Saturday 17 October 2026 Export FNWD’s income statement to Excel — free account

Finward Bancorp

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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Market cap: $181.0M
P/E: 18.3×
Fwd P/E: 12.2×
Dividend yield: 1.14%
F-score: 6/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Finward Bancorp (FNWD) P/E ratio

Alert me on P/E ratio

As of 16 October 2026, Finward Bancorp (FNWD) trades at a P/E ratio of 18.3×. Over the past ten years it has ranged from 5.8× (June 2023) to 40.3× (April 2025); the current reading is higher than 88% of that period. That is above the Banks Regional industry median of 12.0× and above the Financial sector median of 12.4×.

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<iframe src="https://stockrow.com/embed/FNWD/pe-ratio" width="100%" height="360" style="border:0" loading="lazy" title="Finward Bancorp P/E ratio, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/FNWD/metrics/pe-ratio">Finward Bancorp (FNWD) P/E ratio — stockrow.com</a></p>

Period	P/E ratio	Change
FY2025	18.6×	88.11%
FY2024	9.9×	(22.32%)
FY2023	12.7×	25.65%
FY2022	10.1×	(3.42%)
FY2021	10.5×	39.60%
FY2020	7.5×	(42.16%)
FY2019	13.0×	(4.14%)
FY2018	13.6×	(3.71%)
FY2017	14.1×	0.00%
FY2016	14.1×	0.00%

Period	P/E ratio	Change
Jun 2026	16.1×	1.76%
Mar 2026	15.8×	(15.23%)
Dec 2025	18.6×	11.40%
Sep 2025	16.7×	(24.96%)
34 more quarters	Free account

Against its own ten years

Low 5.8× High 40.3×

Ten-year median 11.0×

Current reading's percentile 88

Company	P/E ratio
BAFN BayFirst Financial Corp. compare	n/m
LARK Landmark Bancorp Inc. compare	9.5×
SBFG SB Financial Group, Inc. compare	11.0×
MNSB MainStreet Bank compare	11.8×
ECBK ECB Bancorp, Inc. compare	13.9×
BVFL BV Financial, Inc. compare	14.1×
FNWD Finward Bancorp	18.3×
HNVR Hanover Bancorp, Inc. compare	19.0×
CBFV CB Financial Services, Inc. compare	26.3×
Banks Regional industry median	12.0×
Financial sector median	12.4×
Market median	18.1×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

Finward Bancorp (FNWD) P/E ratio

P/E ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/E ratio against peers

What P/E ratio is

More on FNWD

P/E ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/E ratio against peers

What P/E ratio is

More on FNWD

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