FinWise Bancorp (FINW) vs Finward Bancorp (FNWD)

FinWise Bancorp and Finward Bancorp are both Banks Regional companies. Finward Bancorp is the larger, with a market value of $183.1M against $156.6M — 1.2× the size. FinWise Bancorp trades at the lower P/E: 11.1× against 18.9×. FinWise Bancorp grew revenue faster over the last twelve months: 90.2% against 0.15%. Finward Bancorp has the higher net margin (9.65% vs 6.53%) and the lower return on invested capital (4.41% vs 11.0%). Across the 19 metrics below, FinWise Bancorp leads on 14 and Finward Bancorp on 5.

Valuation

Metric FINW FNWD Banks Regional median
P/E 11.10 18.93 12.15
P/S 0.73 1.82 2.37
P/B 0.75 1.04 1.21
Price to free cash flow 28.77 10.69 10.80
EV/EBITDA n/m n/m —
EV/Sales 0.27 1.53 2.27
Earnings yield 9.01% 5.28% 8.11%
Free cash flow yield 3.48% 9.36% 8.98%

Profitability

Metric FINW FNWD Banks Regional median
Gross margin 89.27% 67.76% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 6.53% 9.65% 18.66%
Free cash flow margin 2.55% 17.07% 21.18%
Return on equity 6.94% 5.90% 10.64%
Return on assets 1.50% 0.48% 1.13%
Return on invested capital 10.95% 4.41% 8.33%

Growth

Metric FINW FNWD Banks Regional median
Revenue growth (TTM) 90.17% 0.15% 6.61%
EPS growth (last fiscal year) 21.51% (33.80%) —
Revenue growth, 5-year CAGR 28.03% 7.69% 12.30%
Net income growth, 5-year CAGR 8.23% (12.68%) 9.71%

Health

Metric FINW FNWD Banks Regional median
Debt to equity 0.00 0.36 0.22
Current ratio 0.88 0.88 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric FINW FNWD Banks Regional median
Dividend yield — 2.03% 3.75%
Payout ratio 0.00 0.40 0.27

Size

Metric FINW FNWD Banks Regional median
Market cap 156.60m 183.11m 921.07m

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