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Finward Bancorp

Finward Bancorp

FNWD · NASDAQ · Financial Services / Banks - Regional

43.81USD+0.15 (+0.34%)

Price History

Full chart

Market Stats

Previous Close43.66
Open43.55
Day Range43.50 – 43.81
52-Week Range29.86 – 45.77
Volume9.44K
Market Cap183.11M
P/E (TTM)18.62
Forward P/E12.45
EPS2.27
Dividend Yield1.16%
Beta0.19
50-Day Avg43.18
200-Day Avg37.34

About

Finward Bancorp operates as the holding company for Peoples Bank that provides various banking products and services. The company's deposit products include non-interest- and interest-bearing demand accounts, savings accounts, money market deposit accounts, certificate accounts, and retirement savings plans. Its loan portfolio comprises residential mortgage loans that enable borrowers to purchase existing homes, refinance existing homes, or construct new homes; construction loans primarily to individuals and contractors; commercial real estate and multifamily loans; consumer loans to individuals for personal, household, or family purposes; home equity line of credit; home improvement and equity loans; commercial business loans; government loans; and loans to municipalities. The company also offers estate and retirement planning, guardianships, land trusts, profit sharing and 401(k) retirement plans, IRA and Keogh accounts, and investment agency accounts, as well as acts as personal representative of estates, and trustee for revocable and irrevocable trusts. In addition, it provides insurance and annuity investments to wealth management customers; holds security investments and real estate properties; and operates as a real estate investment trust. The company was formerly known as NorthWest Indiana Bancorp and changed its name to Finward Bancorp in March 1994. Finward Bancorp was founded in 1916 and is headquartered in Munster, Indiana.

Company Details

  • SectorFinancial Services
  • IndustryBanks - Regional
  • CEOMr. Benjamin J. Bochnowski
  • Employees296
  • Headquarters9204 Columbia Avenue, Munster, IN, United States, 46321, USA
  • Websitehttps://www.ibankpeoples.com

Leadership

  • Mr. Benjamin J. BochnowskiPresident, CEO & Director · b. 1981
  • Mr. Benjamin L. SchmittExecutive VP, CFO & Treasurer · b. 1981
  • Mr. Robert T. Lowry CPAExecutive VP & COO · b. 1962
  • Mr. Todd M. ScheubExecutive President & Chief Revenue Officer · b. 1968
  • Mr. David J. Kwait J.D., M.B.A.Senior VP, General Counsel, Corporate Secretary, Compliance Officer & Chief Risk Officer
  • Mr. John J. DiederichExecutive Advisor · b. 1953

Financials

Income Statement

Currency: USD1996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue12.05M13.01M13.77M27.30M30.07M30.83M30.46M29.32M29.93M33.56M39.20M40.20M39.70M37.79M36.00M33.23M33.61M31.52M33.26M36.23M40.01M41.11M48.55M62.92M69.77M66.60M83.54M96.53M111.83M101.06M
Growth (%)-+7.92%+5.83%+98.30%+10.15%+2.51%-1.20%-3.71%+2.05%+12.16%+16.79%+2.55%-1.25%-4.80%-4.73%-7.70%+1.14%-6.23%+5.52%+8.95%+10.43%+2.74%+18.10%+29.60%+10.89%-4.54%+25.44%+15.54%+15.85%-9.63%
Cost of Revenue11.37M11.94M12.42M11.50M13.56M13.45M10.83M7.94M7.24M10.00M15.75M18.43M15.32M17.38M10.56M6.74M4.70M2.18M2.69M2.97M3.61M3.79M6.40M11.68M9.43M3.59M4.89M33.25M40.23M34.81M
Gross Profit681.84K1.07M1.35M15.80M16.51M17.38M19.63M21.38M22.68M23.56M23.45M21.77M24.37M20.41M25.45M26.49M28.91M29.34M30.56M33.27M36.40M37.32M42.15M51.24M60.34M63.01M78.66M63.28M71.60M66.25M
Gross Margin5.66%8.19%9.78%57.88%54.90%56.36%64.45%72.92%75.80%70.20%59.81%54.14%61.40%54.01%70.67%79.72%86.02%93.08%91.90%91.81%90.97%90.78%86.82%81.44%86.49%94.61%94.15%65.55%64.03%65.55%
Operating Expense-2.93M-4.57M-4.88M8.80M9.45M9.91M10.86M12.04M13.17M13.77M14.30M14.53M17.00M18.73M19.47M19.93M20.12M19.82M21.02M23.62M24.71M25.49M31.38M37.39M41.64M46.64M62.10M55.23M58.14M58.14M
Operating Income3.61M5.64M6.22M7.00M7.06M7.46M8.77M9.35M9.51M9.79M9.15M7.24M7.38M1.68M5.98M6.56M8.79M9.52M9.55M9.65M11.69M11.83M10.77M13.86M18.71M16.38M16.56M8.04M13.46M8.11M
Operating Margin29.93%43.35%45.21%25.64%23.48%24.21%28.80%31.87%31.78%29.17%23.34%18.01%18.58%4.43%16.60%19.75%26.16%30.19%28.71%26.63%29.22%28.78%22.18%22.02%26.81%24.59%19.82%8.33%12.03%8.02%
EBITDA4.16M6.35M7.13M7.90M7.97M8.48M10.10M10.42M11.05M11.48M10.68M8.71M8.80M3.28M8.12M8.89M11.20M11.64M11.58M11.97M14.24M14.44M13.43M15.80M21.91M20.94M22.53M15.21M20.75M14.30M
EBITDA Margin34.52%48.81%51.81%28.94%26.52%27.50%33.15%35.52%36.94%34.20%27.23%21.66%22.18%8.67%22.56%26.77%33.33%36.95%34.81%33.04%35.60%35.13%27.65%25.12%31.40%31.43%26.96%15.75%18.55%14.15%
Net Income2.19M3.42M3.76M4.20M4.37M4.71M5.49M5.94M6.29M6.67M6.47M5.59M5.93M2.49M5.18M5.38M6.85M7.12M7.39M7.85M9.14M8.96M9.34M12.10M15.93M14.96M15.08M8.38M12.13M8.09M
Net Income Margin18.16%26.26%27.33%15.38%14.54%15.28%18.04%20.24%21.02%19.88%16.52%13.90%14.94%6.58%14.38%16.20%20.39%22.59%22.23%21.67%22.85%21.80%19.23%19.23%22.84%22.47%18.05%8.68%10.85%8.00%
Interest Expense11.29M11.72M12.31M11.30M13.39M13.22M10.11M7.52M6.86M9.76M15.74M17.88M12.93M8.84M4.99M3.23M2.35M1.73M1.82M2.01M2.35M2.59M5.09M9.09M5.74M2.08M4.89M31.23M40.73M35.02M
Interest Expense % of Total Revenue93.64%90.11%89.42%41.39%44.51%42.89%33.19%25.65%22.92%29.07%40.15%44.48%32.58%23.39%13.86%9.72%6.99%5.49%5.47%5.56%5.86%6.31%10.49%14.45%8.23%3.12%5.85%32.35%36.42%34.65%

Balance Sheet

Currency: USD1996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets299.42M319.61M345.42M361.70M392.31M440.71M488.00M508.77M557.39M627.44M618.98M628.72M664.73M661.81M631.05M651.76M691.85M693.45M775.04M864.89M913.63M927.26M1.10B1.33B1.50B1.62B2.07B2.11B2.06B2.02B
Total Liabilities271.60M290.13M314.10M329.20M358.78M404.83M448.85M467.22M513.30M581.01M568.97M575.99M611.96M608.73M574.96M588.80M624.19M626.69M698.88M783.98M829.52M835.20M994.69M1.19B1.34B1.46B1.93B1.96B1.91B1.85B
Total Equity27.82M29.48M31.32M32.50M33.53M35.88M39.15M41.55M44.10M46.43M50.01M52.73M52.77M53.08M56.09M62.96M67.65M66.76M76.17M80.91M84.11M92.06M101.46M134.10M151.69M156.62M136.39M147.34M151.41M174.66M
Cash6.51M10.65M27.34M14.60M17.33M16.79M33.65M15.89M16.40M39.83M15.76M12.11M11.30M9.15M10.94M20.55M33.34M19.68M13.92M10.69M44.89M12.34M18.40M33.88M21.82M34.42M33.63M85.59M69.93M18.27M
Total Debt12.26M14.63M17.32M18.60M30.60M44.99M36.06M40.90M86.55M51.15M51.50M76.93M74.80M63.02M48.62M52.01M49.51M44.93M53.91M58.00M39.83M32.18M54.63M25.50M19.86M14.58M135.50M118.12M105.12M84.70M
Net Debt5.75M3.98M-10.02M4.00M13.27M28.20M2.41M25.01M70.15M11.32M35.74M64.82M63.50M53.87M37.68M31.46M16.17M25.25M39.98M47.31M-5.07M19.84M36.23M-8.38M-1.96M-19.84M101.87M32.53M35.19M66.44M

Cash Flow

Currency: USD1996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow2.42M5.16M4.48M5.20M5.34M5.59M7.63M7.30M7.88M7.13M6.57M8.25M12.14M1.25M14.48M14.82M8.53M11.06M9.58M9.46M10.39M12.30M10.54M10.96M21.15M17.04M17.76M24.21M9.80M9.90M
Investing Cash Flow-26.93M-17.30M-9.07M-29.80M-28.75M-48.86M-29.03M-43.17M-50.79M-48.44M-14.58M-13.92M-41.51M3.33M19.94M-7.82M-36.30M-24.46M-35.04M-44.81M-21.28M-47.84M-31.17M-28.17M-186.56M-109.20M-1.13M15.02M42.79M94.88M
Financing Cash Flow16.08M16.29M21.28M12.00M26.19M42.74M39.67M16.74M43.25M64.74M-16.05M2.02M28.55M-2.65M-36.71M8.43M35.16M-563.00K27.64M24.92M43.58M2.34M26.74M47.34M138.07M122.14M-18.49M15.49M-68.02M-55.72M
Capital Expenditure2.37M454.00K732.00K600.00K2.20M1.07M2.16M6.01M994.00K1.69M1.36M3.05M4.14M1.93M1.70M417.00K797.00K893.00K859.00K1.31M1.71M1.66M1.01M3.04M3.73M3.13M3.03M1.15M3.07M853.00K
Free Cash Flow42.83K4.70M3.75M4.60M3.15M4.52M5.46M1.29M6.88M5.44M5.21M5.19M8.00M-682.00K12.78M14.40M7.73M10.16M8.72M8.15M8.68M10.64M9.53M7.92M17.41M13.91M14.73M23.06M6.73M9.05M
Dividends Paid1.52M1.77M2.04M2.30M2.53M2.77M3.01M3.24M3.40M3.62M3.85M4.01M4.04M3.40M2.20M1.70M1.93M2.33M2.67M2.96M3.14M3.26M3.43M4.08M4.29M4.31M5.08M5.33M2.07M1.56M
FCF to OCF1.77%91.19%83.66%88.46%58.89%80.81%71.67%17.71%87.38%76.33%79.30%62.99%65.88%-54.69%88.25%97.19%90.65%91.92%91.03%86.15%83.54%86.53%90.41%72.25%82.34%81.65%82.94%95.26%68.65%91.38%
Dividend Paid to FCF3543.16%37.59%54.56%50.00%80.45%61.36%55.06%250.43%49.38%66.50%73.88%77.20%50.56%-499.27%17.22%11.80%24.94%22.90%30.66%36.34%36.21%30.67%36.02%51.60%24.64%30.97%34.45%23.13%30.74%17.21%

Earnings

Report DateMar 31, 1998Jun 30, 1998Sep 30, 1998Mar 31, 1999Jun 30, 1999Sep 30, 1999Mar 31, 2000Jun 30, 2000Sep 30, 2000Mar 31, 2001Jun 30, 2001Sep 30, 2003Dec 31, 2003Mar 31, 2004Jun 30, 2004Sep 30, 2004Dec 31, 2004Mar 31, 2005Jun 30, 2005Sep 30, 2005Dec 31, 2005Mar 31, 2006Jun 30, 2006Sep 30, 2006Dec 31, 2006Mar 31, 2007Jun 30, 2007Sep 30, 2007Mar 31, 2008Jun 30, 2008Sep 30, 2008Dec 31, 2008Mar 31, 2009Jun 30, 2009Sep 30, 2009Dec 31, 2009Mar 31, 2010Jun 30, 2010Sep 30, 2010Dec 31, 2010Jun 30, 2011Sep 30, 2011Dec 31, 2011Mar 31, 2012Jun 30, 2012Sep 30, 2012Dec 31, 2012Mar 31, 2013Jun 30, 2013Sep 30, 2013Dec 31, 2013Mar 31, 2014Jun 30, 2014Sep 30, 2014Dec 31, 2014Mar 31, 2015Jun 30, 2015Sep 30, 2015Dec 31, 2015Mar 31, 2016Jun 30, 2016Sep 30, 2016Dec 31, 2016Mar 31, 2017Jun 30, 2017Sep 30, 2017Dec 31, 2017Mar 31, 2018Jun 30, 2018Sep 30, 2018Dec 31, 2018Mar 31, 2019Jun 30, 2019Sep 30, 2019Dec 31, 2019Mar 31, 2020Jun 30, 2020Sep 30, 2020Dec 31, 2020Mar 22, 2021May 7, 2021Aug 16, 2021Nov 9, 2021Jan 26, 2022Apr 27, 2022Jul 27, 2022Oct 25, 2022Jan 25, 2023Apr 26, 2023Jul 26, 2023Oct 25, 2023Jan 30, 2024Apr 24, 2024Jul 24, 2024Oct 29, 2024Jan 28, 2025Apr 30, 2025Jul 29, 2025Oct 28, 2025Jan 27, 2026Apr 28, 2026Jul 28, 2026Oct 27, 2026
EPS Estimate-----------------------------------------------------------------------------------0.951.111.191.201.060.840.560.510.460.42-0.090.180.200.100.260.400.610.540.620.72
EPS Actual0.320.330.340.340.380.390.380.410.410.390.420.550.530.530.550.580.580.580.580.570.650.600.590.560.550.530.500.510.580.510.560.450.610.37-0.500.400.490.570.370.400.590.400.490.480.570.790.570.590.600.840.480.630.690.670.610.680.690.670.720.790.780.810.820.800.880.780.660.890.880.540.860.661.171.040.650.921.401.351.001.001.311.031.350.811.010.911.101.080.510.580.510.35-0.230.030.140.300.100.500.810.830.520.48-
Surprise------------------------------------------------------------------------------------14.74%-9.01%-23.53%-8.33%1.89%-39.29%3.57%0.00%-23.91%-154.76%133.33%-22.22%50.00%0.00%92.31%102.50%36.07%-3.70%-22.58%-
Timing---------------------------------------------------------------------------------After-hoursAfter-hoursAfter-hoursPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap183.11M
Enterprise Value197.98M
Trailing P/E18.62
Forward P/E12.45
PEG Ratio1.72
Price / Sales2.65
Price / Book1.01
EPS2.27
Book Value41.15
Revenue (TTM)69.00M
Gross Profit (TTM)69.00M
Profit Margin14.23%
Operating Margin16.19%
Return on Equity5.90%
Return on Assets0.48%
Shares Outstanding4.33M
Shares Float3.38M
Beta0.19
Dividend Yield1.16%
Dividend Rate0.48
Payout Ratio18.18%

Analyst Ratings

Buy
Based on 2 analystsTarget 38.00
  • Strong Buy
    1
  • Hold
    1

Ownership Breakdown

Institutions
46.78%
Insiders
21.73%
Retail / Other
31.49%

Top Institutional Holders

  • AllianceBernstein L.P.
    413.74K9.55%
  • PL Capital Advisors, LLC
    395.72K9.13%
  • Vanguard Capital Management, LLC
    162.30K3.75%
  • BlackRock Inc
    160.24K3.70%
  • Endeavour Capital Advisors Inc
    99.54K2.30%
  • Geode Capital Management, LLC
    80.65K1.86%
  • Elizabeth Park Capital Advisors, Ltd
    57.62K1.33%
  • The Goldman Sachs Group Inc
    54.42K1.26%
  • Wellington Management Company LLP
    53.66K1.24%
  • State Street Corp
    49.77K1.15%
  • Renaissance Technologies Corp
    45.10K1.04%
  • Hotchkis & Wiley Capital Management LLC
    44.64K1.03%
  • Acadian Asset Management LLC
    40.81K0.94%
  • Caldwell Trust
    40.43K0.93%
  • Millennium Management LLC
    36.09K0.83%
  • Northern Trust Corp
    30.18K0.70%
  • Raffles Associates LP
    26.58K0.61%
  • Dimensional Fund Advisors, Inc.
    23.88K0.55%
  • Vanguard Fiduciary Trust Co
    23.50K0.54%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    111.89K2.58%

Dividends

20263×
0.12Sep 18, 20260.12Jun 17, 20260.12Mar 16, 2026
20254×
0.12Dec 17, 20250.12Aug 29, 20250.12Apr 28, 20250.12Jan 21, 2025
20244×
0.12Oct 18, 20240.12Jul 19, 20240.12Apr 22, 20240.12Jan 22, 2024
20233×
0.31Sep 21, 20230.31Jun 22, 20230.31Mar 23, 2023
20224×
0.31Dec 27, 20220.31Sep 27, 20220.31Jun 23, 20220.31Mar 24, 2022
20214×
0.31Dec 28, 20210.31Sep 23, 20210.31Jun 24, 20210.31Mar 25, 2021
20202×
0.31Dec 24, 20200.31Sep 24, 2020

Stock Splits

  • Mar 22, 19992:1