Finward Bancorp

Finward Bancorp

FNWDยทNASDAQ

$32.20

+0.31%
Financial ServicesBanks - Regional

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 products 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 loans; consumer loans to individuals for personal, household, or family purposes; home equity line of credit; home improvement loans and equity loans; commercial business loans; government loans; and loans to municipalities. The company also offers estate and retirement planning services, guardianships, land trusts, profit sharing and 401(k) retirement plans, IRA and Keogh accounts, and investment agency accounts, as well as serves as the personal representative of estates, and acts as trustee for revocable and irrevocable trusts. In addition, it provides insurance and annuity investments to wealth management customers; holds real estate properties; and operates as a real estate investment trust. As of March 2, 2022, the company operated through 30 locations in Lake and Porter counties in Northwest Indiana and South Chicagoland. The company was formerly known as NorthWest Indiana Bancorp and changed its name to Finward Bancorp in May 2021. Finward Bancorp was incorporated in 1994 and is headquartered in Munster, Indiana.

At a Glance

Live Snapshot
Market Cap$139.43M
EPS1.8900
P/E Ratio17.04
Earnings Date07/28/2026
Finward Bancorp

Finward Bancorp Fair Value Envelope

FNWD ยท NASDAQ

Our analysis suggests that FNWD has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $32.2, this represents a potential HIDDEN relative to our calculated worth for Finward Bancorp.

Intrinsic Value
Current Price: $32.2

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$404.8M
+ Cash & Equivalents$18.3M
Firm Value$423.1M
- Debt$84.7M
Equity Value$338.4M
/ Shares Outstanding4,324,889B
DCF Value$78
UNDERVALUED BY 143%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$11.2M
$12.8M
$14.5M
$16.5M
$18.8M
$21.3M
$24.2M
$27.5M
$31.3M
$35.5M
Maintenance CapEx
-$193.8K
-$220.2K
-$250.3K
-$284.3K
-$323.1K
-$367.1K
-$417.1K
-$473.9K
-$538.5K
-$611.9K
Owner Earnings
$11.1M
$12.6M
$14.3M
$16.2M
$18.4M
$20.9M
$23.8M
$27.0M
$30.7M
$34.9M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$10.2M
$10.8M
$11.3M
$11.9M
$12.5M
$13.2M
$13.9M
$14.6M
$15.4M
$16.2M
Terminal Value represents 67.9% of Enterprise Value