Finward Bancorp (FNWD) Income Statement Analysis

See more : Dah Sing Banking Group Limited (2356.HK) Income Statement Analysis – Financial Results

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)

Industry: Banks - Regional

Sector: Financial Services

Website: https://www.ibankpeoples.com

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

New Strong Sell Stocks for March 14th

March 14, 2024zacks.com

ADTN, TCS and FNWD have been added to the Zacks Rank #5 (Strong Sell) List on March 14, 2024.

BENJAMIN SCHMITT APPOINTED SENIOR VICE PRESIDENT, CHIEF FINANCIAL OFFICER OF FINWARD BANCORP AND PEOPLES BANK

February 21, 2024globenewswire.com

Munster, Ind, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Finward Bancorp (Nasdaq: FNWD) (the “Bancorp” or “Finward”) and its wholly-owned subsidiary, Peoples Bank (the “Bank” or “Peoples”), announced today the appointment of Benjamin Schmitt as the Senior Vice President, Chief Financial...

Finward Bancorp Announces Earnings For the Twelve Months and Quarter Ended December 31, 2023

January 30, 2024globenewswire.com

MUNSTER, Ind., Jan. 30, 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 $8.4 million, or $1.96 per diluted share, for...

New Strong Buy Stocks for January 4th

January 4, 2024zacks.com

IMGN, GTLB, FNWD, BL and TMHC have been added to the Zacks Rank #1 (Strong Buy) List on January 4, 2024.

FINWARD BANCORP ANNOUNCES FOURTH QUARTER DIVIDEND

December 26, 2023globenewswire.com

MUNSTER, Ind., Dec. 26, 2023 (GLOBE NEWSWIRE) -- Finward Bancorp (Nasdaq: FNWD) (the “Bancorp” or “Finward”), the holding company for Peoples Bank (the “Bank”), today announced that on December 22, 2023 the Board of Directors of Finward declared a dividend...

Finward Bancorp Announces Earnings for the Nine Months and Quarter Ended September 30, 2023

October 25, 2023globenewswire.com

MUNSTER, Ind., Oct. 25, 2023 (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 $6.9 million, or $1.60 per diluted share, for...

New Strong Sell Stocks for September 22nd

September 22, 2023zacks.com

CMTG, CBRE and FNWD have been added to the Zacks Rank #5 (Strong Sell) List on September 22, 2023.

FINWARD BANCORP ANNOUNCES THIRD QUARTER DIVIDEND

August 22, 2023globenewswire.com

MUNSTER, Ind., Aug. 22, 2023 (GLOBE NEWSWIRE) -- Finward Bancorp ("Finward"), the parent company for Peoples Bank, today announced that on August 21, 2023, the Board of Directors of Finward declared a dividend of $0.31 per share payable on October 5, 2023, with a...

Finward Bancorp Announces Earnings for the Six and Three Months Ended June 30, 2023

July 26, 2023globenewswire.com

MUNSTER, Ind., July 26, 2023 (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 $4.7 million, or $1.09 per diluted share, for...

A True Value Story: Good Credit At Finward Bancorp

August 11, 2021seekingalpha.com

Small, hidden, and totally underfollowed: this is why Finward Bancorp is a deep value play. FNWD is silently growing at a ridiculous speed for a commercial bank, revenue growth, margins expansion, and assets growth, and no one knows.

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Source: https://incomestatements.info
Category: Stock Reports

Finward Bancorp (FNWD) Income Statement Analysis – Financial Results

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