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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 (Nasdaq: FNWD) is a bank holding company whose wholly owned subsidiary, Peoples Bank, provides commercial banking and wealth management services. The bank attracts deposits from consumers and businesses and makes residential mortgage, home equity, commercial real estate, construction, multifamily,… From the company’s description.

Over the twelve months to Jun 30, 2026, Finward Bancorp reported revenue of $68.94M, up 8.8% from a year earlier, and net income of $9.82M. Its pre-tax margin was 15.2%. In fiscal 2025, it reported revenue of $66.04M, down 7.1% from fiscal 2024, and net income of $8.09M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$66.04MFY2025
−7.1% year over year
Last 12 mo $68.94M
12.28%FY2025
−6.6 percentage points
Last 12 mo 15.23%
$8.09MFY2025
−33.3% year over year
Last 12 mo $9.82M
4.63%FY2025
−3.4 percentage points
Last 12 mo 5.51%
Cash & financing
$9.90MFY2025
+1.0% year over year
Last 12 mo $17.31M
$9.05MFY2025
+34.4% year over year
Last 12 mo $16.55M
9.89FY2025
Was 12.06× a year earlier
Last 12 mo 9.72
4.3MFY2025
+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 (Nasdaq: FNWD) is a bank holding company whose wholly owned subsidiary, Peoples Bank, provides commercial banking and wealth management services. The bank attracts deposits from consumers and businesses and makes residential mortgage, home equity, commercial real estate, construction, multifamily, commercial business, consumer, manufactured-home and municipal loans, primarily in northwest Indiana and northeastern Illinois. Its Wealth Management Group offers estate and retirement planning, guardianships, trusts, investment agency accounts, and retirement accounts and plans. The company operates as one reportable segment, with banking accounting for most revenue. At December 31, 2025, it had 26 branch locations, total assets of approximately $2.05 billion and wealth management assets under management of $416.9 million. Its website is www.ibankpeoples.com.

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

Financial performance, year by year

Fiscal 2011–2025 · USD
$-7.87M$15.73M$39.33M$62.93M$86.52M201120122013201420152016201720182019202020212022202320242025Last 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
—of fund net assets
VANGUARD RUSSELL 2000 INDEX FUND
VTWO · VANGUARD SCOTTSDALE FUNDS
—of fund net assets
Fidelity Extended Market Index Fund
FSMAX · Fidelity Concord Street Trust
—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.

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  • “How do Finward Bancorp and its peers compare on margins and cash generation over ten years?”
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