Finward Bancorp (FNWD) financial statements
Finward Bancorp reported revenue of $66M in fiscal 2025, up 6.4% a year over 9 years.
Net income was $8M.
Free cash flow was $9M, and the company returned $2M in dividends.
The diluted share count rose 50% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Finward Bancorp's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $38M | $39M | $43M | $54M | $64M | $65M | $79M | $65M | $71M | $66M |
| Interest expense | $2M | $3M | $5M | $9M | $6M | $2M | $5M | $31M | — | — |
| Pre-tax income | $12M | $12M | $11M | $14M | $19M | $16M | $17M | $8M | $13M | $8M |
| Income tax | $3M | $3M | $1M | $2M | $3M | $1M | $1M | -$335,000 | $1M | $23,000 |
| Net income | $9M | $9M | $9M | $12M | $16M | $15M | $15M | $8M | $12M | $8M |
| EPS (diluted) | $3.20 | $3.13 | $3.17 | $3.53 | $4.60 | $4.30 | $3.60 | $1.96 | $2.84 | $1.88 |
| Diluted shares | 3M | 3M | 3M | 3M | 3M | 3M | 4M | 4M | 4M | 4M |
| Net margin | 24.3% | 23.3% | 21.5% | 22.5% | 24.9% | 23.2% | 19.2% | 12.8% | 17.1% | 12.2% |
Balance sheet
Fiscal years, from Finward Bancorp's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $44M | $11M | $17M | $47M | — | — | — | — | — | — |
| Property, plant and equipment | $19M | $20M | $25M | $29M | $31M | $31M | $40M | $38M | $47M | $45M |
| Goodwill | $3M | $3M | $8M | $11M | $11M | $11M | $22M | $22M | $22M | $22M |
| Total assets | $914M | $927M | $1.1B | $1.3B | $1.5B | $1.6B | $2.1B | $2.1B | $2.1B | $2.0B |
| Total liabilities | $830M | $835M | $995M | $1.2B | $1.3B | $1.5B | $1.9B | $2.0B | $1.9B | $1.8B |
| Shareholders' equity | $84M | $92M | $101M | $134M | $152M | $157M | $130M | $147M | $151M | $175M |
| Net debt | -$44M | -$11M | -$17M | -$47M | — | — | — | — | — | — |
Cash flow
Fiscal years, from Finward Bancorp's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $10M | $12M | $11M | $11M | $20M | $17M | $18M | $24M | $10M | $10M |
| Capital spending | $2M | $2M | $1M | $3M | $4M | $3M | $3M | $1M | $3M | $853,000 |
| Free cash flow | $9M | $11M | $10M | $8M | $16M | $14M | $15M | $23M | $7M | $9M |
| Stock-based compensation | $142,000 | $192,000 | $204,000 | $301,000 | $415,000 | $574,000 | $741,000 | $719,000 | $565,000 | $447,000 |
| Dividends paid | $3M | $3M | $3M | $4M | $4M | $4M | $5M | $5M | $2M | $2M |
| Free cash flow margin | 23.0% | 27.6% | 21.9% | 14.7% | 25.0% | 21.6% | 18.7% | 35.3% | 9.5% | 13.7% |
| Dividends per share | $1.10 | $1.14 | $1.16 | $1.19 | $1.24 | $1.24 | $1.21 | $1.25 | $0.48 | $0.36 |
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Open FNWD in InvestinglyQuestions
What was Finward Bancorp's revenue in 2025?
$66M in fiscal 2025, from its 10-K filing.
How much free cash flow does Finward Bancorp generate?
$9M in fiscal 2025 (operating cash flow minus capital spending).
From Finward Bancorp's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.