Finward Bancorp (FNWD) AI Stock Analysis

• Market Cap: $150.51M
• Dividend Yield: 1.39%
• Average Volume (3M): 26.07K
• Price to Earnings (P/E): 18.3
• Beta (1Y): 0.10
• Revenue Growth: -7.07%
• EPS Growth: -29.17%
• Country: US
• Employees: 293
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.81
• Shares Outstanding: 4,324,889
• 10 Day Avg. Volume: 21,390
• 30 Day Avg. Volume: 26,068
• 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: 1.47
• Enterprise Value/Revenue: 2.34
• Enterprise Value/Gross Profit: 13.12
• Enterprise Value/Ebitda: 9.13
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 1.47
• Revenue Forecast (FY): $69.40M

• Rating: 62 Neutral
• Price Target: $37.00 ▲(14.34% Upside)

Finward Bancorp's overall score is driven by strong financial performance, particularly in revenue growth and cash management. However, technical indicators suggest the stock may be overbought, and valuation metrics indicate moderate attractiveness. The absence of earnings call data and corporate events limits additional insights.

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 exhibits strong revenue growth and effective cash management, but faces challenges in maintaining profitability margins and operational efficiency. The balance sheet remains stable with a solid capital structure, though declining ROE is a concern. Overall, the company is in a growth phase with potential areas for improvement in profitability and operational performance.

Income Statement

Finward Bancorp's income statement shows a mixed performance. The TTM data indicates a significant revenue growth rate of 64.7%, which is a positive sign of expansion. However, the gross profit margin has decreased slightly from previous years, and the net profit margin has also declined to 5.23% in the TTM period. The EBIT and EBITDA margins have similarly decreased, indicating potential challenges in maintaining operational efficiency. Overall, while revenue growth is strong, profitability margins have weakened.

Balance Sheet

The balance sheet reflects a stable financial position with a manageable debt-to-equity ratio of 0.73 in the TTM period, which is an improvement from previous years. The return on equity has decreased to 3.45%, suggesting reduced profitability relative to equity. The equity ratio remains stable, indicating a solid capital structure. Overall, the balance sheet shows stability with some concerns over declining ROE.

Cash Flow

Cash flow analysis reveals a strong free cash flow growth rate of 97.1% in the TTM period, indicating improved cash generation capabilities. The operating cash flow to net income ratio is low, suggesting potential inefficiencies in converting income to cash. However, the free cash flow to net income ratio is healthy at 85.19%, demonstrating effective cash management. Overall, cash flow performance is robust with some areas for improvement in operational efficiency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	94.68M	111.83M	96.53M	83.54M	66.60M	69.77M
Gross Profit	16.92M	71.60M	63.28M	78.66M	63.01M	60.34M
EBITDA	24.30M	20.75M	15.21M	22.53M	20.94M	21.91M
Net Income	8.21M	12.13M	8.38M	15.08M	14.96M	15.93M
Balance Sheet
Total Assets	2.05B	2.06B	2.11B	2.07B	1.62B	1.50B
Cash, Cash Equivalents and Short-Term Investments	354.61M	404.14M	457.38M	404.53M	560.07M	430.59M
Total Debt	103.43M	105.12M	118.12M	135.50M	14.58M	19.86M
Total Liabilities	1.89B	1.91B	1.96B	1.93B	1.46B	1.34B
Stockholders Equity	165.50M	151.41M	147.34M	136.39M	156.62M	151.69M
Cash Flow
Free Cash Flow	12.74M	6.73M	23.06M	14.70M	13.91M	16.00M
Operating Cash Flow	12.96M	9.80M	24.21M	17.73M	17.04M	19.74M
Investing Cash Flow	44.05M	42.79M	15.02M	-1.13M	-125.93M	-185.06M
Financing Cash Flow	-24.48M	-68.02M	15.49M	-18.49M	122.14M	137.99M

Finward Bancorp Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 32.36
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 32.36 is below the 20-day moving average (MA) of 33.48, below the 50-day MA of 32.60, and above the 200-day MA of 29.57, indicating a bullish trend. The MACD of 0.55 indicates Negative momentum. The RSI at 63.48 is Neutral, neither overbought nor oversold. The STOCH value of 57.60 is Neutral, 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
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
EBMT	64 Neutral	$130.65M	9.53	7.43%	3.43%	6.10%	59.32%
FNWD	62 Neutral	$150.51M	18.28	5.05%	1.39%	-7.07%	-29.17%
BCBP	54 Neutral	$132.14M	159.79	0.86%	8.22%	-8.73%	-95.86%
FGBI	47 Neutral	$89.51M	―	-24.07%	0.64%	1.34%	-593.24%
RBKB	43 Neutral	$108.50M	21.36	3.95%	―	22.30%	―

Finward Bancorp Corporate Events

Finward Bancorp Reports Strong Q3 2025 Earnings Growth

Finward Bancorp, a financial holding company based in Munster, Indiana, operates primarily through its subsidiary, Peoples Bank, offering a range of personal, business, electronic, and wealth management financial services across Northwest Indiana and Chicagoland.

Finward Bancorp Highlights at 2025 Stephens Banking Forum

Finward Bancorp presented financial information at the 2025 Stephens Banking Forum, highlighting its strategic focus on strengthening business operations and capitalizing on opportunities. The company has demonstrated consistent growth in assets, with a strong presence in Northwest Indiana and the Chicagoland area. The bank is actively managing customer relationships and leveraging technology like Salesforce and AI to improve operations. Despite challenges such as regulatory compliance and market conditions, Finward Bancorp remains committed to building capital and increasing returns while navigating economic and interest rate changes.

The most recent analyst rating on (FNWD) stock is a Buy with a $36.00 price target. To see the full list of analyst forecasts on Finward Bancorp stock, see the FNWD Stock Forecast page.

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.

The most recent analyst rating on (FNWD) stock is a Buy with a $35.00 price target. To see the full list of analyst forecasts on Finward Bancorp stock, see the FNWD Stock Forecast page.

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.

The most recent analyst rating on (FNWD) stock is a Buy with a $35.00 price target. To see the full list of analyst forecasts on Finward Bancorp stock, see the FNWD Stock Forecast page.