Finward Bancorp 第二季度净收入增加，净息差有所改善
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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Overview
- Finward Bancorp Q2 net income rises to $2.2 mln from $455,000 in Q1
- Net interest margin improves to 3.11% on a tax-equivalent basis
- Non-performing loans increase, but asset quality remains stable
Outlook
- Company sees opportunities in improving operating expenses and non-interest income
Result Drivers
- NET INTEREST MARGIN - Increased to 3.11% due to higher loan yields from repricing and improved funding costs and mix
- ASSET QUALITY - Remained stable with strong net recoveries supporting profitability
- OPERATING EXPENSES - Rose due to higher data processing and marketing expenses, with potential for future efficiencies
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q2 EPS $0.5
Q2 Net $2.20
Income mln
Q2 3.1%
Adjusted
Net
Interest
Margin
Q2 Net 3.0%
Interest
Margin
Analyst Coverage
- The current average analyst rating on the shares is “buy” and the breakdown of recommendations is 1 “strong buy” or “buy”, 1 “hold” and no “sell” or “strong sell”
- The average consensus recommendation for the banks peer group is “buy”
- Wall Street’s median 12-month price target for Finward Bancorp is $33.00, about 15.8% above its July 28 closing price of $27.79
- The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 23 three months ago
Press Release: (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
