Finward Bancorp

Finward Bancorp

FNWD
Finward BancorpUS flagNASDAQ Capital Market
43.90
USD
+0.16
- -
190.22MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
10.48
11.05
12
13.17
13.45
14.35
15.59
18.49
18.56
18.83
15.27
16.69
15.46
12.01
Basic EPS, GAAP
2.51
2.6
2.75
3.2
3.13
3.08
3.5
4.6
4.3
3.61
1.96
2.85
1.89
1.81
Free Cash Flow per Basic Share
3.58
3.07
2.86
3.03
3.71
3.15
2.29
4.62
4
3.52
5.39
1.58
2.12
2.82
Dividend per Share
0.82
0.94
1.04
1.1
1.14
1.13
1.18
1.24
1.24
1.21
1.25
0.49
0.36
0.36
Book Value per Share
23.5
26.78
28.38
29.41
32.14
33.5
38.85
43.8
45
31.73
34.28
35.1
40.37
- -
Tangible Book Value per Share
23.5
26.21
27.48
28.43
31.16
30.8
35.63
39.41
40.91
25.41
28.31
29.48
34.92
- -
Basic Weighted Avg Shares
3
3
3
3
3
3
3
3
3
4
4
4
4
4
Sales/Revenue/Turnover
30
31
34
38
39
43
54
64
65
79
65
71
66
51
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
2
2
2
3
3
3
2
3
5
6
7
7
6
4
Net Income, GAAP
7
7
8
9
9
9
12
16
15
15
8
12
8
8
Effective Tax Rate (%)
25.19
22.55
18.63
21.8
24.25
13.28
12.69
14.83
8.63
8.93
- -
9.85
0.28
3.98
Profit Margin (%)
23.9
23.52
22.95
24.27
23.26
21.49
22.47
24.88
23.19
19.17
12.83
17.06
12.25
15.04
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
31
36
39
26
21
43
14
6
- -
120
80
65
45
- -
Total Equity
67
76
81
84
92
101
134
152
157
136
147
151
175
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
10.59
10.35
10
11.08
10.17
9.65
10.27
11.15
9.71
10.29
5.91
8.12
4.96
10.01

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
45
50
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
4
4
4
Market Capitalization
152
157
159

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
120
120
- -
Accounts Receivable, Net
8
8
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.54%
3.3%
15.35%
Free Cash Flow
11.69%
2.62%
34.42%
Net Income, GAAP
4.16%
-7.66%
-33.33%
Sales/Revenue/Turnover
7.54%
1.49%
-7.11%
Total Cash Common Dividend
-2.35%
-12.53%
-24.75%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
25
15
15
16
71
2025
16
17
17
17
66
2026
17
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.18
0.03
0.14
- -
2.85
2025
0.11
0.5
0.82
0.46
1.89
2026
0.52
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.12
0.11
0.12
- -
0.49
2025
0.12
- -
0.12
0.12
0.36
2026
0.12
- -
- -
- -
- -

Company Description

CEO
Benjamin J. Bochnowski
Full Time Employees
307
Sector
Financial Services
Industry
Banks - Regional
Address
9204 Columbia Avenue Munster IN United States of America 46321
IPO Date
May 20, 1998
Business
Finward Bancorp (Nasdaq: FNWD) operates as the holding company for Peoples Bank, an Indiana-chartered commercial bank providing a comprehensive range of personal, business, electronic and wealth management financial services across Northwest Indiana and the Chicagoland area. Deposit products include non-interest- and interest-bearing demand accounts, savings accounts, money market deposit accounts, certificate accounts and retirement savings plans; loan products encompass residential mortgage loans for purchasing, refinancing or constructing homes, construction loans to individuals and contractors, commercial real estate and multifamily loans, consumer loans for personal, household or family purposes, home equity lines of credit, home improvement and equity loans, commercial business loans, government loans and municipal loans. Wealth management services feature estate and retirement planning, custodial services, guardianships, land trusts, profit sharing and 401(k) retirement plans, IRA and Keogh accounts, investment agency accounts, personal representative services for estates and trusteeship for revocable and irrevocable trusts; additional offerings comprise insurance and annuity investments, digital banking tools, cash management and real estate investment activities. Founded in 1916 and headquartered at 9204 Columbia Avenue in Munster, Indiana, the company maintains 26 banking locations primarily in Lake and Porter Counties, Indiana, and Cook County, Illinois. In May 2021, Finward Bancorp changed its name from NorthWest Indiana Bancorp to reflect its forward-looking strategy. The company appointed three new directors to its board in September 2024 to support strategic goals amid economic uncertainty. Recent financial performance includes Q3 2025 earnings releases highlighting stable liquidity of approximately $697 million as of March 31, 2025, with 72% of deposits fully FDIC-insured and non-performing loans showing improvement; loan originations reached $36.7 million in new commercial loans during Q1 2025, while total assets stood at elevated levels into 2025 supported by a $1.5 billion loan portfolio.

Company News

  • Halper Sadeh LLC is Investigating Whether FNWD and PSNL are Obtaining Fair Deals for their Shareholders

  • Finward Bancorp Announces Second Quarter 2026 Results

  • Are FNWD, PSNL, DSGR Obtaining Fair Deals for their Shareholders?

  • Finward Bancorp (FNWD) Expected to Announce Quarterly Earnings on Tuesday

  • Finward Bancorp Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Finward Bancorp - FNWD

  • SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of Finward Bancorp (FNWD)

  • $HAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of Finward Bancorp (NASDAQ: FNWD)

  • $HAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of Finward Bancorp (NASDAQ: FNWD)

  • FNWD Stock Alert: Halper Sadeh LLC is Investigating Whether Finward Bancorp is Obtaining a Fair Price for its Shareholders

  • Shareholder Alert: Ademi LLP investigates whether Finward Bancorp is obtaining a Fair Price for Public Shareholders

  • Shareholder Alert: Ademi LLP investigates whether Finward Bancorp is obtaining a Fair Price for Public Shareholders

  • First Financial Bancorp Announces Second Quarter 2026 Financial Results, Quarterly Dividend Increase & Acquisition of Finward Bancorp

  • Finward Bancorp Acquisition

  • Finward Bancorp Announces Dividend

  • Finward Bancorp Announces First Quarter 2026 Results

  • Contrasting Finward Bancorp (NASDAQ:FNWD) and WisdomTree (NYSE:WT)

  • Finward Bancorp Announces Dividend

  • Finward Bancorp (NASDAQ:FNWD) and Synchrony Financial (NYSE:SYF) Head to Head Analysis

  • Finward Bancorp Announces Fourth Quarter 2025 Results

  • Finward Bancorp (FNWD) Projected to Post Earnings on Tuesday