Finward Bancorp · NASDAQ:FNWD

Finward Bancorp — Stephens Annual Bank Forum 2025

17 slides from Finward Bancorp's conference presentation, Sep 17, 2025

  1. Slide 1: Stephens Annual Bank Forum

    Stephens Annual Bank Forum September 17, 2025 Symbol: FNWD (NASDAQ-Traded)

  2. Slide 2: Important Information: Forward-Looking Statements

    2 Important Information Forward-Looking Statements This presentation may contain forward-looking statements regarding the financial performance, business prospects, growth and operating strategies of Finward Bancorp (“FNWD”). For these statements, FNWD claims the protections of the safe harbor for f

  3. Slide 3: Finward Outlook

    3 Finward Outlook Internal Focus to Strengthen the Business Positioned for Opportunities Track Record of Expanding Relationship-Based Banking ✓ ✓ ✓  Community-focused across desirable markets in Northwest Indiana and well-diversified into Chicagoland area  Have grown the bank from $813 million to

  4. Slide 4: Overview of Finward Bancorp

    4 Overview of Finward Bancorp Company Overview Branch Map FNWD (26) September 2025 Note: (1) Fully tax-equivalent net interest margin (a non-GAAP measure) Financial HighlightsPrimary Business Segments Community Banking Wealth Management  Indiana state-chartered commercial bank organized in 1910  2

  5. Slide 5: Executive Management Team

    5 Executive Management Team Officer Years of Banking Experience Year Started at Finward Bancorp Position with Company Benjamin J. Bochnowski 16 2010 President & Chief Executive Officer Robert T. Lowry 40 1985 Executive VP & Chief Operating Officer Todd M. Scheub 32 1996 Executive VP, Chief Revenue O

  6. Slide 6: Net Interest Margin

    Net Interest Margin 6 September 2025 Net Interest Margin ($ Millions) Margin Outlook Total Interest Income ($ Millions) Total Cost of Interest-Bearing Liabilities ($ Millions) Note: (1) Tax adjusted net interest margin (a non-GAAP measure, see reconciliation in the appendix of this presentation)  T

  7. Slide 7: Funding

    7 Funding September 2025 Detailed Cost of Interest-Bearing Liabilities Funding & Available Borrowing Capacity Total Interest-Bearing Liabilities ($ Millions) Total Deposits – 2nd Quarter 2025  Total deposits increased $4.5 million during the three months ended June 30, 2025, with significant reduct

  8. Slide 8: Investment Securities

    8 Investment Securities September 2025 Accumulated Other Comprehensive Loss Balance Securities Portfolio Commentary Total Securities ($ Millions) Total Securities – 2nd Quarter 2025  Excluding Community Reinvestment Act investments, the bank has not purchased additional securities since June 30, 20

  9. Slide 9: Total Loans

    9 Total Loans September 2025 Yield on Loans Organic Loan Growth Activity Total Loans ($ Millions) Total Loans – 2nd Quarter 2025  Aggregate loan portfolio has remained relatively flat since December 31, 2023 as the Bank has focused on key relationships and building its lending pipeline  During the

  10. Slide 10: Commercial Loans

    10 Commercial Loans September 2025 CRE Non-Owner Occupied ($300.0 Million) CRE Owner Occupied ($251.1 Million) Commercial & Industrial ($105.6 Million) Strong Commercial Loan Portfolio  Well diversified commercial loan portfolio driven by relationship- based approach in known markets through Northw

  11. Slide 11: Asset Quality Summary

    11 Asset Quality Summary Non-Performing Assets and ACL Coverage  At June 30, 2025, non-performing loans totaled $13.5 million (0.92% of loans), compared to $12.5 million at March 31, 2025 (0.84% of loans), an increase of $1.0 million  Nonaccrual CRE and multifamily loans totaled $3.3 million or 24

  12. Slide 12: Diversified Sources of Fee Income

    $1.3 $1.5 $1.4 $1.1 $1.3 $0.8 $0.7 $0.7 $0.6 $0.7 $0.3 $0.3 $0.3 $0.2 $0.4 $0.2 $0.2 $0.2 $0.2 $0.2 $0.0 $0.1 $0.1 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Fees and Service Charges Wealth Management Gain on Sale of Loans Boli Other 12 Diversified Sources of Fee Income September 2025 Wealth Management (Assets U

  13. Slide 13: Ongoing Expense Management

    13 Ongoing Expense Management  Non-interest expenses were largely flat during the 2nd quarter as compared to the 1st quarter in 2025  The Bank expects continued improvements in third-party (professional and outside services) expense levels related to operational enhancements  Remain focused on id

  14. Slide 14: Capital Levels

    Capital Levels 14 September 2025 Tangible Common Equity to Total Assets Capital Adequacy Tangible Book Value per Diluted Share Bank-Level Tier 1 Leverage Ratio  As of June 30, 2025, the Bank’s tier 1 capital to adjusted average assets ratio totaled 8.69%, which continues to be considered well capit

  15. Slide 15: Thank You

    THANK YOU BANCORP

  16. Slide 16: Appendix

    APPENDIX BANCORP

  17. Slide 17: Non-GAAP Reconciliation

    17 September 2025 Non-GAAP Reconciliation

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