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FNWD stock logo

FNWD

Finward Bancorp

$33.13
0.44
 (1.35%)
Exchange:  NASDAQ
Market Cap:  143.452M
Shares Outstanding:  3.462M
Delayed data
Calculate FNWD Intrinsic Value
5-year outlook →
Overview
Earnings
Financials
Valuation
Chart

About The Company

Sector:  Financial Services
Industry:  Banks – Regional
   
CEO:  Benjamin J. Bochnowski
Full Time Employees:  293
Address: 
9204 Columbia Avenue
Munster
IN
46321
US
Website:  https://www.ibankpeoples.com
Finward Bancorp serves as the parent entity for Peoples Bank, a financial institution offering a comprehensive suite of banking products and services. Its deposit offerings include various checking accounts, both with and without interest, alongside savings accounts, money market deposit accounts, certificates of deposit, and specialized retirement savings plans. The company’s lending activities are diverse, encompassing residential mortgage loans for purchasing, refinancing, or building homes; construction loans provided to individuals and contractors; commercial real estate financing; personal consumer loans for household or family expenditures; home equity lines of credit; home improvement and equity-backed loans; commercial business loans; government-backed loans; and funding for municipalities. Beyond traditional banking, Finward Bancorp delivers a range of wealth management and fiduciary services. These comprise estate and retirement planning, guardianship administration, land trusts, profit-sharing and 401(k) retirement plans, IRA and Keogh accounts, and investment agency accounts. The company also acts as a personal representative for estates and functions as a trustee for both revocable and irrevocable trusts. Additionally, it provides insurance and annuity investment options to its wealth management clients, manages a portfolio of real estate properties, and operates as a real estate investment trust. As of March 2, 2022, the company operated 30 branches situated in Lake and Porter counties in Northwest Indiana, extending into the South Chicagoland area. Originally incorporated in 1994 as NorthWest Indiana Bancorp, the company adopted its current name, Finward Bancorp, in May 2021. Its corporate headquarters are located in Munster, Indiana.

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Revenue Segmentation

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EPS

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Earnings Call

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Income Statement
Balance Sheet
Cash Flow Statement
Analyst Estimates

Income Statement

Year202320242025
Revenue96,529111,825101,060.999
Gross Profit63,27671,59766,245.999
EBITDA15,20820,7468,109.999
Operating Income8,04513,4558,109.999
Net Income8,38012,1308,087

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(* All numbers are in thousands)

Balance Sheet

Year202320242025
Total Assets2,108,2792,060,6992,021,181
Total Liabilities1,960,9341,909,2851,846,518
Total Stockholders Equity147,345151,414174,663
Total Debt118,124105,11684,703
Cash and Cash Equivalents85,58969,93018,265

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Cash Flow Statement

Year202320242025
Operating Cash Flow24,2119,8059,901
Capital Expenditure-1,148-3,074-853
Free Cash Flow23,0636,7317,648
Net Income8,38012,1308,087
Net Change in Cash54,726-15,42449,063

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(* All numbers are in thousands)

Analyst Estimates

Fiscal Year2027Full AccessFull AccessFull AccessFull Access
Estimated Revenue (Low)80,100Full AccessFull AccessFull AccessFull Access
Estimated Revenue (High)82,500Full AccessFull AccessFull AccessFull Access
Estimated Revenue (Avg)81,300Full AccessFull AccessFull AccessFull Access
Estimated Ebitda (Low)16,136.855Full AccessFull AccessFull AccessFull Access
Estimated Ebitda (High)16,620.357Full AccessFull AccessFull AccessFull Access
Estimated Ebitda (Avg)16,378.606Full AccessFull AccessFull AccessFull Access
Estimated Net Income (Low)13,305.382Full AccessFull AccessFull AccessFull Access
Estimated Net Income (High)13,434.144Full AccessFull AccessFull AccessFull Access
Estimated Net Income (Avg)13,369.763Full AccessFull AccessFull AccessFull Access
Estimated SGA Expense (Low)27,848.836Full AccessFull AccessFull AccessFull Access
Estimated SGA Expense (High)28,683.258Full AccessFull AccessFull AccessFull Access
Estimated SGA Expense (Avg)28,266.047Full AccessFull AccessFull AccessFull Access
Estimated EPS (Avg)3.120Full AccessFull AccessFull AccessFull Access
Estimated EPS (High)3.130Full AccessFull AccessFull AccessFull Access
Estimated EPS (Low)3.100Full AccessFull AccessFull AccessFull Access
Number of Analysts (Estimated Revenue)2Full AccessFull AccessFull AccessFull Access
Number of Analysts (Estimated EPS)2Full AccessFull AccessFull AccessFull Access

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(* All numbers are in thousands)

Current Key Metrics

?Revenue
 (TTM)
: 
111.825M  ?P/S
 (TTM)
: 
1.38
?Net Income
 (TTM)
: 
12.13M  ?P/E
 (TTM)
: 
14.06
?Enterprise Value
 (TTM)
: 
112.611M  ?EV/FCF
 (TTM)
: 
6.98
?Dividend Yield
 (TTM)
: 
0.01  ?Payout Ratio
 (TTM)
: 
0.16
?ROE
 (TTM)
: 
0.06  ?ROIC
 (TTM)
: 
0.03
?Net Debt
 (TTM)
: 
34.532M  ?Debt/Equity
 (TTM)
: 
0.53
?P/B
 (TTM)
: 
0.81  ?Current Ratio
 (TTM)
: 
0.07

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Forward P/E Ratios

?

Forward P/E (Avg EPS estimate) — log in with Full Access for high/low estimates and the interactive table.

Forward P/E 1YFull AccessFull AccessFull AccessFull Access
12.41Full AccessFull AccessFull AccessFull Access

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SWOT Analysis

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At what price to buy it? -
Intrinsic Value Calculator

This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.

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Common questions about FNWD valuation

Is Finward Bancorp (FNWD) overvalued or undervalued right now?

MARKETSnap estimates intrinsic value for Finward Bancorp (FNWD) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.

Is FNWD a buy, hold, or sell for long-term investors?

MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether FNWD trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.

What is FNWD’s P/E ratio?

You can see FNWD’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.

How is intrinsic value calculated for FNWD?

MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.

Is FNWD a good long-term investment?

Whether FNWD fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.

FNWD

1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.

Daily snapshot

1.35
MARKETSnap

Trading Metrics:

Open: 33.61   Previous Close: 32.69
Day Low: 33.13   Day High: 33.7
Year Low: 26.46   Year High: 39.99
Price Avg 50: 33.28   Price Avg 200: 34.69
Volume: 7938   Average Volume: 7679

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Relevant news

Contrasting Finward Bancorp (NASDAQ:FNWD) and WisdomTree (NYSE:WT)
13-04-2026 02:18
Contrasting Finward Bancorp (NASDAQ:FNWD) and WisdomTree (NYSE:WT)
Finward Bancorp (FNWD) Projected to Post Earnings on Tuesday
20-01-2026 02:42
Finward Bancorp (FNWD) Projected to Post Earnings on Tuesday

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