Finward Bancorp (FNWD) Financial Statements
Industry: Savings Institution, Federally Chartered
In fiscal 2025, Finward Bancorp reported revenue of $66.0M, down 7.1% from $71.1M the year before. Net income was $8.1M (a 12.2% net margin), or $1.88 per diluted share. Net interest income was $56.7M, and the efficiency ratio (noninterest expense / revenue) was 88.0%. Operating activities generated $9.9M of cash, leaving $9.0M of free cash flow. At fiscal year end, Finward Bancorp held $2.02B in total assets against $1.85B in total liabilities.
Open the full interactive Finward Bancorp financials → Quarterly statements, key ratios, valuation history and price charts.
Finward Bancorp Key Stats
| Share Price | $41.42 |
|---|---|
| Market Cap | $178.9M |
| P/E Ratio | 22.0 |
| Revenue YoY Growth | -7.1% |
| 52-Week Range | $30.15 – $45.15 |
| Shares Outstanding | 4.3 million (basic, 2026 Q2) |
Finward Bancorp Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Net Interest Income | $45.9M | $48.6M | $67.1M | $54.6M | $48.4M | $56.7M |
| Provision for Credit Losses | $3.7M | $1.5M | $0 | $2.0M | -$503,000 | -$205,000 |
| Noninterest Income | $18.1M | $15.9M | $11.5M | $10.7M | $22.6M | $9.3M |
| Noninterest Expense | $40.8M | $46.6M | $62.1M | $55.2M | $58.1M | $58.1M |
| Revenue | $64.0M | $64.5M | $78.7M | $65.3M | $71.1M | $66.0M |
| Pre-Tax Income | $19.5M | $16.4M | $16.6M | $8.0M | $13.5M | $8.1M |
| Income Tax | $2.9M | $1.4M | $1.5M | -$335,000 | $1.3M | $23,000 |
| Net Income | $16.6M | $15.0M | $15.1M | $8.4M | $12.1M | $8.1M |
| Diluted EPS | $4.80 | $4.30 | $3.60 | $1.96 | $2.84 | $1.88 |
Finward Bancorp Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $17.4M | $16.5M | $17.5M | $17.6M |
| Net Income | $3.5M | $2.0M | $2.2M | $2.1M |
| Diluted EPS | $0.81 | $0.46 | $0.52 | $0.48 |
Finward Bancorp Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Loans (Net) | $954.1M | $953.4M | $1.50B | — | — | — |
| Total Assets | $1.50B | $1.62B | $2.07B | $2.11B | $2.06B | $2.02B |
| Deposits | $1.30B | $1.43B | $1.78B | $1.81B | $1.76B | $1.73B |
| Total Long-Term Debt | $6.1M | — | $120.0M | $80.0M | $65.0M | $45.0M |
| Total Liabilities | $1.34B | $1.46B | $1.93B | $1.96B | $1.91B | $1.85B |
| Shareholders' Equity | $152.9M | $156.6M | $136.4M | $147.3M | $151.4M | $174.7M |
Finward Bancorp Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $21.1M | $17.0M | $17.8M | $24.2M | $9.8M | $9.9M |
| Cash From Investing | -$186.6M | -$125.9M | -$1.2M | $15.0M | $42.8M | $94.9M |
| Cash From Financing | $138.1M | $122.1M | -$18.5M | $15.5M | -$68.0M | -$55.7M |
| Free Cash Flow | $17.4M | $13.9M | $14.7M | $23.1M | $6.7M | $9.0M |
Figures from Finward Bancorp's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Finward Bancorp financials page for every line item.
Finward Bancorp Company Profile
| Ticker | FNWD |
|---|---|
| Exchange | Nasdaq |
| Industry | Savings Institution, Federally Chartered |
| Headquarters | Munster, Indiana |
| Incorporated in | Indiana |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0000919864 |
Frequently Asked Questions
What was Finward Bancorp's revenue in fiscal 2025?
Finward Bancorp (FNWD) reported revenue of $66.0M for fiscal 2025.
What is Finward Bancorp's annual revenue history?
Finward Bancorp's annual revenue by fiscal year: 2020: $64.0M; 2021: $64.5M; 2022: $78.7M; 2023: $65.3M; 2024: $71.1M; 2025: $66.0M.
What was Finward Bancorp's net income in fiscal 2025?
Finward Bancorp reported net income of $8.1M for fiscal 2025.
What was Finward Bancorp's earnings per share (EPS) in fiscal 2025?
Finward Bancorp's diluted EPS was $1.88 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Finward Bancorp generate in fiscal 2025?
Finward Bancorp generated $9.0M of free cash flow in fiscal 2025.
What was Finward Bancorp's revenue last quarter?
In its most recent reported quarter (2026 Q2), Finward Bancorp reported revenue of $17.6M.
How much debt does Finward Bancorp have?
Finward Bancorp reported $45.0M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Finward Bancorp are outstanding?
Finward Bancorp reported a weighted average of 4.3 million basic shares outstanding in 2026 Q2.
What is Finward Bancorp's market cap?
Based on its latest closing price, Finward Bancorp (FNWD) has a market capitalization of about $178.9M.
When does Finward Bancorp's fiscal year end?
Finward Bancorp's fiscal year end, as registered with the SEC, is December 31.
Where is Finward Bancorp headquartered?
Finward Bancorp lists its business address in Munster, Indiana in its SEC filings.
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