Finward Bancorp (FNWD)

NASDAQ: FNWD · Real-Time Price · USD

43.99

+0.25 (0.57%)

Nov 9, 2026, 4:00 PM EST - Market closed

Finward Bancorp Financials Overview

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	69.82	66.25	71.6	63.28	77.12	63.01
Revenue Growth	4.89%	-7.47%	13.15%	-17.95%	22.39%	4.43%
Net Income	7.68	8.09	12.13	8.38	15.08	14.96
Earnings Per Share	1.78	1.88	2.84	1.96	3.60	4.30
EPS Growth	-6.84%	-33.80%	44.90%	-45.56%	-16.28%	-6.52%

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	92.66	121.44	76.09	91.63	42.75	33.81
Total Debt	59.85	102.88	110.6	123.72	144.48	17.27
Net Cash (Debt)	32.81	18.56	-34.51	-32.08	-101.73	16.55
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	7.61	4.32	-8.07	-7.49	-24.26	4.76

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	-	9.9	9.81	24.21	17.73	17.04
Capital Expenditures	-	-0.85	-3.07	-1.15	-3.03	-3.13
Free Cash Flow	-	9.05	6.73	23.06	14.7	13.92
Free Cash Flow Growth	-	34.42%	-70.81%	56.90%	5.63%	-13.04%

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Profit Margin	11.00%	12.21%	16.94%	13.24%	19.55%	23.75%
FCF Margin	-	13.66%	9.40%	36.45%	19.06%	22.08%

Dividends

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '26 Nov 10, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Dividend Per Share	0.480	0.360	0.480	1.050	1.240	1.240
Dividend Per Share Growth	33.33%	-25.00%	-54.29%	-15.32%	0%	0%
Dividend Yield	1.09%	1.02%	1.71%	4.16%	3.43%	2.70%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '26 Nov 10, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	24.71	18.83	10.00	12.95	10.32	10.67
Forward PE	14.33	14.19	33.27	17.05	8.80	-
P/FCF Ratio	11.51	16.83	18.02	4.71	10.58	11.47
PS Ratio	2.73	2.30	1.69	1.72	2.02	2.53