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Finward Bancorp

Finward Bancorp operates as the holding company for Peoples Bank that provides various banking products and services. The company's deposit products include non-interest- and interest-bearing demand accounts, savings accounts, money market deposit accounts, certificate accounts, and retirement savings plans. Its loan portfolio comprises residential mortgage loans that enable borrowers to purchase existing homes, refinance existing homes, or construct new homes; construction loans primarily to individuals and contractors; commercial real estate and multifamily loans; consumer loans to individuals for personal, household, or family purposes; home equity line of credit; home improvement and equity loans; commercial business loans; government loans; and loans to municipalities. The company also offers estate and retirement planning, guardianships, land trusts, profit sharing and 401(k) retirement plans, IRA and Keogh accounts, and investment agency accounts, as well as acts as personal representative of estates, and trustee for revocable and irrevocable trusts. In addition, it provides insurance and annuity investments to wealth management customers; holds security investments and real estate properties; and operates as a real estate investment trust. The company was formerly known as NorthWest Indiana Bancorp and changed its name to Finward Bancorp in March 1994. Finward Bancorp was founded in 1916 and is headquartered in Munster, Indiana.

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Halper Sadeh LLC Investigates Finward Bancorp and Personalis Sales for Shareholder Fairness

Halper Sadeh LLC, an investor rights law firm, is investigating Finward Bancorp and Personalis, Inc. over their proposed sales, questioning whether shareholders are receiving fair deals. The firm is examining Finward Bancorp's sale to First Financial Bancorp, where each Finward share would be exchanged for 1.35 shares of First Financial common stock, and Personalis, Inc.'s sale to Tempus AI, Inc. for $16.25 per share. Halper Sadeh LLC suggests that insiders may obtain substantial financial benefits not available to ordinary shareholders and that the proposed transactions may contain terms limiting superior competing offers. The firm may seek increased consideration, additional disclosures, or other relief on behalf of shareholders, and encourages affected investors to contact them to discuss their rights at no cost or obligation.
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Brodsky & Smith investigates boards of Luxfer, Finward, Personalis, and Distribution Solutions over merger fairness

Brodsky & Smith is investigating the boards of Luxfer Holdings, Finward Bancorp, Personalis, and Distribution Solutions Group for potential fiduciary duty breaches in their respective merger agreements. Luxfer Holdings is being acquired by Wynnchurch Capital for $17.37 per share in cash. Finward Bancorp is being acquired by First Financial Bancorp in an all-stock deal valued at approximately $208 million, with each Finward share converting into 1.35 First Financial shares. Personalis is being acquired by Tempus AI for $16.25 per share, representing a total enterprise value of $1.5 billion net of Tempus’ existing ownership. Distribution Solutions Group is being acquired by LKCM Headwater Investments for $35.00 per share in cash, with LKCM Headwater and its affiliates already owning approximately 79% of the company’s outstanding common stock and the company’s Chairman and CEO serving as Managing Partner of LKCM Headwater. The investigations focus on whether the boards failed to conduct a fair process and secure fair value for shareholders.
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GlobeNewswire·30dRead more ▾
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First Financial Bancorp Reports Record Adjusted Net Income of $83.9 Million in Q2 2026

First Financial Bancorp reported a record adjusted net income of $83.9 million, or $0.80 per share, for the second quarter of 2026, an 8% increase over the same period last year. The company maintained a stable net interest margin of approximately 4% and posted strong annualized loan growth of 7%, driven by C&I, Agile, and Summit lending, with originations up 23% from the prior quarter. Asset quality improved as net charge-offs fell 15 basis points to 0.2% of total loans. The pending acquisition of Finward Bancorp is expected to be 5% accretive to earnings per share with minimal impact on tangible book value. However, adjusted fee income came in below expectations due to lower foreign exchange, swap, and investment banking fees, and no share repurchases were made during the quarter as the company focused on integrating recent acquisitions.
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First Financial Bancorp reports record adjusted earnings, raises dividend, and agrees to acquire Finward Bancorp

First Financial Bancorp announced second-quarter 2026 net income of $76.5 million, or $0.73 per diluted share, while adjusted earnings per share of $0.80 marked a company record. The board approved a quarterly dividend increase to $0.26 per share, payable September 15, 2026. Separately, First Financial agreed to acquire Finward Bancorp, the holding company for Peoples Bank, in an all-stock transaction valued at approximately $208 million, which is expected to be about 5% accretive to earnings per share. The acquisition adds roughly $2.0 billion in assets, $1.7 billion in deposits, and 24 locations in northwest Indiana and Chicago, expanding First Financial's pro forma Chicago-area deposits by 75% to over $4 billion. Second-quarter highlights included a net interest margin of 3.98% on a fully tax-equivalent basis, loan growth of $240 million, and a return on average tangible common equity of 17.95%.
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