Finward Bancorp FNWD R2K

Financial Services · Banks - Regional · United States

https://www.ibankpeoples.com

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.

Market & Price

Market Cap

$142.80M

Current Price

$32.98

High / Low (52W)

$39.68 / $26.36

Beta

0.22

Valuation

Stock P/E

14.40

Industry PE

12.01

Forward P/E

10.59

PEG Ratio

1.72

Book Value

$39.81

Price to Book

0.83

P/S

2.08

EV/EBITDA

Dividend Yield

1.47%

Profitability & Returns

ROCE

ROE

6.09%

ROA

0.49%

Profit Margin

14.39%

Op Margin

17.47%

EPS (Latest Qtr)

$0.52

EPS (TTM)

$2.29

Balance Sheet & Liquidity

Debt/Equity

Quick Ratio

Current Ratio

Debt

$108.66M

Total Assets

$2.02B

Current Assets

Working Capital

Ownership

Promoter Holding

21.74%

Chg in Prom Hold

FII / Inst Holding

49.10%

Chg in FII Hold

Financial Snapshot

Enterprise Value

$129.24M

Total Revenue (TTM)

$68.59M

EBITDA

Free Cash Flow

Operating Cash Flow

$17.34M

Shares Outstanding

4.33M

Gross Margin

0.00%

Payout Ratio

20.96%

Growth (CAGR)

Revenue 5Y

-5.66%

Profit 5Y

-18.76%

Revenue (YoY)

15.50%

Earnings (YoY)

387.70%

PROS

No notable strengths flagged.

CONS

Revenue declined at -5.7% CAGR over 5 years.
Earnings shrank at -18.8% CAGR over 5 years.
In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Financial Services).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	FNWD Finward Bancorp R2K	32.98	14.40	$142.80M	1.47%	-	6.09%	-5.66%	-18.76%
2	JPM JPMorgan Chase & Co. SPX	299.31	14.33	$802.00B	2.00%	-	16.47%	12.50%	14.83%
3	V Visa Inc. SPX	326.36	28.48	$620.65B	0.82%	38.38%	60.35%	10.92%	10.28%
4	MA Mastercard Incorporated SPX	493.98	28.57	$436.47B	0.70%	61.47%	-	13.82%	14.66%
5	MS Morgan Stanley SPX	208.00	18.84	$328.08B	1.92%	-	16.39%	9.52%	15.20%
6	GS The Goldman Sachs Group, Inc. SPX	1,025.56	18.73	$302.55B	1.76%	-	14.55%	7.16%	15.11%
7	WFC Wells Fargo & Company SPX	77.54	11.98	$237.29B	2.32%	-	12.03%	4.02%	15.98%
8	BLK BlackRock, Inc. SPX	1,046.88	26.32	$162.51B	2.19%	4.89%	11.90%	10.65%	2.36%
9	SCHW The Charles Schwab Corporation SPX	87.35	17.37	$151.91B	1.47%	-	19.08%	4.83%	7.21%

Quarterly Results

Figures in USD.

Metric	Sep 2013	Mar 2014	Jun 2014	Sep 2014	Mar 2015	Jun 2015	Sep 2015	Mar 2016	Jun 2016	Sep 2016	Mar 2017	Jun 2017	Sep 2017	Mar 2018	Jun 2018	Sep 2018	Mar 2019	Jun 2019	Sep 2019	Mar 2020	Jun 2020	Sep 2020	Mar 2021	Jun 2021	Sep 2021	Mar 2022	Jun 2022	Sep 2022	Mar 2023	Jun 2023	Sep 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15.54M	16.63M	17.36M	16.52M	17.49M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9.03M	8.72M	8.90M	8.37M	7.65M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	616.00K	2.12M	3.56M	1.82M	2.67M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	161.00K	-35.00K	63.00K	-166.00K	423.00K
Net Income	2.38M	1.80M	1.95M	1.91M	1.93M	1.98M	1.92M	2.24M	2.24M	2.33M	2.30M	2.53M	2.25M	2.56M	2.51M	1.62M	2.22M	4.02M	3.58M	3.11M	4.85M	4.69M	4.54M	3.57M	3.54M	2.13M	4.43M	4.56M	2.24M	2.44M	2.19M	9.28M	143.00K	606.00K	-	455.00K	2.15M	3.50M	1.98M	2.24M
Diluted EPS	0.84	0.63	0.69	0.67	0.68	0.69	0.67	0.79	0.78	0.81	0.80	0.89	0.78	0.89	0.88	0.54	0.66	1.17	1.04	0.92	1.40	1.35	1.31	1.03	1.02	0.53	1.04	1.07	0.51	0.57	0.51	2.17	0.03	0.14	-	0.11	0.50	0.81	0.46	0.52

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	78.66M	65.30M	71.09M	66.04M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	4.89M	31.23M	40.73M	35.02M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	16.56M	8.04M	13.46M	8.11M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	1.48M	-335.00K	1.32M	23.00K
Net Income	5.18M	5.38M	6.85M	7.12M	7.39M	7.85M	9.14M	8.96M	9.34M	12.10M	15.93M	-	15.08M	8.38M	12.13M	8.09M
Diluted EPS	1.83	1.90	2.41	2.50	2.60	2.75	3.20	3.13	3.17	3.53	4.60	-	3.60	1.96	2.84	1.88

Compounded Sales Growth

5 Years:	-5.66%
1 Year:	15.50%

Compounded Profit Growth

5 Years:	-18.76%
1 Year:	387.70%

Stock Price Performance

1 Year:	+14.13%
6 Months:	-10.78%
3 Months:	-11.44%
1 Month:	+3.32%

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2009	Mar 2010	Dec 2010	Mar 2011	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Jan 2020	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	-	631.05M	-	651.76M	691.85M	693.45M	775.04M	864.89M	913.63M	927.26M	1.10B	1.33B	-	1.50B	-	2.07B	2.11B	2.06B	2.02B
Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash & Equivalents	13.22M	-	10.94M	-	26.37M	33.75M	19.79M	21.96M	11.53M	44.22M	11.03M	17.14M	47.26M	-	-	-	33.63M	85.59M	69.93M	119.65M
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7.42M	8.04M	7.72M	7.78M
Total Liabilities	-	-	574.96M	-	588.80M	624.19M	626.69M	698.88M	783.98M	829.52M	835.20M	994.69M	1.19B	-	1.34B	-	1.93B	1.96B	1.91B	1.85B
Current Liabilities	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	120.00M	80.00M	65.00M	45.00M
Total Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	120.00M	80.00M	65.00M	45.00M
Total Equity	53.08M	54.32M	56.09M	57.29M	62.96M	67.65M	66.76M	76.17M	80.91M	84.11M	92.06M	101.46M	133.54M	133.54M	151.69M	-	136.39M	147.34M	151.41M	174.66M
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4.30M	4.30M	4.31M	4.33M

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	14.48M	14.82M	8.53M	-	-	-	10.39M	12.30M	10.54M	10.96M	19.74M	-	17.73M	24.21M	9.80M	9.90M
Investing Cash Flow	19.94M	-7.82M	-36.30M	-	-	-	-21.28M	-47.84M	-31.17M	-28.17M	-185.06M	-	-1.13M	15.02M	42.79M	94.88M
Financing Cash Flow	-36.71M	8.43M	35.16M	-	-	-	43.58M	2.34M	26.74M	47.34M	137.99M	-	-18.49M	15.49M	-68.02M	-55.72M
Capital Expenditure	-1.70M	-417.00K	-797.00K	-893.00K	-859.00K	-1.31M	-1.71M	-1.66M	-1.01M	-3.04M	-3.73M	-	-3.03M	-1.15M	-3.07M	-853.00K
Free Cash Flow	12.78M	14.40M	7.73M	-	-	-	8.68M	10.64M	9.53M	7.92M	16.00M	-	14.70M	23.06M	6.73M	9.05M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-	-	-	-1.89M	54.73M	-15.42M	49.06M
Share Buybacks	-	-	-	-	31.00K	0	-	-	-	-	-	-	-	-	-	-

Ratios (Annual)

Figures in %.

Metric	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Margin %	-	-	-	-	-	-	-	-	-	-	-	-	19.2%	12.8%	17.1%	12.2%
ROE %	9.2%	8.6%	10.1%	10.7%	9.7%	9.7%	10.9%	9.7%	9.2%	9.1%	10.5%	-	11.1%	5.7%	8.0%	4.6%
ROCE %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Shareholding Pattern

Insiders

21.74%

Institutions

49.10%

Public Float

62.73%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Alliancebernstein L.P.	11.89%	413.74K	$13.64M
2	PL Capital Advisors, LLC	11.37%	395.72K	$13.05M
3	Vanguard Capital Management LLC	4.67%	162.30K	$5.35M
4	Blackrock Inc.	4.61%	160.24K	$5.28M
5	Finward Bancorp	3.78%	131.56K	$4.34M
6	Endeavour Capital Advisors Inc	2.86%	99.54K	$3.28M
7	Geode Capital Management, LLC	2.32%	80.65K	$2.66M
8	Wellington Management Group, LLP	1.59%	55.21K	$1.82M
9	Goldman Sachs Group Inc	1.56%	54.42K	$1.79M
10	State Street Corporation	1.43%	49.77K	$1.64M

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FNWD · Financial Services

Finward Bancorp

About

Key Facts

Sector	Financial Services
Industry	Banks - Regional
Headquarters	United States
Employees	296
Website	https://www.ibankpeoples.com

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Finward Bancorp FNWD R2K

Market & Price

Valuation

Profitability & Returns

Balance Sheet & Liquidity

Ownership

Financial Snapshot

Growth (CAGR)

PROS

CONS

Price Chart

Technical Trend

Fundamental Growth

Peer comparison

Quarterly Results

Profit & Loss (Annual)

Compounded Sales Growth

Compounded Profit Growth

Stock Price Performance

Balance Sheet (Annual)

Cash Flows (Annual)

Ratios (Annual)

Shareholding Pattern

Top Institutional Holders

Analyst View

Latest News

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