Finward Bancorp FNWD

Financials SIC 6035 - Savings Institution, Federally Chartered NAICS Finance and Insurance › Credit Intermediation and Related Activities › Depository Credit Intermediation › Savings Institutions and Other Depository Credit Intermediation derived Nasdaq

Finward Bancorp, an Indiana corporation, was incorporated on January 31, 1994, and is the holding company for Peoples Bank, an Indiana-chartered commercial bank. The Bank is a wholly owned subsidiary of the Company. The Company has no other business activity other than being a holding company for the Bank and the Company's earnings are primarily dependent upon the earnings of the Bank.

The Bank is primarily engaged in the business of attracting deposits from the general public and the origination of loans, mostly upon the security of single family residences and commercial real estate, as well as, construction loans and various types of consumer loans, commercial business loans and municipal loans, within its primary market areas of Lake and Porter Counties, in Northwest Indiana, and Cook County, Illinois. In addition, the Company's Wealth Management Group provides estate and retirement planning, guardianships, land trusts, profit sharing and 401(k) retirement plans, IRA and Keogh accounts, investment agency accounts, and serves as the personal representative of estates and acts as trustee for revocable and irrevocable trusts.

Last close 43.56 2026-10-23
Market cap $188.7M 2026-06-30 share count
52-week range 30.05 - 45.90

Valuation FY2025 figures against the last close

P/S2.1x
P/E23.2x
P/FCF20.9x
EV/EBITDA—
Dividend yield0.8%
Diluted EPS1.88

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $91.8M$89.2M$85.8M$72.0M$50.7M$51.6M$52.2M$39.5M$33.4M$32.4M
Interest expense $56.7M$48.4M$54.6M$4.9M$2.1M$5.7M$9.1M$5.1M$2.6M$2.3M
Pre-tax income $8.1M$13.5M$8.0M$16.6M$16.4M$18.7M$13.9M$10.8M$11.8M$11.7M
Income tax $23.0K$1.3M$335.0K$1.5M$1.4M$2.8M$1.8M$1.4M$2.9M$2.5M
Net income $8.1M$12.1M$8.4M$15.1M$15.0M$15.9M$12.1M$9.3M$9.0M$9.1M
EPS, basic 1.892.851.963.614.304.603.533.173.133.20
EPS, diluted 1.882.841.963.604.304.603.533.173.133.20
Shares, diluted (wtd. avg.) 4.3M4.3M4.3M4.2M3.5M3.5M3.4M2.9M2.9M2.9M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $18.3M$17.9M$17.9M$20.0M$12.7M$14.0M$21.0M$17.1M$11.0M$44.2M
Property, plant and equipment $45.0M$47.3M$38.4M$40.2M$31.4M$30.8M$29.4M$24.8M$19.6M$19.3M
Goodwill $22.4M$22.4M$22.4M$22.4M$11.1M$11.1M$11.1M$8.2M$2.8M$2.8M
Other intangibles $1.2M$1.9M$3.3M$4.8M$3.1M$4.1M$5.1M———
Total assets $2.02B$2.06B$2.11B$2.07B$1.62B$1.50B$1.33B$1.10B$927.3M$913.6M
Total liabilities $1.85B$1.91B$1.96B$1.93B$1.46B$1.34B$1.19B$994.7M$835.2M$829.5M
Retained earnings $146.0M$139.5M$129.4M$131.7M$121.9M$111.3M$100.2M$92.3M$86.5M$81.0M
Total equity $174.7M$151.4M$147.3M$130.3M$156.6M$151.7M$133.5M$101.5M$92.1M$84.1M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $9.9M$9.8M$24.2M$17.7M$17.0M$19.7M$11.0M$10.5M$12.3M$10.4M
Depreciation and amortisation $6.2M$7.3M$7.2M$6.0M$4.6M$3.2M$1.9M$2.6M$1.4M$1.4K
Stock-based compensation $447.0K$565.0K$719.0K$741.0K$574.0K$415.0K$301.0K$204.0K$192.0K$142.0K
Capital expenditure $853.0K$3.1M$1.1M$3.0M$3.1M$3.7M$3.0M$1.0M$1.7M$1.7M
Investing cash flow $94.9M$42.8M$15.0M-$1.1M-$125.9M-$185.1M-$28.2M-$31.2M-$47.8M-$21.3M
Financing cash flow -$55.7M-$68.0M$15.5M-$18.5M$122.1M$138.0M$47.3M$26.7M$2.3M$43.6M
Dividends paid $1.6M$2.1M$5.3M$5.1M$4.3M$4.3M$4.1M$3.4M$3.3M$3.1M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-021073.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 25M 50M 75M 100M Revenue, FY2016: 32.4M Net income, FY2016: 9.1M Revenue, FY2017: 33.4M Net income, FY2017: 9M Revenue, FY2018: 39.5M Net income, FY2018: 9.3M Revenue, FY2019: 52.2M Net income, FY2019: 12.1M Revenue, FY2020: 51.6M Net income, FY2020: 15.9M Revenue, FY2021: 50.7M Net income, FY2021: 15M Revenue, FY2022: 72M Net income, FY2022: 15.1M Revenue, FY2023: 85.8M Net income, FY2023: 8.4M Revenue, FY2024: 89.2M Net income, FY2024: 12.1M Revenue, FY2025: 91.8M Net income, FY2025: 8.1M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $32.4M $33.4M $39.5M $52.2M $51.6M $50.7M $72.0M $85.8M $89.2M $91.8M
Gross profit — — — — — — — — — —
Net income $9.1M $9.0M $9.3M $12.1M $15.9M $15.0M $15.1M $8.4M $12.1M $8.1M

Recent filings and events

  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event Item 8.01
  • Other event Item 8.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Shareholder vote Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Other event Item 8.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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