10x Insights
Loading account…
Companies / Financials / Finward Bancorp
FNWD

Finward Bancorp

FinancialsBanks & Brokers
Ticker FNWDMUNSTER, INFiscal year ends DecemberBook value per share $41.30Diluted shares 4.3M

Finward Bancorp is a bank holding company incorporated in Indiana that operates as the parent company of Peoples Bank, an Indiana-chartered commercial bank. The company's website is www.ibankpeoples.com. Finward Bancorp is a non-accelerated filer and smaller reporting company that trades on The Stock Market, LLC. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$66.04M
−7.1% year over year
Last 12 mo $68.94M
12.28%
−6.6 percentage points
Last 12 mo 15.23%
$8.09M
−33.3% year over year
Last 12 mo $9.82M
4.63%
−3.4 percentage points
Last 12 mo 5.51%
Cash & financing
$9.90M
+1.0% year over year
Last 12 mo $17.31M
$9.05M
+34.4% year over year
Last 12 mo $16.55M
9.89
Was 12.06× a year earlier
4.3M
+0.4% year over year
Last 12 mo 4.3M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Finward Bancorp does

In the company’s own words

Finward Bancorp is a bank holding company incorporated in Indiana that operates as the parent company of Peoples Bank, an Indiana-chartered commercial bank. The company's website is www.ibankpeoples.com. Finward Bancorp is a non-accelerated filer and smaller reporting company that trades on The Stock Market, LLC.

Peoples Bank operates 26 branch locations and serves customers primarily in Lake and Porter Counties in Northwest Indiana and Cook County, Illinois, with additional lending activity in LaPorte, Newton, and Jasper Counties in Indiana, and DuPage, Lake, and Will Counties in Illinois. The bank attracts deposits from the general public and originates loans secured primarily by single-family residences and commercial real estate, along with construction loans, consumer loans, commercial business loans, and municipal loans.

The company's loan portfolio totaled approximately $1.45 billion at December 31, 2025, with residential real estate representing the largest segment. The bank emphasizes quality growth and product diversification, focusing on adjustable-rate and shorter-term loan products to manage interest rate risk. Residential mortgage lending is the primary activity, with the bank originating conventional loans up to 97 percent of purchase price. The company also offers home equity lines of credit, commercial real estate loans, construction financing, commercial business loans, consumer loans, manufactured home loans, and government loans.

Beyond traditional banking, Finward Bancorp's Wealth Management Group provides estate and retirement planning, guardianships, special needs trusts, investment agency accounts, and fiduciary services including acting as personal representative of estates and trustee for revocable and irrevocable trusts. The Wealth Management Group managed assets totaling $416.9 million at December 31, 2025.

The company operates as a portfolio lender, holding most loans for investment rather than selling them. Fixed-rate mortgage loans with maturities exceeding fifteen years are occasionally sold in the secondary market to manage interest rate risk. Deposits represent the major source of funds for lending and investment purposes, supplemented by borrowings from the Federal Home Loan Bank of Indianapolis and other sources. The company maintains membership in the Federal Home Loan Bank system and operates under comprehensive regulation and supervision by the Federal Reserve System, the FDIC, and the Indiana Department of Financial Institutions.

Company details
Sector
Financials
Industry
Banks & Brokers
Headquarters
MUNSTER, IN
Fiscal year end
December
CIK
919864
SIC
6035

Financial performance, year by year

Fiscal 2013–2025 · USD
$-7.87M$15.73M$39.33M$62.93M$86.52M2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Finward Bancorp — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

58
funds hold it
0 of 35
superinvestors hold it
$11.78M
held by funds, at market
7.8%
of shares held by funds

Largest fund holders · Finward Bancorp’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
Fidelity Small Cap Index Fund
FSSNX · Fidelity Salem Street Trust
0.00%of fund net assets
VANGUARD RUSSELL 2000 INDEX FUND
VTWO · VANGUARD SCOTTSDALE FUNDS
0.00%of fund net assets
Fidelity Extended Market Index Fund
FSMAX · Fidelity Concord Street Trust
0.00%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Finward Bancorp and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Finward Bancorp's earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Finward Bancorp's last four quarterly filings that the numbers alone won't show?”
See how it works →All research tools with a subscription. Use your own AI account.