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Company Analysis

Finward Bancorp FNWD

A comprehensive view of key metrics, scores, and financial health for Finward Bancorp

Overview of Finward Bancorp

FNWD NCM
Financial Services Banks - Regional Micro Cap
Finward Bancorp (FNWD), is a Micro Cap company, in the Banks - Regional industry, last closed at $33.53, about 18.8% undervalued vs fair value, +7.7% 1Y return, ranked 680/1037 in sector.
Metrics Rev Growth 42.2% ROE 5.0% Gross Margin 65.6%
$33.53
-1.49%
As of April 28, 2026
Previous close • Vol 90d: 29.6%
52-Week Range
Market Cap
$145.20M
Enterprise Value
$211.64M
Overall Score
View breakdown
Overall
Growth
Fair
Profitability
Fair
Health
Weak
Efficiency
Fair
Valuation
Fair
Growth
Fair
Profitability
Fair
Health
Weak
Efficiency
Fair
Valuation
Fair
Completeness: 82%
Confidence: 89%
Updated: Mar 8
Top Beats
No strong beats yet

Quick Facts

Website https://www.ibankpeoples.com
HQ Munster, IN
Fiscal year Dec 31

Next Events

Dividend Mar 31
Earnings Apr 28 Estimated

Fair Value Snapshot

Bear Base Bull
$22
$40
$75
Current: $33.53 +19% vs base

Engine Room Money Flow™

Micro Cap

Financial Services - Where revenue goes and how value is created

Flow Steps
Interest Income
$89.2M
4%%
Interest Expense
$35.0M
Net Interest Income
$48.4M
-11.2%%
Total Revenue
$101.1M
42.2%%
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Financial Services

Quality & Reliability Indicators

Return on Equity
8.0%
Fair

Net Income / Equity - key bank profitability metric

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Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

$2.2M
17.8% of Net Income

Where It Leaks

Cash Flow Health critical
Significant cash flow inefficiencies identified. Multiple high-impact leaks require attention.
1
Active Leaks
1/1
Improving
0
High Impact
1
Critical
Moat Analysis Bank Specialized

Competitive Advantage Assessment

Evaluating Finward Bancorp's durable competitive advantages across 6 defense dimensions

Overall Moat Strength
30
/100
Developing
Scores based on quantitative metrics and qualitative factors

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Deposit Franchise

Developing
29
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For informational purposes only. Not investment advice.

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Banks (Regional & Diversified) vs Industry Peers 88% Coverage
Trade-Off Triangle Visualization A ternary plot showing FNWD's balance between Growth (23.9%), Profitability (36.0%), and Safety (40.2%). Growth 24% Safety 40% Profitability 36%

Click axes to expand details. Marker shows current allocation.

3-Year Trend Analysis Locked
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Growth

26th percentile vs peers
27
Key Signals
EPS Growth YoY 44.8% 85p Equity Growth YoY 2.8% 21p Asset Growth YoY -1.9% 12p NII Growth YoY -11.2% 7p
Strengths
  • EPS Growth YoY in top 20% of peers (44.8%, 85th percentile)
  • Efficiency Ratio in top 20% of peers (57.5%, 85th percentile)
  • Financial Leverage in top 20% of peers (13.95, 92th percentile)
Risks
  • Asset Growth YoY in bottom 20% of peers (-1.9%)
  • NII Growth YoY in bottom 20% of peers (-11.2%)

Profitability

40th percentile vs peers
40
Key Signals
Strengths
Risks
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Safety

44th percentile vs peers
45
Key Signals
Strengths
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Two Futures

Scenario-based fair value ranges for Finward Bancorp.

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Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

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Bear
-
- - -
- upside
-
Base
$39.83
- - -
+18.8% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
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