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Finward Bancorp (FNWD)
NASDAQ:FNWD
US Market

Finward Bancorp (FNWD) AI Stock Analysis

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Finward Bancorp

(NASDAQ:FNWD)

Rating:63Neutral
Price Target:
$31.00
▲(10.09%Upside)
Finward Bancorp's financial stability and profitability are the primary strengths, contributing to a solid base score. However, bearish technical indicators and concerns over high valuation weigh down the overall stock score.

Finward Bancorp (FNWD) vs. SPDR S&P 500 ETF (SPY)

Finward Bancorp Business Overview & Revenue Model

Company DescriptionFinward 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.
How the Company Makes MoneyFinward Bancorp makes money primarily through interest income generated from its lending activities. This includes interest collected on loans such as commercial, residential, and consumer loans. Additionally, the company earns revenue from fees associated with its banking services, including service charges on deposit accounts and transaction fees. Investment income from securities and other financial instruments also contributes to its earnings. Significant partnerships with local businesses and community organizations enhance its customer base and revenue opportunities. The company's performance is closely tied to interest rate trends and regional economic conditions, which can impact its net interest margin and overall profitability.

Finward Bancorp Financial Statement Overview

Summary
Finward Bancorp shows strong financial performance with consistent revenue and profit growth, high profitability margins, and improved ROE. The elimination of debt strengthens its financial position, but the low equity ratio and absence of 2024 cash flow data are concerns.
Income Statement
74
Positive
Finward Bancorp has shown consistent revenue growth, with a notable increase of 9.64% from 2023 to 2024. The gross profit margin remains strong at 100% due to the nature of the banking industry. However, the net profit margin improved significantly to 16.95% in 2024 from 12.83% in 2023, indicating enhanced profitability. The EBIT margin also improved to 31.42% in 2024, reflecting better operational efficiency. The absence of EBITDA in the latest year indicates potential changes in financial reporting or operations.
Balance Sheet
68
Positive
The company's balance sheet shows a strong equity base with an equity ratio of 7.35% in 2024, though slightly decreased from the previous year. The elimination of total debt by 2024 significantly strengthens the balance sheet, reducing financial risk. Return on equity (ROE) improved to 8.01% in 2024, indicating better returns generated from shareholders' equity. However, the relatively low equity ratio suggests a higher reliance on liabilities, which could pose risks if not managed properly.
Cash Flow
65
Positive
Cash flow analysis shows volatility, with free cash flow unavailable in 2024, contrasting with positive free cash flow in previous years. The operating cash flow to net income ratio for 2023 was 2.62, indicating solid cash flow generation relative to profits. However, the absence of cash flow data for 2024 raises concerns about cash management and operational efficiency.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue76.06M71.09M65.30M78.66M64.52M64.03M
Gross Profit78.83M71.09M63.28M78.66M64.52M64.03M
EBITDA2.67M0.0015.21M22.53M20.94M21.91M
Net Income3.31M12.13M8.38M15.08M14.96M15.93M
Balance Sheet
Total Assets2.04B2.06B2.11B2.07B1.62B1.50B
Cash, Cash Equivalents and Short-Term Investments348.69M404.14M457.38M404.63M560.07M430.59M
Total Debt0.000.00118.12M120.00M14.58M6.15M
Total Liabilities1.89B1.91B1.96B1.93B1.46B1.34B
Stockholders Equity151.81M151.41M147.34M136.39M156.62M151.69M
Cash Flow
Free Cash Flow3.66M6.73M20.79M14.70M13.91M16.00M
Operating Cash Flow6.02M9.80M21.93M17.73M17.04M19.74M
Investing Cash Flow23.43M42.79M17.30M-1.13M-125.93M-185.06M
Financing Cash Flow-28.68M-68.02M15.49M-18.49M122.14M137.99M

Finward Bancorp Technical Analysis

Technical Analysis Sentiment
Negative
Last Price28.16
Price Trends
50DMA
29.52
Negative
100DMA
28.82
Negative
200DMA
29.28
Negative
Market Momentum
MACD
-0.41
Negative
RSI
44.48
Neutral
STOCH
66.03
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FNWD, the sentiment is Negative. The current price of 28.16 is below the 20-day moving average (MA) of 28.50, below the 50-day MA of 29.52, and below the 200-day MA of 29.28, indicating a bearish trend. The MACD of -0.41 indicates Negative momentum. The RSI at 44.48 is Neutral, neither overbought nor oversold. The STOCH value of 66.03 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FNWD.

Finward Bancorp Risk Analysis

Finward Bancorp disclosed 33 risk factors in its most recent earnings report. Finward Bancorp reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Finward Bancorp Peers Comparison

Overall Rating
UnderperformOutperform
Sector (67)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
67
Neutral
¥715.03B10.817.51%3.34%7.81%14.70%
64
Neutral
$140.36M12.466.42%3.23%6.51%27.04%
63
Neutral
$121.81M36.642.18%1.70%-7.58%-78.69%
62
Neutral
$147.14M11.647.29%2.44%-1.15%-1.80%
59
Neutral
$146.23M15.956.82%4.27%13.55%3.11%
UNUNB
54
Neutral
$125.49M14.2313.21%5.08%13.60%-17.65%
$146.34M29.012.79%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
FNWD
Finward Bancorp
28.03
3.77
15.54%
CZWI
Citizens Community Bancorp
14.98
4.15
38.32%
EBMT
Eagle Bancorp Montana
17.57
5.13
41.24%
UNB
Union Bankshares
27.65
7.30
35.87%
RMBI
Richmond Mutual Bancorporation
13.99
2.93
26.49%
ECBK
ECB Bancorp, Inc.
16.21
3.73
29.89%

Finward Bancorp Corporate Events

Shareholder MeetingsBusiness Operations and Strategy
Finward Bancorp Approves 2025 Omnibus Equity Incentive Plan
Neutral
May 29, 2025

Finward Bancorp‘s shareholders approved the 2025 Omnibus Equity Incentive Plan during the Annual Meeting on May 22, 2025. This plan aims to align the interests of participants with shareholders, encourage employment, and improve operations by offering various stock-based incentives. The plan includes a maximum of 265,174 shares available for issuance and will be administered by the Bancorp’s Compensation and Benefits Committee. Additionally, the meeting saw the election of four directors, approval of auditors, and an advisory vote on executive compensation.

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.

Executive/Board ChangesShareholder MeetingsBusiness Operations and StrategyRegulatory Filings and Compliance
Finward Bancorp Holds Virtual Annual Shareholders Meeting
Neutral
May 22, 2025

Finward Bancorp announced its Annual Meeting of Shareholders to be held virtually on May 22, 2025, where it will present financial and strategic information. The company is navigating several challenges, including compliance with regulatory requirements and managing risks related to market conditions and interest rates. The Bancorp is focused on improving profitability, optimizing funding, and managing balance sheet risks while expanding its capital ratios. The company has also refreshed its board with independent directors to enhance corporate governance.

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.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jun 22, 2025