Stocktoria

Finward Bancorp FNWD

Nasdaq · stock · Savings Institution, Federally Chartered · website · IPO 1998-03-18

Finward Bancorp statistics & valuation

Market cap$147.5M
P / E18.2×
P / B0.8×
P / FCF16.3×
Dividend yield1.06%
Return on equity4.6%
Graham number -8.2%$41.32

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($41.32); a green figure means the price is below it.

Profitability & efficiency

Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
2016201720182019202020212022202320242025
Return on equity (%)
10.90% 9.70% 9.20% 9.10% 10.50% 9.60% 11.60% 5.70% 8.00% 4.60% 2016201720182019202020212022202320242025
Shares outstanding
2.9M 2.9M 3.0M 3.5M 3.5M 3.5M 4.3M 4.3M 4.3M 4.3M 2016201720182019202020212022202320242025
Net debt ($)
2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
1.00% 1.00% 0.90% 0.90% 1.10% 0.90% 0.70% 0.40% 0.60% 0.40% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
2016201720182019202020212022202320242025
EPS ($)
$3.20 $3.13 $3.17 $3.53 $4.60 $4.30 $3.60 $1.96 $2.84 $1.88 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Finward Bancorp trades at about 23.9× earnings — above its 10-year norm (10-year range 8.6×–19.5×, median 12.3×).

8.6× 23.9×

Shaded band = 10-year range (8.6×–19.5×); dot = today's 23.9×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Return on assets0.4%0.6%0.4%0.7%0.9%1.1%0.9%0.9%1.0%1.0%
Return on equity4.6%8.0%5.7%11.6%9.6%10.5%9.1%9.2%9.7%10.9%

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.