MUNSTER, Indiana, May 20, 2022 (GLOBE NEWSWIRE) — Finward Bancorp (“Finward”), the parent company of Peoples Bank, today announced that Finward’s Board of Directors has declared a dividend of $0.31 per share payable on July 7, 2022, with a record date of June 24, 2022.
About Forward Bancorp
Finward Bancorp is an independent, locally managed financial holding company headquartered in Munster, Indiana, whose activities are primarily limited to holding the shares of Peoples Bank. Peoples Bank offers a wide range of personal, business, electronic and wealth management financial services from its 31 locations in Lake and Porter counties in northwest Indiana and the Chicagoland area. Common stock of Finward Bancorp is listed on the NASDAQ Capital Market under the symbol FNWD. The ibankpeoples.com website provides information about Peoples Bank products and services and Finward Bancorp investor relations.
This press release may contain forward-looking statements regarding Finward’s financial performance, business prospects, growth and operating strategies. For these statements, Finward claims the safe harbor protections for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The statements in this communication should be considered in conjunction with other information available about Finward, including information contained in Finward’s filings with the SEC. Forward-looking statements provide current expectations or forecasts of future events and are not guarantees of future performance. Forward-looking statements are based on management’s expectations and are subject to a number of risks and uncertainties. Forward-looking statements are generally identified by words such as “anticipate”, “estimate”, “project”, “intend”, “plan”, “believe”, “will” and similar expressions in the part of any discussion of future operations. or financial performance.
Although management believes that the expectations reflected in these forward-looking statements are reasonable, actual results may differ materially from those expressed or implied by these statements. The risks and uncertainties that could cause actual results to differ materially include: difficulties and delays in integrating the businesses of Finward and Royal Financial or fully realizing cost savings and other benefits; business disruption following the merger; changes in asset quality and credit risk; failure to sustain revenue and earnings growth; changes in interest rates and capital markets; inflation; customer acceptance of Finward’s products and services; customers’ borrowing, repayment, investment and deposit practices; customer disintermediation; the introduction, exit, success and timing of business initiatives; competitive conditions; failure to realize cost or revenue savings or implement integration plans and other consequences associated with mergers, acquisitions and divestitures; economic conditions; and the impact, extent, and timing of changes in technology, capital management activities, and other Federal Reserve Board actions and legislative and regulatory actions and reforms. Other 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 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 on the SEC’s website (www.sec.gov). All subsequent written and oral forward-looking statements about Finward or anyone acting on its behalf are expressly qualified in their entirety by the above cautionary statements. Except as required by law, Finward undertakes no 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 stock repurchases will be subject to various factors, including our capital position, financial performance, impacts on the capital 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 decision. Accordingly, there can be no assurance that we will repurchase shares or pay dividends to holders of our common stock, or as to the amount of such repurchases or dividends.
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