Finward Bancorp Q2 net income rises, net interest margin improves
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Finward Bancorp reported a Q2 net income of $2.2 million, up from $455,000 in Q1, with an improved net interest margin of 3.11%. Despite an increase in non-performing loans, asset quality remains stable. The company aims to enhance operating expenses and non-interest income. Analysts maintain a "buy" rating, with a median 12-month price target of $33.00, reflecting a potential 15.8% increase from its recent closing price of $27.79. The stock is currently trading at 21 times the next 12-month earnings, down from a P/E of 23 three months ago.
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