Finward Bancorp (FNWD)
Nasdaq · Savings Institution, Federally Chartered · Finance, insurance and real estate · CIK 919864 · fiscal year ends in Dec
Closing price $43.44 on 30 Oct 2026; 52-week range $30.34 to $45.28.
Key figures
The last twelve months reported, with the latest price and balance sheet.
- Revenue, last twelve months
- $68.9M
- Revenue growth
- 8.8%
- Net income, last twelve months
- $9.8M
- Earnings per share
- $2.27
- Net margin
- 14.2%
- Free cash flow
- $16.6M
- Return on equity
- 5.5%
- Market value
- $188.2M
- Price to earnings
- 19.1x
- Dividend yield
- 1.1%
- Cash
- $94.6M
- Debt
- $95.3M
- Debt to equity
- 0.53
- Shares outstanding
- 4.3M
Financial statements
Revenue, profit and cash flow by fiscal year, each year linked to its annual report.
| Fiscal year | Year end | Revenue | Operating income | Net income | EPS | Free cash flow | Filing |
|---|---|---|---|---|---|---|---|
| FY2025 | 31 Dec 2025 | $66.0M | – | $8.1M | $1.88 | $9.0M | 10-K filed 25 Mar 2026 |
| FY2024 | 31 Dec 2024 | $71.1M | – | $12.1M | $2.84 | $6.7M | 10-K filed 31 Mar 2025 |
| FY2023 | 31 Dec 2023 | $65.3M | – | $8.4M | $1.96 | $23.1M | 10-K filed 28 Mar 2024 |
| FY2022 | 31 Dec 2022 | $78.7M | – | $15.1M | $3.60 | $14.7M | 10-K filed 30 Mar 2023 |
| FY2021 | 31 Dec 2021 | $64.5M | – | $15.0M | $4.30 | $13.9M | 10-K filed 30 Mar 2022 |
By quarter
| Quarter | Quarter end | Revenue | Net income | EPS |
|---|---|---|---|---|
| Q2 FY2026 | 30 Jun 2026 | $17.6M | $2.1M | $0.48 |
| Q1 FY2026 | 31 Mar 2026 | $17.5M | $2.2M | $0.52 |
| Q4 FY2025 | 31 Dec 2025 | $16.5M | $2.0M | $0.46 |
| Q3 FY2025 | 30 Sep 2025 | $17.4M | $3.5M | $0.81 |
| Q2 FY2025 | 30 Jun 2025 | $16.6M | $2.2M | $0.50 |
| Q1 FY2025 | 31 Mar 2025 | $15.5M | $455.0K | $0.11 |
| Q4 FY2024 | 31 Dec 2024 | $16.3M | $2.1M | $0.50 |
| Q3 FY2024 | 30 Sep 2024 | $14.9M | $606.0K | $0.14 |
Company events
The newest 8-K filings of 300 held.
| Filed | Form | Event | Items |
|---|---|---|---|
| 27 Oct 2026 | 8-K | Results | 2.02, 9.01 |
| 4 Sep 2026 | 8-K | Other events | 8.01 |
| 28 Jul 2026 | 8-K | Results | 2.02, 9.01 |
| 21 Jul 2026 | 8-K | Material agreement, Investor update | 1.01, 7.01, 9.01 |
| 6 Jul 2026 | 8-K | Other events | 8.01 |
| 3 Jun 2026 | 8-K | Other events | 8.01, 9.01 |
| 28 May 2026 | 8-K/A | Shareholder vote | 5.07 |
| 26 May 2026 | 8-K | Shareholder vote | 5.07 |
| 28 Apr 2026 | 8-K | Results | 2.02, 9.01 |
| 2 Mar 2026 | 8-K | Other events | 8.01, 9.01 |
| 24 Feb 2026 | 8-K | Leadership change, Other events | 5.02, 8.01 |
| 27 Jan 2026 | 8-K | Results | 2.02, 9.01 |
Every filing
The newest filings with the SEC of 551 held.
| Filed | Form | Period |
|---|---|---|
| 27 Oct 2026 | 425 | – |
| 27 Oct 2026 | 8-K | 27 Oct 2026 |
| 28 Sep 2026 | DEFM14A | – |
| 4 Sep 2026 | 8-K | 4 Sep 2026 |
| 14 Aug 2026 | N-PX | 30 Jun 2025 |
| 13 Aug 2026 | 10-Q | 30 Jun 2026 |
| 28 Jul 2026 | 8-K | 28 Jul 2026 |
| 21 Jul 2026 | 425 | – |
| 21 Jul 2026 | 425 | – |
| 21 Jul 2026 | 425 | – |
| 21 Jul 2026 | 425 | – |
| 21 Jul 2026 | 8-K | 21 Jul 2026 |
Insider trades
Form 4 trades by officers, directors and 10% owners, last 12 months.
| Traded | Insider | Type | Shares | Price | Value | Held after | Form 4 |
|---|---|---|---|---|---|---|---|
| 25 Sep 2026 | Scheub Todd M., Executive Vice President | Plan purchase | 32 | $43.48 | $1.4K | 11,759 | 28 Sep 2026 |
| 25 Sep 2026 | Puntillo Anthony, Director | Plan purchase | 5 | $43.46 | $234 | 2,326 | 28 Sep 2026 |
| 25 Sep 2026 | Bochnowski Benjamin J, President, CEO | Plan purchase | 5 | $43.48 | $224 | 1,874 | 28 Sep 2026 |
| 25 Sep 2026 | Lowry Robert T, Executive Vice President | Plan purchase | 42 | $43.48 | $1.8K | 15,286 | 28 Sep 2026 |
| 30 Jun 2026 | Johnson Robert E. Iii, Director | Plan purchase | 5 | $35.75 | $195 | 3,753 | 2 Jul 2026 |
| 30 Jun 2026 | Lowry Robert T, Executive Vice President | Plan purchase | 51 | $36.00 | $1.8K | 15,244 | 1 Jul 2026 |
| 30 Jun 2026 | Han Amy Wong, Director | Plan purchase | 4 | $35.75 | $128 | 8,560 | 1 Jul 2026 |
| 30 Jun 2026 | Scheub Todd M., Executive Vice President | Plan purchase | 39 | $36.00 | $1.4K | 11,727 | 1 Jul 2026 |
| 30 Jun 2026 | Puntillo Anthony, Director | Plan purchase | 7 | $35.75 | $233 | 2,321 | 1 Jul 2026 |
| 30 Jun 2026 | Bochnowski Benjamin J, President, CEO | Plan purchase | 6 | $36.00 | $223 | 1,868 | 1 Jul 2026 |
| 31 Mar 2026 | Scheub Todd M., Executive Vice President | Plan purchase | 38 | $36.50 | $1.4K | 11,688 | 1 Apr 2026 |
| 31 Mar 2026 | Bochnowski Benjamin J, President, CEO | Plan purchase | 6 | $36.50 | $223 | 1,862 | 1 Apr 2026 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| Filed | Holder | Schedule | Stake | Shares |
|---|---|---|---|---|
| 14 Nov 2025 | AllianceBernstein L.P. | 13G amended | 9.3% | 403.7K |
Short interest
Shares sold short and not yet bought back, on each FINRA settlement date.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 112.6K | +0.48% | 13.76 |
| 30 Sep 2026 | 112.0K | -0.84% | 10.34 |
| 15 Sep 2026 | 113.0K | +2.25% | 8.11 |
| 31 Aug 2026 | 110.5K | -0.72% | 12.59 |
| 14 Aug 2026 | 111.3K | +75.85% | 6.34 |
| 31 Jul 2026 | 63.3K | -25.08% | 1.82 |
| 15 Jul 2026 | 84.5K | -3.35% | 8.51 |
| 30 Jun 2026 | 87.4K | -18.62% | 1.55 |
Funds that hold it
From each fund's latest Form 13F.
89 funds held it at 30 Jun 2026: 33 added and 20 trimmed in the quarter. The largest:
| Fund | Shares | Value | Change in the quarter |
|---|---|---|---|
| AllianceBernstein L.P. | 417,190 | $15.1M | +3,455 |
| PL Capital Advisors, LLC | 395,716 | $14.6M | 0 |
| Vanguard Capital Management LLC | 162,149 | $6.0M | -153 |
| Finward Bancorp | 131,360 | $4.8M | -200 |
| Endeavour Capital Advisors Inc. | 99,543 | $3.7M | 0 |
| Elizabeth Park Capital Advisors, Ltd. | 57,622 | $2.1M | +57,622 |
| Wellington Management Group LLP | 53,656 | $2.0M | -1,554 |
| Raffles Associates LP | 53,160 | $2.0M | +26,580 |
| Renaissance Technologies LLC | 45,300 | $1.7M | +200 |
| Hotchkis & Wiley Capital Management LLC | 44,940 | $1.7M | +300 |
Peers
Companies in the same industry.
- HSBC Holdings plc (HSBC): revenue $68.3B, market value $293.3B
- Axos Financial, Inc. (AX): revenue $1.6B, market value $5.1B
- Eastern Bankshares, Inc. (EBC): revenue $1.1B, market value $5.1B
- TFS Financial Corp. (TFSL): revenue $343.7M, market value $4.6B
- BankUnited, Inc. (BKU): revenue $1.1B, market value $3.1B
- Provident Financial Services Inc. (PFS): revenue $907.3M, market value $3.0B
- Capitol Federal Financial, Inc. (CFFN): revenue $229.2M, market value $1.1B
- HomeTrust Bancshares, Inc. (HTB): revenue $216.6M, market value $774.2M
- Kearny Financial Corp. (KRNY): revenue $178.1M, market value $589.6M
- Ponce Financial Group, Inc. (PDLB): revenue $120.0M, market value $543.9M