Saturday 17 October 2026
Export FNWD’s income statement to Excel — free account
Finward Bancorp
FNWD Financial Banks Regional
Finward Bancorp’s revenue for fiscal 2025 (year ended December 2025) was $101.1 million, down 9.63% from fiscal 2024. In the quarter to June 2026, revenue was flat, EPS fell 2.00%, free cash flow was flat and total debt was flat, each against the same quarter a year earlier. Insiders bought in the last twelve months.
41.93
0.14
+0.34%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
14.09 | 14.09 | 13.56 | 13.00 | 7.52 | 10.50 | 10.14 | 12.74 | 9.90 | 18.62 |
Piotroski F-Score |
6 | 4 | 5 | 5 | 6 | 5 | 5 | 5 | 7 | 6 |
P/S ratio |
0.00 | 3.07 | 2.61 | 2.50 | 1.79 | 2.40 | 1.81 | 1.11 | 1.07 | 1.49 |
P/FCF ratio |
0.00 | 11.87 | 13.31 | 19.27 | 7.81 | 11.47 | 9.16 | 4.50 | 4.91 | 15.23 |
P/Operating CF |
0.00 | 39.69 | 15.38 | 1,807.04 | 260.36 | 329.63 | 24.81 | 58.33 | 11.08 | 19.42 |
P/B ratio |
0.00 | 1.37 | 1.25 | 1.17 | 0.82 | 1.02 | 1.11 | 0.73 | 0.79 | 0.86 |
Price to Tangible BV |
0.00 | 1.41 | 1.36 | 1.28 | 0.92 | 1.12 | 1.38 | 0.88 | 0.94 | 0.99 |
EV/Sales |
0.00 | 3.27 | 3.10 | 1.94 | 1.57 | 1.96 | 2.84 | 1.05 | 1.02 | 0.75 |
EV/EBITDA |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Operating CF |
(0.53) | 10.94 | 14.29 | 11.11 | 5.54 | 7.67 | 13.39 | 4.18 | 11.64 | 7.64 |
EV/FCF |
(0.61) | 12.64 | 15.81 | 14.93 | 6.83 | 9.40 | 14.39 | 4.24 | 4.68 | 7.67 |
Quick Ratio |
0.06 | 0.02 | 0.02 | 0.04 | 0.02 | 0.02 | 0.02 | 0.05 | 0.04 | 0.07 |
Current Ratio |
0.78 | 0.77 | 0.82 | 0.81 | 0.74 | 0.68 | 0.85 | 0.84 | 0.85 | 0.87 |
Net Debt/EBITDA |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Debt/Assets |
2.83% | 2.25% | 3.92% | 1.05% | 0.41% | 0.00% | 5.80% | 3.79% | 3.15% | 2.23% |
Debt/Equity |
0.31 | 0.23 | 0.42 | 0.10 | 0.04 | 0.00 | 0.88 | 0.54 | 0.43 | 0.26 |
Asset Turnover |
0.05 | 0.04 | 0.05 | 0.05 | 0.05 | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 |
Operating CF/Net income |
1.14 | 1.37 | 1.13 | 0.91 | 1.24 | 1.14 | 1.18 | 2.89 | 0.81 | 1.22 |
Capex/Depreciation |
(0.67) | (0.63) | (0.38) | (1.44) | (1.17) | (0.69) | (0.21) | (0.05) | 2.00 | (0.01) |
| 11.08% | 10.17% | 9.65% | 10.27% | 11.15% | 9.71% | 10.29% | 5.91% | 8.12% | 4.96% | |
| 1.03% | 0.97% | 0.92% | 1.00% | 1.13% | 0.96% | 0.82% | 0.40% | 0.58% | 0.40% | |
ROIC |
11.27% | 7.38% | 5.37% | 8.78% | 8.60% | 8.41% | 4.99% | 3.56% | 5.77% | 5.07% |
Return on Tangible Assets |
(5.78%) | (5.45%) | (6.45%) | (6.24%) | (5.02%) | (3.45%) | (6.55%) | (3.30%) | (5.38%) | (4.14%) |
Average Days of Receivables |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
64.92% | 64.92% | 67.34% | 63.53% | 64.96% | 72.29% | 72.86% | 59.31% | 51.54% | 57.32% |
Intangible Assets out of Total Assets |
0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
Share Based Compensation of Revenue |
0.35% | 0.47% | 0.42% | 0.48% | 0.59% | 0.86% | 0.89% | 0.74% | 0.51% | 0.44% |
Graham Net Nets |
0.00 | (1.62) | (1.68) | (1.51) | (2.83) | (2.92) | (2.58) | (3.47) | (2.82) | (1.90) |
Graham Number |
0.00 | 47.58 | 49.54 | 55.76 | 68.79 | 66.55 | 51.22 | 39.09 | 47.66 | 41.70 |
Earnings Yield |
7.10% | 7.10% | 7.37% | 7.69% | 13.30% | 9.52% | 9.86% | 7.85% | 10.10% | 5.37% |
Free Cash Flow Yield |
0.00% | 8.43% | 7.51% | 5.19% | 12.80% | 8.72% | 10.91% | 22.24% | 20.38% | 6.56% |
Revenue per Share |
14.00 | 14.35 | 16.46 | 18.37 | 20.15 | 19.15 | 20.01 | 22.59 | 26.25 | 23.66 |
Operating CF per Share |
3.63 | 4.29 | 3.57 | 3.20 | 5.70 | 4.90 | 4.25 | 5.67 | 2.30 | 2.32 |
Capex per Share |
(0.60) | (0.58) | (0.34) | (0.82) | (1.08) | (0.90) | (0.30) | (0.08) | 3.43 | (0.01) |
Free Cash Flow per Share |
3.04 | 3.72 | 3.23 | 2.38 | 4.62 | 4.00 | 3.95 | 5.58 | 5.73 | 2.31 |
Cash per Share |
15.78 | 4.43 | 6.50 | 14.43 | 6.30 | 10.03 | 8.08 | 20.12 | 16.57 | 28.01 |
Shareholders Equity per Share |
29.42 | 32.15 | 34.40 | 39.15 | 43.82 | 45.04 | 32.66 | 34.48 | 35.55 | 40.89 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
29.42 | 32.15 | 34.40 | 39.15 | 43.82 | 45.04 | 32.66 | 34.48 | 35.55 | 40.89 |
Free Cash Flow |
8.68 | 10.64 | 9.53 | 8.16 | 16.00 | 13.92 | 16.50 | 23.86 | 24.41 | 9.87 |
Working Capital |
(177.35) | (184.03) | (169.60) | (223.20) | (347.90) | (465.43) | (270.51) | (292.71) | (272.66) | (240.11) |
Capital Expenditures |
(1.71) | (1.66) | (1.01) | (2.80) | (3.73) | (3.13) | (1.23) | (0.35) | 14.60 | (0.03) |
Net Current Asset Value |
(203.18) | (204.91) | (212.60) | (237.20) | (354.05) | (465.43) | (390.51) | (372.71) | (337.66) | (285.11) |
EV/EBIT |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Capex to Sales |
0.04 | 0.04 | 0.02 | 0.04 | 0.05 | 0.05 | 0.01 | 0.00 | (0.13) | 0.00 |
Price to Operating Income |
0.00 | 12.05 | 11.78 | 11.35 | 6.68 | 9.74 | 8.50 | 13.33 | 8.90 | 18.53 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.13 | 0.13 | 0.11 | 0.07 | 0.10 | 0.15 | 0.15 | 0.19 | 0.15 | 0.14 |
Cash ROIC |
5.60% | 8.47% | 5.82% | 4.13% | 8.91% | 7.27% | 5.69% | 7.62% | 8.50% | 2.91% |
Accounts Receivable Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Accounts Payable Turnover |
0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.02 | 0.02 | 0.02 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
121,371.61 | 111,669.16 | 66,661.15 | 46,342.39 | 82,814.24 | 251,674.69 | 132,599.51 | 21,195.68 | 15,776.84 | 17,999.56 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Payables |
747.32 | 786.39 | 861.40 | 1,042.08 | 1,228.35 | 1,368.27 | 1,604.61 | 1,794.22 | 1,786.99 | 1,743.77 |
Average Assets |
889.26 | 920.44 | 1,011.71 | 1,212.44 | 1,412.51 | 1,558.52 | 1,845.54 | 2,089.31 | 2,084.49 | 2,040.94 |
Average Common Equity |
82.51 | 88.08 | 96.76 | 117.78 | 142.90 | 154.15 | 146.50 | 141.87 | 149.38 | 163.04 |
Columns are period end dates