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Financials · FNWD

Finward Bancorp (FNWD) financials

For the twelve months ended Jun 30, 2026, Finward Bancorp reported $68.94M of revenue and $9.82M of net income.

Revenue, TTM
$68.94M
Revenue growth, YoY
+8.8%
Net income, TTM
$9.82M
Net income growth, YoY
+84.8%
Net margin
14.2%
Free cash flow, TTM
$16.55M
EPS, diluted, TTM
$2.27
EPS growth, YoY
+81.6%
P/E
19.42
P/S
2.76
Market cap
$190.6M
Annual revenue$66.04M
FY2016FY2025
Annual net income$8.09M
FY2016FY2025
Annual free cash flow$9.05M
FY2016FY2025

FNWD revenue and earnings growth

FNWD revenueQ2 2026$17.58M

Quarter YoY
+5.7%
QoQ
+0.5%
FY YoY
-7.1%
5Y CAGR
+0.6%
10Y CAGR
+6.8%

FNWD revenue was $17.58M in fiscal Q2 2026 (ended Jun 30, 2026), up 5.7% from a year earlier and up 0.5% from the prior quarter. For the full fiscal 2025 it was $66.04M, down 7.1% from fiscal 2024. Compound annual growth was +0.6% over 5 years and +6.8% over 10 years. It rose in 8 of the last 10 fiscal years.

FNWD net incomeQ2 2026$2.09M

Quarter YoY
-2.7%
QoQ
-6.6%
FY YoY
-33.3%
5Y CAGR
-12.7%
10Y CAGR
+0.3%

FNWD net income was $2.09M in fiscal Q2 2026 (ended Jun 30, 2026), down 2.7% from a year earlier and down 6.6% from the prior quarter. For the full fiscal 2025 it was $8.09M, down 33.3% from fiscal 2024. Compound annual growth was -12.7% over 5 years and +0.3% over 10 years. It rose in 6 of the last 10 fiscal years.

FNWD EPSQ2 2026$0.48

Quarter YoY
-4.0%
QoQ
-7.7%
FY YoY
-33.8%
5Y CAGR
-16.4%
10Y CAGR
-3.7%

FNWD diluted EPS was $0.48 in fiscal Q2 2026 (ended Jun 30, 2026), down 4.0% from a year earlier and down 7.7% from the prior quarter. For the full fiscal 2025 it was $1.88, down 33.8% from fiscal 2024. Compound annual growth was -16.4% over 5 years and -3.7% over 10 years.

FNWD free cash flowQ2 2026$4.50M

Quarter YoY
+0.2%
QoQ
+28.6%
FY YoY
+34.4%
5Y CAGR
-10.8%
10Y CAGR
+1.1%

FNWD free cash flow was $4.50M in fiscal Q2 2026 (ended Jun 30, 2026), up 0.2% from a year earlier and up 28.6% from the prior quarter. For the full fiscal 2025 it was $9.05M, up 34.4% from fiscal 2024. Compound annual growth was -10.8% over 5 years and +1.1% over 10 years. It rose in 6 of the last 10 fiscal years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$66.04M$71.09M$65.30M$78.66M$64.52M$64.03M$53.83M$43.46M$38.52M$37.67M
Interest expense--$31.23M$4.89M$2.08M$5.74M$9.09M$5.09M$2.59M$2.35M
Pre-tax income$8.11M$13.46M$8.04M$16.56M$16.38M$18.71M$13.86M$10.77M$11.83M$11.69M
Income tax$23.0K$1.32M-$335.0K$1.48M$1.41M$2.77M$1.76M$1.43M$2.87M$2.55M
Net income$8.09M$12.13M$8.38M$15.08M$14.96M$15.93M$12.10M$9.34M$8.96M$9.14M
EPS, basic$1.89$2.85$1.96$3.61$4.30$4.60$3.53$3.17$3.13$3.20
EPS, diluted$1.88$2.84$1.96$3.60$4.30$4.60$3.53$3.17$3.13$3.20
Diluted shares4.3M4.3M4.3M4.2M3.5M3.5M3.4M2.9M2.9M2.9M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents------$47.26M$17.14M$11.03M$44.22M
Goodwill$22.39M$22.39M$22.39M$22.39M$11.11M$11.11M$11.11M$8.17M$2.79M$2.79M
Total assets$2.02B$2.06B$2.11B$2.07B$1.62B$1.50B$1.33B$1.10B$927.26M$913.63M
Total debt-$65.00M$80.00M-------
Total liabilities$1.85B$1.91B$1.96B$1.93B$1.46B$1.34B$1.19B$994.69M$835.20M$829.52M
Shareholders' equity$174.66M$151.41M$147.34M$130.28M$156.62M$151.69M$133.54M$101.46M$92.06M$84.11M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$9.90M$9.80M$24.21M$17.73M$17.04M$19.74M$10.96M$10.54M$12.30M$10.39M
Capital expenditures$853.0K$3.07M$1.15M$3.03M$3.13M$3.73M$3.04M$1.01M$1.66M$1.71M
Free cash flow$9.05M$6.73M$23.06M$14.70M$13.91M$16.00M$7.92M$9.53M$10.64M$8.68M
Investing cash flow$94.88M$42.79M$15.02M-$1.13M-$125.93M-$185.06M-$28.17M-$31.17M-$47.84M-$21.28M
Financing cash flow-$55.72M-$68.02M$15.49M-$18.49M$122.14M$137.99M$47.34M$26.74M$2.34M$43.58M
Dividends paid$1.56M$2.07M$5.33M$5.08M$4.31M$4.29M$4.08M$3.43M$3.26M$3.14M
Stock-based compensation$447.0K$565.0K$719.0K$741.0K$574.0K$415.0K$301.0K$204.0K$192.0K$142.0K
Depreciation and amortization$6.19M$7.29M$7.16M$5.97M$4.56M$3.20M$1.89M$2.59M--

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY-7.1%8.9%-17.0%21.9%0.8%19.0%23.9%12.8%2.3%10.1%
Net income growth, YoY-33.3%44.7%-44.4%0.8%-6.1%31.7%29.6%4.2%-2.0%16.4%
EPS growth, YoY-33.8%44.9%-45.6%-16.3%-6.5%30.3%11.4%1.3%-2.2%16.4%
Net margin12.2%17.1%12.8%19.2%23.2%24.9%22.5%21.5%23.3%24.3%
Free cash flow margin13.7%9.5%35.3%18.7%21.6%25.0%14.7%21.9%27.6%23.0%
Return on equity4.6%8.0%5.7%11.6%9.6%10.5%9.1%9.2%9.7%10.9%
Return on assets0.4%0.6%0.4%0.7%0.9%1.1%0.9%0.9%1.0%1.0%
Debt to equity-0.430.54-------

Source: XBRL data Finward Bancorp files with the SEC, latest filing dated Aug 13, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

FNWD peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
FNWD$68.94M+8.8%$9.82M14.2%$190.6M
HSBC$68.27B+3.7%$23.13B33.9%$309.74B
EBC$1.19B+61.8%$381.02M32.1%$5.34B
AX$1.55B+23.0%$507.67M32.7%$5.33B
TFSL$343.73M+10.5%$102.06M29.7%$4.65B
PFS$924.11M+8.6%$310.15M33.6%$3.20B
BKU$1.13B+5.4%$273.97M24.3%$3.07B
CFFN$229.25M+19.4%$82.83M36.1%$1.08B

FNWD FAQ

7 questions
  • What is FNWD revenue?
    Finward Bancorp (FNWD) reported $68.94M of revenue for the twelve months ended Jun 30, 2026. That is up 8.8% from the year before. Revenue for fiscal 2025 was $66.04M.
  • Is FNWD profitable?
    Yes. Finward Bancorp earned $9.82M in net income for the twelve months ended Jun 30, 2026, a net margin of 14.2%.
  • How fast is FNWD revenue growing?
    Finward Bancorp's revenue changed -7.1% in fiscal 2025, to $66.04M. Its compound annual growth rate was +0.6% over 5 years and +6.8% over 10 years.
  • What is FNWD free cash flow?
    Finward Bancorp generated $16.55M of free cash flow for the twelve months ended Jun 30, 2026, which is operating cash flow of $17.31M less capital expenditures.
  • What is FNWD earnings per share?
    Diluted earnings per share were $2.27 for the twelve months ended Jun 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did FNWD last report financial results?
    The latest statements here come from Finward Bancorp's 10-Q filed on Aug 13, 2026, covering the period ended Jun 30, 2026.
  • Where does this FNWD financial data come from?
    Quantisnow builds these statements from the structured XBRL data Finward Bancorp files with the SEC. It is provided for information only and is not investment advice.