FINWARD BANCORP ANNOUNCES THIRD QUARTER DIVIDEND
August 22 2023 - 4:30PM
Finward Bancorp ("Finward"), the parent company for Peoples
Bank, today announced that on August 21, 2023, the Board of
Directors of Finward declared a dividend of $0.31 per
share payable on October 5, 2023, with a record date of September
22, 2023.
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 26 locations in
Lake and Porter Counties in Northwest Indiana and the Chicagoland
area. Finward Bancorp’s common stock is quoted on the NASDAQ
Capital Market 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 Finward. For these statements,
Finward 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 Finward, including the information in the filings
Finward 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: difficulties and delays in
integrating Finward’s and Royal Financial’s businesses or fully
realizing cost savings and other benefits; business disruption
following the merger; changes in asset quality and credit risk; the
inability to sustain revenue and earnings growth; changes in
interest rates and capital markets; inflation; customer acceptance
of Finward’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, 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 Finward’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
Finward or any person acting on its behalf are expressly qualified
in their entirety by the cautionary statements above. Except
as required by law, Finward 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 INVESTOR RELATIONS
(219) 853-7575
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