FNWD · Finward Bancorp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | - | $2.80M | $2.90M | $3.00M | $2.50M | $2.30M |
| Operating Income | $8.11M | $13.46M | $8.04M | $16.56M | $18.71M | $19.50M |
| Interest Expense | - | - | $31.23M | $4.89M | $2.08M | $5.74M |
| Income Tax | $23.0K | $1.32M | ($335.0K) | $1.48M | $1.41M | $2.89M |
| Net Income | $8.09M | $12.13M | $8.38M | $15.08M | $14.96M | $16.60M |
| EPS - Basic | $1.89 | $2.85 | $1.96 | $3.61 | $4.30 | $4.80 |
| EPS - Diluted | $1.88 | $2.84 | $1.96 | $3.60 | $4.30 | $4.80 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | - | - | - | - | - | - |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $2.02B | $2.06B | $2.11B | $2.07B | $1.62B | $1.50B |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $1.85B | $1.91B | $1.96B | $1.93B | $1.46B | $1.34B |
| Stockholders' Equity | $174.66M | $151.41M | $136.39M | $136.39M | $156.62M | $152.92M |
| Retained Earnings | $145.99M | $139.46M | $129.40M | $131.66M | $121.91M | $112.49M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $9.90M | $9.80M | $24.21M | $17.76M | $17.04M | $21.15M |
| Investing Cash Flow | $94.88M | $42.79M | $15.02M | ($1.16M) | ($125.93M) | ($186.56M) |
| Financing Cash Flow | ($55.72M) | ($68.02M) | $15.49M | ($18.49M) | $122.14M | $138.07M |
| CapEx | $853.0K | $3.07M | $1.15M | $3.03M | $3.13M | $3.73M |
| Free Cash Flow | $9.05M | $6.73M | $23.06M | $14.73M | $13.91M | $17.41M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - |
| Free cash flow margin | - | - | - | - | - | - |
| FCF / Net income | 1.12 | 0.55 | 2.75 | 0.98 | 0.93 | 1.05 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - |
| Effective tax rate | 0.3% | 9.8% | -4.2% | 8.9% | 8.6% | 14.8% |
| Return on assets | 0.4% | 0.6% | 0.4% | 0.7% | 0.9% | 1.1% |
| Return on equity | 4.6% | 8.0% | 6.1% | 11.1% | 9.6% | 10.9% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | - | 0.3x | 3.4x | 9.0x | 3.4x |
| Equity multiplier | 11.57 | 13.61 | 15.46 | 15.18 | 10.35 | 9.79 |
| Liabilities / Assets | 0.91 | 0.93 | 0.93 | 0.93 | 0.90 | 0.90 |
| Efficiency | ||||||
| Asset turnover | - | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 18.7x | 9.9x | 12.9x | 10.1x | 10.7x | 7.5x |
| P / B | 0.9x | 0.8x | 0.8x | 1.1x | 1.0x | 0.8x |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | 7.4x | 9.9x | 7.8x | 7.5x | 5.7x |
| Growth | ||||||
| Revenue growth (YoY) | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | -39.7% | 67.2% | -51.4% | -11.5% | -4.1% | 40.7% |
| Net income growth (YoY) | -33.3% | 44.7% | -44.4% | 0.8% | -9.9% | 37.3% |
| EPS growth (YoY) | -33.8% | 44.9% | -45.6% | -16.3% | -10.4% | 36.0% |
| EPS CAGR (3y) | -19.5% | -12.9% | -25.8% | 0.7% | 10.7% | 15.3% |
| EPS CAGR (5y) | -17.1% | -4.3% | -9.2% | 2.8% | 6.1% | 11.8% |
| FCF growth (YoY) | 34.4% | -70.8% | 56.6% | 5.9% | -20.1% | 120.0% |
| FCF CAGR (5y) | -12.3% | -3.2% | 19.3% | 11.0% | 9.9% | 16.4% |
| Book value growth (YoY) | 15.4% | 11.0% | 0.0% | -12.9% | 2.4% | 14.0% |
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
4/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- -Current ratio improved
- ✓No share dilution
- -Gross margin improved
- -Asset turnover improved
Peer comparison
Same SIC group: Savings Institution, Federally Chartered
Comparing Finward Bancorp against the 5 most active filers in the same SIC group.
Dividends
$0.36/share trailing 12 months · -25.0% YoY
| Ex-date | Per share |
|---|---|
| Mar 16, 2026 | $0.1200 |
| Dec 17, 2025 | $0.1200 |
| Aug 29, 2025 | $0.1200 |
| Apr 28, 2025 | $0.1200 |
| Jan 21, 2025 | $0.1200 |
| Oct 18, 2024 | $0.1200 |
| Jul 19, 2024 | $0.1200 |
| Apr 22, 2024 | $0.1200 |
| Jan 22, 2024 | $0.1200 |
| Sep 21, 2023 | $0.3100 |
| Jun 22, 2023 | $0.3100 |
| Mar 23, 2023 | $0.3100 |
| Dec 27, 2022 | $0.3100 |
| Sep 27, 2022 | $0.3100 |
| Jun 23, 2022 | $0.3100 |
| Mar 24, 2022 | $0.3100 |
| Dec 28, 2021 | $0.3100 |
| Sep 23, 2021 | $0.3100 |
| Jun 24, 2021 | $0.3100 |
| Mar 25, 2021 | $0.3100 |
| Dec 24, 2020 | $0.3100 |
| Sep 24, 2020 | $0.3100 |
| Jun 25, 2020 | $0.3100 |
| Mar 26, 2020 | $0.3100 |