Finward Bancorp reports results for the quarter ended September 30 - Earnings Summary
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Finward Bancorp reported adjusted earnings of 81 cents per share for the quarter ended September 30, significantly up from 14 cents a year ago and exceeding analyst expectations of 40 cents. Revenue increased by 16.7% to $17.36 million, slightly below the expected $17.80 million. The company’s net income was $3.5 million, and its shares rose 2.5% this quarter. Analysts maintain a "buy" rating, with a median 12-month price target of $31.00, 4.7% below the last closing price of $32.46.
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