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Home CompaniesFinward Bancorp

Finward Bancorp

Financial Services Banks - Regional
PortfolioPortfolio WatchlistWatchlist
Company price
44.34 USD 0.60 ( 1.37%)
Last update at 2026-11-09T20:30:00Z
VOLUME
12515
Market Cap
188.66M
P/E
19.27

Momentum Score

…

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.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
43.68
Low
44.45
High
52 Week Price Range
29.94
Low
45.90
High

Momentum Score

…
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Finward Bancorp (NASDAQ: FNWD) is a U.S. bank holding company associated with community banking operations; public disclosures are limited and details vary across filings. Its long-term growth drivers may include lending expansion, deposit growth and net interest margin improvement as macro rates evolve, which could appeal to investors seeking regional banking exposure and yield sensitivity.
Primary investment risks include credit-quality deterioration, interest-rate and liquidity sensitivity, regulatory and compliance requirements, and limited scale that may increase competitive and execution risk.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
43.74
Dividend Yield
1.10%
Revenue TTM
69.00M
Revenue Per Share
16.14
Gross Profit TTM
69.00M
Debt / Equity
0.48
ROE
5.90%
Net Debt
66.44M
ROCE
0.80%
Diluted EPS TTM
2.26

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 8.11M 13.46M 8.04M 16.56M 16.38M
Net income 8.09M 12.13M 8.38M 15.08M 14.96M
Selling general administrative 37.75M 29.53M 29.66M 30.22M 25.10M
Selling and marketing expenses 0.79M 0.80M 0.84M 1.91M 1.08M
Gross profit 66.25M 71.60M 63.28M 78.66M 64.52M
Reconciled depreciation 6.19M 7.29M 6.35M 5.97M 4.56M
Ebit - 13.46M 8.04M 15.48M 16.38M
Ebitda 8.11M 20.75M 15.21M 21.44M 20.94M
Depreciation and amortization - 7.29M 7.16M 5.97M 4.56M
Operating income 8.11M 13.46M 8.04M 15.48M 16.38M
Other operating expenses 92.95M 98.37M 88.48M 1.91M 48.15M
Interest expense 35.02M 40.73M 31.23M 4.89M 2.08M
Tax provision 0.02M 1.32M 0.07M 1.48M 1.41M
Interest income 91.76M 89.18M 83.39M 72.03M 50.66M
Net interest income 56.74M 48.45M 58.65M 67.15M 48.58M
Income tax expense 0.02M 1.32M -0.34M 1.48M 1.41M
Total revenue 101.06M 111.83M 96.53M 78.66M 64.52M
Total operating expenses 58.14M 58.14M 55.23M 1.91M -48.15M
Cost of revenue 34.81M 40.23M 33.25M - -
Total other income expense net - -9.04M -7.16M 1.08M -2.08M
Net income from continuing ops 8.09M 12.13M 10.83M 15.08M 14.96M
Net income applicable to common shares - - - 15.08M 15.10M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 2021.18M 2060.70M 2111.61M 2070.34M 1620.74M
Intangible assets 1.17M 1.86M 3.27M 4.79M 3.13M
Other current assets - - 94.05M - -20.45M
Total liab 1846.52M 1909.29M 1964.26M 1933.95M 1464.13M
Total stockholder equity 174.66M 151.41M 147.34M 136.39M 156.62M
Other current liab 973.33M 1760.57M 1274.12M - -
Common stock - - - - 156.62M
Capital stock 0.00M 0.00M 0.00M 0.00M 0.00M
Retained earnings 145.99M 139.46M 129.40M 131.66M 121.91M
Other liab - - - - 15.35M
Good will 22.39M 22.39M 22.39M 22.39M 11.11M
Other assets 159.98M - - 91.03M 482.73M
Cash 18.27M 69.93M 85.59M 31.28M 33.18M
Total current liabilities 1012.48M 1800.68M 1312.24M - 1434.20M
Net debt 66.44M 35.19M 32.53M 88.72M -33.18M
Short term debt 39.15M 40.12M 38.12M - -
Short long term debt total 84.70M 105.12M 118.12M 120.00M 14.00M
Other stockholder equity 70.33M 70.03M 69.56M 69.03M 30.43M
Property plant equipment - - - - 31.39M
Total current assets 1792.66M 411.86M 94.05M 1911.91M 565.51M
Long term investments 0.73M 333.55M 371.37M 370.90M 526.89M
Net tangible assets - - - - 156.62M
Short term investments 316.23M 334.21M 371.37M 370.90M 526.89M
Net receivables 1458.17M 7.72M 8.04M 7.42M 5.44M
Long term debt 45.00M 65.00M 80.00M 120.00M -
Inventory - - 77.96M - 961.28M
Accounts payable - - - 1775.02M 1434.20M
Accumulated other comprehensive income -41.66M -58.08M -51.61M -64.30M 4.28M
Non currrent assets other - 84.66M 1841.90M -370.90M -572.51M
Non current assets total 68.54M 1648.84M 2017.55M 67.40M 572.51M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments 35.95M 42.79M -10.86M -1.16M -118.16M
Change to liabilities - - - 0.00M 0.00M
Total cashflows from investing activities 94.88M 42.79M 15.02M - -109.20M
Net borrowings -20.00M -15.00M -40.00M - 3.98M
Total cash from financing activities -55.72M -68.02M 15.49M -18.49M 122.14M
Change to operating activities - - - - -4.70M
Net income 8.09M 12.13M 8.38M 15.08M 14.96M
Change in cash 49.06M -15.42M 54.73M -1.89M 13.25M
Begin period cash flow 70.58M 86.01M 31.28M 33.18M 19.92M
End period cash flow 119.65M 70.58M 86.01M 31.28M 33.18M
Total cash from operating activities 9.90M 9.80M 24.21M 17.76M 17.04M
Depreciation 6.19M 7.29M 7.16M 5.97M 4.56M
Other cashflows from investing activities 58.93M 18.51M 1.48M - 1.16M
Dividends paid 1.56M 2.07M 5.33M 5.08M 4.31M
Change to account receivables -0.06M 0.32M -0.62M -0.14M -0.73M
Sale purchase of stock - -0.09M -0.20M - -0.67M
Other cashflows from financing activities -34.01M -50.86M 61.02M -51.40M 132.45M
Change to netincome - - - - 6.86M
Capital expenditures 0.85M 3.07M 1.15M 3.03M 3.13M
Change in working capital -2.80M 5.18M 6.45M -8.70M -7.78M
Stock based compensation 0.45M 0.56M 0.72M 0.74M 0.57M
Other non cash items -1.46M -16.00M 2.17M 3.48M 4.58M
Free cash flow 7.65M 6.73M 23.06M 14.73M 13.91M

Peer Comparison*

Sector: Financial Services Industry: Banks - Regional

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
FNWD
Finward Bancorp		 0.60
1.37%		 44.34 19.27 12.45 2.73 1.06 3.68
DBSDY
DBS Group Holdings Ltd ADR		 4.37
2.02%		 220.25 20.00 17.57 7.54 3.17 13.19
CIHHF
China Merchants Bank Co Ltd Class H		 0.03
0.45%		 6.69 7.70 7.10 0.55 0.83 3.51
CIHKY
China Merchants Bank Co Ltd		 -0.05
0.14%		 34.68 7.79 7.20 0.55 0.85 3.51
UNCFF
UniCredit SpA		 5.05
5.86%		 91.30 11.53 10.27 5.72 1.83 8.22

Profile*

Finward Bancorp

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.

9204 Columbia Avenue, Munster, IN, United States, 46321

219 836 4400

https://www.ibankpeoples.com

296

Name Title Year Born
Mr. David A. Bochnowski Exec. Chairman 1946
Mr. Benjamin J. Bochnowski Pres, CEO & Director 1981
Mr. Peymon S. Torabi Exec. VP, CFO & Treasurer 1977
Mr. Robert T. Lowry Exec. VP & COO 1962
Ms. Leane English Cerven Exec. VP, Gen. Counsel, Chief Risk Officer & Corp. Sec. 1958
Mr. Todd M. Scheub Chief Revenue Officer 1968
Ms. Tanya A. Leetz Exec. VP and Chief Information & Technology Officer 1970
Mr. John J. Diederich Exec. Advisor 1953
Mr. Benjamin J. Bochnowski CEO & Director 1981
Mr. Todd M. Scheub President & Chief Banking Officer 1968

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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