Finward BancorpFNWD
What Finward Bancorp does.
Finward Bancorp, an Indiana corporation, was incorporated on January 31, 1994, and is the holding company for Peoples Bank, an Indiana-chartered commercial bank. The Bank is a wholly owned subsidiary of the Company. The Company has no other business activity other than being a holding company for the Bank and the Company’s earnings are primarily dependent upon the earnings of the Bank.
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. In addition, the Company's Wealth Management Group provides estate and retirement planning, guardianships, land trusts, profit sharing and 401(k) retirement plans, IRA and Keogh accounts, investment agency accounts, and serves as the personal representative of estates and acts as trustee for revocable and irrevocable trusts.
The Company monitors and evaluates financial performance on a Company-wide basis and the majority of the Company’s revenue is from the business of banking. Accordingly, all of the Company’s operations are considered by management to be aggregated in one reportable operating segment.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $64.0M | $64.5M | $78.7M | $65.3M | $71.1M | $66.0M |
| Net income | $15.9M | $15.0M | $15.1M | $8.4M | $12.1M | $8.1M |
| Free cash flow | $16.0M | $13.9M | $14.7M | $23.1M | $6.7M | $9.0M |
More on FNWD.
- Finward Bancorp summary
- Finward Bancorp financial statements
- Finward Bancorp key metrics
- Finward Bancorp health scores and style box
- Finward Bancorp earnings
- Finward Bancorp dividends
- Finward Bancorp valuation
- Finward Bancorp ownership and insiders
- Finward Bancorp peers
Figures from Finward Bancorp's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.