Finward Bancorp FNWD

43.24 0.98 2.32% as of 25 Sep
Market cap
$183.1M
P/E
18.9×
Insider Buys alert about insiders buying in the last 12 month

Insider Decisions

Total buys 0.01
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — 3 — — 3 — — 6 — — —
Sell — — — — — — — — — — — —
Insider Ownership 12.17%

Capital & Financial Ratios

Market Cap 183.11
Revenue 101.74
Net Income 9.82
Free Cash Flow 17.37
Net Debt (29.64)
Current Ratio 0.88
Debt/Equity 0.36
P/E ratio 18.93
P/S ratio 1.82
P/B ratio 1.04
Past 5Y EPS Growth (4.28%)
This Y EPS Growth 40.43%
Next Y EPS Growth 15.15%
Next 5Y EPS Growth 1.79%
in millions of $

Dividends

Payout Ratio 0.40
Annual Dividend Rate 1.24
Annual Dividend Yield 2.03%
total individual payouts
2027 Powerpack
2026 0.48
0.12
0.12
0.12
2025 0.48
0.12
0.12
0.12
0.12
2024 0.48
0.12
0.12
0.12
0.12
2023 0.93
0.31
0.31
0.31
2022 1.24
0.31
0.31
0.31
0.31
2021 1.24
0.31
0.31
0.31
0.31
2020 1.24
0.31
0.31
0.31
0.31
2019 1.23
0.30
0.31
0.31
0.31
2018 1.19
0.29
0.30
0.30
0.30
2017 1.15
0.28
0.29
0.29
0.29
2016 1.11
0.27
0.28
0.28
0.28
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 86 71 120 95
Receivables — — — —
Inventory — — — —
Other — — — —
1,588 1,572 1,561 1,589
2023 2024 2025 Q'26
Payables 1,813 1,761 1,727 1,733
ST’ Debt — — — —
Other — — — —
1,881 1,844 1,802 1,797
in millions of $

Compound Annual Growth

10y 5y 3y
Sales 10.80% 7.69% 6.55%
Cash Flow 0.46% (12.89%) (17.65%)
Earnings 0.30% (12.68%) (18.76%)
Book Value 8.00% 2.86% 8.59%

Revenue

Mar Jun Sep Dec Year
’26 25 25 — — —
’25 25 25 26 25 101
’24 35 25 25 26 112
’23 23 25 24 25 97
’22 19 21 21 23 84
’21 17 16 17 17 67
’20 16 18 18 18 70
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 4 5 — — —
’25 (4) 5 1 8 10
’24 0 3 (4) 11 10
’23 4 13 5 2 24
’22 1 5 6 6 18
’21 16 (3) 3 0 17
’20 9 2 8 0 20
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 4 5 — — —
’25 (4) 4 2 8 10
’24 17 1 (4) 11 24
’23 4 13 5 2 24
’22 0 4 7 6 16
’21 16 (3) 2 (2) 14
’20 9 1 7 (1) 16
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 0.52 0.48 — — —
’25 0.11 0.50 0.81 0.46 1.88
’24 2.17 0.03 0.14 0.49 2.84
’23 0.51 0.57 0.51 0.35 1.96
’22 0.53 1.03 1.07 0.93 3.60
’21 1.35 1.05 1.02 0.95 4.30
’20 0.92 1.46 1.42 1.00 4.80
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
28.30 38.40 39.28 40.25 28.01 36.10 30.06 17.29 22.82 26.12

Analyst estimates 2026–2028

Powerpack
Low Price
39.87 44.50 46.59 46.00 46.20 50.00 49.70 37.80 33.50 39.99
High Price
216 217 249 290 263 280 326 304 313 318
Employees
0 0 0 0 0 0 0 0 0 0
Revenue/Emp
40 41 49 63 70 67 84 97 112 101
Revenue
94.14% 93.69% 89.51% 85.55% 91.77% 96.88% 94.15% 67.65% 63.58% 65.35%
Gross Margin
12 12 11 14 19 16 17 8 13 8
EBT
29.22% 28.78% 22.18% 22.02% 26.81% 24.59% 19.82% 8.33% 12.03% 8.02%
EBT Margin
9 9 9 12 16 15 15 8 12 8
Net Income
3 3 3 2 3 5 6 7 7 6
Depreciation
14.00 14.35 16.46 18.37 20.15 19.15 20.01 22.59 26.25 23.66
Revenue/Sh
3.20 3.13 3.17 3.53 4.80 4.30 3.61 1.96 2.85 1.89
Earnings/Sh
3.63 4.29 3.57 3.20 5.70 4.90 4.25 5.67 2.30 2.32
Cash Flow/Sh
(0.60) (0.58) (0.34) (0.82) (1.08) (0.90) (0.30) (0.08) 3.43 (0.01)
Capex/Sh
3.04 3.72 3.23 2.38 4.62 4.00 3.95 5.58 5.73 2.31
Free CF/Sh
29.42 32.15 34.40 39.15 43.82 45.04 32.66 34.48 35.55 40.89
Book Value/Sh
3 3 3 3 3 3 4 4 4 4
Shares
14.09 14.09 13.56 13.00 7.52 10.50 10.14 12.74 9.90 18.62
PE Ratio
0.00 3.07 2.61 2.50 1.79 2.40 1.81 1.11 1.07 1.49
PS Ratio
0.00 1.37 1.25 1.17 0.82 1.02 1.11 0.73 0.79 0.86
PB Ratio
0.00 3.27 3.10 1.94 1.57 1.96 2.84 1.05 1.02 0.75
EV/Sales
(0.61) 12.64 15.81 14.93 6.83 9.40 14.39 4.24 4.68 7.67
EV/FCF
10 12 11 11 20 17 18 24 10 10
Op' Cash Flow
(2) (2) (1) (3) (4) (3) (1) 0 15 0
Capex
9 11 10 8 16 14 16 24 24 10
FCF
(177) (184) (170) (223) (348) (465) (271) (293) (273) (240)
Working Cap'
26 21 43 14 6 — 120 80 65 45
Total Debt
(19) 8 24 (35) (16) (35) 86 (6) (6) (75)
Net Debt
84 92 101 134 152 157 136 147 151 175
Sh' Equity
1.03% 0.97% 0.92% 1.00% 1.13% 0.96% 0.82% 0.40% 0.58% 0.40%
ROA
11.27% 7.38% 5.37% 8.78% 8.60% 8.41% 4.99% 3.56% 5.77% 5.07%
ROIC
11.08% 10.17% 9.65% 10.27% 11.15% 9.71% 10.29% 5.91% 8.12% 4.96%
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Finward Bancorp peers in Banks Regional

All 325 Banks Regional stocks →

Finward Bancorp (FNWD) key facts

  • Finward Bancorp (FNWD) is a Banks Regional company in the Financial sector, listed on Nasdaq.
  • Finward Bancorp’s revenue for fiscal 2025 (year ended December 2025) was $101.1 million, down 9.63% from fiscal 2024.
  • Net income was $8.1 million, or $1.89 per share (basic), a net margin of 8.00%.
  • As of September 25, 2026, FNWD traded at $43.24, a market capitalization of $183.1 million.
  • At that price the stock trades at 18.9× trailing-twelve-month earnings and 1.8× sales.
  • Finward Bancorp pays an annual dividend of $1.24 per share, a yield of 2.03%, with a payout ratio of 39.9%.
  • Return on equity was 4.96% and debt-to-equity 0.36.

Source: company filings (standardised) and stockrow calculations.

Finward Bancorp (FNWD) Latest News

News by impact score

Fine-tune

28 Jul

3

Finward Bancorp reported its second quarter 2026 financial results. Quarterly earnings releases typically cause short-term stock price movement without altering long-term strategy.

21 Jul

5

First Financial Bancorp reported second quarter 2026 financial results, raised its quarterly dividend, and announced the acquisition of Finward Bancorp. Acquisition by First Financial Bancorp will lead to complete integration and change in ownership structure for Finward Bancorp.

4

Finward Bancorp executes an acquisition to expand operations and market reach. Acquisition represents a major strategic move that can significantly alter company trajectory and investor sentiment.

28 Apr

4

Finward Bancorp announced first quarter 2026 results, detailing financial performance for the period. Quarterly earnings announcements significantly affect stock price, investor sentiment, and future performance projections.

27 Jan

4

Finward Bancorp reported its financial results for the fourth quarter of 2025, highlighting a significant increase in net income and improved asset quality. The bank's total assets grew, driven by strong loan demand and effective cost management. Additionally, the company announced a dividend increase, reflecting its commitment to returning value to shareholders. Overall, the results indicate a positive trajectory for Finward Bancorp amidst a competitive banking environment. The significant increase in net income and asset growth suggests a strong performance that could positively influence investor sentiment and the company's future trajectory.

29 Dec

3

Insider buying activity at Finward Bancorp has increased, signaling potential confidence in the company's future performance. Several executives and board members have purchased shares, which may indicate their belief in the stock's undervaluation or positive outlook. This trend could influence market sentiment and investor confidence in Finward Bancorp. Insider buying can positively influence market sentiment and investor confidence, but its overall impact on the company's trajectory is expected to be limited.

3 Dec

3

Finward Bancorp has announced a quarterly dividend of $0.15 per share, payable on December 1, 2023, to shareholders of record as of November 17, 2023. This decision reflects the company's commitment to returning value to its shareholders while maintaining a strong financial position. The dividend announcement indicates a stable financial performance but does not significantly alter the company's overall trajectory.

26 Nov

3

Investing in Finward Bancorp (NASDAQ:FNWD) a year ago would have resulted in a 22% gain, reflecting positive performance in the company's stock. This growth indicates strong market confidence and effective management strategies that have contributed to the bank's financial health. Investors who took the opportunity to invest in FNWD have seen a favorable return, suggesting that the company is well-positioned in its sector. The reported gain indicates a moderately noticeable influence on investor sentiment and financial performance.

30 Oct

3

Finward Bancorp (FNWD) is facing margin compression challenges that could undermine its previously bullish growth narratives. The company is experiencing pressure on its profit margins, which may affect its financial performance and investor sentiment moving forward. Margin compression is expected to moderately influence financial performance and market positioning.

28 Oct

4

Finward Bancorp reported its financial results for the third quarter of 2025, highlighting a significant increase in net income compared to the previous year. The bank's total assets grew, driven by strong loan demand and improved deposit levels. Management expressed optimism about future growth prospects and ongoing investments in technology to enhance customer experience. The results reflect the bank's strategic focus on expanding its market presence and operational efficiency. The significant increase in net income and asset growth indicates a strong performance that could positively influence investor sentiment and future market positioning.

11 Sep

3

Finward Bancorp (NASDAQ: FNWD) has gained popularity among retail investors, who now own 46% of the company's shares, while institutional investors hold 32%. This shift indicates a growing interest from individual investors in the bank's stock. The significant retail ownership may influence market sentiment and trading dynamics but is not expected to fundamentally alter the company's trajectory.

15 Aug

4

Finward Bancorp (FNWD) is experiencing positive momentum driven by strong financial performance and strategic initiatives. The company's recent earnings report highlighted significant growth in key metrics, indicating robust demand for its services. Analysts are optimistic about FNWD's ability to sustain this momentum, supported by favorable market conditions and effective management strategies. The outlook remains positive as the company continues to innovate and expand its offerings, positioning itself well for future growth. Strong financial performance and strategic initiatives are likely to significantly impact future growth and investor sentiment.

3

Finward Bancorp has announced a quarterly dividend of $0.15 per share, payable on December 1, 2023, to shareholders of record as of November 17, 2023. This decision reflects the company's ongoing commitment to returning value to its shareholders while maintaining a strong capital position. The dividend announcement indicates a stable financial position, which may positively influence investor sentiment but is not expected to significantly alter the company's trajectory.

3

Finward Bancorp reported its second quarter 2025 earnings, with earnings per share (EPS) exceeding expectations. However, the company's revenues fell short of forecasts, indicating potential challenges in revenue generation despite strong profitability metrics. Earnings performance exceeded expectations, but revenue shortfalls may limit overall financial growth.

7 Aug

4

Finward Bancorp has announced the termination of a consent order previously issued by the Office of the Comptroller of the Currency (OCC). The order, which required the bank to address certain compliance issues, has been lifted following the bank's successful implementation of corrective measures. This development is expected to enhance the bank's operational flexibility and improve its regulatory standing. The termination of the consent order significantly improves Finward Bancorp's regulatory standing and operational flexibility, likely impacting its future performance positively.

29 Jul

4

Finward Bancorp reported its financial results for the second quarter of 2025, highlighting a significant increase in net income and improved asset quality. The bank's total assets grew, driven by strong loan demand and effective cost management strategies. Additionally, the company announced a dividend increase, reflecting its commitment to returning value to shareholders. Management expressed optimism about future growth prospects amid a stable economic environment. The significant increase in net income and asset growth indicates a strong performance that could positively influence investor sentiment and the company's trajectory.

22 Jul

3

Numerous insiders at Finward Bancorp (NASDAQ:FNWD) have recently purchased shares, signaling optimism for shareholders. Independent Director Carolyn Burke made the largest purchase of US$61k at US$26.85 per share, close to the current price of US$26.90. Over the past year, insiders bought US$302k worth of shares while selling US$33k worth, indicating a net buying trend. Insiders own about US$15m worth of shares, representing 13% of the company, suggesting reasonable alignment with shareholders. Although recent insider buying was limited, the overall trend shows confidence in the company's future. Insider buying indicates moderate confidence in the company's future performance.

30 May

3

Finward Bancorp (NASDAQ:FNWD) shareholders have experienced a 16% total shareholder return loss over the past three years, with the share price dropping 23% compared to a market return of 46%. The company's earnings per share (EPS) fell by 40% annually during this period. However, recent insider buying and a 21% total shareholder return over the past year suggest improving sentiment. The total shareholder return, including dividends, has been boosted despite the share price decline. Caution is advised as there are two warning signs for the company. The decline in EPS and share price indicates challenges, but recent positive trends and insider buying suggest potential for moderate recovery.

3 May

3

Finward Bancorp (NASDAQ:FNWD) reported quarterly revenues of US$16m, falling 4.4% short of analyst expectations, while profits exceeded forecasts with earnings per share of US$0.11, 16% above predictions. Analysts now expect revenues of US$68.2m in 2025, an 11% increase, and earnings per share to rise 39% to US$1.06. Despite slight adjustments in estimates, overall expectations remain stable. The consensus price target increased by 6.5% to US$33.00, reflecting confidence in the company's growth potential, which is projected to outpace industry averages. However, one warning sign about the company was noted. Analysts' forecasts indicate stable growth expectations, but no major changes in business prospects were observed.

30 Apr

3

Finward Bancorp reported a net income of $456 thousand, or $0.11 per diluted share, for Q1 2025, a significant decline from $2.1 million in Q4 2024 and $9.3 million in Q1 2024. Key performance metrics showed a return on equity of 1.17% and a return on assets of 0.09%. The net interest margin improved to 2.95%, driven by lower deposit costs. Total deposits decreased slightly to $1.8 billion, while non-performing loans fell to $12.5 million. The allowance for credit losses increased to $17.9 million. Operating expenses rose due to higher compensation costs. The bank's capital ratios remained strong, exceeding regulatory requirements. The decline in net income and rising operating expenses may moderately affect financial performance and investor sentiment.

15 Apr

3

Finward Bancorp (NASDAQ:FNWD) has confirmed a dividend of $0.12 per share, yielding 1.6% annually, which is below the industry average. The company has a 10-year history of dividend payments, with a current payout ratio of 17%. However, earnings per share are forecasted to decline by 66.5% over the next three years, potentially increasing the payout ratio to 28%. The dividend has been unstable, decreasing from $1.00 in 2015 to $0.48, with a 7.1% annual shrinkage. Concerns arise about the sustainability of future dividends amid declining earnings. Investors are advised to consider other factors beyond dividends before investing. The forecasted decline in earnings per share and the history of dividend instability suggest a moderately noticeable influence on the company's future performance.

5 Apr

4

Finward Bancorp reported its full year 2024 earnings, surpassing market expectations. The company's strong performance was driven by increased revenue and effective cost management strategies. Analysts noted improvements in key financial metrics, contributing to a positive outlook for the bank's future operations. The results reflect Finward's resilience in a competitive banking environment and its ability to adapt to market changes. Earnings exceeding expectations indicate significant operational strength and potential for future growth.

11 Mar

3

Finward Bancorp (NASDAQ:FNWD) has 51% of its shares owned by retail investors, indicating significant influence from the public. Institutional investors hold 28%, with hedge funds owning 8.2%. The top 25 shareholders control less than half of the company, suggesting no dominant shareholder. Insiders own $15 million worth of shares in the $121 million company, indicating alignment with shareholder interests. Retail investors can impact decisions like dividends and director appointments. The article highlights the importance of understanding ownership structures and potential risks associated with the company. The ownership structure suggests moderate influence on Finward Bancorp's future performance and market sentiment.

12 Feb

3

Multiple insiders at Finward Bancorp (NASDAQ:FNWD) have recently purchased shares, indicating confidence in the company's future. Notably, Carolyn Burke made the largest insider purchase in the past year, buying shares even when prices were higher than the current US$26.38. Over the last year, insiders bought 4.06k shares worth US$113k while selling only 738.70 shares for US$21k, suggesting a net positive sentiment. Insiders own 13% of the company, valued at approximately US$15m, indicating alignment with shareholder interests. However, there are two warning signs to consider regarding the company's risks. Insider buying suggests confidence in the company's future, which may moderately influence market sentiment and performance.

28 Jan

4

Finward Bancorp reported a net income of $12.1 million, or $2.84 per diluted share, for the year ending December 31, 2024, up from $8.4 million, or $1.96 per diluted share, in 2023. For Q4 2024, net income was $2.1 million, compared to $606 thousand in Q3 2024. Key performance metrics showed improvements in return on equity and assets, with a return on equity of 5.39% for Q4 2024. The bank's net interest margin increased to 2.79% for Q4 2024, driven by higher loan yields and lower funding costs. Total deposits rose to $1.8 billion, while non-performing loans slightly decreased. The bank's capital ratios remained strong, exceeding regulatory requirements, and it recognized a one-time gain of $1.2 million from a tax credit investment. Significant improvements in financial performance and strategic initiatives indicate a likely positive impact on future performance.

29 Oct

4

Finward Bancorp announced earnings for the quarter and nine months ended September 30, 2024, with net income available to common stockholders increasing compared to the prior year. The Bank's position improved, with stable margin and expenses, as they prepared for the Fed's easing cycle. The article describes significant financial performance and strategic moves that could impact Finward Bancorp's future trajectory and market performance.

26 Sep

4

Finward Bancorp (FNWD) has shown a positive price trend recently, indicating strong market performance and investor confidence. Analysts attribute this upward movement to the company's solid financial fundamentals and strategic initiatives aimed at enhancing growth. The favorable market conditions and effective management strategies are expected to sustain this momentum, making FNWD an attractive option for investors looking for stability and potential returns. The positive price trend and strong financial fundamentals suggest significant potential for future performance and investor sentiment.

10 Sep

4

Finward Bancorp (FNWD) is highlighted as a strong option for trend investors due to its solid financial performance, strategic growth initiatives, and favorable market conditions. The bank has demonstrated resilience and adaptability, positioning itself well to capitalize on emerging opportunities in the financial sector. Analysts suggest that FNWD's focus on innovation and customer service enhances its competitive edge, making it an attractive investment choice for those looking to align with positive market trends. Significant growth initiatives and favorable market conditions are likely to impact Finward Bancorp's future performance.

7 Sep

3

Retail investors own 56% of Finward Bancorp shares, while institutions own 22%. Insiders have been selling shares. Top 25 shareholders own 43% of the company. The ownership breakdown may moderately influence the company's future decisions and performance.

5 Sep

4

Finward Bancorp appoints three new directors with extensive experience in the financial industry. The appointment of new directors with significant industry experience is a significant move that could impact the company's strategic direction and governance.

stockrow.com/FNWD · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com