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NASDAQ · Banks - Regional · USD

Finward Bancorp (FNWD) Stock Analysis

Finward Bancorp (FNWD) is a Banks - Regional stock listed on NASDAQ and quoted in US Dollar.

Last Updated: October 21, 2026

FNWD

$42.28

−$0.15 (−0.35%)

Oct 21, 2026 · Market close

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Price History

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FNWD Key Statistics

As of Oct 21, 2026
Trading
Open
$42.49
Previous Close
$42.43
Day's Range
42.14–42.49
52-Week Range
30.05–45.90
Volume
3.73K
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
0.18
Valuation
Market Cap
$183.11M
P/E Ratio
18.63
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
13.51
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
1.72
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
2.65
EPS (ttm)Profit attributable to each share over the last twelve months.
2.27
Financials (FY)
Revenue (FY)
$66.04M−7.11%
Net Income (FY)
$8.09M−33.33%
Profit marginThe share of revenue left as profit after all costs and taxes.
14.23%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
4.33M
1-Year Return
+29.32%
Dividend and dates
Dividend
$0.48+1.13%
Ex-Dividend Date
September 18, 2026
Earnings Date
October 27, 2026estimated
Avg Volume
16.70K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, FNWD closed at $42.28, +29.32% over 1 year.

Finward Bancorp (FNWD) has a market capitalization of $183.11M.

In fiscal 2025, FNWD reported revenue of $66.04M.

FNWD Stock Return by Calendar Year

Finward Bancorp (FNWD) 10-year return: what $10,000 became

1 year
$10,000 $12,932
+29.32%
5 years
$10,000 $11,247
+12.47%
10 years
$10,000 $16,606
+66.06%

If you had invested $10,000 in Finward Bancorp (FNWD) 10 years ago, at the close on October 21, 2016, it would have been worth $16,606 at the close on October 21, 2026: +66.06% in total, +5.20% a year, with dividends reinvested. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+20.96%
2025+27.11%
2024+13.44%
2023−27.57%
2022−18.54%
2021+30.73%
2020−18.31%
2019+9.79%
2018−0.69%
2017+17.78%
2016 (partial year)+34.03%

As of October 21, 2026.

FNWD Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$66.04M$8.09M12.2%
2024$71.09M$12.13M17.1%
2023$65.30M$8.38M12.8%
2022$78.66M$15.08M19.2%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$66.04M——$8.09M12.2%
2024$71.09M——$12.13M17.1%
2023$65.30M——$8.38M12.8%
2022$78.66M——$15.08M19.2%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

FNWD Dividend History

$0.48+0.0% vs 2024

Dividends per share, 2025 · 4 payments

YearDividends per sharePaymentsChange
2026*$0.363—
2025$0.484+0.0%
2024$0.484−48.4%
2023$0.933−25.0%
YearDividends per sharePaymentsChange
2026 (partial year)$0.363—
2025$0.484+0.0%
2024$0.484−48.4%
2023$0.933−25.0%
2022$1.244+0.0%
2021$1.244+0.0%
2020$1.244+0.8%
2019$1.234+3.4%
2018$1.194+3.5%
2017$1.154+310.7%
2016$0.281—

Most recent payment: $0.12 per share, ex-dividend September 18, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

FNWD Valuation vs Banks - Regional Median

Median of 326 stocks
MetricFNWDBanks - Regional medianvs median
P/E18.6312.0355% above
P/S ratio2.653.5826% below
Profit margin14.23%29.44%15.2 pts below

Medians across 326 Banks - Regional stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

Finward Bancorp (FNWD) carries a market capitalisation of $183.11M. The company sits in the Financial Services sector, in the Banks - Regional industry. The company reports 296 employees.

Over the past 52 weeks the price has ranged from $30.05 to $45.90. FNWD last closed at $42.28 on October 21, 2026. That is −$0.15 (−0.35%) against the previous close. The latest close sits 40.7% above that 52-week low.

Financial Health

In fiscal 2025, Finward Bancorp reported revenue of $66.04M. Against the prior fiscal year total of $71.09M, that is a change of −7.11%. The same year closed with net income of $8.09M. That is −33.33% against the prior fiscal year. The reported profit margin is 14.23%. That is 15.2 percentage points below the Banks - Regional median of 29.44%. Earnings per share on a trailing basis come to 2.27.

Across the 4 fiscal years on file, revenue moves from $78.66M in 2022 to $66.04M in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

FNWD trades at a trailing price-to-earnings ratio of 18.63. That is 54.86% above the Banks - Regional median of 12.03. On forward earnings the ratio is 13.51. The PEG ratio, which sets the P/E against expected earnings growth, reads 1.72. Measured against sales, the shares trade at 2.65 times revenue. On price-to-sales that is 25.84% below the Banks - Regional median of 3.58. The medians here are taken across 326 Banks - Regional companies that report the metric.

Over the trailing twelve months the total return is +29.32%. Measured over 10 years, that is +5.20% a year compounded. Beta against the wider market is reported at 0.18. Annualized volatility over the trailing 10 years is 24.4%.

Growth & Income

The trailing dividend yield is 1.13%. That is 1.6 percentage points below the Banks - Regional median yield of 2.68%. The indicated annual rate is $0.48 a share. The ex-dividend date on file is September 18, 2026. Dividends are recorded for 11 calendar years; 2026 shows 3 payments totalling $0.36 a share. The year before, 2025, totalled $0.48 a share.

Across the complete calendar years on file, 2021 returned +30.73% and 2023 returned −27.57%. Of the 9 complete calendar years on file, 5 finished higher. So far in 2026 the total return is +20.96%.

Peer Comparison

Finward Bancorp (FNWD) operates in the Banks - Regional industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Finward Bancorp FNWD $183.11M 18.6
Mizuho Financial Group, Inc. MFG $120.84B 13.7
HDFC Bank Limited HDB $116.51B 14.6
Itaú Unibanco Holding S.A. ITUB $106.91B 12.4

The Banks - Regional industry average P/E ratio is 12.0x. Finward Bancorp trades at a P/E of 18.6.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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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 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 and multifamily loans; consumer loans to individuals for personal, household, or family purposes; home equity line of credit; home improvement and equity loans; commercial business loans; government loans; and loans to municipalities. The company also offers estate and retirement planning, guardianships, land trusts, profit sharing and 401(k) retirement plans, IRA and Keogh accounts, and investment agency accounts, as well as acts as personal representative of estates, and trustee for revocable and irrevocable trusts. In addition, it provides insurance and annuity investments to wealth management customers; holds security investments and real estate properties; and operates as a real estate investment trust. The company was formerly known as NorthWest Indiana Bancorp and changed its name to Finward Bancorp in March 1994. Finward Bancorp was founded in 1916 and is headquartered in Munster, Indiana.

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