Finward Bancorp
investorrelations.ibankpeoples.comWhat Do They Do?
Takes deposits and makes residential and commercial real estate, business and consumer loans, and provides wealth management services to consumers, businesses and municipalities.
10-K for FY2025, filed Mar 25, 2026
How Do They Make Money?
Earns its main income from the difference between interest on loans and investments and interest paid on deposits and borrowings; fees, service charges and wealth management income also contribute.
10-K for FY2025, filed Mar 25, 2026Finward Bancorp is a financial holding company registered with the Board of Governors of the Federal Reserve System. Peoples Bank, an…View ↗
$91.8M
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10-K for FY2025, filed Mar 25, 2026
$91.8M ↗
Who Are Their Customers?
The bank takes deposits from the general public and makes loans to households, businesses and municipalities. Loan referrals come from commercial customers, real estate brokers and builders; bank staff and advertising also generate leads.
10-K for FY2025, filed Mar 25, 2026
Do Revenues Turn Into Profits?
Yes. It kept 9 cents of every revenue dollar as net income in FY2025 and turned 10 cents into free cash flow.
How Are They Changing?
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Jul 21, 2026
Agreed to merge with First Financial Bancorp.
Finward and Peoples Bank are expected to merge into First Financial and First Financial Bank, subject to shareholder and regulatory approvals.
Sources
8-K, filed Jul 21, 2026
On July 21, 2026, Finward Bancorp, an Indiana corporation (the “Company”), entered into an Agreement and Plan of Merger (the “Merger…View ↗
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Jul 6, 2026
Regulators terminated Peoples Bank’s memorandum of understanding
The FDIC and Indiana’s financial regulator ended the MOU effective immediately.
Sources
8-K, filed Jul 6, 2026
As previously disclosed by Finward Bancorp (the “Bancorp”), on August 9, 2024, Peoples Bank, the wholly-owned Indiana-chartered commercial…View ↗
Growing. Revenue grew 81% in 4 years, from $50.7M in FY2021 to $91.8M in FY2025, about 16% a year.
Captive insurance
The older report included NWIN Risk Management, a captive insurance company, among Finward’s activities; the latest describes it as a holding company only for Peoples Bank.
10-K for FY2022, filed Mar 30, 2023 10-K for FY2025, filed Mar 25, 2026Finward Bancorp, an Indiana corporation (the “Bancorp” or “Finward”), was incorporated on January 31, 1994, and is the holding company for…View ↗
Finward Bancorp, an Indiana corporation, was incorporated on January 31, 1994, and is the holding company for Peoples Bank, an…View ↗
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