F
Finward Bancorp
FNWDCIK 0000919864NasdaqNon-AcceleratedSmaller ReportingSavings Institution, Federally CharteredIndianaFY ends Dec 31
Period
FY 2025
Revenue
—
Net Income
$8.09M
Total Assets
$2.02B
Equity
$174.66M
Shares Out
4.33M
Op. Cash Flow
$9.90M
Business
Finward Bancorp is a bank holding company whose subsidiary, Peoples Bank, is an Indiana-chartered commercial bank that attracts deposits and originates loans secured primarily by single-family residences and commercial real estate in Lake, Porter, and Cook counties. The Bank holds most loans to maturity as a portfolio lender and selectively sells fixed-rate mortgages. Its Wealth Management Group provides trust, fiduciary, estate planning, and investment-advisory services.
Summary from 10-K filed 2026-03-25
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Loans receivable | 80 | 78 | 75 | 62 | 42 | |
| Securities | 8 | 8 | 9 | 10 | 9 | |
| Other interest earning assets | 4 | 3 | 2 | 326,000 | 61,000 | |
| Total interest income | 92 | 89 | 86 | 72 | 51 | |
| Deposits | 31 | 35 | 25 | 4 | 2 | |
| Federal funds purchased and repurchase agreements | 1 | 2 | — | — | — | |
| Borrowed funds | 2 | 4 | — | — | — | |
| Total interest expense | 35 | 41 | 31 | — | — | |
| Net interest income | 57 | 48 | 55 | 67 | 49 | |
| Provision for (benefit from) credit losses | −205,000 | −503,000 | — | — | — | |
| Net interest income after provision for credit losses | 57 | 49 | 53 | 67 | 47 | |
| Fees and service charges | 5 | 5 | — | — | — | |
| Wealth management operations | 3 | 3 | — | — | — | |
| Gain (loss) on tax credit investment | 90,000 | 1 | 0 | — | — | |
| Gain (loss) on sale of loans held-for-sale, net | 1 | 1 | — | — | — | |
| Gain (loss) on sale of securities, net | −2 | −531,000 | −48,000 | 662,000 | 2 | |
| Bank owned life insurance | 1 | 812,000 | 766,000 | 810,000 | 715,000 | |
| Gain (loss) on sale of property and equipment | −55,000 | 12 | — | — | — | |
| Other | 122,000 | 164,000 | — | — | — | |
| Total non-interest income | 9 | 23 | 11 | 12 | 16 | |
| Compensation and benefits | 30 | 28 | 28 | 29 | 24 | |
| Occupancy and equipment | 8 | 8 | 6 | 7 | 6 | |
| Data processing | 5 | 5 | — | — | — | |
| Marketing | 787,000 | 799,000 | 840,000 | 2 | 1 | |
| Federal deposit insurance premiums | 2 | 2 | 2 | 1 | 861,000 | |
| Professional and outside services | 4 | 5 | 4 | 1 | 1 | |
| Technology | 2 | 2 | — | — | — | |
| Other | 7 | 7 | 8 | 14 | 10 | |
| Total non-interest expense | 58 | 58 | 55 | 62 | 47 | |
| Income before income tax expense | 8 | 13 | 8 | 17 | 16 | |
| Income tax expense (benefit) | 23,000 | 1 | −335,000 | 1 | 1 | |
| Net income | 8 | 12 | 8 | 15 | 15 | |
| Basic (in dollars per share) | 1.89 | 2.85 | 1.96 | 3.61 | 4.3 | |
| Diluted (in dollars per share) | 1.88 | 2.84 | 1.96 | 3.6 | 4.3 | |
| Dividends declared per common share (in dollars per share) | 0.36 | 0.48 | 1.05 | 1.24 | 1.24 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and non-interest bearing deposits in other financial institutions | 18 | 18 | 18 | 20 | 13 | |
| Interest bearing deposits in other financial institutions | 101 | 52 | 68 | 11 | 20 | |
| Federal funds sold | 0 | 654,000 | 419,000 | 107,000 | 464,000 | |
| Total cash and cash equivalents | 120 | 71 | 86 | 31 | 33 | |
| Securities available-for-sale | 316 | 334 | 371 | 371 | 527 | |
| Loans held-for-sale | 1 | 1 | 340,000 | 2 | 5 | |
| Loans receivable, net of deferred fees and costs | 1,450 | 1,509 | 1,513 | 1,514 | — | |
| Less: Allowance for credit losses | −18 | −17 | −19 | −19 | −13 | |
| Net loans receivable | 1,433 | 1,492 | 1,494 | 1,501 | — | |
| Federal Home Loan Bank stock | 7 | 7 | 7 | 7 | 3 | |
| Accrued interest receivable | 8 | 8 | 8 | 7 | 5 | |
| Premises and equipment | 45 | 47 | 38 | 40 | 31 | |
| Cash value of bank owned life insurance | 34 | 34 | 33 | 32 | 31 | |
| Goodwill | 22 | 22 | 22 | 22 | 11 | |
| Other intangible assets | 1 | 2 | 3 | 5 | 3 | |
| Other assets | 35 | 44 | 45 | 50 | 15 | |
| Total assets | 2,021 | 2,061 | 2,108 | 2,070 | 1,621 | |
| Non-interest bearing | 267 | 263 | 296 | 359 | 295 | |
| Interest bearing | 1,460 | 1,497 | 1,518 | 1,416 | 1,139 | |
| Total | 1,727 | 1,761 | 1,813 | 1,775 | 1,434 | |
| Federal funds purchased and repurchase agreements | 40 | 40 | — | — | — | |
| Borrowed funds | 45 | 65 | 80 | 120 | 0 | |
| Accrued expenses and other liabilities | 35 | 44 | 29 | 23 | 15 | |
| Total liabilities | 1,847 | 1,909 | 1,961 | 1,934 | 1,464 | |
| Commitments and contingencies | — | — | — | — | — | |
| Preferred stock, no par or stated value; 10,000,000 shares authorized, none outstanding | 0 | 0 | 0 | 0 | 0 | |
| Common stock, no par or stated value; 10,000,000 shares authorized; shares issued and outstanding: December 31, 2025 - 4,326,747 December 31, 2024 - 4,313,698 | 0 | 0 | 0 | 0 | 0 | |
| Additional paid-in capital | 70 | 70 | 70 | 69 | 30 | |
| Accumulated other comprehensive loss | −42 | −58 | −52 | −64 | 4 | |
| Retained earnings | 146 | 139 | 129 | 132 | 122 | |
| Total stockholders' equity | 175 | 151 | 147 | 130 | 157 | |
| Total liabilities and stockholders' equity | 2,021 | 2,061 | 2,108 | 2,070 | 1,621 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Origination of loans for sale | −41 | −37 | −38 | −45 | −153 | |
| Sale of loans originated for sale | 42 | 37 | 40 | 50 | 164 | |
| Depreciation and amortization, net of accretion | 6 | 7 | 7 | 6 | 5 | |
| Deferred tax expense (benefit) | −556,000 | 645,000 | −673,000 | 1 | 137,000 | |
| Stock based compensation expense | 447,000 | 565,000 | 719,000 | 741,000 | 574,000 | |
| Cash payments for lease liabilities | −2 | −1 | — | — | — | |
| (Gain) loss on sale of loans held-for-sale, net | −1 | −1 | −1 | −1 | −6 | |
| (Gain) loss on sale of foreclosed real estate | 0 | −1,000 | — | — | — | |
| (Increase) decrease of cash value of bank owned life insurance | −835,000 | −812,000 | — | — | — | |
| (Gain) loss on death benefits of bank-owned life insurance | −544,000 | 0 | — | — | — | |
| (Gain) loss on derivatives | 33,000 | −47,000 | 3,000 | 102,000 | 233,000 | |
| Provision for (benefit from) credit losses | −205,000 | −503,000 | — | — | — | |
| Interest receivable | −60,000 | 324,000 | −624,000 | −141,000 | −731,000 | |
| Interest payable | −337,000 | −2 | 3 | — | — | |
| Other assets | 3 | 4 | 3 | −5 | 2 | |
| Accrued expenses and other liabilities | −6 | 4 | 1 | −3 | −9 | |
| Total adjustments | 2 | −2 | 16 | 3 | — | |
| Net cash provided by (used in) operating activities | 10 | 10 | 24 | 18 | 17 | |
| Proceeds from maturities and pay downs of securities available-for-sale | 11 | 13 | 14 | 42 | 55 | |
| Proceeds from sales of securities available-for-sale | 25 | 15 | 476,000 | 54 | 44 | |
| Net change in loans receivable | 58 | 764,000 | −6 | −94 | 12 | |
| Purchase of premises and equipment | −853,000 | −3 | −1 | −3 | −3 | |
| Proceeds from sale of premises and equipment | 819,000 | 18 | 799,000 | 2 | 0 | |
| Proceeds from sale of foreclosed real estate | 0 | 72,000 | 77,000 | 93,000 | 585,000 | |
| Proceeds from death benefits of bank owned life insurance | 1 | 0 | 0 | 314,000 | 0 | |
| Net cash provided by (used in) investing activities | 95 | 43 | 15 | −1 | −126 | |
| Change in deposits | −34 | −53 | 38 | −134 | 132 | |
| Proceeds from borrowed funds | 40 | 150 | 80 | 120 | 0 | |
| Repayment of borrowed funds | −60 | −165 | −120 | 0 | −6 | |
| Net surrender value of restricted stock awards | −150,000 | −86,000 | −196,000 | −120,000 | −131,000 | |
| Change in federal funds purchased and repurchase agreements | −413,000 | 2 | — | — | — | |
| Dividends paid | −2 | −2 | −5 | −5 | −4 | |
| Net cash provided by (used in) financing activities | −56 | −68 | 15 | −18 | 122 | |
| Net change in cash and cash equivalents | 49 | −15 | 55 | −2 | 13 | |
| Interest | 35 | 43 | 29 | 5 | 2 | |
| Income taxes | 150,000 | 415,000 | 241,000 | 1 | 2 | |
| Right-of-use asset obtained in exchange for lease liability | 0 | 16 | — | — | — | |
| Loans transferred to other real estate owned | 89,000 | 0 | 135,000 | 0 | 0 |
Filings
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Holdings (13F)
Portfolio as of 2026-03-31 · 182 positions
Reported AUM
$364.84M
Holdings
182
Top sector
$364.84M
Top sectors
| Sector | Value | % of portfolio |
|---|---|---|
| Uncategorized | $364.84M | 100.0% |
Top holdings
| Issuer | Ticker | Shares | Value | % |
|---|---|---|---|---|
| CHIPOTLE MEXICAN GRILL INC | — | 7.5K | $240.07M | 65.8% |
| FLEXSHARES TR | — | 145.4K | $7.07M | 1.9% |
| VANGUARD S&P 500 ETF | — | 10.6K | $6.36M | 1.7% |
| VANGUARD GROWTH ETF (MKT) | — | 11.2K | $4.89M | 1.3% |
| MICROSOFT CORP | — | 12.6K | $4.67M | 1.3% |
| STATE STREET SPDR BLOOMBERG | — | 48.4K | $4.43M | 1.2% |
| INVESCO QQQ TRUST | — | 7.5K | $4.33M | 1.2% |
| FINWARD BANCORP | — | 97.0K | $3.52M | 1.0% |
| APPLE INC | — | 13.1K | $3.32M | 0.9% |
| DIREXION DAILY S&P 500 BULL 3X | — | 14.3K | $2.65M | 0.7% |
Frequently asked questions
What is Finward Bancorp's CIK number?
Finward Bancorp's SEC CIK number is 0000919864 (919864). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Finward Bancorp's SEC filings?
All of Finward Bancorp's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Finward Bancorp last report earnings?
Finward Bancorp (FNWD) most recently filed an earnings 8-K with the SEC on Apr 28, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-027909). This is Finward Bancorp's most recent earnings filing of record — not a forecast of its next earnings date.
What is Finward Bancorp's most recent earnings 8-K?
Finward Bancorp's latest earnings 8-K (Item 2.02) was filed Apr 28, 2026 under accession 0001628280-26-027909. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Finward Bancorp's latest earnings 8-K →
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