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
3Y+21.0%
5Y+45.0%
10Y+153.0%
3Y-46.0%
5Y-49.0%
10Y-12.0%
3Y-44.0%
5Y-50.0%
10Y-5.0%
Finward Bancorp

Finward Bancorp Profit Bridge

FNWD ยท NASDAQ
Revenue101.06M
Cost of Goods Sold (34.81M)
Gross Profit66.25M
Operating Expenses (58.14M)
Operating Income8.11M
Interest Expense (35.02M)
Other Income/Expense0.00
Pretax Income8.11M
Income Tax (23.00K)
Net Income8.09M
Net Income
8.09M

Profitability Analysis

Gross Margin

65.6%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

8.0%

Acceptable margins but limited operational leverage. Operating expense control is important.

Net Profit Margin

8.0%

Moderate profitability with room for improvement. Monitor interest expenses and tax efficiency.

Effective Tax Rate

0.3%

Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.

Profitability Insight

Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.

Finward Bancorp Income Statement

FNWD โ€ข NASDAQ

Finward Bancorp Income StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
REVENUE
101.1M
111.8M
96.5M
83.5M
66.6M
69.8M
62.9M
48.5M
41.1M
40M
36.2M
33.3M
31.5M
33.6M
33.2M
36M
37.8M
39.7M
40.2M
39.2M
GROSS PROFIT
(34.8M)
(40.2M)
(33.3M)
(4.9M)
(3.6M)
(9.4M)
(11.7M)
(6.4M)
(3.8M)
(3.6M)
(3M)
(2.7M)
(2.2M)
(4.7M)
(6.7M)
(10.6M)
(17.4M)
(15.3M)
(18.4M)
(15.8M)
66.2M
71.6M
63.3M
78.7M
63M
60.3M
51.2M
42.2M
37.3M
36.4M
33.3M
30.6M
29.3M
28.9M
26.5M
25.4M
20.4M
24.4M
21.8M
23.4M
OPERATING INCOME
(58.1M)
(58.1M)
(55.2M)
(62.1M)
(46.6M)
(41.6M)
(37.4M)
(31.4M)
(25.5M)
(24.7M)
(23.6M)
(21M)
(19.8M)
(20.1M)
(19.9M)
(19.5M)
(18.7M)
(17M)
(14.5M)
(14.3M)
(37.7M)
(30.3M)
(30.5M)
(32.1M)
(26.2M)
(24.4M)
(20.8M)
(17.5M)
(15.2M)
(15M)
(14.2M)
(12.4M)
(11.6M)
(11.7M)
(11.3M)
(12M)
(11.9M)
(10.4M)
(7.8M)
(7.7M)
8.1M
13.5M
8M
16.6M
16.4M
18.7M
13.9M
10.8M
11.8M
11.7M
9.7M
9.5M
9.5M
8.8M
6.6M
6M
1.7M
7.4M
7.2M
9.1M
PRE-TAX INCOME
(35M)
(40.7M)
(31.2M)
(4.9M)
(2.1M)
(5.7M)
(9.1M)
(5.1M)
(2.6M)
(2.3M)
(2M)
(1.8M)
(1.7M)
(2.3M)
(3.2M)
(5M)
(8.8M)
(12.9M)
(17.9M)
(15.7M)
56.7M
48.4M
54.6M
67.1M
48.6M
45.9M
43.2M
34.4M
30.8M
30.1M
27.4M
25.4M
24.4M
23.7M
23.8M
25.1M
23.3M
22.2M
17.9M
19.2M
(20.4M)
(27.8M)
(24.7M)
(30M)
(20.4M)
(17.3M)
(16.5M)
(13.9M)
(10.3M)
(9.8M)
(9.4M)
(8.6M)
(8.2M)
(8.4M)
(8.6M)
(7.5M)
(6.8M)
(6.6M)
(6.8M)
(6.6M)
8.1M
13.5M
8M
16.6M
16.4M
18.7M
13.9M
10.8M
11.8M
11.7M
9.7M
9.5M
9.5M
8.8M
6.6M
6M
1.7M
7.4M
7.2M
9.1M
NET INCOME
(23K)
(1.3M)
-335K
(1.5M)
(1.4M)
(2.8M)
(1.8M)
(1.4M)
(2.9M)
(2.5M)
(1.8M)
(2.2M)
(2.4M)
(1.9M)
(1.2M)
(797K)
-813K
(1.4M)
(1.7M)
(2.7M)
8.1M
12.1M
8.4M
15.1M
15M
15.9M
12.1M
9.3M
9M
9.1M
7.9M
7.4M
7.1M
6.9M
5.4M
5.2M
2.5M
5.9M
5.6M
6.5M

SEC Filings

FNWD - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K/A

8-K/A 2026 (Amended)

N/A

May 28, 2026
May 21, 2026
2026
8-K

8-K 2026

N/A

May 26, 2026
May 26, 2026
2026
10-Q

10-Q 2026 Q1

Q1

May 13, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

April 28, 2026
April 28, 2026
2026
DEF 14A

DEF 14A 2026

N/A

April 03, 2026
May 21, 2026
2026
10-K

10-K 2025 FY

FY

March 25, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

March 02, 2026
March 02, 2026
2026
8-K

8-K 2026

N/A

February 24, 2026
February 18, 2026
2026
8-K

8-K 2026

N/A

January 27, 2026
January 27, 2026
2026
8-K

8-K 2025

N/A

December 03, 2025
December 03, 2025
2025
Showing 1 to 10 of 464 filings