8-K Announcements
6Material company update
May 26, 2026·SEC
Material company update
Apr 28, 2026·SEC
Material company update
Mar 2, 2026·SEC
Finward Bancorp(FNWD)Earnings, Financials & Key Ratios
FNWD•NASDAQ•Banking & Credit
$36.13
19.2× P/E·Price updated Jul 7, 2026
AboutFinward 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 products 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 loans; consumer loans to individuals for personal, household, or family purposes; home equity line of credit; home improvement loans and equity loans; commercial business loans; government loans; and loans to municipalities. The company also offers estate and retirement planning services, guardianships, land trusts, profit sharing and 401(k) retirement plans, IRA and Keogh accounts, and investment agency accounts, as well as serves as the personal representative of estates, and acts as trustee for revocable and irrevocable trusts. In addition, it provides insurance and annuity investments to wealth management customers; holds real estate properties; and operates as a real estate investment trust. As of March 2, 2022, the company operated through 30 locations in Lake and Porter counties in Northwest Indiana and South Chicagoland. The company was formerly known as NorthWest Indiana Bancorp and changed its name to Finward Bancorp in May 2021. Finward Bancorp was incorporated in 1994 and is headquartered in Munster, Indiana.Show more
- Net Interest Income$57M+17.1%
- Total Revenue$101M-9.6%
- Net Income$8M-33.3%
- Return on Equity4.96%-38.9%
- Net Interest Margin2.81%+19.4%
- Efficiency Ratio57.53%+10.6%
- ROA0.4%-31.9%
- Equity / Assets8.64%+17.6%
- Book Value per Share40.69+14.8%
FNWD Price & Volume
Finward Bancorp (FNWD) stock price & volume — 10-year historical chart
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Persistent Margin Compression Challenges Finward Bancorp Recovery
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Mixed
Profitability:Strained
Financial:Adequate
Cash Flow:Mixed
Primary Risk:Geographic concentration and NIM
Key Thesis Takeaways
- Finward Bancorp is navigating a difficult transition characterized by stagnant net interest margins of 0.7% and significant operational rigidity, as evidenced by an efficiency ratio of 58.7% in 2026Q1.
- While the bank has successfully reversed net interest income contraction with 13.2% year-over-year growth, the reliance on liquidating investment securities to fund operations raises concerns regarding long-term earnings sustainability.
- Investors should monitor whether the bank can improve its core profitability metrics or if the current reliance on asset divestment will continue to mask underlying structural weaknesses.
Verdict Logic
while the bank shows signs of revenue stabilization, the persistent 0.7% net interest margin and 58.7% efficiency ratio suggest that fundamental profitability remains under significant pressure.
FNWD Growth Metrics
Finward Bancorp (FNWD) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years10.8%
5 Years7.69%
3 Years6.55%
TTM-
Profit CAGR
10 Years0.3%
5 Years-12.68%
3 Years-18.76%
TTM198.76%
EPS CAGR
10 Years-3.73%
5 Years-17.06%
3 Years-19.47%
TTM196.06%
Return on Capital
10 Years7.89%
5 Years5.61%
3 Years3.21%
Last Year1.28%
FNWD Recent Earnings
Finward Bancorp (FNWD) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 7/12 qtrs (64%)●Beat Revenue 0/12 qtrs (0%)
Q2 2026Latest
Apr 28, 2026Metric
Actual
Est
EPS
$0.52-2.8%
$0.54
Rev
$17M-5.2%
$18M
Q1 2026
Jan 27, 2026Metric
Actual
Est
EPS
$0.46-24.6%
$0.61
Rev
$17M-9.5%
$18M
Q4 2025
Oct 28, 2025Metric
Actual
Est
EPS
$0.81+102.5%
$0.40
Rev
$17M-2.5%
$18M
Q3 2025
Jul 29, 2025Metric
Actual
Est
EPS
$0.50+92.3%
$0.26
Rev
$17M-1.9%
$17M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 28, 2026 | $0.52vs $0.54-2.8% | $17Mvs $18M-5.2% |
| Q1 2026 | Jan 27, 2026 | $0.46vs $0.61-24.6% | $17Mvs $18M-9.5% |
| Q4 2025 | Oct 28, 2025 | $0.81vs $0.40+102.5% | $17Mvs $18M-2.5% |
| Q3 2025 | Jul 29, 2025 | $0.50vs $0.26+92.3% | $17Mvs $17M-1.9% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Finward Bancorp (FNWD)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $36.13 | $156.44M | 19.22 | -9.63% | 8% | 4.96% | 1% | |
| $31.64 | $203.54M | 11.76 | 3.06% | 14.27% | 9.76% | — | |
| $26.75 | $370.06M | 8.23 | -1.55% | 28.51% | 12.62% | — | |
| $22.90 | $69.93M | 18.17 | -2.88% | 17.78% | 10.42% | — | |
| $23.29 | $224.61M | 15.95 | -9.41% | 16.49% | 8% | — | |
| $25.76 | $12.23B | 13.70 | 0.97% | 22.31% | 11.07% | — |
Compare FNWD vs Peers
Finward Bancorp (FNWD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
FNWD SEC Filings & Documents
Finward Bancorp (FNWD) SEC filings — annual & quarterly reports (10-K, 10-Q)
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FNWD Frequently Asked Questions
Finward Bancorp (FNWD) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
How fast is Finward Bancorp growing?
Finward Bancorp (FNWD) saw revenue decline by 9.6% over the past year.
Is FNWD profitable?
Yes, Finward Bancorp (FNWD) is profitable, generating $9.9M in net income for fiscal year 2025 (8.0% net margin).
Dividend & Returns
Does FNWD pay dividends?
Yes, Finward Bancorp (FNWD) pays a dividend with a yield of 1.00%. This makes it attractive for income-focused investors.
What is FNWD's return on equity?
Finward Bancorp (FNWD) has a return on equity (ROE) of 5.0%. This is below average, suggesting room for improvement.
Industry Metrics
What is Finward Bancorp's net interest margin?
Finward Bancorp (FNWD) has a net interest margin (NIM) of 2.8%. NIM has been under pressure due to interest rate environment.
What is Finward Bancorp's efficiency ratio?
Finward Bancorp (FNWD) has an efficiency ratio of 57.5%. This is reasonable for a bank.