Finward Bancorp
Description
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 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, custodial services, guardianships, IRA 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. The company was formerly known as NorthWest Indiana Bancorp and changed its name to Finward Bancorp in May 2021. Finward Bancorp was founded in 1916 and is headquartered in Munster, Indiana.
About
CEO
Mr. Benjamin J. Bochnowski
Employees
276
Instrument type
Common Stock
Sector
Financial Services
Industry
Banks - Regional
MIC code
XNCM
Address
9204 Columbia Avenue, Munster, IN 46321, United States
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![Enlarged Chart]()
Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Jan 26, 2026 | — | — | — | — |
| Oct 28, 2025 | — | — | — | — |
| Jul 22, 2025 | — | — | — | — |
| Apr 22, 2025 | — | — | — | — |
| Oct 30, 2024 | 0.18 | 0.14 | -0.04 | -22.22% |
Earnings estimate
|
Current Quarter
(Mar 2025)
|
Next Quarter
(Jun 2025)
|
Current Year
(Dec 2025)
|
Next Year
(Dec 2026)
|
|
|---|---|---|---|---|
| Number of analysts | 1 | 2 | 2 | 2 |
| Average estimate | 0.16 | 0.24 | 1.11 | 1.84 |
| Low estimate | 0.16 | 0.19 | 1.10 | 1.73 |
| High estimate | 0.16 | 0.28 | 1.12 | 1.95 |
| Last year EPS | -0.23 | 0.03 | 0.23 | 1.11 |
[stock_revenue_estimate]
Growth estimates
Current qtr (Mar 2025)
141.700%
Next qtr. (Jun 2025)
773.610%
Current year (Dec 2025)
382.820%
Next year (Dec 2026)
65.770%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 65.30M | 78.66M | 64.52M | 64.03M | 53.83M |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 30.50M | 32.13M | 26.19M | 24.38M | 20.84M |
| Other operating expenses | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | — | — | — | — | — |
| Other income expense | — | — | — | — | — |
| Pretax income | 8.05M | 16.56M | 16.38M | 18.71M | 13.86M |
| Tax provision | -335,000 | 1.48M | 1.41M | 2.77M | 1.76M |
| Net income | 8.38M | 15.08M | 14.96M | 15.93M | 12.10M |
| Basic EPS | 1.96 | 3.61 | 4.30 | 4.79 | 3.50 |
| Diluted EPS | 1.96 | 3.60 | 4.30 | 4.79 | 3.50 |
| Basic average shares | 4.28M | 4.18M | 3.48M | 3.46M | 3.45M |
| Diluted average shares | 4.28M | 4.18M | 3.48M | 3.46M | 3.45M |
| EBITDA | — | — | — | — | — |
| Net income from continuing op. | 8.38M | 15.08M | 14.96M | 15.93M | 12.10M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | — | — | — | — | — |
| Current assets | |||||
| Cash | 17.94M | 19.97M | 12.73M | 14.01M | 20.96M |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 85.59M | 33.63M | 34.42M | 21.82M | 33.88M |
| Other short term investments | 371.37M | 370.90M | 526.89M | 410.67M | 277.22M |
| Accounts receivable | 8.05M | 7.42M | 5.44M | 4.71M | 4.03M |
| Other receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Prepaid assets | — | — | — | — | — |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | — | — | — | — | — |
| Non current assets | |||||
| Properties | — | — | — | — | — |
| Land and improvements | 11.77M | 11.77M | 8.93M | 8.93M | 8.94M |
| Machinery furniture equipment | 19.40M | 19.43M | 18.72M | 18.07M | 16.90M |
| Construction in progress | — | — | — | — | — |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -34.53M | -31.75M | -32.11M | -29.61M | -27.30M |
| Goodwill | 48.06M | 49.58M | 25.34M | 26.34M | 22.22M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 3.27M | 4.79M | 3.13M | 4.12M | — |
| Investments and advances | 371.37M | 370.90M | 526.89M | 410.67M | 277.22M |
| Other non current assets | — | — | — | — | — |
| Total liabilities | — | — | — | — | — |
| Current liabilities | |||||
| Accounts payable | — | — | — | — | — |
| Accrued expenses | — | 23.43M | 15.35M | 22.40M | 14.75M |
| Short term debt | — | — | — | — | — |
| Deferred revenue | — | — | — | — | — |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 80.00M | 120.00M | — | 6.15M | 14.00M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | — | — | — | — | — |
| Shareholders equity | |||||
| Common stock | — | — | — | — | — |
| Retained earnings | 129.40M | 131.66M | 121.91M | 111.26M | 100.19M |
| Other shareholders equity | -51.61M | -64.30M | 4.28M | 10.44M | 4.26M |
| Total shareholders equity | 147.35M | 136.39M | 156.62M | 151.69M | 134.10M |
| Additional paid in capital | 69.56M | 69.03M | 30.43M | 29.99M | 29.66M |
| Treasury stock | — | — | — | — | — |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||||||
| Net Income | 8.38M | 15.08M | 14.96M | 15.93M | 12.10M | 9.34M | 8.96M | 9.14M | 7.85M | 7.39M | 7.12M | 6.85M | 5.39M | 5.18M | 2.49M | 5.93M | 5.59M | 6.48M | 6.67M | 6.29M | 5.94M | 5.49M | 4.71M | 4.37M | 4.20M | 3.76M | 3.42M | 2.19M |
| Depreciation | 7.16M | 5.97M | 4.56M | 3.20M | 1.95M | 2.66M | 2.61M | 2.55M | 2.32M | 2.03M | 2.13M | 2.41M | 2.33M | 2.15M | 1.60M | 1.43M | 1.47M | 1.53M | 1.69M | 1.55M | 1.07M | 1.33M | 1.01M | 912,000 | 900,000 | 908,000 | 710,000 | 553,416 |
| Deferred Taxes | -673,000 | 1.19M | 137,000 | 572,000 | 1.17M | 256,000 | 266,000 | 125,000 | -668,000 | 316,000 | 509,000 | 152,000 | 318,000 | -988,000 | -454,000 | — | — | — | — | — | — | — | -349,000 | 5,000 | -300,000 | — | -88,000 | -61,093 |
| Stock-Based Compensation | 719,000 | 741,000 | 574,000 | 415,000 | 238,000 | 132,000 | 192,000 | 142,000 | 96,000 | 61,000 | 40,000 | 16,000 | 33,000 | 36,000 | 40,000 | 57,000 | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | 1.53M | 3.95M | 10.36M | 716,000 | -1.44M | 64,000 | 1.67M | 1.73M | 1.71M | -2.20M | 467,000 | -661,000 | -278,000 | 1.46M | — | 2.49M | 741,000 | 171,000 | 265,000 | 381,000 | 1.09M | 1.07M | -103,000 | 312,000 | 300,000 | -634,000 | 235,000 | 140,355 |
| Accounts Receivable | 2.11M | -141,000 | -731,000 | -684,000 | -397,000 | -369,000 | -176,000 | -86,000 | -273,000 | -247,000 | 3,000 | 71,000 | 37,000 | 287,000 | 282,000 | 134,000 | — | — | — | — | — | — | — | — | — | -103,000 | -42,000 | -60,798 |
| Accounts Payable | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | 3.00M | -5.08M | 1.78M | -1.82M | -5.41M | 1.04M | -455,000 | -858,000 | -49,000 | 281,000 | 380,000 | 1.18M | 876,000 | 1.21M | -4.89M | -1.03M | — | — | — | — | — | — | — | — | — | 396,000 | 924,000 | -344,826 |
| Operating Cash Flow | 22.22M | 21.70M | 31.65M | 18.34M | 8.21M | 13.12M | 13.07M | 12.74M | 10.98M | 7.63M | 10.65M | 10.02M | 8.70M | 9.33M | -935,000 | 9.01M | 7.80M | 8.17M | 8.63M | 8.22M | 8.10M | 7.89M | 5.27M | 5.60M | 5.10M | 4.33M | 5.16M | 2.42M |
| Investing Activities | ||||||||||||||||||||||||||||
| Capital Expenditures | -349,000 | -1.23M | -3.13M | -3.74M | -2.80M | -1.01M | -1.66M | -1.71M | -1.31M | -859,000 | -893,000 | -797,000 | -417,000 | -1.70M | -1.93M | -3.77M | -3.05M | -1.36M | -1.69M | -994,000 | -6.01M | -2.16M | -1.07M | -2.20M | -600,000 | 20,000 | 135,000 | -2.31M |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | 33.80M | — | — | 52.56M | 18.26M | — | — | 17.00M | 2.63M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Purchase of Investments | -123,000 | -30.42M | -221.24M | -243.35M | -93.21M | -58.63M | -89.40M | -98.63M | -78.00M | -68.78M | -81.69M | -80.38M | -88.69M | -69.83M | -68.43M | -54.46M | -54.25M | -25.26M | -29.07M | -47.43M | -48.95M | -11.68M | -75.42M | -1.55M | -19.80M | -24.07M | -28.60M | -15.16M |
| Sale of Investments | 14.81M | 95.48M | 99.19M | 118.36M | 69.53M | 57.10M | 81.38M | 93.67M | 72.82M | 55.39M | 65.17M | 79.76M | 67.06M | 82.83M | 53.90M | 39.77M | 40.16M | 16.66M | 17.49M | 30.17M | 41.32M | 22.85M | 45.41M | 5.69M | 13.60M | 14.98M | 11.16M | 13.13M |
| Investing Cash Flow | 14.41M | 96.03M | -123.92M | -127.87M | 26.81M | 16.68M | -8.86M | -6.32M | 11.90M | -11.30M | -20.93M | 2.42M | -18.38M | 15.56M | -16.06M | -41.14M | -13.92M | -14.58M | -48.44M | -50.79M | -43.17M | -29.03M | -48.86M | -28.75M | -29.80M | -9.07M | -17.30M | -26.93M |
| Financing Activities | ||||||||||||||||||||||||||||
| Long-Term Debt Issuance | 80.00M | 120.00M | — | 2.36M | — | 77.00M | 9.00M | 11.00M | 11.11M | 47.98M | 9.42M | 2.49M | 10.00M | 13.00M | 8.00M | 36.00M | 33.43M | 31.85M | 12.00M | 3.31M | — | — | — | — | — | 23.32M | 40.04M | 17.60M |
| Long-Term Debt Payments | -120.00M | — | -6.15M | -8.00M | -29.13M | -54.55M | -16.65M | -29.18M | -8.00M | -41.00M | -14.00M | -5.00M | -6.61M | -27.40M | -19.77M | -38.14M | -8.00M | -31.50M | -18.05M | — | -170,000 | — | — | — | — | — | -22.00M | — |
| Other Financing Charges | — | 922,000 | 870,000 | — | — | -4.12M | — | — | — | — | — | — | — | — | — | 6,000 | 17,000 | 15,000 | — | — | — | — | — | — | — | — | — | — |
| Financing Cash Flow | -45.34M | 115.85M | -9.59M | -9.93M | -33.21M | 14.89M | -10.91M | -21.32M | 150,000 | 4.27M | -7.05M | -4.37M | 1.82M | -16.45M | -15.03M | -6.21M | 21.44M | -3.49M | -9.67M | 12.91M | 1.59M | -11.93M | 11.62M | 9.46M | -1.00M | 21.28M | 16.29M | 16.08M |
| Other Cash Details | ||||||||||||||||||||||||||||
| End Cash Position | 86.01M | 31.28M | 33.18M | 19.92M | 47.26M | 17.14M | 11.03M | 44.22M | 11.53M | 21.96M | 19.79M | 33.75M | 26.37M | 10.94M | 13.22M | 11.30M | 12.11M | 15.76M | 39.83M | 16.40M | 16.07M | 35.20M | 16.90M | 17.42M | 14.60M | 27.34M | 10.65M | 6.51M |
| Income Tax Paid | 241,000 | 1.35M | 2.19M | 1.03M | 1.61M | 1.13M | 1.90M | 2.66M | 2.04M | 1.40M | 2.07M | 2.12M | 776,000 | 1.75M | 990,000 | 1.89M | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | 28.53M | 4.57M | 2.11M | 5.87M | 9.10M | 4.95M | 2.59M | 2.35M | 2.02M | 1.82M | 1.74M | 2.36M | 3.25M | 5.06M | 8.95M | 12.92M | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 23.06M | 14.70M | 13.92M | 16.00M | 7.92M | 9.53M | 10.64M | 8.68M | 8.15M | 8.72M | 10.17M | 7.73M | 14.40M | 12.78M | -682,000 | 8.00M | 5.19M | 5.21M | 5.44M | 6.88M | 1.29M | 5.47M | 4.52M | 3.15M | 4.60M | 3.75M | 4.70M | 42,828 |
Top Institutional Holders
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|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 114,714 | 3.07M | 3.30% |
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| iShares Micro Cap ETF | Nov 30, 2024 | 9,452 | 252,841 | 0.27% |
| Fidelity Total Market Index Fund | Nov 30, 2024 | 6,571 | 175,774 | 0.19% |
| Fidelity Series Total Market Index Fund | Nov 30, 2024 | 4,987 | 133,402 | 0.14% |
| Dimensional ETF Tr-Dimensional U.S. Core Equity 2 ETF | Oct 31, 2024 | 4,143 | 110,825 | 0.12% |
| DFA U.S. Targeted Value Portfolio | Oct 31, 2024 | 2,970 | 79,447 | 0.09% |
| Vanguard Institutional Index-Inst Total Stock Market Ind | Sep 30, 2024 | 2,353 | 62,942 | 0.07% |
| Fidelity NASDAQ Composite Index Fund | Nov 30, 2024 | 2,064 | 55,212 | 0.06% |
Article
Finward Bancorp Announces Earnings for the Quarter and Twelve Months Ended December 31, 2024
MUNSTER, Ind., Jan. 28, 2025 (GLOBE NEWSWIRE) -- Finward Bancorp (Nasdaq: FNWD) (the “Bancorp”), the holding company for Peoples Bank (the “Bank”), today announced that net income available to common stockholders was $12.1 million, or $2.84 per diluted share, for the twelve months ended December 31, 2024, as compared to $8.4 million, or $1.96 per diluted share, for the corresponding prior year period. For the three months ended December 31, 2024, the Bancorp's net income totaled $2.1 million, or $0.49 per diluted share, as compared to $606 thousand, or $0.14 per diluted share, for the three months ended September 30, 2024, and as compared to $1.5 million, or $0.35 per diluted share, for the three months ended December 31, 2023. Selected performance metrics are as follows for the periods presented:
Jan 28, 2025
Article
Finward Bancorp Announces Fourth Quarter Dividend
Munster, Ind., Dec. 20, 2024 (GLOBE NEWSWIRE) -- Finward Bancorp (Nasdaq: FNWD) (the “Bancorp” or “Finward”), the holding company for Peoples Bank (the “Bank”), today announced that on December 20, 2024 the Board of Directors of Finward declared a dividend of $0.12 per share on Finward's common stock payable on February 3, 2025 to shareholders of record at the close of business on January 21, 2025.
Dec 20, 2024
Article
Finward Bancorp Announces Earnings for the Quarter and Nine Months Ended September 30, 2024
MUNSTER, Ind., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Finward Bancorp (Nasdaq: FNWD) (the “Bancorp”), the holding company for Peoples Bank (the “Bank”), today announced that net income available to common stockholders was $10.0 million, or $2.35 per diluted share, for the nine months ended September 30, 2024, as compared to $6.9 million, or $1.60 per diluted share, for the corresponding prior year period. For the quarter ended September 30, 2024, the Bancorp's net income totaled $606 thousand, or $0.14 per diluted share, as compared to $143 thousand, or $0.03 per diluted share, for the three months ended June 30, 2024, and as compared to $2.2 million, or $0.51 per diluted share, for the three months ended September 30, 2023. Selected performance metrics are as follows for the periods presented:
Oct 29, 2024
