Finward Bancorp - Understand $fnwd stock

$FNWD Market Cap: $133.8 Million

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$66.58M

TTM

Gross Margin

Net Earnings

$11.54M

TTM

Current Assets

Current Liabilities

$81.30M

Q3 2024

Current Ratio

Total Assets

$2.075B

Q3 2024

Total Liabilities

$1.915B

Q3 2024

Book Value

$159.6M

Q3 2024

Cash

$71.65M

Q3 2024

P/E

11.59

Nov 29, 2024 EST

Free Cash Flow

-$2.377M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	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	1995
Revenue	$85.78M	$72.04M	$50.66M	$51.62M	$52.25M	$39.45M	$33.36M	$32.40M	$29.38M	$27.18M	$26.16M	$26.08M
YoY Change	19.09%	42.21%	-1.87%	-1.2%	32.45%	18.26%	2.96%	10.26%	8.09%	3.92%	0.31%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Revenue	$85.78M	$72.04M	$50.66M	$51.62M	$52.25M	$39.45M	$33.36M	$32.40M	$29.38M	$27.18M	$26.16M	$26.08M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	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	1995
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$7.163M	$3.000M	$2.500M	$2.300M	$1.900M	$1.500M	$1.400M	$1.350K	$1.390M	$1.360M	$1.300M	$1.361M	$2.330M	$2.140M	$1.600M	$1.430M	$1.460M	$1.390M	$1.570M	$1.500M	$1.020M	$1.270M	$970.0K	$860.0K	$930.0K	$910.0K	$710.0K	$550.0K	$390.0K
YoY Change	138.77%	20.0%	8.7%	21.05%	26.67%	7.14%	103603.7%	-99.9%	2.21%	4.62%	-4.48%	-41.59%	8.88%	33.75%	11.89%	-2.05%	5.04%	-11.46%	4.67%	47.06%	-19.69%	30.93%	12.79%	-7.53%	2.2%	28.17%	29.09%	41.03%	11.43%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Interest Expense	$31.23M	$4.886M	$2.080M	$5.740M	$9.092M	$5.091M	$2.592M	$2.345M	$2.013M	$1.820M	$1.730M	$2.348M
YoY Change	539.13%	134.9%	-63.76%	-36.87%	78.59%	96.41%	10.53%	16.49%	10.6%	5.2%	-26.32%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	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	1995
Pretax Income	$8.045M	$16.56M	$16.38M	$18.71M	$13.86M	$10.77M	$11.83M	$11.69M	$9.650M	$9.547M	$9.515M	$8.794M	$6.560M	$5.980M	$1.680M	$7.380M	$7.240M	$9.150M	$9.790M	$9.510M	$9.350M	$8.770M	$7.460M	$7.060M	$7.010M	$6.220M	$5.640M	$3.610M	$5.130M
YoY Change	-51.41%	1.11%	-12.45%	35.0%	28.69%	-8.99%	1.2%	21.14%	1.08%	0.34%	8.2%	34.05%	9.7%	255.95%	-77.24%	1.93%	-20.87%	-6.54%	2.94%	1.71%	6.61%	17.56%	5.67%	0.71%	12.7%	10.28%	56.23%	-29.63%	-4.29%
Income Tax	-$335.0K	$1.478M	$1.414M	$2.774M	$1.759M	$1.430M	$2.869M	$2.548M	$1.798M	$2.153M	$2.397M	$1.941M	$1.180M	$800.0K	-$810.0K	$1.450M	$1.650M	$2.670M	$3.120M	$3.220M	$3.410M	$3.280M	$2.750M	$2.690M	$2.780M	$2.460M	$2.220M	$1.420M	$2.030M
% Of Pretax Income	-4.16%	8.93%	8.63%	14.83%	12.69%	13.28%	24.25%	21.8%	18.63%	22.55%	25.19%	22.07%	17.99%	13.38%	-48.21%	19.65%	22.79%	29.18%	31.87%	33.86%	36.47%	37.4%	36.86%	38.1%	39.66%	39.55%	39.36%	39.34%	39.57%
Net Earnings	$8.380M	$15.08M	$14.96M	$15.93M	$12.10M	$9.337M	$8.961M	$9.142M	$7.852M	$7.394M	$7.118M	$6.853M	$5.390M	$5.180M	$2.490M	$5.930M	$5.590M	$6.480M	$6.670M	$6.290M	$5.940M	$5.490M	$4.710M	$4.370M	$4.240M	$3.760M	$3.420M	$2.190M	$3.100M
YoY Change	-44.43%	0.78%	-6.08%	31.7%	29.56%	4.2%	-1.98%	16.43%	6.19%	3.88%	3.87%	27.14%	4.05%	108.03%	-58.01%	6.08%	-13.73%	-2.85%	6.04%	5.89%	8.2%	16.56%	7.78%	3.07%	12.77%	9.94%	56.16%	-29.35%	-4.02%
Net Earnings / Revenue	9.77%	20.93%	29.54%	30.86%	23.15%	23.67%	26.86%	28.22%	26.72%	27.2%	27.21%	26.28%
Basic Earnings Per Share	$1.96	$3.61	$4.30	$4.60	$3.53	$3.17	$3.13	$3.20	$2.75	$2.60	$2.50	$2.41
Diluted Earnings Per Share	$1.96	$3.596M	$4.30	$4.60	$3.53	$3.17	$3.13	$3.20	$2.75	$2.60	$2.50	$2.41	$1.905M	$1.837M	$886.1K	$2.095M	$1.975M	$2.306M	$2.374M	$2.238M	$2.137M	$1.989M	$1.719M	$1.595M	$1.520M	$1.348M	$1.226M	$787.8K	$1.119M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	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	1995
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$38.44M	$40.21M	$31.40M	$30.80M	$29.40M	$24.80M	$19.60M	$19.30M	$18.90M	$17.70M	$17.30M	$17.70M	$18.20M	$19.30M	$19.60M	$19.10M	$16.30M	$14.60M	$14.50M	$14.20M	$14.40M	$9.500M	$8.200M	$7.900M	$6.500M	$6.700M	$6.800M	$7.100M	$5.300M
YoY Change	-4.42%	28.06%	1.95%	4.76%	18.55%	26.53%	1.55%	2.12%	6.78%	2.31%	-2.26%	-2.75%	-5.7%	-1.53%	2.62%	17.18%	11.64%	0.69%	2.11%	-1.39%	51.58%	15.85%	3.8%	21.54%	-2.99%	-1.47%	-4.23%	33.96%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets					$3.300M	$3.900M	$1.600M	$3.500M	$2.100M	$1.400M													$1.300M	$1.200M	$1.400M	$900.0K	$800.0K	$700.0K	$600.0K
YoY Change					-15.38%	143.75%	-54.29%	66.67%	50.0%														8.33%	-14.29%	55.56%	12.5%	14.29%	16.67%
Total Long-Term Assets
YoY Change
Total Assets	$2.108B	$2.070B	$1.621B	$1.496B	$1.329B	$1.096B	$927.3M	$913.6M	$864.9M	$775.0M	$693.5M	$691.8M	$651.8M	$631.1M	$661.8M	$664.7M	$628.7M	$619.0M	$627.4M	$557.4M	$508.8M	$488.0M	$440.7M	$392.3M	$361.7M	$345.4M	$319.6M	$299.4M	$280.9M
YoY Change
Accounts Payable
YoY Change
Accrued Expenses	$29.39M	$23.43M	$15.30M	$22.40M	$14.80M	$10.30M	$10.00M	$9.900M	$11.10M	$11.00M	$8.900M	$8.300M	$9.900M	$6.100M	$5.200M	$9.000M	$5.700M	$4.500M	$4.100M	$4.500M	$4.700M	$6.100M	$4.600M	$3.900M	$4.000M	$3.600M	$3.400M	$2.900M	$2.600M
YoY Change	25.45%	53.11%	-31.7%	51.35%	43.69%	3.0%	1.01%	-10.81%	0.91%	23.6%	7.23%	-16.16%	62.3%	17.31%	-42.22%	57.89%	26.67%	9.76%	-8.89%	-4.26%	-22.95%	32.61%	17.95%	-2.5%	11.11%	5.88%	17.24%	11.54%
Deferred Revenue
YoY Change
Short-Term Debt	$38.12M	$135.5M	$14.60M	$13.70M	$11.50M	$11.60M	$11.30M	$14.00M	$18.50M	$17.50M	$14.00M	$16.30M	$15.40M	$16.10M	$15.90M	$25.80M	$14.20M	$14.70M	$12.10M	$11.50M	$11.50M	$12.60M	$15.60M	$11.90M	$3.100M	$3.900M	$4.500M	$4.000M	$2.400M
YoY Change	-71.86%	828.1%	6.57%	19.13%	-0.86%	2.65%	-19.29%	-24.32%	5.71%	25.0%	-14.11%	5.84%	-4.35%	1.26%	-38.37%	81.69%	-3.4%	21.49%	5.22%	0.0%	-8.73%	-19.23%	31.09%	283.87%	-20.51%	-13.33%	12.5%	66.67%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$67.51M	$23.43M	$15.30M	$22.40M	$14.80M	$10.30M	$10.00M	$9.900M	$11.10M	$11.00M	$8.900M	$8.300M	$9.900M	$6.100M	$5.200M	$9.000M	$5.700M	$4.500M	$4.100M	$4.500M	$4.700M	$6.100M	$4.600M	$3.900M	$4.000M	$3.600M	$3.400M	$2.900M	$2.600M
YoY Change	188.2%	53.11%	-31.7%	51.35%	43.69%	3.0%	1.01%	-10.81%	0.91%	23.6%	7.23%	-16.16%	62.3%	17.31%	-42.22%	57.89%	26.67%	9.76%	-8.89%	-4.26%	-22.95%	32.61%	17.95%	-2.5%	11.11%	5.88%	17.24%	11.54%
Long-Term Debt	$80.00M	$0.00	$0.00	$0.00	$0.00	$0.00	$600.0K	$700.0K	$400.0K	$300.0K	$30.90M	$200.0K	$600.0K	$300.0K	$700.0K	$1.000M	$900.0K	$1.700M	$1.600M	$1.000M	$1.400M	$1.900M	$1.700M	$2.200M	$1.600M	$1.400M	$2.100M	$1.300M	$700.0K
YoY Change						-100.0%	-14.29%	75.0%	33.33%	-99.03%	15350.0%	-66.67%	100.0%	-57.14%	-30.0%	11.11%	-47.06%	6.25%	60.0%	-28.57%	-26.32%	11.76%	-22.73%	37.5%	14.29%	-33.33%	61.54%	85.71%
Other Long-Term Liabilities		$23.43M
YoY Change
Total Long-Term Liabilities	$80.00M	$23.43M	$0.00	$0.00	$0.00	$0.00	$600.0K	$700.0K	$400.0K	$300.0K	$30.90M	$200.0K	$600.0K	$300.0K	$700.0K	$1.000M	$900.0K	$1.700M	$1.600M	$1.000M	$1.400M	$1.900M	$1.700M	$2.200M	$1.600M	$1.400M	$2.100M	$1.300M	$700.0K
YoY Change	241.5%					-100.0%	-14.29%	75.0%	33.33%	-99.03%	15350.0%	-66.67%	100.0%	-57.14%	-30.0%	11.11%	-47.06%	6.25%	60.0%	-28.57%	-26.32%	11.76%	-22.73%	37.5%	14.29%	-33.33%	61.54%	85.71%
Total Liabilities	$1.961B	$1.934B	$1.464B	$1.345B	$1.195B	$994.7M	$835.2M	$829.5M	$784.0M	$698.9M	$626.7M	$624.2M	$588.8M	$575.0M	$608.7M	$612.0M	$576.0M	$569.0M	$581.0M	$513.3M	$467.2M	$448.9M	$404.8M	$358.8M	$329.2M	$314.1M	$290.1M	$271.6M	$253.7M
YoY Change	1.4%	32.09%	8.89%	12.56%	20.1%	19.1%	0.69%	5.8%	12.18%	11.52%	0.4%	6.01%	2.4%	-5.54%	-0.54%	6.25%	1.23%	-2.07%	13.19%	9.87%	4.08%	10.89%	12.82%	8.99%	4.81%	8.27%	6.81%	7.06%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Basic Shares Outstanding	4.274M	4.176M	3.477M	3.462M	3.425M	2.949M	2.864M	2.859M shares	2.851M shares	2.844M shares	2.842M shares	2.840M shares
Diluted Shares Outstanding	4.282M	4.193M	3.477M	3.462M	3.425M	2.949M	2.864M	2.859M shares	2.851M shares	2.844M shares	2.842M shares	2.840M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $133.77 Million

About Finward Bancorp

Finward Bancorp is a bank holding company, which engages in the provision of financial services. The company is headquartered in Munster, Indiana and currently employs 276 full-time employees. The Bank is primarily engaged in the business of attracting deposits from the general public and the origination of loans, mostly upon the security of single family residences and commercial real estate, as well as, construction loans and various types of consumer loans, commercial business loans and municipal loans, within its primary market areas of Lake and Porter Counties, in Northwest Indiana, and Cook County, Illinois. The firm offers consumer loans to individuals for personal, household or family purposes. Consumer loans are either secured by adequate collateral, or unsecured. In addition, the Company's Wealth Management Group provides estate and retirement planning, custodial services, guardianships, IRA accounts, investment agency accounts, serves as the personal representative of estates, and acts as corporate trustee for revocable and irrevocable trusts.

Industry: Savings Institution, Federally Chartered Peers: Eagle Bancorp Montana, Inc. Embassy Bancorp, Inc. HAWTHORN BANCSHARES, INC. FNCB Bancorp, Inc. First Northwest Bancorp MIDDLEFIELD BANC CORP Oak Valley Bancorp Richmond Mutual Bancorporation, Inc. PNC FINANCIAL SERVICES GROUP, INC.