Finward Bancorp (FNWD) Revenue History
Annual and quarterly revenue from 1996 to present
FNWD Revenue Over Time (1996–2025)
FNWD Revenue Growth History
20 of 29 years with positive growth- FY1996 revenue growth
- N/A
- FY1997 revenue growth
- +7.9%
- FY1998 revenue growth
- +5.8%
- FY1999 revenue growth
- +98.3%
- FY2000 revenue growth
- +10.2%
- FY2001 revenue growth
- +2.5%
- FY2002 revenue growth
- -1.2%
- FY2003 revenue growth
- -3.7%
- FY2004 revenue growth
- +2.0%
- FY2005 revenue growth
- +12.2%
- FY2006 revenue growth
- +16.8%
- FY2007 revenue growth
- +2.6%
- FY2008 revenue growth
- -1.3%
- FY2009 revenue growth
- -4.8%
- FY2010 revenue growth
- -4.7%
- FY2011 revenue growth
- -7.7%
- FY2012 revenue growth
- +1.1%
- FY2013 revenue growth
- -6.2%
- FY2014 revenue growth
- +5.5%
- FY2015 revenue growth
- +8.9%
- FY2016 revenue growth
- +10.4%
- FY2017 revenue growth
- +2.7%
- FY2018 revenue growth
- +18.1%
- FY2019 revenue growth
- +29.6%
- FY2020 revenue growth
- +10.9%
- FY2021 revenue growth
- -4.5%
- FY2022 revenue growth
- +25.4%
- FY2023 revenue growth
- +15.5%
- FY2024 revenue growth
- +15.8%
- FY2025 revenue growth
- -9.6%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $25.1M | — |
| Q4 2025 | $24.9M | — |
| Q3 2025 | $26.3M | — |
| Q2 2025 | $25.4M | — |
| Q1 2025 | $24.6M | — |
| Q4 2024 | $26.3M | — |
| Q3 2024 | $25.3M | — |
| Q2 2024 | $24.7M | — |
Multi-year avg. share of annual revenue by fiscal quarter
FNWD Revenue Analysis (1996–2025)
Current Revenue & Growth
As of July 8, 2026, Finward Bancorp (FNWD) generated trailing twelve-month (TTM) revenue of $101.6 million, reflecting modest growth of +2.3% year-over-year. The most recent quarter (Q1 2026) recorded $25.1 million in revenue, up 1.0% sequentially.
Historical Growth Trajectory
FNWD's 5-year compound annual growth rate (CAGR) stands at +7.7%, indicating steady revenue expansion. The 3-year CAGR of +6.6% is below the 5-year average, signalling a growth deceleration in recent years. Finward Bancorp's highest annual revenue of $111.8 million was recorded in 2024.
Peer Comparison
Compared to Financial Services sector peers — including CFBK, NECB, and HFBL. Compare FNWD vs CFBK →
FNWD Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| FNWDCurrent | $102M | +2.3% | +7.7% | 8.0% | |
 CFBK | $126M | - | - | 17.1% | |
 NECB | $157M | - | - | 39.6% | |
 HFBL | $32M | - | - | 14.4% | |
 CZWI | $90M | - | - | 7.0% | |
 FHN | $5.0B | - | - | 25.7% |
FNWD Historical Revenue Data (1996–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $101.1M | - | $66.2M | 65.6% | $8.1M | 8.0% |
| 2024 | $111.8M | - | $71.6M | 64.0% | $13.5M | 12.0% |
| 2023 | $96.5M | - | $63.3M | 65.6% | $8.0M | 8.3% |
| 2022 | $83.5M | - | $78.7M | 94.2% | $16.6M | 19.8% |
| 2021 | $66.6M | - | $63.0M | 94.6% | $16.4M | 24.6% |
| 2020 | $69.8M | - | $60.3M | 86.5% | $18.7M | 26.8% |
| 2019 | $62.9M | - | $51.2M | 81.4% | $13.9M | 22.0% |
| 2018 | $48.5M | - | $42.1M | 86.8% | $10.8M | 22.2% |
| 2017 | $41.1M | - | $37.3M | 90.8% | $11.8M | 28.8% |
| 2016 | $40.0M | - | $36.4M | 91.0% | $11.7M | 29.2% |
| 2015 | $36.2M | - | $33.3M | 91.8% | $9.7M | 26.6% |
| 2014 | $33.3M | - | $30.6M | 91.9% | $9.5M | 28.7% |
| 2013 | $31.5M | - | $29.3M | 93.1% | $9.5M | 30.2% |
| 2012 | $33.6M | - | $28.9M | 86.0% | $8.8M | 26.2% |
| 2011 | $33.2M | - | $26.5M | 79.7% | $6.6M | 19.8% |
Intrinsic Valuation
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Historical Returns
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Peer Comparison
Compare growth, multiples, and margins vs sector.
FNWD — Frequently Asked Questions
Quick answers to the most common questions about buying FNWD stock.
Is FNWD's revenue growth accelerating or slowing?
FNWD revenue growth is slowing. TTM revenue is $102M, up +2.3% year-over-year — below the 5-year CAGR of +7.7%. The deceleration suggests maturing end-markets or increased competition.
What is FNWD's revenue history from 1996 to 2026?
Finward Bancorp (FNWD) revenue history spans 1996 to 2026. TTM revenue as of 2026 is $102M, growing at +2.3% YoY. The 5-year CAGR is +7.7%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is FNWD's long-term revenue growth rate (CAGR)?
Finward Bancorp's 5-year revenue CAGR of +7.7% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of +2.3% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for FNWD.
Why does FNWD's quarterly revenue fluctuate?
FNWD quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Finward Bancorp's revenue data from 1996 to 2026 shows full historical quarterly detail on this page.
How is FNWD's revenue distributed by segment?
FNWD reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does FNWD's revenue compare to industry peers?
Finward Bancorp (FNWD) with TTM revenue of $102M and +2.3% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.