Complete financial analysis of Finward Bancorp (FNWD) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Finward Bancorp, a leading company in the Banks – Regional industry within the Financial Services sector.
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Finward Bancorp (FNWD)
About Finward Bancorp
Finward 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.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 65.30M | 78.66M | 64.52M | 64.03M | 53.83M | 43.46M | 38.52M | 37.67M | 34.22M | 31.44M | 29.79M | 31.26M | 30.02M | 30.89M | 28.95M | 26.76M | 22.32M | 23.46M | 23.81M | 23.07M | 21.80M | 20.35M | 17.61M | 16.69M | 16.00M | 1.46M | 1.29M | 766.84K |
| Cost of Revenue | -31.23M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 96.53M | 78.66M | 64.52M | 64.03M | 53.83M | 43.46M | 38.52M | 37.67M | 34.22M | 31.44M | 29.79M | 31.26M | 30.02M | 30.89M | 28.95M | 26.76M | 22.32M | 23.46M | 23.81M | 23.07M | 21.80M | 20.35M | 17.61M | 16.69M | 16.00M | 1.46M | 1.29M | 766.84K |
| Gross Profit Ratio | 147.82% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 29.66M | 30.22M | 25.10M | 22.85M | 19.92M | 16.82M | 14.56M | 14.43M | 13.67M | 11.88M | 11.10M | 11.35M | 11.90M | 11.49M | 11.44M | 8.82M | 7.47M | 7.33M | 7.18M | 6.84M | 6.18M | 5.82M | 5.34M | 5.14M | 4.70M | 4.13M | 3.65M | 3.21M |
| Selling & Marketing | 840.00K | 1.91M | 1.09M | 732.00K | 926.00K | 707.00K | 595.00K | 517.00K | 548.00K | 496.00K | 509.00K | 380.00K | 403.00K | 485.00K | 469.00K | 405.00K | 279.00K | 325.00K | 270.00K | 233.00K | 187.00K | 173.00K | 139.00K | 189.00K | 200.00K | 0.00 | 0.00 | 0.00 |
| SG&A | 30.50M | 32.13M | 26.19M | 23.59M | 20.84M | 17.53M | 15.15M | 14.95M | 14.22M | 12.38M | 11.61M | 11.73M | 12.31M | 11.98M | 11.91M | 9.23M | 7.75M | 7.65M | 7.45M | 7.07M | 6.37M | 6.00M | 5.48M | 5.33M | 4.90M | 4.13M | 3.65M | 3.21M |
| Other Expenses | 34.80M | -24.79M | -74.33M | -68.12M | -60.82M | -48.01M | -7.99M | -7.10M | 0.00 | 0.00 | -30.15M | -31.86M | 18.00K | -31.90M | -30.35M | -15.68M | -4.95M | -6.23M | -11.71M | -13.77M | -11.31M | -7.47M | -2.40M | -1.57M | -2.60M | 12.95M | 12.43M | 10.91M |
| Operating Expenses | 65.30M | 1.91M | -48.15M | -44.53M | -39.97M | -27.60M | 595.00K | 517.00K | 548.00K | 496.00K | -18.54M | -20.12M | 12.33M | -19.92M | -18.43M | -6.45M | 2.81M | 1.43M | -4.26M | -6.70M | -4.94M | -1.47M | 3.08M | 3.76M | 2.30M | 17.08M | 16.07M | 14.13M |
| Cost & Expenses | 65.30M | 1.91M | -48.15M | -44.53M | -39.97M | -27.60M | 595.00K | 517.00K | 548.00K | 496.00K | -18.54M | -20.12M | 12.33M | -19.92M | -18.43M | -6.45M | 2.81M | 1.43M | -4.26M | -6.70M | -4.94M | -1.47M | 3.08M | 3.76M | 2.30M | 17.08M | 16.07M | 14.13M |
| Interest Income | 85.78M | 72.04M | 50.66M | 51.62M | 52.25M | 39.45M | 33.36M | 32.40M | 29.38M | 27.18M | 26.16M | 26.08M | 26.99M | 30.09M | 32.19M | 35.17M | 35.77M | 34.98M | 30.02M | 26.61M | 26.36M | 27.78M | 28.43M | 28.08M | 25.60M | 25.24M | 23.67M | 22.34M |
| Interest Expense | 31.23M | 4.89M | 2.08M | 5.74M | 9.09M | 5.09M | 2.59M | 2.35M | 2.01M | 1.82M | 1.73M | 2.35M | 3.23M | 4.99M | 8.84M | 12.93M | 17.88M | 15.74M | 9.76M | 6.86M | 7.52M | 10.11M | 13.22M | 13.39M | 11.30M | 12.31M | 11.72M | 11.29M |
| Depreciation & Amortization | 7.16M | 5.97M | 4.56M | 3.20M | 1.90M | 2.59M | 2.55M | 2.50M | 2.32M | 2.03M | 2.13M | 2.41M | 2.33M | 2.15M | 1.60M | 1.46M | 1.47M | 1.53M | 1.69M | 1.55M | 1.07M | 1.33M | 1.01M | 912.00K | 900.00K | 907.00K | 710.00K | 553.42K |
| EBITDA | 15.21M | 22.53M | 20.94M | 21.91M | 15.80M | 0.00 | 14.44M | 14.24M | 11.97M | 11.58M | 11.65M | 11.20M | 8.90M | 9.02M | 0.00 | 0.00 | 0.00 | 0.00 | 11.48M | 10.75M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Ratio | 23.29% | 27.26% | 32.45% | 35.45% | 29.36% | 42.61% | 44.22% | 44.04% | 40.86% | 42.62% | 44.90% | 43.35% | 40.39% | 42.45% | 41.85% | 81.34% | 119.15% | 112.59% | 89.20% | 77.65% | 82.27% | 99.28% | 123.26% | 128.01% | 120.00% | 1,334.32% | 1,404.04% | 2,014.46% |
| Operating Income | 15.21M | 15.48M | 16.38M | 19.50M | 13.86M | 15.86M | 14.42M | 14.04M | 11.66M | 11.37M | 11.25M | 11.14M | 9.80M | 10.97M | 10.52M | 20.31M | 25.12M | 24.89M | 19.55M | 16.37M | 16.87M | 18.88M | 20.69M | 20.45M | 18.30M | 18.53M | 17.36M | 14.89M |
| Operating Income Ratio | 23.29% | 19.68% | 25.38% | 30.45% | 25.74% | 36.49% | 37.44% | 37.26% | 34.08% | 36.16% | 37.75% | 35.64% | 32.63% | 35.50% | 36.32% | 75.88% | 112.57% | 106.08% | 82.11% | 70.95% | 77.36% | 92.77% | 117.50% | 122.55% | 114.38% | 1,272.07% | 1,348.87% | 1,942.29% |
| Total Other Income/Expenses | -7.16M | -1.54M | -4.56M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 16.00K | -1.00K | -157.00K | -136.00K | 0.00 | 0.00 | 0.00 | -11.48M | 0.00 | -7.52M | -10.11M | -13.22M | -13.39M | -11.30M | -12.31M | -11.72M | -11.29M |
| Income Before Tax | 8.05M | 16.56M | 16.38M | 19.50M | 13.86M | 10.77M | 11.83M | 11.69M | 9.65M | 9.55M | 9.52M | 8.79M | 6.56M | 5.98M | 1.68M | 7.38M | 7.24M | 9.15M | 9.79M | 9.51M | 9.35M | 8.77M | 7.46M | 7.06M | 7.00M | 6.22M | 5.64M | 3.61M |
| Income Before Tax Ratio | 12.32% | 21.05% | 25.38% | 30.45% | 25.74% | 24.78% | 30.71% | 31.04% | 28.20% | 30.37% | 31.94% | 28.13% | 21.87% | 19.35% | 5.79% | 27.56% | 32.44% | 39.00% | 41.12% | 41.22% | 42.87% | 43.10% | 42.40% | 42.32% | 43.75% | 427.18% | 438.15% | 470.46% |
| Income Tax Expense | -335.00K | 1.48M | 1.41M | 2.89M | 1.76M | 1.43M | 2.87M | 2.55M | 1.80M | 2.15M | 2.40M | 1.94M | 1.18M | 797.00K | -813.00K | 1.45M | 1.65M | 2.67M | 3.12M | 3.22M | 3.41M | 3.28M | 2.75M | 2.69M | 2.80M | 2.46M | 2.22M | 1.42M |
| Net Income | 8.38M | 15.08M | 14.96M | 15.93M | 12.10M | 9.34M | 8.96M | 9.14M | 7.85M | 7.39M | 7.12M | 6.85M | 5.39M | 5.18M | 2.49M | 5.93M | 5.59M | 6.48M | 6.67M | 6.29M | 5.94M | 5.49M | 4.71M | 4.37M | 4.20M | 3.76M | 3.42M | 2.19M |
| Net Income Ratio | 12.83% | 19.17% | 23.19% | 24.88% | 22.47% | 21.49% | 23.26% | 24.27% | 22.95% | 23.52% | 23.90% | 21.92% | 17.94% | 16.77% | 8.59% | 22.16% | 25.04% | 27.60% | 28.03% | 27.27% | 27.22% | 26.99% | 26.75% | 26.20% | 26.25% | 258.27% | 265.42% | 285.41% |
| EPS | 1.96 | 3.61 | 4.30 | 4.60 | 3.53 | 3.17 | 3.13 | 3.20 | 2.75 | 2.60 | 2.51 | 2.41 | 1.90 | 1.83 | 0.88 | 2.11 | 1.99 | 2.32 | 2.40 | 2.28 | 2.16 | 2.01 | 1.73 | 1.61 | 1.53 | 1.36 | 1.24 | 0.80 |
| EPS Diluted | 1.96 | 3.60 | 4.30 | 4.60 | 3.53 | 3.08 | 3.13 | 3.20 | 2.75 | 2.60 | 2.51 | 2.41 | 1.90 | 1.83 | 0.88 | 2.10 | 1.98 | 2.30 | 2.37 | 2.24 | 2.13 | 1.99 | 1.71 | 1.60 | 1.52 | 1.35 | 1.23 | 0.80 |
| Weighted Avg Shares Out | 4.28M | 4.18M | 3.48M | 3.46M | 3.43M | 2.95M | 2.86M | 2.86M | 2.85M | 2.84M | 2.84M | 2.84M | 2.84M | 2.82M | 2.81M | 2.81M | 2.81M | 2.79M | 2.78M | 2.76M | 2.75M | 2.73M | 2.72M | 2.71M | 2.75M | 2.77M | 2.77M | 2.75M |
| Weighted Avg Shares Out (Dil) | 4.28M | 4.19M | 3.48M | 3.46M | 3.43M | 3.03M | 2.86M | 2.86M | 2.85M | 2.84M | 2.84M | 2.84M | 2.84M | 2.82M | 2.81M | 2.83M | 2.82M | 2.82M | 2.82M | 2.81M | 2.79M | 2.76M | 2.75M | 2.73M | 2.76M | 2.79M | 2.79M | 2.75M |
Finward Bancorp Announces Earnings for the Quarter and Nine Months Ended September 30, 2024
MUNSTER, Ind., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Finward Bancorp (Nasdaq: FNWD) (the “Bancorp”), the holding company for Peoples Bank (the “Bank”), today announced that net income available to common stockholders was $10.0 million, or $2.35 per diluted share, for...
FINWARD BANCORP ANNOUNCES THIRD QUARTER DIVIDEND
MUNSTER, Ind., Oct. 11, 2024 (GLOBE NEWSWIRE) -- – Finward Bancorp (Nasdaq: FNWD) (the “Bancorp” or “Finward”), the holding company for Peoples Bank (the “Bank”), today announced that on September 20, 2024 the Board of Directors of Finward declared a...
Recent Price Trend in Finward Bancorp (FNWD) is Your Friend, Here's Why
Finward Bancorp (FNWD) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength"...
Finward Bancorp (FNWD) Is a Great Choice for 'Trend' Investors, Here's Why
Finward Bancorp (FNWD) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength"...
FINWARD BANCORP ANNOUNCES THE APPOINTMENT OF THREE NEW DIRECTORS
MUNSTER, Ind., Sept. 05, 2024 (GLOBE NEWSWIRE) -- Finward Bancorp (Nasdaq: FNWD) (the “Bancorp” or “Finward”), the holding company for Peoples Bank, an Indiana state-chartered commercial bank (the “Bank”), today announced that the Boards of the Bancorp and the Bank...
Here's Why Momentum in Finward Bancorp (FNWD) Should Keep going
If you are looking for stocks that are well positioned to maintain their recent uptrend, Finward Bancorp (FNWD) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.
Correcting and Replacing – Finward Bancorp Announces Earnings for the Quarter Ended June 30, 2024
MUNSTER, Ind., July 30, 2024 (GLOBE NEWSWIRE) -- Finward Bancorp (Nasdaq: FNWD) (the “Bancorp”), the holding company for Peoples Bank (the “Bank”), today announced corrections to its press release issued on July 24, 2024. Specifically, the following press release (i)...
Finward Bancorp Announces Earnings for the Quarter and Six Months Ended June 30, 2024
MUNSTER, Ind., July 24, 2024 (GLOBE NEWSWIRE) -- Finward Bancorp (Nasdaq: FNWD) (the “Bancorp”), the holding company for Peoples Bank (the “Bank”), today announced that net income available to common stockholders was $9.4 million, or $2.21 per diluted share, for...
FINWARD BANCORP ANNOUNCES SECOND QUARTER DIVIDEND
MUNSTER, Ind., June 26, 2024 (GLOBE NEWSWIRE) -- Finward Bancorp (Nasdaq: FNWD) (the “Bancorp” or “Finward”), the holding company for Peoples Bank (the “Bank”), today announced that on June 21, 2024 the Board of Directors of Finward declared a dividend...
Finward Bancorp Announces Earnings for the Quarter Ended March 31, 2024
MUNSTER, Ind., April 24, 2024 (GLOBE NEWSWIRE) -- Finward Bancorp (Nasdaq: FNWD) (the “Bancorp”), the holding company for Peoples Bank (the “Bank”), today announced that net income available to common stockholders was $9.3 million, or $2.17 per diluted share, for...
Source: https://incomestatements.info
Category: Stock Reports