Finward Bancorp Key Executives
This section highlights Finward Bancorp's key executives, including their titles and compensation details.
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Finward Bancorp Earnings
This section highlights Finward Bancorp's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
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| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|
Financial Statements
Access annual & quarterly financial statements for Finward Bancorp, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Revenue | $71.09M | $65.30M | $78.66M | $64.52M | $64.03M |
| Cost of Revenue | $- | $1.75M | $- | $- | $- |
| Gross Profit | $71.09M | $63.55M | $78.66M | $64.52M | $64.03M |
| Gross Profit Ratio | 100.00% | 97.32% | 100.00% | 100.00% | 100.00% |
| Research and Development Expenses | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $29.53M | $29.66M | $30.22M | $25.10M | $22.85M |
| Selling and Marketing Expenses | $799.00K | $840.00K | $1.91M | $1.08M | $732.00K |
| Selling General and Administrative Expenses | $49.11M | $30.50M | $32.12M | $26.19M | $23.59M |
| Other Expenses | $- | $34.80M | $-24.79M | $-74.33M | $-68.12M |
| Operating Expenses | $49.11M | $65.30M | $1.91M | $-48.15M | $-44.53M |
| Cost and Expenses | $49.11M | $65.30M | $1.91M | $-48.15M | $-44.53M |
| Interest Income | $- | $85.78M | $72.03M | $50.66M | $51.62M |
| Interest Expense | $- | $31.23M | $4.89M | $2.08M | $5.74M |
| Depreciation and Amortization | $- | $7.16M | $5.97M | $4.56M | $3.20M |
| EBITDA | $- | $15.21M | $22.53M | $20.94M | $21.91M |
| EBITDA Ratio | 0.00% | 23.29% | 28.64% | 32.45% | 34.21% |
| Operating Income | $22.49M | $15.21M | $15.48M | $16.38M | $19.50M |
| Operating Income Ratio | 31.63% | 23.29% | 19.68% | 25.38% | 30.45% |
| Total Other Income Expenses Net | $-9.04M | $-7.16M | $-1.53M | $-4.56M | $- |
| Income Before Tax | $13.46M | $8.04M | $16.56M | $16.38M | $19.50M |
| Income Before Tax Ratio | 18.93% | 12.32% | 21.05% | 25.38% | 30.45% |
| Income Tax Expense | $1.32M | $-335.00K | $1.48M | $1.41M | $2.89M |
| Net Income | $12.13M | $8.38M | $15.08M | $14.96M | $15.93M |
| Net Income Ratio | 17.06% | 12.83% | 19.17% | 23.19% | 24.88% |
| EPS | $2.84 | $1.96 | $3.61 | $4.30 | $4.60 |
| EPS Diluted | $2.84 | $1.96 | $3.60 | $4.30 | $4.60 |
| Weighted Average Shares Outstanding | 4.26M | 4.28M | 4.18M | 3.48M | 3.46M |
| Weighted Average Shares Outstanding Diluted | 4.27M | 4.28M | 4.19M | 3.48M | 3.46M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | March 31, 2025 | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $22.34M | $16.34M | $14.87M | $24.70M | $35.46M | $24.99M | $15.53M | $17.05M | $17.28M | $19.65M | $20.14M | $20.19M | $18.68M | $16.27M | $16.35M | $15.55M | $16.36M | $16.81M | $16.54M | $16.46M |
| Cost of Revenue | $- | $-580.00K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Gross Profit | $22.34M | $16.92M | $14.87M | $24.70M | $35.46M | $24.99M | $15.53M | $17.05M | $17.28M | $19.65M | $20.14M | $20.19M | $18.68M | $16.27M | $16.35M | $15.55M | $16.36M | $16.81M | $16.54M | $16.46M |
| Gross Profit Ratio | 100.00% | 103.55% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $- | $7.08M | $7.40M | $1.14M | $1.17M | $6.78M | $7.20M | $7.67M | $8.00M | $6.87M | $7.85M | $7.92M | $8.02M | $6.86M | $6.28M | $6.00M | $5.71M | $6.43M | $5.48M | $5.53M |
| Selling and Marketing Expenses | $86.00K | $220.00K | $209.00K | $212.00K | $158.00K | $191.00K | $235.00K | $159.00K | $255.00K | $284.00K | $587.00K | $380.00K | $219.00K | $357.00K | $334.00K | $195.00K | $199.00K | $168.00K | $176.00K | $180.00K |
| Selling General and Administrative Expenses | $86.00K | $11.95M | $7.61M | $10.50M | $10.35M | $6.97M | $7.44M | $7.83M | $8.26M | $7.15M | $8.44M | $8.30M | $8.24M | $7.21M | $6.61M | $6.20M | $5.91M | $6.60M | $5.66M | $5.71M |
| Other Expenses | $- | $- | $7.27M | $-5.26M | $-5.98M | $-5.71M | $-21.18M | $-22.34M | $-18.58M | $29.76M | $-3.88M | $-3.98M | $-24.15M | $-7.78M | $-3.91M | $-2.74M | $- | $18.66M | $- | $- |
| Operating Expenses | $86.00K | $11.95M | $14.87M | $5.26M | $5.98M | $5.71M | $-13.74M | $-14.51M | $-10.32M | $1.91M | $587.00K | $15.18M | $-15.91M | $1.08M | $334.00K | $195.00K | $199.00K | $732.00K | $176.00K | $180.00K |
| Cost and Expenses | $- | $11.95M | $24.94M | $24.57M | $25.21M | $23.84M | $-13.74M | $-14.51M | $-10.32M | $1.91M | $587.00K | $15.18M | $-15.91M | $1.08M | $334.00K | $195.00K | $199.00K | $732.00K | $176.00K | $180.00K |
| Interest Income | $- | $22.59M | $22.47M | $2.57M | $13.47M | $22.26M | $21.78M | $21.61M | $20.14M | $19.86M | $18.54M | $17.74M | $15.89M | $12.83M | $12.67M | $12.44M | $12.73M | $13.01M | $12.84M | $12.90M |
| Interest Expense | $9.03M | $9.99M | $10.47M | $1.02M | $1.04M | $959.00K | $8.64M | $7.57M | $5.47M | $3.05M | $1.03M | $442.00K | $359.00K | $370.00K | $466.00K | $563.00K | $681.00K | $904.00K | $1.15M | $1.49M |
| Depreciation and Amortization | $- | $- | $- | $-531.00K | $1.71M | $2.09M | $1.76M | $2.24M | $1.08M | $1.27M | $1.57M | $1.93M | $1.19M | $1.45M | $1.07M | $1.05M | $1.04M | $-40.00K | $1.02M | $1.17M |
| EBITDA | $- | $- | $- | $- | $11.96M | $- | $3.55M | $4.77M | $- | $5.28M | $6.70M | $6.95M | $- | $4.77M | $- | $- | $6.49M | $1.35M | $6.94M | $7.36M |
| EBITDA Ratio | 0.00% | 0.00% | 0.00% | 0.00% | 33.74% | 0.00% | 22.88% | 28.01% | 0.00% | 26.85% | 33.28% | 34.41% | 0.00% | 29.31% | 0.00% | 0.00% | 39.65% | 8.05% | 41.93% | 44.69% |
| Operating Income | $22.25M | $4.97M | $-12.96M | $19.44M | $10.75M | $19.28M | $1.79M | $2.54M | $6.95M | $5.78M | $6.16M | $5.40M | $2.77M | $3.69M | $4.27M | $4.53M | $6.12M | $4.59M | $7.06M | $7.68M |
| Operating Income Ratio | 99.62% | 30.44% | -87.14% | 78.70% | 30.32% | 77.16% | 11.55% | 14.88% | 40.24% | 29.43% | 30.59% | 26.73% | 14.82% | 22.67% | 26.13% | 29.12% | 37.44% | 27.33% | 42.68% | 46.65% |
| Total Other Income Expenses Net | $-21.64M | $-2.30M | $13.36M | $- | $- | $- | $- | $- | $- | $-3.29M | $-254.00K | $- | $- | $-1.44M | $- | $- | $- | $-2.42M | $- | $- |
| Income Before Tax | $617.00K | $2.67M | $399.00K | $134.00K | $10.25M | $1.15M | $1.79M | $2.54M | $2.56M | $4.00M | $5.13M | $5.02M | $2.41M | $3.32M | $3.81M | $4.06M | $5.44M | $3.69M | $5.91M | $6.19M |
| Income Before Tax Ratio | 2.76% | 16.35% | 2.68% | 0.54% | 28.91% | 4.62% | 11.55% | 14.88% | 14.82% | 20.37% | 25.46% | 24.85% | 12.90% | 20.39% | 23.28% | 26.12% | 33.27% | 21.95% | 35.74% | 37.60% |
| Income Tax Expense | $161.00K | $569.00K | $-207.00K | $-9.00K | $972.00K | $-356.00K | $-398.00K | $98.00K | $321.00K | $45.00K | $571.00K | $587.00K | $275.00K | $6.00K | $268.00K | $407.00K | $764.00K | $244.00K | $1.01M | $1.13M |
| Net Income | $456.00K | $2.10M | $606.00K | $143.00K | $9.28M | $1.51M | $2.19M | $2.44M | $2.24M | $3.96M | $4.56M | $4.43M | $2.13M | $3.31M | $3.54M | $3.65M | $4.68M | $3.45M | $4.90M | $5.06M |
| Net Income Ratio | 2.04% | 12.87% | 4.07% | 0.58% | 26.17% | 6.05% | 14.11% | 14.30% | 12.97% | 20.14% | 22.63% | 21.94% | 11.43% | 20.36% | 21.64% | 23.50% | 28.60% | 20.50% | 29.64% | 30.76% |
| EPS | $0.11 | $0.49 | $0.14 | $0.03 | $2.18 | $0.35 | $0.52 | $0.57 | $0.52 | $0.92 | $1.07 | $1.04 | $0.53 | $0.95 | $1.02 | $1.03 | $1.31 | $1.00 | $1.35 | $1.40 |
| EPS Diluted | $0.11 | $0.49 | $0.14 | $0.03 | $2.15 | $0.35 | $0.51 | $0.57 | $0.51 | $0.92 | $1.07 | $1.04 | $0.53 | $0.95 | $1.02 | $1.03 | $1.31 | $1.00 | $1.35 | $1.40 |
| Weighted Average Shares Outstanding | - | 4.30M | 4.26M | 4.26M | 4.26M | 4.30M | 4.25M | 4.25M | 4.34M | 4.30M | 4.24M | 4.24M | 4.02M | 3.48M | 3.48M | 3.48M | 3.47M | 3.45M | 3.46M | 3.46M |
| Weighted Average Shares Outstanding Diluted | - | 4.31M | 4.28M | 4.31M | 4.31M | 4.30M | 4.26M | 4.26M | 4.35M | 4.30M | 4.26M | 4.26M | 4.02M | 3.49M | 3.48M | 3.48M | 3.48M | 3.46M | 3.46M | 3.46M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $69.93M | $85.59M | $31.28M | $33.18M | $19.92M |
| Short Term Investments | $- | $371.37M | $370.90M | $526.89M | $410.67M |
| Cash and Short Term Investments | $69.93M | $81.91M | $31.28M | $560.07M | $430.59M |
| Net Receivables | $- | $- | $1.52B | $5.44M | $4.71M |
| Inventory | $- | $- | $1.83B | $-40.33M | $-27.07M |
| Other Current Assets | $- | $94.05M | $- | $- | $- |
| Total Current Assets | $70.58M | $175.96M | $1.91B | $565.51M | $435.30M |
| Property Plant Equipment Net | $47.26M | $38.44M | $40.21M | $31.39M | $30.79M |
| Goodwill | $22.39M | $22.39M | $22.39M | $11.11M | $11.11M |
| Intangible Assets | $1.86M | $3.27M | $4.79M | $3.13M | $4.12M |
| Goodwill and Intangible Assets | $24.25M | $25.67M | $27.19M | $14.23M | $11.11M |
| Long Term Investments | $- | $371.37M | $370.90M | $526.89M | $410.67M |
| Tax Assets | $- | $31.39M | $32.73M | $7.16M | $6.87M |
| Other Non-Current Assets | $-71.51M | $1.55B | $-403.63M | $-7.16M | $-6.87M |
| Total Non-Current Assets | $1.99B | $2.02B | $67.40M | $572.51M | $452.56M |
| Other Assets | $- | $-85.23M | $91.03M | $482.73M | $609.66M |
| Total Assets | $2.06B | $2.11B | $2.07B | $1.62B | $1.50B |
| Account Payables | $- | $- | $- | $- | $- |
| Short Term Debt | $- | $- | $- | $- | $- |
| Tax Payables | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $- | $- | $- |
| Other Current Liabilities | $40.90M | $1.29B | $- | $- | $- |
| Total Current Liabilities | $40.90M | $1.29B | $1.38B | $1.21B | $1.02B |
| Long Term Debt | $- | $80.00M | $120.00M | $- | $6.15M |
| Deferred Revenue Non-Current | $- | $- | $1.93B | $- | $619.00K |
| Deferred Tax Liabilities Non-Current | $- | $- | $3.49M | $4.31M | $5.53M |
| Other Non-Current Liabilities | $1.87B | $572.02M | $1.81B | $1.46B | $- |
| Total Non-Current Liabilities | $1.87B | $652.02M | $1.93B | $257.54M | $6.15M |
| Other Liabilities | $- | $14.44M | $-1.38B | $- | $-1.02B |
| Total Liabilities | $1.91B | $1.96B | $1.93B | $1.47B | $6.15M |
| Preferred Stock | $- | $- | $- | $- | $- |
| Common Stock | $- | $- | $- | $- | $- |
| Retained Earnings | $139.46M | $129.40M | $131.66M | $121.91M | $112.49M |
| Accumulated Other Comprehensive Income Loss | $-58.08M | $-51.61M | $-64.30M | $4.28M | $10.44M |
| Other Total Stockholders Equity | $70.03M | $69.56M | $69.03M | $30.43M | $29.99M |
| Total Stockholders Equity | $151.41M | $147.34M | $136.39M | $156.62M | $152.92M |
| Total Equity | $151.41M | $147.34M | $136.39M | $156.62M | $152.92M |
| Total Liabilities and Stockholders Equity | $2.06B | $2.11B | $2.07B | $1.62B | $1.50B |
| Minority Interest | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $2.06B | $2.11B | $2.07B | $1.62B | $1.50B |
| Total Investments | $654.00K | $742.75M | $741.79M | $1.05B | $821.34M |
| Total Debt | $- | $80.00M | $120.00M | $14.58M | $6.15M |
| Net Debt | $-4.93M | $-5.59M | $88.72M | $-18.59M | $-13.77M |
Balance Sheet Charts
| Breakdown | March 31, 2025 | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $18.56M | $69.93M | $23.07M | $82.50M | $71.17M | $85.59M | $70.80M | $115.67M | $54.78M | $31.28M | $38.30M | $79.30M | $54.50M | $33.18M | $30.82M | $68.62M | $68.01M | $19.92M | $84.45M | $97.31M |
| Short Term Investments | $330.13M | $654.00K | $350.03M | $339.58M | $346.23M | $371.37M | $339.28M | $368.14M | $377.90M | $370.90M | $359.04M | $400.47M | $464.32M | $526.89M | $531.01M | $473.93M | $422.87M | $410.67M | $324.18M | $294.72M |
| Cash and Short Term Investments | $348.69M | $70.58M | $373.10M | $83.21M | $71.78M | $-86.01M | $410.08M | $483.81M | $54.78M | $31.28M | $398.86M | $79.30M | $518.73M | $560.07M | $561.83M | $543.37M | $491.75M | $432.49M | $409.95M | $393.34M |
| Net Receivables | $1.50B | $- | $1.52B | $- | $- | $- | $7.86M | $- | $- | $1.51B | $6.85M | $- | $7.43M | $966.72M | $5.26M | $4.80M | $5.00M | $4.71M | $4.71M | $4.28M |
| Inventory | $- | $- | $- | $-1.60B | $-1.59B | $77.96M | $-79.51M | $-1.67B | $-1.59B | $1.83B | $-47.36M | $-94.57M | $-63.66M | $961.28M | $- | $- | $- | $- | $- | $- |
| Other Current Assets | $- | $- | $- | $90.90M | $79.36M | $94.05M | $- | $- | $- | $41.16M | $- | $- | $- | $40.33M | $467.36M | $536.63M | $591.55M | $530.93M | $701.47M | $741.68M |
| Total Current Assets | $1.85B | $70.58M | $1.89B | $90.90M | $79.36M | $94.05M | $417.94M | $483.81M | $54.78M | $1.91B | $405.71M | $79.30M | $526.16M | $1.51B | $1.03B | $1.08B | $1.09B | $968.13M | $1.12B | $1.14B |
| Property Plant Equipment Net | $46.68M | $47.26M | $47.91M | $48.70M | $47.80M | $38.44M | $38.81M | $39.20M | $39.73M | $40.21M | $43.87M | $45.98M | $45.77M | $31.39M | $29.98M | $30.05M | $30.56M | $30.79M | $29.60M | $28.91M |
| Goodwill | $22.39M | $22.39M | $22.39M | $22.39M | $22.39M | $22.39M | $22.39M | $22.39M | $22.39M | $22.39M | $22.61M | $22.61M | $22.77M | $11.11M | $11.11M | $11.11M | $11.11M | $11.11M | $11.11M | $11.11M |
| Intangible Assets | $1.64M | $1.86M | $2.20M | $2.56M | $2.91M | $3.27M | $3.64M | $4.01M | $4.40M | $4.79M | $5.19M | $5.59M | $6.00M | $3.13M | $3.37M | $3.62M | $3.87M | $4.12M | $- | $- |
| Goodwill and Intangible Assets | $24.03M | $24.25M | $24.60M | $24.95M | $25.31M | $25.67M | $26.03M | $26.41M | $26.80M | $27.19M | $27.80M | $28.20M | $28.77M | $14.23M | $14.48M | $14.73M | $14.98M | $11.11M | $11.11M | $11.11M |
| Long Term Investments | $- | $666.45M | $350.03M | $76.90M | $67.82M | $80.16M | $339.28M | $368.14M | $377.90M | $370.90M | $359.04M | $400.47M | $464.32M | $526.89M | $531.01M | $473.93M | $422.87M | $410.67M | $324.18M | $294.72M |
| Tax Assets | $- | $- | $- | $1.70B | $1.73B | $31.39M | $- | $302.52M | $- | $32.73M | $- | $-400.47M | $-59.37M | $7.16M | $-43.51M | $-41.38M | $-1.44B | $-154.19M | $-1.36B | $-1.34B |
| Other Non-Current Assets | $- | $-737.97M | $-350.03M | $132.28M | $122.42M | $1.84B | $-404.12M | $-368.14M | $-377.90M | $-403.63M | $-430.70M | $1.95B | $59.37M | $-565.43M | $43.51M | $41.38M | $1.44B | $154.19M | $1.36B | $1.34B |
| Total Non-Current Assets | $70.71M | $2.66B | $72.51M | $1.99B | $1.99B | $2.02B | $404.12M | $368.14M | $66.53M | $67.40M | $430.70M | $2.02B | $538.87M | $14.23M | $575.47M | $518.70M | $468.41M | $452.56M | $364.89M | $334.73M |
| Other Assets | $120.80M | $-666.45M | $113.37M | $- | $- | $- | $1.27B | $1.31B | $1.98B | $91.03M | $1.22B | $- | $1.03B | $100.17M | $- | $1.45M | $1.50M | $76.83M | $- | $- |
| Total Assets | $2.04B | $2.06B | $2.07B | $2.08B | $2.07B | $2.11B | $2.09B | $2.16B | $2.10B | $2.07B | $2.05B | $2.10B | $2.10B | $1.62B | $1.61B | $1.60B | $1.56B | $1.50B | $1.48B | $1.47B |
| Account Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Short Term Debt | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Current Liabilities | $- | $- | $29.58M | $- | $- | $1.31B | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Current Liabilities | $- | $43.60M | $29.58M | $969.64M | $959.19M | $1.31B | $969.21M | $997.41M | $1.10B | $1.38B | $291.08M | $16.38M | $331.09M | $1.21B | $278.51M | $277.83M | $20.58M | $18.77M | $16.22M | $18.28M |
| Long Term Debt | $- | $65.00M | $- | $85.00M | $90.00M | $80.00M | $100.00M | $150.00M | $100.00M | $120.00M | $56.17M | $- | $5.00K | $- | $- | $- | $- | $- | $12.00M | $12.00M |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $539.30M | $- | $- | $- | $1.93B | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $3.26M | $- | $- | $- | $3.49M | $- | $- | $- | $4.31M | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $- | $1.80B | $1.89B | $873.79M | $871.01M | $568.69M | $1.87B | $1.87B | $- | $1.81B | $1.88B | $1.61B | $1.94B | $1.46B | $1.18B | $1.17B | $- | $- | $- | $- |
| Total Non-Current Liabilities | $- | $1.87B | $1.89B | $958.79M | $961.01M | $651.96M | $100.00M | $196.40M | $100.00M | $1.93B | $1.93B | $1.61B | $5.00K | $257.54M | $1.18B | $1.17B | $- | $6.15M | $12.00M | $12.00M |
| Other Liabilities | $- | $- | $1 | $1 | $- | $- | $-969.21M | $-997.41M | $-1.10B | $-1.38B | $-291.08M | $-1.61B | $1.61B | $-4.31M | $- | $- | $1.41B | $1.32B | $1.30B | $1.30B |
| Total Liabilities | $1.89B | $1.91B | $1.92B | $1.93B | $1.92B | $1.96B | $100.00M | $196.40M | $100.00M | $1.93B | $1.93B | $16.38M | $1.94B | $1.46B | $1.46B | $1.45B | $1.41B | $1.34B | $1.33B | $1.33B |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Retained Earnings | $139.92M | $139.46M | $137.88M | $137.79M | $138.17M | $129.40M | $128.41M | $127.55M | $126.45M | $131.66M | $129.04M | $125.81M | $122.71M | $121.91M | $119.68M | $117.22M | $116.09M | $112.49M | $110.12M | $106.29M |
| Accumulated Other Comprehensive Income Loss | $-58.24M | $-58.08M | $-48.24M | $-58.94M | $-56.31M | $-51.61M | $-78.85M | $-60.19M | $-55.90M | $-64.30M | $-79.84M | $-57.78M | $-33.46M | $4.28M | $2.61M | $8.21M | $3.98M | $10.44M | $8.94M | $9.11M |
| Other Total Stockholders Equity | $70.13M | $70.03M | $69.92M | $69.78M | $69.73M | $69.56M | $69.48M | $69.38M | $69.18M | $69.03M | $68.83M | $68.62M | $68.39M | $30.43M | $30.28M | $30.14M | $30.07M | $29.99M | $29.88M | $29.77M |
| Total Stockholders Equity | $151.81M | $151.41M | $159.56M | $148.63M | $151.58M | $147.34M | $119.04M | $136.75M | $141.63M | $136.39M | $118.02M | $136.65M | $157.64M | $156.62M | $152.57M | $157.02M | $150.14M | $152.92M | $148.94M | $145.18M |
| Total Equity | $151.81M | $151.41M | $159.56M | $148.63M | $151.58M | $147.34M | $119.04M | $136.75M | $141.63M | $136.39M | $118.02M | $136.65M | $157.64M | $156.62M | $152.57M | $157.02M | $150.14M | $152.92M | $148.94M | $145.18M |
| Total Liabilities and Stockholders Equity | $2.04B | $2.06B | $2.07B | $2.08B | $2.07B | $2.11B | $2.09B | $2.16B | $2.10B | $2.07B | $2.05B | $2.10B | $2.10B | $1.62B | $1.61B | $1.60B | $1.56B | $1.50B | $1.48B | $1.47B |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $2.04B | $2.06B | $2.07B | $2.08B | $2.07B | $2.11B | $2.09B | $2.16B | $2.10B | $2.07B | $2.05B | $2.10B | $2.10B | $1.62B | $1.61B | $1.60B | $1.56B | $1.50B | $1.48B | $1.47B |
| Total Investments | $330.13M | $667.11M | $700.05M | $76.90M | $67.82M | $80.16M | $678.56M | $736.27M | $377.90M | $741.79M | $718.07M | $800.93M | $928.64M | $526.89M | $1.06B | $947.85M | $845.74M | $821.34M | $648.36M | $589.44M |
| Total Debt | $- | $65.00M | $128.04M | $127.97M | $131.14M | $118.12M | $100.00M | $196.40M | $100.00M | $120.00M | $56.17M | $24.54M | $5.00K | $14.58M | $23.84M | $24.40M | $- | $6.15M | $12.00M | $12.00M |
| Net Debt | $-18.56M | $-4.93M | $-71.10M | $45.47M | $59.96M | $32.53M | $29.20M | $80.73M | $45.22M | $88.72M | $17.88M | $-54.77M | $-54.50M | $-18.59M | $-6.98M | $-44.23M | $-68.01M | $-13.77M | $-72.45M | $-85.31M |
Annual Cash Flow
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Net Income | $12.13M | $8.38M | $15.08M | $14.96M | $16.60M |
| Depreciation and Amortization | $7.29M | $7.16M | $5.97M | $4.56M | $3.20M |
| Deferred Income Tax | $645.00K | $-673.00K | $1.19M | $137.00K | $690.00K |
| Stock Based Compensation | $565.00K | $719.00K | $741.00K | $574.00K | $415.00K |
| Change in Working Capital | $- | $6.38M | $-8.70M | $-7.78M | $5.15M |
| Accounts Receivables | $- | $2.10M | $-141.00K | $-731.00K | $-684.00K |
| Inventory | $- | $- | $- | $- | $- |
| Accounts Payables | $- | $- | $- | $- | $- |
| Other Working Capital | $- | $4.28M | $-8.56M | $-7.04M | $5.83M |
| Other Non Cash Items | $-10.83M | $-37.00K | $3.48M | $4.58M | $-4.83M |
| Net Cash Provided by Operating Activities | $9.80M | $21.93M | $17.76M | $17.04M | $21.15M |
| Investments in Property Plant and Equipment | $- | $-1.15M | $-3.03M | $-3.13M | $-3.73M |
| Acquisitions Net | $- | $799.00K | $33.80M | $-2.01M | $-57.98M |
| Purchases of Investments | $- | $-123.00K | $-30.42M | $-221.24M | $-243.35M |
| Sales Maturities of Investments | $27.35M | $14.81M | $95.48M | $99.19M | $118.36M |
| Other Investing Activities | $15.44M | $2.96M | $-96.99M | $1.26M | $141.00K |
| Net Cash Used for Investing Activities | $42.79M | $17.30M | $-1.16M | $-125.93M | $-186.56M |
| Debt Repayment | $-15.00M | $22.62M | $922.00K | $-5.28M | $-5.64M |
| Common Stock Issued | $- | $- | $- | $671.00K | $85.00K |
| Common Stock Repurchased | $- | $-196.00K | $-120.00K | $-671.00K | $-85.00K |
| Dividends Paid | $-2.07M | $-5.33M | $-5.08M | $-4.31M | $-4.29M |
| Other Financing Activities | $-50.95M | $-1.60M | $-14.22M | $131.73M | $147.92M |
| Net Cash Used Provided by Financing Activities | $-68.02M | $15.49M | $-18.49M | $122.14M | $138.07M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- |
| Net Change in Cash | $-15.42M | $54.73M | $-1.89M | $13.25M | $-27.34M |
| Cash at End of Period | $70.58M | $86.01M | $31.28M | $33.18M | $19.92M |
| Cash at Beginning of Period | $86.01M | $31.28M | $33.18M | $19.92M | $47.26M |
| Operating Cash Flow | $9.80M | $21.93M | $17.76M | $17.04M | $21.15M |
| Capital Expenditure | $- | $-1.15M | $-3.03M | $-3.13M | $-3.73M |
| Free Cash Flow | $6.73M | $20.79M | $14.73M | $13.91M | $17.41M |
Cash Flow Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $2.10M | $606.00K | $143.00K | $9.28M | $1.51M | $2.19M | $2.44M | $2.24M | $3.96M | $4.56M | $4.43M | $2.13M | $3.31M | $3.54M | $3.44M | $4.68M | $3.45M | $4.90M | $5.06M | $3.19M |
| Depreciation and Amortization | $1.76M | $2.10M | $1.72M | $1.71M | $2.09M | $1.76M | $2.24M | $1.08M | $1.27M | $1.57M | $1.93M | $1.19M | $1.27M | $1.14M | $1.11M | $1.04M | $-40.00K | $1.02M | $1.17M | $1.05M |
| Deferred Income Tax | $- | $- | $- | $- | $-673.00K | $52.00K | $288.00K | $- | $1.19M | $- | $- | $-988.00K | $-1.26M | $-1.68M | $-809.00K | $-1.89M | $289.00K | $-2.37M | $-2.84M | $-631.00K |
| Stock Based Compensation | $- | $138.00K | $133.00K | $172.00K | $73.00K | $98.00K | $241.00K | $307.00K | $206.00K | $203.00K | $163.00K | $169.00K | $146.00K | $274.00K | $76.00K | $78.00K | $106.00K | $107.00K | $108.00K | $9.00K |
| Change in Working Capital | $7.04M | $-2.08M | $-1.12M | $3.21M | $-3.21M | $1.32M | $8.07M | $204.00K | $-1.04M | $-1.18M | $-845.00K | $-5.63M | $-2.53M | $-2.80M | $-6.21M | $3.77M | $1.90M | $-2.14M | $746.00K | $4.64M |
| Accounts Receivables | $- | $253.00K | $-112.00K | $462.00K | $2.55M | $-150.00K | $3.00K | $-296.00K | $-572.00K | $43.00K | $2.37M | $-1.98M | $-185.00K | $-456.00K | $194.00K | $-284.00K | $1.00K | $-430.00K | $-170.00K | $-85.00K |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Accounts Payables | $-151.00K | $-751.00K | $810.00K | $-2.35M | $- | $- | $1.22M | $77.00K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Working Capital | $7.20M | $-1.58M | $-1.82M | $392.00K | $-5.76M | $1.47M | $8.07M | $500.00K | $-468.00K | $-1.23M | $-3.22M | $-3.65M | $-2.35M | $-2.35M | $-6.40M | $4.05M | $1.90M | $-1.71M | $916.00K | $4.73M |
| Other Non Cash Items | $-277.00K | $-4.48M | $1.88M | $-10.61M | $-29.00K | $-194.00K | $-82.00K | $122.00K | $542.00K | $596.00K | $38.00K | $3.84M | $-1.71M | $899.00K | $-1.38M | $6.91M | $-4.57M | $4.82M | $-5.02M | $636.00K |
| Net Cash Provided by Operating Activities | $10.63M | $-3.73M | $2.75M | $160.00K | $-245.00K | $5.22M | $13.20M | $3.95M | $6.13M | $5.75M | $5.17M | $722.00K | $484.00K | $3.04M | $-2.96M | $16.48M | $848.00K | $8.71M | $2.06M | $9.53M |
| Investments in Property Plant and Equipment | $-222.00K | $2.34M | $-1.63M | $-711.00K | $-364.00K | $-326.00K | $-241.00K | $-217.00K | $-375.00K | $-575.00K | $-862.00K | $-1.22M | $-2.11M | $-549.00K | $-91.00K | $-379.00K | $-1.65M | $-1.22M | $-666.00K | $-200.00K |
| Acquisitions Net | $- | $- | $-53.00K | $17.73M | $799.00K | $- | $- | $- | $-33.80M | $1.69M | $- | $33.80M | $-11.75M | $13.63M | $3.16M | $-7.05M | $11.00M | $5.70M | $-62.99M | $-11.69M |
| Purchases of Investments | $- | $- | $- | $- | $- | $- | $-123.00K | $- | $-11.71M | $-18.71M | $-989.00K | $-10.72M | $-30.11M | $-72.06M | $-64.53M | $-54.54M | $-113.85M | $-52.00M | $-32.53M | $-44.97M |
| Sales Maturities of Investments | $3.17M | $3.09M | $3.03M | $18.06M | $3.46M | $3.93M | $3.82M | $3.67M | $4.24M | $31.87M | $33.91M | $25.46M | $27.13M | $9.44M | $28.42M | $34.19M | $29.81M | $22.05M | $31.95M | $34.56M |
| Other Investing Activities | $-3.13M | $-4.87M | $2.00M | $21.18M | $12.85M | $7.68M | $-11.40M | $-6.43M | $30.43M | $-29.05M | $-1.46M | $-20.16M | $-11.65M | $13.92M | $3.98M | $-7.00M | $10.95M | $5.68M | $-62.74M | $-11.72M |
| Net Cash Used for Investing Activities | $-183.00K | $568.00K | $3.35M | $39.06M | $16.74M | $11.29M | $-7.95M | $-2.98M | $-11.22M | $-14.77M | $-2.33M | $27.16M | $-16.73M | $-49.25M | $-32.23M | $-27.73M | $-74.73M | $-25.49M | $-63.99M | $-22.34M |
| Debt Repayment | $-20.00M | $- | $-3.16M | $10.00M | $-50.19M | $-50.00M | $50.00M | $-7.08M | $63.83M | $56.17M | $- | $- | $-9.26M | $-555.00K | $8.48M | $-3.94M | $-11.29M | $1.99M | $2.17M | $1.49M |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $-67.94M | $157.00K | $37.98M | $- | $- | $- | $671.00K | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $- | $82.00K | $-82.00K | $- | $- | $- | $-39.00K | $-157.00K | $-57.36M | $- | $-5.00K | $-115.00K | $- | $- | $-63.00K | $-68.00K | $- | $-85.00K | $- | $- |
| Dividends Paid | $-517.00K | $-522.00K | $-515.00K | $-515.00K | $-1.33M | $-1.33M | $-1.33M | $-1.33M | $-1.33M | $-1.33M | $-1.33M | $-1.08M | $-1.08M | $-1.07M | $-1.08M | $-1.07M | $-1.07M | $-1.08M | $-1.07M | $-1.07M |
| Other Financing Activities | $8.83M | $-7.88M | $9.19M | $-62.93M | $49.38M | $-9.20M | $6.98M | $30.94M | $-64.41M | $-86.82M | $23.29M | $-5.36M | $28.00M | $11.10M | $28.34M | $64.36M | $21.72M | $2.94M | $115.99M | $7.27M |
| Net Cash Used Provided by Financing Activities | $-11.69M | $-8.40M | $5.51M | $-53.45M | $-2.14M | $-60.53M | $55.64M | $22.52M | $-1.92M | $-31.98M | $21.96M | $-6.56M | $17.65M | $9.34M | $35.81M | $59.34M | $9.36M | $3.93M | $117.09M | $7.69M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $-1.06M | $-11.56M | $11.43M | $-14.23M | $14.36M | $-44.02M | $60.89M | $23.50M | $-7.01M | $-41.01M | $24.80M | $21.32M | $1.41M | $-36.86M | $616.00K | $48.09M | $-64.53M | $-12.86M | $55.16M | $-5.11M |
| Cash at End of Period | $70.58M | $71.65M | $83.21M | $71.78M | $86.01M | $71.65M | $115.67M | $54.78M | $31.28M | $38.30M | $79.30M | $54.50M | $33.18M | $31.77M | $68.62M | $68.01M | $19.92M | $84.45M | $97.31M | $42.15M |
| Cash at Beginning of Period | $71.65M | $83.21M | $71.78M | $86.01M | $71.65M | $115.67M | $54.78M | $31.28M | $38.30M | $79.30M | $54.50M | $33.18M | $31.77M | $68.62M | $68.01M | $19.92M | $84.45M | $97.31M | $42.15M | $47.26M |
| Operating Cash Flow | $10.63M | $-3.73M | $2.56M | $160.00K | $-245.00K | $5.22M | $13.20M | $3.95M | $6.13M | $5.75M | $5.17M | $722.00K | $484.00K | $3.04M | $-2.96M | $16.48M | $848.00K | $8.71M | $2.06M | $9.53M |
| Capital Expenditure | $-222.00K | $-508.00K | $-1.63M | $-711.00K | $-364.00K | $-326.00K | $-241.00K | $-217.00K | $-375.00K | $-575.00K | $-862.00K | $-1.22M | $-2.11M | $-549.00K | $-91.00K | $-379.00K | $-1.65M | $-1.22M | $-666.00K | $-200.00K |
| Free Cash Flow | $10.58M | $-4.23M | $932.00K | $-551.00K | $-609.00K | $4.90M | $12.96M | $3.73M | $5.75M | $5.17M | $4.31M | $-497.00K | $-1.62M | $2.49M | $-3.06M | $16.10M | $-799.00K | $7.48M | $1.40M | $9.33M |
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 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.
$30.90
Stock Price
$133.63M
Market Cap
293
Employees
Munster, IN
Location
Revenue (FY 2024)
$71.09M
8.9% YoY
Net Income (FY 2024)
$12.13M
44.7% YoY
EPS (FY 2024)
$2.84
44.9% YoY
Free Cash Flow (FY 2024)
$6.73M
-67.6% YoY
Profitability
Gross Margin
100.0%
Net Margin
17.1%
ROE
8.0%
ROA
0.6%
Valuation
P/E Ratio
9.87
P/S Ratio
1.68
EV/EBITDA
0.00
Market Cap
$133.63M
Revenue & Net Income
Profit Margins
Cash Flow Summary
Operating Cash Flow
$9.80M
-55.3% YoY
Free Cash Flow
$6.73M
-67.6% YoY
Balance Sheet Summary
Total Assets
$2.06B
-2.3% YoY
Total Debt
$-
100.0% YoY
Shareholder Equity
$151.41M
3.1% YoY
Dividend Overview
$0.12
Latest Dividend
%
Dividend Yield
%
Payout Ratio
Recent Dividend History
| Date | Amount | Type |
|---|---|---|
| 2025-04-28 | $0.12 | April 28, 25 |
| 2025-01-21 | $0.12 | January 21, 25 |
| 2024-10-18 | $0.12 | October 18, 24 |
| 2024-07-19 | $0.12 | July 19, 24 |
| 2024-04-22 | $0.12 | April 22, 24 |
| 2024-01-22 | $0.12 | January 22, 24 |
| 2023-09-21 | $0.31 | September 21, 23 |
| 2023-06-22 | $0.31 | June 22, 23 |
| 2023-03-23 | $0.31 | March 23, 23 |
| 2022-12-27 | $0.31 | December 27, 22 |
Finward Bancorp Dividends
Explore Finward Bancorp's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
1.73%
Dividend Payout Ratio
17.06%
Dividend Paid & Capex Coverage Ratio
4.74x
Finward Bancorp Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.12 | $0.12 | April 28, 2025 | April 28, 2025 | May 12, 2025 | April 10, 2025 |
| $0.12 | $0.12 | January 21, 2025 | January 21, 2025 | February 03, 2025 | December 20, 2024 |
| $0.12 | $0.12 | October 18, 2024 | October 18, 2024 | October 31, 2024 | September 20, 2024 |
| $0.12 | $0.12 | July 19, 2024 | July 19, 2024 | August 01, 2024 | June 26, 2024 |
| $0.12 | $0.12 | April 22, 2024 | April 23, 2024 | May 06, 2024 | March 22, 2024 |
| $0.12 | $0.12 | January 22, 2024 | January 23, 2024 | February 05, 2024 | December 26, 2023 |
| $0.31 | $0.31 | September 21, 2023 | September 22, 2023 | October 05, 2023 | August 21, 2023 |
| $0.31 | $0.31 | June 22, 2023 | June 23, 2023 | July 06, 2023 | May 30, 2023 |
| $0.31 | $0.31 | March 23, 2023 | March 24, 2023 | April 06, 2023 | February 24, 2023 |
| $0.31 | $0.31 | December 27, 2022 | December 28, 2022 | January 06, 2023 | November 29, 2022 |
| $0.31 | $0.31 | September 27, 2022 | September 28, 2022 | October 05, 2022 | August 29, 2022 |
| $0.31 | $0.31 | June 23, 2022 | June 24, 2022 | July 07, 2022 | May 20, 2022 |
| $0.31 | $0.31 | March 24, 2022 | March 25, 2022 | April 04, 2022 | February 25, 2022 |
| $0.31 | $0.31 | December 28, 2021 | December 29, 2021 | January 07, 2022 | November 19, 2021 |
| $0.31 | $0.31 | September 23, 2021 | September 24, 2021 | October 05, 2021 | August 27, 2021 |
| $0.31 | $0.31 | June 24, 2021 | June 25, 2021 | July 07, 2021 | May 21, 2021 |
| $0.31 | $0.31 | March 25, 2021 | March 26, 2021 | April 08, 2021 | March 01, 2021 |
| $0.31 | $0.31 | December 24, 2020 | December 28, 2020 | January 08, 2021 | November 20, 2020 |
| $0.31 | $0.31 | September 24, 2020 | September 25, 2020 | October 02, 2020 | August 29, 2020 |
| $0.31 | $0.31 | June 25, 2020 | June 26, 2020 | July 03, 2020 | May 20, 2020 |
Finward Bancorp News
Read the latest news about Finward Bancorp, including recent articles, headlines, and updates.
Finward Bancorp Announces Earnings for the Quarter Ended March 31, 2025
MUNSTER, Ind., April 30, 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 $456 thousand, or $0.11 per diluted share, for the quarter ended March 31, 2025, as compared to $2.1 million, or $0.49 per diluted share for the quarter ended December 31, 2024, and as compared to $9.3 million or $2.17 per diluted share for the quarter ended March 31, 2024. Selected performance metrics are as follows for the periods presented:
FINWARD BANCORP ANNOUNCES DIVIDEND
Munster, Ind., April 10, 2025 (GLOBE NEWSWIRE) -- Finward Bancorp (Nasdaq: FNWD) (the “Bancorp” or “Finward”), the holding company for Peoples Bank (the “Bank”), today announced that on April 9, 2025 the Board of Directors of Finward declared a dividend of $0.12 per share on Finward's common stock payable on May 12, 2025 to shareholders of record at the close of business on April 28, 2025.
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:
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.
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:
FINWARD BANCORP ANNOUNCES THIRD QUARTER DIVIDEND
MUNSTER, Ind., Oct. 11, 2024 (GLOBE NEWSWIRE) -- – Finward Bancorp (Nasdaq: FNWD) (the “Bancorp” or “Finward”), the holding company for Peoples Bank (the “Bank”), today announced that on September 20, 2024 the Board of Directors of Finward declared a dividend of $0.12 per share on Finward's common stock payable on October 31, 2024 to shareholders of record at the close of business on October 18, 2024.
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FINWARD BANCORP ANNOUNCES THE APPOINTMENT OF THREE NEW DIRECTORS
MUNSTER, Ind., Sept. 05, 2024 (GLOBE NEWSWIRE) -- Finward Bancorp (Nasdaq: FNWD) (the “Bancorp” or “Finward”), the holding company for Peoples Bank, an Indiana state-chartered commercial bank (the “Bank”), today announced that the Boards of the Bancorp and the Bank have appointed Martin P. Alwin, Jennifer R. Evans, and Carolyn M. Burke to serve as directors of the Bancorp and the Bank, effective as of September 9, 2024. Mr. Alwin, Ms. Evans, and Ms. Burke each have a wealth of experience in the financial institutions industry, including in the areas of balance sheet management, enterprise risk management, legal and regulatory compliance, strategic initiatives, and finance. Mr. Alwin and Ms. Burke will serve on the Audit Committee of the Boards of the Bancorp and the Bank, and Ms. Evans will serve on the Risk Management and Compliance Committee.
Correcting and Replacing – Finward Bancorp Announces Earnings for the Quarter Ended June 30, 2024
MUNSTER, Ind., July 30, 2024 (GLOBE NEWSWIRE) -- Finward Bancorp (Nasdaq: FNWD) (the “Bancorp”), the holding company for Peoples Bank (the “Bank”), today announced corrections to its press release issued on July 24, 2024. Specifically, the following press release (i) corrects the “Performance Ratios” table set forth in the rear portion of the original press release to include line items for return on equity, return on assets, tax adjusted net interest margin, noninterest income / average assets, noninterest expense / average assets, and efficiency ratio which were inadvertently not included in the version of the original press release issued through the Bancorp's press release distribution service, and corrects the amounts disclosed in the line items in the table for basic earnings per share (from $0.03 to $2.21), diluted earnings per share ($0.03 to $2.21), and price to earnings per share ratio (from 730.40 to 5.54) under the column for the six months ended June 30, 2024 which were inadvertently included from a prior interim version of the press release; (ii) corrects calculations in the “Performance Ratios” and “Capital Adequacy Bank” tables for the line items common equity tier 1 capital to risk-weighted assets (from 11.23% to 10.94%), tier 1 capital to risk-weighted assets (from 11.23% to 10.94%), and total capital to risk-weighted assets (from 12.27% to 11.95%); (iii) corrects the “Balance Sheet” table set forth in the rear portion of the Original Earnings Release to include figures in the line item for Federal funds sold for the periods ended June 30, 2024, March 31, 2024, and December 31, 2023 which were inadvertently not included in the version of the original press release issued through the Bancorp's press release distribution service; and (iv) corrects the amount listed in the “Securities Portfolio” paragraph for securities yield for the three months ended (from 2.39% to 2.37%). The complete, corrected press release reads as follows:
Finward Bancorp Announces Earnings for the Quarter and Six Months Ended June 30, 2024
MUNSTER, Ind., July 24, 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 $9.4 million, or $2.21 per diluted share, for the six months ended June 30, 2024, as compared to $4.7 million, or $1.10 per diluted share, for the corresponding prior year period. For the quarter ended June 30, 2024, the Bancorp's net income totaled $143 thousand, or $0.03 per diluted share, as compared to $2.4 million, or $0.57 per diluted share, for the three months ended June 30, 2023. Selected performance metrics are as follows for the periods presented:
FINWARD BANCORP ANNOUNCES SECOND QUARTER DIVIDEND
MUNSTER, Ind., June 26, 2024 (GLOBE NEWSWIRE) -- Finward Bancorp (Nasdaq: FNWD) (the “Bancorp” or “Finward”), the holding company for Peoples Bank (the “Bank”), today announced that on June 21, 2024 the Board of Directors of Finward declared a dividend of $0.12 per share on Finward's common stock payable on August 1, 2024 to shareholders of record at the close of business on July 19, 2024.
Finward Bancorp Announces Earnings for the Quarter Ended March 31, 2024
MUNSTER, Ind., April 24, 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 $9.3 million, or $2.17 per diluted share, for the quarter ended March 31, 2024, as compared to $2.2 million, or $0.51 per diluted share, for the corresponding prior year period. Increases to our profitability results and performance ratio increases reported for quarter ended March 31, 2024 were primarily attributable to the pre-tax non-interest income gain of approximately $11.8 million from the previously-announced sale-leaseback transaction completed on February 22, 2024. Selected performance metrics are as follows for the periods presented:
BENJAMIN SCHMITT APPOINTED SENIOR VICE PRESIDENT, CHIEF FINANCIAL OFFICER OF FINWARD BANCORP AND PEOPLES BANK
Munster, Ind, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Finward Bancorp (Nasdaq: FNWD) (the “Bancorp” or “Finward”) and its wholly-owned subsidiary, Peoples Bank (the “Bank” or “Peoples”), announced today the appointment of Benjamin Schmitt as the Senior Vice President, Chief Financial Officer, and Treasurer of the Bancorp and the Bank, effective February 20, 2024.
Finward Bancorp Announces Earnings For the Twelve Months and Quarter Ended December 31, 2023
MUNSTER, Ind., Jan. 30, 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 $8.4 million, or $1.96 per diluted share, for the twelve months ended December 31, 2023, as compared to $15.1 million, or $3.60 per diluted share, for the year ended December 31, 2022. For the quarter ended December 31, 2023, the Bancorp's net income totaled $1.5 million, or $0.35 per diluted share, as compared to $4.0 million, or $0.93 per share, for the quarter ending December 31, 2022. Selected performance metrics are as follows for the periods presented:
FINWARD BANCORP ANNOUNCES FOURTH QUARTER DIVIDEND
MUNSTER, Ind., Dec. 26, 2023 (GLOBE NEWSWIRE) -- Finward Bancorp (Nasdaq: FNWD) (the “Bancorp” or “Finward”), the holding company for Peoples Bank (the “Bank”), today announced that on December 22, 2023 the Board of Directors of Finward declared a dividend of $0.12 per share on Finward's common stock payable on February 5, 2024 to shareholders of record at the close of business on January 23, 2024.
Finward Bancorp Announces Earnings for the Nine Months and Quarter Ended September 30, 2023
MUNSTER, Ind., Oct. 25, 2023 (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 $6.9 million, or $1.60 per diluted share, for the nine months ended September 30, 2023, as compared to $11.1 million, or $2.67 per diluted share, for the corresponding prior year period. For the quarter ended September 30, 2023, the Bancorp's net income totaled $2.2 million, or $0.51 per diluted share, as compared to $4.6 million, or $1.07 per share, for the quarter ending September 30, 2022. Selected performance metrics are as follows for the periods presented:
FINWARD BANCORP ANNOUNCES THIRD QUARTER DIVIDEND
MUNSTER, Ind., Aug. 22, 2023 (GLOBE NEWSWIRE) -- Finward Bancorp ("Finward"), the parent company for Peoples Bank, today announced that on August 21, 2023, the Board of Directors of Finward declared a dividend of $0.31 per share payable on October 5, 2023, with a record date of September 22, 2023.
Finward Bancorp Announces Earnings for the Six and Three Months Ended June 30, 2023
MUNSTER, Ind., July 26, 2023 (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 $4.7 million, or $1.09 per diluted share, for the six months ended June 30, 2023, as compared to $6.6 million, or $1.59 per diluted share, for the corresponding prior year period. For the three months ended June 30, 2023, the Bancorp's net income totaled $2.4 million, or $0.57 per diluted share, as compared to $4.4 million, or $1.04 per share, for the three months ending June 30, 2022. Selected performance metrics are as follows for the periods presented:
Finward Bancorp and Royal Financial, Inc. Announce Signing of Definitive Merger Agreement
MUNSTER, Ind. and CHICAGO, July 29, 2021 (GLOBE NEWSWIRE) -- Finward Bancorp (OTC Pink: FNWD) (“FNWD”), the parent of Peoples Bank, and Royal Financial, Inc. (OTCQX: RYFL) (“RYFL”) announced today they have executed a definitive merger agreement pursuant to which FNWD will acquire RYFL and its wholly-owned subsidiary, Royal Savings Bank, of Chicago, Illinois, in a stock and cash transaction. A copy of the definitive agreement is available as Exhibit 2.1 to the Form 8-K filed by FNWD today with the Securities Exchange Commission (the “SEC”) at the SEC's internet site (http://www.sec.gov).
Finward Bancorp Announces Earnings for the Quarter and Six Months Ended June 30, 2021
MUNSTER, Ind., July 28, 2021 (GLOBE NEWSWIRE) -- Finward Bancorp (the “Bancorp”), the holding company for Peoples Bank (the “Bank”), reported record net income of $8.3 million, or $2.40 per share, for the six months ended June 30, 2021. Net income for the six months ended June 30, 2021, increased by $79 thousand (1.0%), from the six months ended June 30, 2020, primarily due to higher net interest income. For the six months ended June 30, 2021, the return on average assets (ROA) was 1.06% and the return on average equity (ROE) was 10.82%.
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