472 Income before income taxes 2,665 1,818 3,560 2,116 616 Income tax expenses (benefit) 423 (166) 63 (35) 161 Net income $2,242 $1,984 $3,497 $2,151 $455 Earnings per common share: Basic $0.52 $0.46 $0.82 $0.50 $0.11 Diluted $0.52 $0.46 $0.81 $0.50 $0.11 9 Finward Bancorp Exhibit 99.1 First Quarter 2026 Financial Results (unaudited) Loans As of (Dollars in thousands) 3/31/2026 12/31/2025 9/30/2025 6/30/2025 3/31/2025 3/31/2026 vs 12/31/2025 3/31/2026 vs 3/31/2025 Residential real estate $445,097 $442,443 $450,007 $457,248 $458,424 $2,654 0.6% $(13,327) (2.9)% Home equity 53,855 53,497 51,813 51,112 49,752 358 0.7% 4,103 8.2% Commercial real estate 564,613 555,594 564,558 551,091 554,866 9,019 1.6% 9,747 1.8% Construction and land development 76,582 77,208 79,678 74,795 86,728 (626) (0.8)% (10,146) (11.7)% Multifamily 185,824 183,902 192,698 200,440 204,964 1,922 1.0% (19,140) (9.3)% Commercial business 94,160 99,304 96,192 105,636 99,519 (5,144) (5.2)% (5,359) (5.4)% Consumer 310 870 348 2,347 504 (560) (64.4)% (194) (38.5)% Manufactured homes 22,981 23,708 24,372 25,146 25,762 (727) (3.1)% (2,781) (10.8)% Government 9,998 12,298 12,298 14,628 9,279 (2,300) (18.7)% 719 7.7% Loans receivable 1,453,420 1,448,824 1,471,964 1,482,443 1,489,798 4,596 0.3% (36,378) (2.4)% Net deferred loan origination costs 1,723 1,606 1,719 2,012 2,209 117 7.3% (486) (22.0)% Loan clearing funds (25) (43) 91 (177) (311) 18 (41.9)% 286 (92.0)% Loans receivable, net $1,455,118 $1,450,387 $1,473,774 $1,484,278 $1,491,696 $4,731 0.3% $(36,578) (2.5)% Deposits As of (Dollars in thousands) 3/31/2026 12/31/2025 9/30/2025 6/30/2025 3/31/2025 3/31/2026 vs 12/31/2025 3/31/2026 vs 3/31/2025 Checking $587,575 $592,214 $579,760 $593,471 $589,403 $(4,639) (0.8)% $(1,828) (0.3)% Savings 253,408 254,055 257,058 266,070 274,028 (647) (0.3)% (20,620) (7.5)% Money market 389,274 381,111 377,155 352,616 342,106 8,163 2.1% 47,168 13.8% Certificates of deposit 488,814 499,591 536,673 542,693 544,847 (10,777) (2.2)% (56,033) (10.3)% Total deposits $1,719,071 $1,726,971 $1,750,646 $1,754,850 $1,750,384 $(7,900) (0.5)% $(31,313) (1.8)% 10 Finward Bancorp Exhibit 99.1 First Quarter 2026 Financial Results (unaudited) Asset Quality As of and for the Quarter Ended (Dollars in thousands) 3/31/2026 12/31/2025 9/30/2025 6/30/2025 3/31/2025 Non-accruing loans $12,371 $11,162 $13,892 $13,526 $12,483 Accruing loans delinquent more than 90 days - - - 145 - Securities in non-accrual 1,891 1,882 1,616 1,616 1,630 Total nonperforming assets $14,262 $13,044 $15,508 $15,287 $14,113 Allowance for Credit Losses As of and for the Quarter Ended (Dollars in thousands) 3/31/2026 12/31/2025 9/30/2025 6/30/2025 3/31/2025 Beginning allowance for credit losses $17,506 $17,977 $18,184 $17,955 $16,911 Provision for (benefit from) loan losses (224) (170) 61 (185) 1,077 Net (charge-offs) recoveries 3 (301) (268) 414 (33) Ending allowance for credit losses $17,285 $17,506 $17,977 $18,184 $17,955 11 Finward Bancorp Exhibit 99.1 First Quarter 2026 Financial Results (unaudited) Bank-Level Regulatory Capital Requirements March 31, 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 $188,161 11.78% $71,907 4.50% $103,865 6.50% Tier 1 capital to risk-weighted assets $188,161 11.78% $95,875 6.00% $127,834 8.00% Total capital to risk-weighted assets $207,477 13.00% $127,834 8.00% $159,792 10.00% Tier 1 leverage ratio $188,161 9.24% $81,448 4.00% $101,810 5.00% (1) Current quarter ratios are estimated. 12 Finward Bancorp Exhibit 99.1 First Quarter 2026 Financial Results (unaudited) Reconciliation of Non-GAAP Performance Measures Quarter Ended (Dollars in thousands, except per share amounts) 3/31/2026 12/31/2025 9/30/2025 6/30/2025 3/31/2025 Tangible Common Ratios Stockholder's equity (GAAP) $172,400 $174,663 $165,495 $154,253 $151,807 Less: Goodwill (GAAP) (22,395) (22,395) (22,395) (22,395) (22,395) Less: Other intangibles (GAAP) (1,076) (1,172) (1,273) (1,414) (1,635) Tangible common equity (non-GAAP) $148,929 $151,096 $141,827 $130,444 $127,777 Total assets (GAAP) $2,015,156 $2,021,181 $2,052,724 $2,057,911 $2,039,714 Less: Goodwill (GAAP) (22,395) (22,395) (22,395) (22,395) (22,395) Less: Other intangibles (GAAP) (1,076) (1,172) (1,273) (1,414) (1,635) Tangible assets (non-GAAP) $1,991,685 $1,997,614 $2,029,056 $2,034,102 $2,015,684 Shares outstanding - end of quarter 4,330,486 4,326,747 4,327,511 4,324,889 4,324,485 Common book value per share (GAAP) $39.81 $40.37 $38.24 $35.67 $35.10 Tangible common book value per share (non-GAAP) $34.39 $34.92 $32.77 $30.16 $29.55 Total equity to total assets (GAAP) 8.56% 8.64% 8.06% 7.50% 7.44% Tangible common equity to tangible assets (non-GAAP) 7.48% 7.56% 6.99% 6.41% 6.34% Calculation of net interest margin, taxable-equivalent basis Net interest income (GAAP) $15,071 $15,042 $14,443 $13,945 $13,313 Tax-equivalent adjustment on securities and loans (1) 582 629 663 674 670 Net interest income (tax-equivalent basis) $15,653 $15,671 $15,106 $14,619 $13,983 Total average earning assets $1,868,911 $1,889,616 $1,900,066 $1,879,892 $1,895,847 Net interest margin 3.23% 3.18% 3.04% 2.97% 2.81% Net interest margin (tax-equivalent basis) 3.35% 3.32% 3.18% 3.11% 2.95% Efficiency ratio Total non-interest expense $14,768 $14,781 $14,097 $14,786 $14,472 Total revenue 17,488 16,515 17,356 16,628 15,542 Efficiency ratio 84.45% 89.50% 81.22% 88.92% 93.11% (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%.