What is Finward Bancorp's earnings per share (EPS)?

Finward Bancorp (FNWD) reported diluted earnings per share of $1.88 for fiscal year 2025. This represents a -33.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Finward Bancorp (FNWD) Financials

FNWD

Trailing 12 months to June 30, 2026

Revenue $92.5M +2.7% YoY

Net Income $9.8M +84.7% YoY

EPS (Diluted) $2.27 +83.1% YoY

Free Cash Flow $16.6M +141.6% YoY

Market Cap $190.2M as of Sep 4, 2026

Price / Sales 2.1x on $92.5M revenue, trailing 12 months to June 30, 2026

Price / Earnings 19.4x on $9.8M net income, trailing 12 months to June 30, 2026

Price / Book 1.1x on $178.3M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 4, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 13, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 13, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the FNWD SEC filings page.

Finward Bancorp (FNWD) reported $92.5M in revenue over the twelve months to Jun 30, 2026, up 2.7% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI FNWD FY2025 2026-08-29

Finward’s dominant mechanic is balance-sheet intermediation: substantial leverage supports earnings, while funding costs determine how much reaches equity.

Leverage has eased: the debt-to-equity ratio fell from 14.8x in FY2022 to 10.6x in FY2025 as equity rose from $130M to $175M. Yet asset productivity remains muted, with return on assets at 0.4% in FY2025, indicating that balance-sheet strengthening has not translated into proportionately stronger returns.

Funding costs, not just scale, shape earnings. Revenue reached $91.8M in FY2025, up from $85.8M in FY2023, but interest expense was $35.0M in FY2025. Net margin was only 8.8%, well below 20.9% in FY2022.

Cash conversion improved mainly through lighter reinvestment, not stronger operating cash generation. Operating cash flow was about $9.8M in FY2024 and $9.9M in FY2025, while capital expenditures fell from $3.1M to $853K, lifting free-cash-flow margin from 7.6% to 9.9%.

Financial Health Signals

Financial Health Score 39/100

Scored as: Banks peer group

Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Finward Bancorp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Earnings

Finward Bancorp earned a return on assets of 0.4% in fiscal year 2025, which is the profit it made on every dollar of assets on its books. This is down from 0.6% the prior year. Earnings ranks banks on that return over three years, and Finward Bancorp scores 24/100 among other banks.

Growth

Finward Bancorp reported revenue of $91.8M in fiscal year 2025, against $89.2M in fiscal year 2024. Growth ranks banks on the three-year path of their net revenue, which is interest income and fee income less the interest they pay out, and Finward Bancorp scores 23/100 among other banks.

Capital

Finward Bancorp funded 8.6% of its assets with shareholders' equity at the end of fiscal year 2025, holding $174.7M of equity against $2.0B of assets. Capital ranks banks on that cushion, and Finward Bancorp scores 14/100 among other banks.

Efficiency

Efficiency measures what a bank spends running itself against the revenue that spending brings in, so a lower ratio is the better one. Finward Bancorp scores 27/100 on it among other banks.

Credit Quality

Credit Quality measures the money a bank set aside for loans it expects to go bad, against the size of the loan book it set that money aside for. Finward Bancorp scores 93/100 on it among other banks.

Stability

Finward Bancorp reported net income of $8.1M in fiscal year 2025, against $12.1M in fiscal year 2024. Stability ranks banks on how steady net income has been across five years, and Finward Bancorp scores 50/100 among other banks.

Piotroski F-Score Partial

4/6

Finward Bancorp passes 4 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.22x

For every $1 of reported earnings, Finward Bancorp generates $1.22 in operating cash flow ($9.9M OCF vs $8.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$23.1M

YoY+1.7%

QoQ+1.5%

5Y CAGR+13.2%

10Y CAGR+11.2%

Finward Bancorp generated $23.1M in revenue in Q2 2026. This represents an increase of 1.7% from the same quarter a year earlier. Against the prior quarter it is up 1.5%.

Net Income

$2.1M

YoY-2.7%

QoQ-6.6%

5Y CAGR-10.1%

10Y CAGR-0.7%

Finward Bancorp reported $2.1M in net income in Q2 2026. This represents a decrease of 2.7% from the same quarter a year earlier. Against the prior quarter it is down 6.6%.

EPS (Diluted)

$0.48

YoY-4.0%

QoQ-7.7%

5Y CAGR-14.2%

10Y CAGR-4.7%

Finward Bancorp earned $0.48 per diluted share (EPS) in Q2 2026. This represents a decrease of 4.0% from the same quarter a year earlier. Against the prior quarter it is down 7.7%.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Free Cash Flow

$4.5M

YoY+0.2%

QoQ+28.6%

10Y CAGR+5.5%

Finward Bancorp generated $4.5M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 0.2% from the same quarter a year earlier. Against the prior quarter it is up 28.6%.

Dividends Per Share

$0.12

YoY0.0%

QoQ0.0%

5Y CAGR-17.3%

10Y CAGR-8.1%

Finward Bancorp paid $0.12 per share in dividends in Q2 2026. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

YoY+0.2%

QoQ+0.1%

5Y CAGR+4.5%

10Y CAGR+4.2%

Finward Bancorp had 4M shares outstanding in Q2 2026. This represents an increase of 0.2% from the same quarter a year earlier. Against the prior quarter it is up 0.1%.

Cash & Debt

Not reported for Q2 2026.

Margins & Returns

Net Margin

9.1%

YoY-0.4pp

QoQ-0.8pp

5Y CAGR-19.7pp

10Y CAGR-19.1pp

Finward Bancorp's net profit margin was 9.1% in Q2 2026, showing the share of revenue converted to profit. This is down 0.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.8 percentage points.

Return on Equity

1.2%

YoY-0.2pp

QoQ-0.1pp

5Y CAGR-1.1pp

10Y CAGR-1.4pp

Finward Bancorp's ROE was 1.2% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 0.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.1 percentage points.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Capital Allocation

Capital Expenditures

$234K

YoY-15.8%

QoQ+73.3%

5Y CAGR+20.8%

10Y CAGR-0.3%

Finward Bancorp invested $234K in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 15.8% from the same quarter a year earlier. Against the prior quarter it is up 73.3%.

R&D Spending

Not reported for Q2 2026.

Share Buybacks

Not reported for Q2 2026.

FNWD Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

FNWD quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$92.5M	$91.8M+2.9%	$89.2M+4.0%	$85.8M+19.1%	$72.0M+42.2%	$50.7M-1.9%	$51.6M-1.2%	$52.3M+32.4%	$39.5M+18.3%	$33.4M+3.0%	$32.4M+10.3%	$29.4M+8.1%	$27.2M+3.9%	$26.2M+0.3%	$26.1M-3.4%	$27.0M
SG&A Expenses	$30.5M	$29.6M+6.7%	$27.7M+0.3%	$27.7M-4.6%	$29.0M+19.6%	$24.2M+6.1%	$22.9M+16.5%	$19.6M+19.5%	$16.4M+15.4%	$14.2M+1.7%	$14.0M+6.3%	$13.1M+15.2%	$11.4M+7.7%	$10.6M-1.7%	$10.8M+8.3%	$10.0M
Interest Expense	$32.8M	$35.0M-14.0%	$40.7M+30.4%	$31.2M+539.1%	$4.9M+134.9%	$2.1M-63.8%	$5.7M-36.9%	$9.1M+78.6%	$5.1M+96.4%	$2.6M+10.5%	$2.3M+16.5%	$2.0M+10.6%	$1.8M+5.2%	$1.7M-26.3%	$2.3M-27.3%	$3.2M
Income Tax	$684K	$23K-98.3%	$1.3M+495.5%	-$335K-122.7%	$1.5M+4.5%	$1.4M-49.0%	$2.8M+57.7%	$1.8M+23.0%	$1.4M-50.2%	$2.9M+12.6%	$2.5M+41.7%	$1.8M-16.5%	$2.2M-10.2%	$2.4M+23.5%	$1.9M+64.6%	$1.2M
Net Income	$9.8M	$8.1M-33.3%	$12.1M+44.7%	$8.4M-44.4%	$15.1M+0.8%	$15.0M-6.1%	$15.9M+31.7%	$12.1M+29.6%	$9.3M+4.2%	$9.0M-2.0%	$9.1M+16.4%	$7.9M+6.2%	$7.4M+3.9%	$7.1M+3.9%	$6.9M+27.3%	$5.4M
EPS (Basic)	N/A	$1.89-33.7%	$2.85+45.4%	$1.96-45.7%	$3.61-16.0%	$4.30-6.5%	$4.60+30.3%	$3.53+11.4%	$3.17+1.3%	$3.13-2.2%	$3.20+16.4%	$2.75+5.8%	$2.60+4.0%	$2.50+3.7%	$2.41+26.8%	$1.90
EPS (Diluted)	$2.27	$1.88-33.8%	$2.84+44.9%	$1.96-45.6%	$3.60-16.3%	$4.30-6.5%	$4.60+30.3%	$3.53+11.4%	$3.17+1.3%	$3.13-2.2%	$3.20+16.4%	$2.75+5.8%	$2.60+4.0%	$2.50+3.7%	$2.41+26.8%	$1.90
Diluted Shares (Avg)	N/A	4M+0.4%	4M-0.2%	4M+2.1%	4M+20.6%	3M+0.4%	3M+1.1%	3M+16.1%	3M+3.0%	3M+0.2%	3M+0.3%	3M+0.2%	3M+0.1%	3M+0.1%	3M+0.3%	3M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$23.1M+1.7%	$22.7M+1.7%	$23.4M+3.6%	$23.3M+3.9%	$22.7M+2.5%	$22.3M+1.6%	$22.6M+1.5%	$22.5M+3.2%
SG&A Expenses	$8.0M+9.8%	$7.6M+3.0%	$7.6M+14.3%	$7.3M+5.3%	$7.3M+3.9%	$7.4M+3.7%	$6.6M+5.4%	$7.0M+3.5%
Interest Expense	$7.9M-9.6%	$7.7M-15.3%	$8.4M-16.2%	$8.9M-15.0%	$8.7M-13.4%	$9.0M-11.5%	$10.0M+4.7%	$10.5M+21.1%
Income Tax	$364K+1140.0%	$423K+162.7%	-$166K-129.2%	$63K+130.4%	-$35K-288.9%	$161K-83.4%	$569K+259.8%	-$207K+48.0%
Net Income	$2.1M-2.7%	$2.2M+392.7%	$2.0M-5.6%	$3.5M+477.1%	$2.2M+1404.2%	$455K-95.1%	$2.1M+39.1%	$606K-72.3%
EPS (Basic)	$0.49-2.0%	$0.52+372.7%	$0.46-8.0%	$0.82+485.7%	$0.50+1566.7%	$0.11-95.0%	$0.50+38.9%	$0.14-73.1%
EPS (Diluted)	$0.48-4.0%	$0.52+372.7%	$0.46-6.1%	$0.81+478.6%	$0.50+1566.7%	$0.11-94.9%	$0.49+36.1%	$0.14-72.5%
Diluted Shares (Avg)	4M+0.5%	4M+0.4%	N/A	4M+0.4%	4M+0.6%	4M+0.3%	N/A	4M+0.5%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.

FNWD Balance Sheet

FNWD quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$2.0B-1.9%	$2.1B-2.3%	$2.1B+1.8%	$2.1B+27.7%	$1.6B+8.3%	$1.5B+12.6%	$1.3B+21.2%	$1.1B+18.2%	$927.3M+1.5%	$913.6M+5.6%	$864.9M+11.6%	$775.0M+11.8%	$693.5M+0.2%	$691.8M+6.2%	$651.8M
Cash & Equivalents	N/A	N/A	N/A	N/A	N/A	N/A	$47.3M+175.7%	$17.1M+55.5%	$11.0M-75.1%	$44.2M+283.5%	$11.5M-47.5%	$22.0M+11.0%	$19.8M-41.4%	$33.8M+28.0%	$26.4M
Short-Term Investments	N/A	N/A	N/A	N/A	N/A	N/A	$0	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	N/A	N/A	N/A	N/A	N/A	N/A	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$22.4M0.0%	$22.4M0.0%	$22.4M0.0%	$22.4M+101.6%	$11.1M0.0%	$11.1M0.0%	$11.1M+36.0%	$8.2M+192.6%	$2.8M0.0%	$2.8M+9.0%	$2.6M+59.0%	$1.6M	$0	N/A	N/A
Total Liabilities	$1.8B-3.3%	$1.9B-2.6%	$2.0B+1.4%	$1.9B+32.1%	$1.5B+8.9%	$1.3B+12.6%	$1.2B+20.1%	$994.7M+19.1%	$835.2M+0.7%	$829.5M+5.8%	$784.0M+12.2%	$698.9M+11.5%	$626.7M+0.4%	$624.2M+6.0%	$588.8M
Total Equity	$174.7M+15.4%	$151.4M+2.8%	$147.3M+13.1%	$130.3M-16.8%	$156.6M+3.2%	$151.7M+13.6%	$133.5M+31.6%	$101.5M+10.2%	$92.1M+9.5%	$84.1M+4.0%	$80.9M+6.2%	$76.2M+14.1%	$66.8M-1.3%	$67.7M+7.5%	$63.0M
Retained Earnings	$146.0M+4.7%	$139.5M+7.8%	$129.4M-1.7%	$131.7M+8.0%	$121.9M+9.6%	$111.3M+11.1%	$100.2M+8.5%	$92.3M+6.7%	$86.5M+6.9%	$81.0M+8.0%	$75.0M+6.9%	$70.2M+7.1%	$65.5M+7.7%	$60.8M+8.5%	$56.0M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$2.0B-0.8%	$2.0B-1.2%	$2.0B-1.9%	$2.1B-1.1%	$2.1B-0.9%	$2.0B-1.5%	$2.1B-2.3%	$2.1B-0.6%
Goodwill	$22.4M0.0%	$22.4M0.0%	$22.4M0.0%	$22.4M0.0%	$22.4M0.0%	$22.4M0.0%	$22.4M0.0%	$22.4M0.0%
Total Liabilities	$1.9B-2.2%	$1.8B-2.4%	$1.8B-3.3%	$1.9B-1.5%	$1.9B-1.3%	$1.9B-1.7%	$1.9B-2.6%	$1.9B-2.7%
Total Equity	$178.3M+15.6%	$172.4M+13.6%	$174.7M+15.4%	$165.5M+3.7%	$154.3M+3.8%	$151.8M+0.1%	$151.4M+2.8%	$159.6M+34.0%
Retained Earnings	$149.3M+5.5%	$147.7M+5.6%	$146.0M+4.7%	$144.5M+4.8%	$141.6M+2.7%	$139.9M+1.3%	$139.5M+7.8%	$137.9M+7.4%

Not reported in any period shown, so not listed: Current Assets, Cash & Equivalents, Short-Term Investments, Inventory, Accounts Receivable, Long-Term Investments, Current Liabilities, Non-Current Liabilities, Long-Term Debt.

FNWD Cash Flow Statement

FNWD quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$17.3M	$9.9M+1.0%	$9.8M-59.5%	$24.2M+36.6%	$17.7M+4.0%	$17.0M-13.6%	$19.7M+80.1%	$11.0M+4.0%	$10.5M-14.3%	$12.3M+18.4%	$10.4M+9.8%	$9.5M-1.2%	$9.6M-13.4%	$11.1M+29.7%	$8.5M-42.5%	$14.8M
Depreciation & Amortization	N/A	$6.2M-15.1%	$7.3M+1.8%	$7.2M+20.0%	$6.0M+30.9%	$4.6M+42.4%	$3.2M+69.5%	$1.9M-27.2%	$2.6M+85.3%	$1.4M+103603.7%	$1K-99.9%	$1.4M+1.5%	$1.4M+5.3%	$1.3M-4.5%	$1.4M-7.3%	$1.5M
Stock-Based Compensation	N/A	$447K-20.9%	$565K-21.4%	$719K-3.0%	$741K+29.1%	$574K+38.3%	$415K+37.9%	$301K+47.5%	$204K+6.3%	$192K+35.2%	$142K+47.9%	$96K+57.4%	$61K+52.5%	$40K+150.0%	$16K-51.5%	$33K
Capital Expenditures	$761K	$853K-72.3%	$3.1M+167.8%	$1.1M-62.1%	$3.0M-3.1%	$3.1M-16.3%	$3.7M+22.8%	$3.0M+200.8%	$1.0M-39.0%	$1.7M-3.1%	$1.7M+30.5%	$1.3M+52.5%	$859K-3.8%	$893K+12.0%	$797K+91.1%	$417K
Free Cash Flow	$16.6M	$9.0M+34.4%	$6.7M-70.8%	$23.1M+56.9%	$14.7M+5.6%	$13.9M-13.0%	$16.0M+102.1%	$7.9M-16.9%	$9.5M-10.5%	$10.6M+22.6%	$8.7M+6.5%	$8.2M-6.5%	$8.7M-14.2%	$10.2M+31.5%	$7.7M-46.3%	$14.4M
Investing Cash Flow	$16.6M	$94.9M+121.7%	$42.8M+184.9%	$15.0M+1428.1%	-$1.1M+99.1%	-$125.9M+32.0%	-$185.1M-556.8%	-$28.2M+9.6%	-$31.2M+34.8%	-$47.8M-124.8%	-$21.3M	N/A	N/A	N/A	-$36.3M-364.1%	-$7.8M
Financing Cash Flow	-$42.6M	-$55.7M+18.1%	-$68.0M-539.0%	$15.5M+183.8%	-$18.5M-115.1%	$122.1M-11.5%	$138.0M+191.5%	$47.3M+77.0%	$26.7M+1043.8%	$2.3M-94.6%	$43.6M	N/A	N/A	N/A	$35.2M+317.0%	$8.4M
Dividends Paid	$2.1M	$1.6M-24.7%	$2.1M-61.2%	$5.3M+5.1%	$5.1M+17.7%	$4.3M+0.4%	$4.3M+5.0%	$4.1M+19.0%	$3.4M+5.1%	$3.3M+3.8%	$3.1M+6.1%	$3.0M+10.8%	$2.7M+14.8%	$2.3M+20.7%	$1.9M+13.5%	$1.7M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0-100.0%	$31K-82.1%	$173K+121.8%	$78K	$0

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$4.7M-0.7%	$3.6M+195.4%	$7.7M-28.4%	$1.2M+132.2%	$4.8M+73.4%	-$3.8M-15136.0%	$10.8M+487.5%	-$3.7M-171.3%
Depreciation & Amortization	$1.0M-37.0%	$1.3M-17.2%	$1.5M-14.3%	$1.5M-30.7%	$1.6M-5.4%	$1.6M-6.5%	$1.8M-15.7%	$2.1M+19.1%
Stock-Based Compensation	$148K+13.0%	$126K+28.6%	N/A	$116K-15.9%	$131K-1.5%	$98K-43.0%	N/A	$138K+40.8%
Capital Expenditures	$234K-15.8%	$135K-26.2%	$240K+8.1%	$152K-70.1%	$278K-83.0%	$183K-74.3%	$222K-39.0%	$508K+55.8%
Free Cash Flow	$4.5M+0.2%	$3.5M+187.7%	$7.5M-29.1%	$1.0M+124.8%	$4.5M+302.1%	-$4.0M-442.4%	$10.6M+617.5%	-$4.2M-186.4%
Investing Cash Flow	-$46.3M-554.0%	-$2.2M-111.0%	$50.6M+27776.5%	$14.3M+2424.3%	$10.2M+222.4%	$19.7M-49.8%	-$183K-101.2%	$568K-95.0%
Financing Cash Flow	$17.4M+8.3%	-$2.4M+83.2%	-$42.9M-267.2%	-$14.8M-75.9%	$16.1M+191.7%	-$14.1M+73.6%	-$11.7M-446.9%	-$8.4M+86.1%
Dividends Paid	$520K+25900.0%	$520K+0.4%	$518K+0.2%	$519K-0.6%	$2K-99.6%	$518K+0.6%	$517K-61.3%	$522K-60.8%

Not reported in any period shown, so not listed: Share Buybacks.

FNWD Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

FNWD quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Net Margin	8.8%-4.8pp	13.6%+3.8pp	9.8%-11.2pp	20.9%-8.6pp	29.5%-1.3pp	30.9%+7.7pp	23.2%-0.5pp	23.7%-3.2pp	26.9%-1.4pp	28.2%+1.5pp	26.7%-0.5pp	27.2%0.0pp	27.2%+0.9pp	26.3%+6.3pp	20.0%
Return on Equity	4.6%-3.4pp	8.0%+2.3pp	5.7%-5.9pp	11.6%+2.0pp	9.6%-0.9pp	10.5%+1.4pp	9.1%-0.1pp	9.2%-0.5pp	9.7%-1.1pp	10.9%+1.2pp	9.7%0.0pp	9.7%-0.9pp	10.7%+0.5pp	10.1%+1.6pp	8.6%
Return on Assets	0.4%-0.2pp	0.6%+0.2pp	0.4%-0.3pp	0.7%-0.2pp	0.9%-0.1pp	1.1%+0.1pp	0.9%+0.1pp	0.9%-0.1pp	1.0%0.0pp	1.0%+0.1pp	0.9%0.0pp	0.9%-0.1pp	1.0%0.0pp	1.0%+0.2pp	0.8%
Debt-to-Equity	10.57-2.0x	12.61-0.7x	13.31-1.5x	14.85+5.5x	9.35+0.5x	8.86-0.1x	8.95-0.9x	9.80+0.7x	9.07-0.8x	9.86+0.2x	9.69+0.5x	9.18-0.2x	9.39+0.2x	9.23-0.1x	9.35
Asset Turnover	0.050.0x	0.040.0x	0.040.0x	0.030.0x	0.030.0x	0.030.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.030.0x	0.040.0x	0.040.0x	0.040.0x	0.04
FCF Margin	9.9%+2.3pp	7.5%-19.3pp	26.9%+6.5pp	20.4%-7.1pp	27.5%-3.5pp	31.0%+15.8pp	15.2%-9.0pp	24.1%-7.8pp	31.9%+5.1pp	26.8%-0.9pp	27.7%-4.3pp	32.1%-6.8pp	38.9%+9.2pp	29.6%-23.7pp	53.4%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Net Margin	9.1%-0.4pp	9.9%+7.8pp	8.5%-0.8pp	15.0%+12.3pp	9.5%+8.8pp	2.0%-40.2pp	9.3%+2.5pp	2.7%-7.4pp
Return on Equity	1.2%-0.2pp	1.3%+1.0pp	1.1%-0.2pp	2.1%+1.7pp	1.4%+1.3pp	0.3%-5.8pp	1.4%+0.4pp	0.4%-1.5pp
Return on Assets	0.1%0.0pp	0.1%+0.1pp	0.1%0.0pp	0.2%+0.1pp	0.1%+0.1pp	0.0%-0.4pp	0.1%0.0pp	0.0%-0.1pp
Debt-to-Equity	10.45-1.9x	10.69-1.7x	10.57-2.0x	11.40-0.6x	12.34-0.6x	12.44-0.2x	12.61-0.7x	12.00-4.5x
Asset Turnover	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x
FCF Margin	19.5%-0.3pp	15.4%+33.3pp	32.0%-14.8pp	4.5%+23.3pp	19.8%+14.8pp	-17.9%-14.5pp	46.8%+40.2pp	-18.8%-41.3pp

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Finward Bancorp FNWD	FY2025	$91.8M	$8.1M	8.8%	$190.2M	39/100
Bcb Bancorp BCBP	FY2025	$173.0M	-$12.5M	-7.2%	$156.6M	26/100
Eagle Bancorp EBMT	FY2025	$108.4M	$14.8M	13.7%	$181.8M	30/100
Sb Finl Group Inc SBFG	FY2025	N/A	$14.0M	N/A	$182.7M	—
Rhinebeck Bancorp Inc RBKB	FY2025	$53.4M	$10.0M	18.8%	$200.0M	22/100
Richmond Mut Bancorporation RMBI	FY2025	$85.9M	$11.6M	13.5%	$254.4M	48/100

Where Finward Bancorp Ranks

Frequently Asked Questions

What is Finward Bancorp's annual revenue?

Finward Bancorp (FNWD) reported $91.8M in total revenue for fiscal year 2025. This represents a 2.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Finward Bancorp's revenue growing?

Finward Bancorp (FNWD) revenue grew by 2.9% year-over-year, from $89.2M to $91.8M in fiscal year 2025.

Is Finward Bancorp profitable?

Yes, Finward Bancorp (FNWD) reported a net income of $8.1M in fiscal year 2025, with a net profit margin of 8.8%.

What is Finward Bancorp's net profit margin?

Finward Bancorp (FNWD) had a net profit margin of 8.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Finward Bancorp pay dividends?

Yes, Finward Bancorp (FNWD) paid $0.36 per share in dividends during fiscal year 2025.

What is Finward Bancorp's return on equity (ROE)?

Finward Bancorp (FNWD) has a return on equity of 4.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Finward Bancorp's free cash flow?

Finward Bancorp (FNWD) generated $9.0M in free cash flow during fiscal year 2025. This represents a 34.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Finward Bancorp's operating cash flow?

Finward Bancorp (FNWD) generated $9.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Finward Bancorp's total assets?

Finward Bancorp (FNWD) had $2.0B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Finward Bancorp's capital expenditures?

Finward Bancorp (FNWD) invested $853K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Finward Bancorp have outstanding?

Finward Bancorp (FNWD) had 4M shares outstanding as of fiscal year 2025.

What is Finward Bancorp's debt-to-equity ratio?

Finward Bancorp (FNWD) had a debt-to-equity ratio of 10.57 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Finward Bancorp's return on assets (ROA)?

Finward Bancorp (FNWD) had a return on assets of 0.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Finward Bancorp's P/E ratio?

Finward Bancorp (FNWD) trades at 19.4x earnings, its market capitalization divided by net income of $9.8M net income, trailing 12 months to June 30, 2026. The market capitalization is $190.2M as of Sep 4, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Finward Bancorp's price-to-sales ratio?

Finward Bancorp (FNWD) trades at 2.1x sales, its market capitalization divided by revenue of $92.5M revenue, trailing 12 months to June 30, 2026. The market capitalization is $190.2M as of Sep 4, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Finward Bancorp's Piotroski F-Score?

Finward Bancorp (FNWD) has a Piotroski F-Score of 4 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Finward Bancorp's earnings high quality?

Finward Bancorp (FNWD) has an earnings quality ratio of 1.22x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Finward Bancorp?

Finward Bancorp (FNWD) scores 39 out of 100 on our Financial Health Score, indicating weak standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.