FNWD - NASDAQ

Finward Bancorp

FNWD·NASDAQ

$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.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$139.43M

EPS1.8900

P/E Ratio17.04

Earnings Date07/28/2026

2.02B

Assets

-2%

3Y-2.0%

5Y+35.0%

10Y+121.0%

1.85B

Total Liabilities

-3%

3Y-5.0%

5Y+37.0%

10Y+123.0%

174.66M

Total Equity

15%

3Y+28.0%

5Y+15.0%

10Y+108.0%

Finward Bancorp Funding & Solvency Profile

FNWD · NASDAQ

Current Assets

Cash & Cash Equivalents18.27M

Net Receivables1.46B

Inventory0.00

Other Current Assets0.00

Total Current Assets2 B

Non-Current Assets

Property, Plant & Equipment44.98M

Goodwill & Intangible Assets23.57M

Long-Term Investments0.00

Other Non-Current Assets0.00

Total Non-Current Assets45 M

Total Assets

2.02B

Financial Health Analysis

Current Ratio

1.77x

Strong liquidity. The company has adequate resources to meet short-term liabilities.

Debt-to-Equity Ratio

10.57x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

780 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

89% Current

Asset-light business model with high liquidity. Majority of assets are easily convertible to cash.

Finward Bancorp Balance Sheet

FNWD • NASDAQ

Finward Bancorp Balance Sheet	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009	Dec 2008	Dec 2007	Dec 2006
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	18.3M	69.9M	85.6M	33.6M	34.4M	21.8M	33.9M	18.4M	12.3M	44.9M	10.7M	13.9M	19.7M	33.3M	20.6M	10.9M	9.2M	11.3M	12.1M	15.8M
Short-Term Investments	316.2M	334.2M	371.8M	370.9M	526.9M	410.7M	277.2M	241.8M	244.5M	233.6M	233.4M	220.1M	194.3M	187.5M	187M	0.0	0.0	0.0	0.0	0.0
Cash & Short-Term Investments	334.5M	404.1M	457.4M	404.5M	560.1M	430.6M	311.1M	260.2M	257.2M	278.5M	244.9M	234M	215.4M	221.2M	207.5M	10.9M	9.2M	11.3M	12.1M	15.8M
Net Receivables	1.5B	7.7M	8M	7.4M	5.4M	4.7M	4M	3.6M	3.3M	3.1M	3M	2.7M	2.5M	2.5M	2.6M	2.6M	2.9M	3.2M	3.3M	3.3M
Accounts Receivables	1.5B	7.7M	8M	7.4M	5.4M	4.7M	4M	3.6M	3.3M	3.1M	3M	2.7M	2.5M	2.5M	2.6M	2.6M	2.9M	3.2M	3.3M	3.3M
Prepaids	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	991K	1.5M	2.4M	3.3M	0.0	0.0	0.0
Total Current Assets	1.8B	411.9M	465.4M	411.9M	565.5M	437.2M	315.1M	263.8M	260.5M	281.6M	247.9M	236.7M	217.9M	223.7M	211.6M	16M	15.3M	14.5M	15.4M	19.1M
NON-CURRENT ASSETS
Property, Plant, and Equipment (Net)	45M	47.3M	38.4M	40.2M	31.4M	30.8M	29.4M	24.8M	19.6M	19.3M	18.9M	17.7M	17.3M	17.7M	18.2M	19.3M	19.6M	19.1M	16.3M	14.6M
Goodwill	22.4M	22.4M	22.4M	22.4M	11.1M	11.1M	11.1M	8.2M	2.8M	2.8M	2.6M	1.6M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Intangible Assets	1.2M	1.9M	3.3M	4.8M	3.1M	4.1M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Goodwill & Intangible Assets	23.6M	24.3M	25.7M	27.2M	14.2M	15.2M	11.1M	8.2M	2.8M	2.8M	2.6M	1.6M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Long-Term Investments	0.0	1.5B	1.5B	1.5B	958.4M	964M	904M	759.3M	614.3M	578.1M	567.4M	484.7M	430.8M	428.9M	393.4M	570M	597.5M	610.4M	579.1M	566.5M
Other Non-Current Assets	0.0	84.7M	85M	88.7M	50M	49.1M	69.1M	40.1M	30.5M	31.8M	29M	34.3M	27.6M	21M	28.5M	25.8M	29.4M	20.8M	17.9M	18.8M
Total Non-Current Assets	68.5M	1.6B	1.6B	1.7B	1.1B	1.1B	1B	832.4M	667.2M	632M	617.9M	538.3M	475.7M	467.6M	440.2M	615.1M	646.5M	650.3M	613.3M	599.9M
Other Assets	160M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Assets	2B	2.1B	2.1B	2.1B	1.6B	1.5B	1.3B	1.1B	927.3M	913.6M	864.9M	775M	693.5M	691.8M	651.8M	631.1M	661.8M	664.7M	628.7M	619M
LIABILITIES
CURRENT LIABILITIES
Accrued Expenses	0.0	0.0	0.0	23.4M	15.3M	22.4M	14.8M	10.3M	10M	9.9M	11.1M	11M	8.9M	8.3M	9.9M	6.1M	5.2M	9M	0.0	0.0
Short Term Debt	39.2M	40.1M	38.1M	15.5M	14.6M	13.7M	11.5M	11.6M	11.3M	14M	18.5M	17.5M	14M	16.3M	15.4M	16.1M	15.9M	25.8M	0.0	0.0
Other Current Liabilities	973.3M	1.8B	1.8B	1.8B	1.4B	1.3B	1.2B	929.8M	793M	779.8M	714.9M	633.9M	572.9M	566.4M	526.9M	520.3M	540.5M	528.1M	493.4M	512.9M
Total Current Liabilities	1B	1.8B	1.9B	1.8B	1.5B	1.3B	1.2B	951.7M	814.3M	803.7M	744.5M	662.5M	595.8M	591M	552.2M	542.4M	561.6M	562.9M	493.4M	512.9M
NON-CURRENT LIABILITIES
Long Term Debt	45.6M	65M	80M	120M	0.0	6.1M	14M	43M	20.9M	25.8M	39.5M	36.4M	30.9M	33.2M	36.6M	32.5M	47.1M	49M	76.9M	51.5M
Other Non-Current Liabilities	788.5M	43.6M	29.4M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	5.7M	4.5M
Total Non-Current Liabilities	834M	108.6M	109.4M	120M	0.0	6.1M	14M	43M	20.9M	25.8M	39.5M	36.4M	30.9M	33.2M	36.6M	32.5M	47.1M	49M	82.6M	56M
Total Liabilities	1.8B	1.9B	2B	1.9B	1.5B	1.3B	1.2B	994.7M	835.2M	829.5M	784M	698.9M	626.7M	624.2M	588.8M	575M	608.7M	612M	576M	569M
SHAREHOLDERS' EQUITY
Treasury Stock	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-1.2M	-1.1M	-1.1M	-1.3M	-1.5M	-1.7M	-1.6M	-1.5M
Common Stock	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	361K	361K	361K	361K	361K	361K	361K	0.0	0.0	0.0	0.0	0.0
Additional Paid-In Capital	70.3M	70M	69.6M	69M	30.4M	30M	29.7M	11.9M	4.9M	4.3M	4.2M	4.1M	4M	5.2M	5.2M	5.5M	5.5M	5.4M	5.3M	5M
Retained Earnings	146M	139.5M	129.4M	131.7M	121.9M	111.3M	100.2M	92.3M	86.5M	81M	75M	70.2M	65.5M	60.8M	56M	52.4M	49.3M	50.4M	48.5M	47M
Accumulated Other Comprehensive Income/Loss	-41.7M	-58.1M	-51.6M	-64.3M	4.3M	10.4M	4.3M	-2.8M	684K	-1.5M	1.4M	1.6M	-3.2M	2.3M	2.5M	-492K	-170K	-1.3M	563K	-389K
Other Total Stockholders' Equity	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-361K	0.0	0.0	0.0	1.2M	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Stockholders' Equity	174.7M	151.4M	147.3M	136.4M	156.6M	151.7M	134.1M	101.5M	92.1M	84.1M	80.9M	76.2M	66.8M	67.7M	63M	56.1M	53.1M	52.8M	52.7M	50M
Total Equity	174.7M	151.4M	147.3M	136.4M	156.6M	151.7M	134.1M	101.5M	92.1M	84.1M	80.9M	76.2M	66.8M	67.7M	63M	56.1M	53.1M	52.8M	52.7M	50M
SUMMARY
Total Liabilities & Equity	2B	2.1B	2.1B	2.1B	1.6B	1.5B	1.3B	1.1B	927.3M	913.6M	864.9M	775M	693.5M	691.8M	651.8M	631.1M	661.8M	664.7M	628.7M	619M
Total Investments	316.2M	1.8B	1.9B	1.9B	1.5B	1.4B	1.2B	1B	858.8M	811.8M	800.7M	704.8M	626.4M	616.4M	580.4M	570M	597.5M	610.4M	579.1M	566.5M
Total Debt	84.7M	105.1M	118.1M	135.5M	14.6M	19.9M	25.5M	54.6M	32.2M	39.8M	58M	53.9M	44.9M	49.5M	52M	48.6M	63M	74.8M	76.9M	51.5M
Net Debt	66.4M	35.2M	32.5M	101.9M	-19.8M	-2M	-8.4M	36.2M	19.8M	-5.1M	47.3M	40M	25.3M	16.2M	31.5M	37.7M	53.9M	63.5M	64.8M	35.7M
Shares Outstanding	4,324,889	4,324,889	4,324,889	4,324,889	4,324,889	4,324,889	4,324,889	4,324,889	4,324,889	4,324,889	4,324,889	4,324,889	4,324,889	4,324,889	4,324,889	4,324,889	4,324,889	4,324,889	4,324,889	4,324,889

SEC Filings

FNWD - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K/A 8-K/A 2026 (Amended) N/A	May 28, 2026	May 21, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 26, 2026	May 26, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	May 13, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 28, 2026	April 28, 2026	2026	View Filing
DEF 14A DEF 14A 2026 N/A	April 03, 2026	May 21, 2026	2026	View Filing
10-K 10-K 2025 FY FY	March 25, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	March 02, 2026	March 02, 2026	2026	View Filing
8-K 8-K 2026 N/A	February 24, 2026	February 18, 2026	2026	View Filing
8-K 8-K 2026 N/A	January 27, 2026	January 27, 2026	2026	View Filing
8-K 8-K 2025 N/A	December 03, 2025	December 03, 2025	2025	View Filing

Showing 1 to 10 of 464 filings

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