Finward Bancorp (FNWD) AI Stock Analysis

• Market Cap: $141.12M
• Dividend Yield: 1.47%
• Average Volume (3M): 61.49K
• Price to Earnings (P/E): 26.4
• Beta (1Y): 0.12
• Revenue Growth: -7.40%
• EPS Growth: -59.70%
• Country: US
• Employees: 293
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.50
• Shares Outstanding: 4,324,889
• 10 Day Avg. Volume: 23,197
• 30 Day Avg. Volume: 61,491
• PEG Ratio: 0.22
• Price to Book (P/B): 0.79
• Price to Sales (P/S): 1.07
• P/FCF Ratio: 17.84
• Enterprise Value/Market Cap: 1.48
• Enterprise Value/Revenue: 2.06
• Enterprise Value/Gross Profit: 3.28
• Enterprise Value/Ebitda: 18.57
• 1Y Price Target: $36.00
• Price Target Upside: 11.08% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 71 Outperform
• Price Target: $36.00 ▲(11.08% Upside)

Finward Bancorp's overall stock score is driven by strong financial performance, particularly in revenue growth and cash management, despite challenges in profitability margins. Technical analysis indicates bullish momentum, though overbought signals suggest caution. The recent positive corporate event further supports the stock's outlook, while valuation metrics indicate potential overvaluation.

Finward Bancorp Business Overview & Revenue Model

Company Description

Finward Bancorp (FNWD) is a financial holding company headquartered in the United States, primarily engaged in providing a range of banking and financial services through its subsidiaries. The company operates in the banking sector, focusing on offering personal and commercial banking products, including loans, deposits, and investment services. Finward Bancorp aims to serve individuals, small businesses, and corporations in its community by delivering tailored financial solutions and exceptional customer service.

How the Company Makes Money

Finward Bancorp generates revenue mainly through the interest income from its loan portfolio, which includes various types of loans such as mortgages, personal loans, and commercial loans. The company also earns income from fees associated with banking services, including account maintenance fees, transaction fees, and service charges. Additionally, investment income from securities and other financial instruments contributes to its revenue. The bank's strategic partnerships with local businesses and community organizations enhance its market presence and customer base, further supporting its revenue growth. Overall, the company's financial health is closely tied to the interest rate environment, loan demand, and its ability to manage operational costs effectively.

Finward Bancorp Financial Statement Overview

Summary

Finward Bancorp demonstrates stable financial performance with a solid gross profit margin and stable EBIT and EBITDA margins. However, inconsistent revenue growth and a slight reliance on debt are concerns. Strong operational cash flow is a positive aspect.

Income Statement

Finward Bancorp's income statement reveals a solid gross profit margin and an acceptable net profit margin. The revenue growth rate has been inconsistent, with recent periods showing a decline. EBIT and EBITDA margins are stable, offering a positive outlook on operational efficiency despite fluctuations in revenue.

Balance Sheet

The balance sheet displays a moderate debt-to-equity ratio, indicating a balanced capital structure. The return on equity is reasonable, reflecting decent profitability relative to shareholder equity. However, the equity ratio is slightly lower, suggesting a higher reliance on debt financing.

Cash Flow

The cash flow statement shows variable free cash flow growth, with some periods experiencing reductions. The operating cash flow to net income ratio is strong, indicating effective cash generation relative to net income. However, the free cash flow to net income ratio suggests potential inefficiencies in capital expenditure management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	101.59M	111.83M	96.53M	83.54M	66.60M	69.77M
Gross Profit	63.78M	71.60M	63.28M	78.66M	63.01M	60.34M
EBITDA	11.26M	20.75M	15.21M	22.53M	20.94M	21.91M
Net Income	5.32M	12.13M	8.38M	15.08M	14.96M	15.93M
Balance Sheet
Total Assets	2.06B	2.06B	2.11B	2.07B	1.62B	1.50B
Cash, Cash Equivalents and Short-Term Investments	350.87M	404.14M	457.38M	404.63M	560.07M	430.59M
Total Debt	113.33M	105.12M	118.12M	135.50M	14.58M	19.86M
Total Liabilities	1.91B	1.91B	1.96B	1.93B	1.46B	1.34B
Stockholders Equity	154.25M	151.41M	147.34M	136.39M	156.62M	151.69M
Cash Flow
Free Cash Flow	6.85M	6.73M	23.06M	14.70M	13.91M	16.00M
Operating Cash Flow	8.04M	9.80M	24.21M	17.73M	17.04M	19.74M
Investing Cash Flow	30.28M	42.79M	15.02M	-1.13M	-125.93M	-185.06M
Financing Cash Flow	-18.11M	-68.02M	15.49M	-18.49M	122.14M	137.99M

Finward Bancorp Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 32.41
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FNWD, the sentiment is Positive. The current price of 32.41 is above the 20-day moving average (MA) of 30.62, above the 50-day MA of 28.77, and above the 200-day MA of 28.72, indicating a bullish trend. The MACD of 1.10 indicates Negative momentum. The RSI at 72.47 is Negative, neither overbought nor oversold. The STOCH value of 83.86 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FNWD.

Finward Bancorp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
UNB	75 Outperform	$117.70M	12.79	13.63%	5.57%	11.90%	-8.37%
RMBI	75 Outperform	$153.47M	15.61	7.23%	4.01%	9.70%	18.24%
EBMT	75 Outperform	$139.56M	10.91	7.19%	3.29%	6.74%	49.28%
CZWI	73 Outperform	$162.76M	13.32	6.93%	2.18%	-0.96%	-7.38%
FNWD	71 Outperform	$141.12M	26.41	3.51%	1.47%	-7.40%	-59.70%
Sector *	68 Neutral	$17.80B	11.94	9.89%	3.74%	9.69%	1.17%
ECBK	―	$148.61M	26.51	3.18%	―	―	―

Finward Bancorp Corporate Events

Finward Bancorp Declares Dividend Amid Regulatory Challenges

On August 15, 2025, Finward Bancorp‘s Board of Directors declared a dividend of $0.12 per share on its common stock, payable on September 12, 2025, to shareholders of record on August 29, 2025. This announcement is significant as it reflects the company’s financial strategy and its compliance challenges with regulatory bodies such as the FDIC and Indiana DFI, which may impact its ability to pay dividends without prior approval. The announcement also highlights the potential risks and uncertainties affecting the company’s financial performance and strategic initiatives.

Finward Bancorp’s Consent Order Terminated by Regulators

On August 6, 2025, the Federal Deposit Insurance Corporation and the Indiana Department of Financial Institutions terminated the Consent Order issued to Peoples Bank, a subsidiary of Finward Bancorp. The Consent Order, effective since November 7, 2023, was related to compliance with the Bank Secrecy Act. The termination follows the successful resolution of deficiencies in the Bank’s compliance and anti-money laundering program. This development reflects Finward Bancorp’s commitment to strong compliance and sound banking practices, as emphasized by its CEO, Benjamin J. Bochnowski.