Finward Bancorp
FNWD Nasdaq· Savings Institution, Federally Chartered
Last close · Oct 23, 2026
$43.56
KIRA · Stoqly’s AI analyst, in plain words
- Finward Bancorp had $66.0M of revenue in fiscal 2025, down 7.1% on the year before. Over five years, revenue changed +0.6% a year on average.
- Finward Bancorp made $8.1M of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew −5.7% a year.
- Finward Bancorp returned $1.6M to shareholders in fiscal 2025, 17% of free cash flow. The diluted share count rose 0.4%.
- It earned 5.0% on shareholders’ money. Running costs took 88.0% of revenue (the efficiency ratio; lower is better).
Market cap
$188M
P/E
19.2x
Revenue
$66.0M
Net income
$8.1M
Return on equity
5.0%
Efficiency ratio
88.0%
Finward Bancorp in 30 seconds · fiscal 2025
Are sales growing?
−7.1%
No. Sales fell 7.1% last year.
Does it make a profit?
12.2%
Yes. It keeps 12.2% of every sale as profit.
How lean are its costs?
88.0%
Costly. Running costs take 88.0% of revenue.
How much does it earn on its capital?
5.0%
Low. It earns 5.0% a year on shareholders’ money.
How is the share priced?
19.2x
One share costs 19.2 times its yearly profit per share.
What Finward Bancorp does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 25, 2026
- Legal name
- Finward Bancorp
- CIK
- 0000919864
Finward Bancorp · FNWD
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $64.5M | $78.7M | $65.3M | $71.1M | $66.0M |
| Revenue growth | 0.8% | 21.9% | −17.0% | 8.9% | −7.1% |
| Net interest income | $48.6M | $67.1M | $54.6M | $48.4M | $56.7M |
| Net income | $15.0M | $15.1M | $8.4M | $12.1M | $8.1M |
| Net margin | 23.2% | 19.2% | 12.8% | 17.1% | 12.2% |
| Diluted EPS | $4.30 | $3.60 | $1.96 | $2.84 | $1.88 |
| Cash | |||||
| Cash from operations | $17.0M | $17.7M | $24.2M | $9.8M | $9.9M |
| Capital expenditure | $3.1M | $3.0M | $1.1M | $3.1M | $0.9M |
| Free cash flow | $13.9M | $14.7M | $23.1M | $6.7M | $9.0M |
| FCF margin | 21.6% | 18.7% | 35.3% | 9.5% | 13.7% |
| Dividends paid | $4.3M | $5.1M | $5.3M | $2.1M | $1.6M |
| Share count change | 0.4% | 20.6% | 2.1% | −0.2% | 0.4% |
| Debt and strength | |||||
| Loans, net | $953M | $1.5B | — | — | — |
| Deposits | $1.4B | $1.8B | $1.8B | $1.8B | $1.7B |
| Shareholders' equity | $157M | $130M | $147M | $151M | $175M |
| Returns and quality | |||||
| Return on equity | 9.7% | 10.5% | 6.0% | 8.1% | 5.0% |
| Return on tangible equity | 10.5% | 14.6% | 6.9% | 9.5% | 5.4% |
| Efficiency ratio | 72.3% | 78.9% | 84.6% | 81.8% | 88.0% |
Insiders bought, 12 months
$0.0M
6 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Net income:
- Profit after all expenses, interest and tax.
- Efficiency ratio:
- Noninterest expense as a share of revenue. Lower is better for banks.
- Return on equity:
- Net income as a share of average shareholders' equity.
- Return on tangible equity:
- Net income to common over equity minus goodwill and intangibles.
- Diluted EPS:
- Net income per diluted share.
Finward Bancorp · FNWD
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Return on equity and efficiency ratio
Loans and deposits
Dividends and buybacks
Diluted EPS
KIRA
At $43.56 a share, the company is worth $188M: 19.2 times its earnings of the last four quarters.
Source: SEC EDGAR XBRL filings (CIK 0000919864). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.