FNWD
Finward Bancorp
NasdaqCMUSDEQUITY
DELAYED
Last price
43.50
▲ 0.14 (0.32%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
Lower pane
Overlay another symbol
Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
—
Prev close
43.36
Day high
44.13
Day low
43.34
Volume
6.45K
Market cap
—
P/E (TTM)
—
52W range
30.05 – 45.90
Trailing performance
Returnvs SPY
1W
-3.93%
-2.6%
1M
-2.47%
-6.2%
3M
+35.22%
+32.1%
6M
+18.34%
+7.3%
YTD
+23.61%
+11.3%
1Y
+48.57%
+28.6%
3Y
+91.21%
+17.0%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Free account
3 more panels on FNWD open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Fundamentals
Market cap—
Enterprise value—
Revenue (TTM)—
Gross profit—
EBITDA—
Net income—
EPS (TTM)—
Free cash flow—
Total cash—
Total debt—
Book value / share—
Shares outstanding—
Float—
Short % of float—
Dividend yield—
Beta (5Y)—
Valuation & profitability ratios
Trailing P/E—
Forward P/E—
PEG ratio—
Price / sales—
Price / book—
EV / revenue—
EV / EBITDA—
Gross margin—
Operating margin—
Profit margin—
Return on equity—
Return on assets—
Debt / equity—
Current ratio—
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $66.04M | $71.09M | $65.30M | $78.66M | -7.1% |
| Operating revenue | $66.04M | $71.09M | $65.30M | $78.66M | -7.1% |
| Selling, general & admin | $32.09M | $30.33M | $30.50M | $32.13M | +5.8% |
| Pre-tax income | $8.11M | $13.46M | $8.04M | $16.56M | -39.7% |
| Tax provision | $23.00K | $1.32M | -$335.00K | $1.48M | -98.3% |
| Net income | $8.09M | $12.13M | $8.38M | $15.08M | -33.3% |
| Net income to common | $8.09M | $12.13M | $8.38M | $15.08M | -33.3% |
| Basic EPS | 1.89 | 2.85 | 1.96 | 3.61 | -33.7% |
| Diluted EPS | 1.88 | 2.84 | 1.96 | 3.60 | -33.8% |
| Basic shares | 4.27M | 4.26M | 4.28M | 4.18M | +0.3% |
| Diluted shares | 4.29M | 4.27M | 4.28M | 4.19M | +0.4% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $119.65M | $69.93M | $85.59M | $33.63M | +71.1% |
| Accounts receivable | $7.78M | $7.72M | $8.04M | $7.42M | +0.8% |
| Property, plant & equipment | $44.98M | $47.26M | $38.44M | $40.21M | -4.8% |
| Goodwill & intangibles | $23.57M | $24.25M | $25.67M | $27.19M | -2.8% |
| Total assets | $2.02B | $2.06B | $2.11B | $2.07B | -1.9% |
| Long-term debt | $45.00M | $65.00M | $80.00M | $120.00M | -30.8% |
| Total debt | $45.00M | $65.00M | $80.00M | $120.00M | -30.8% |
| Total liabilities | $1.85B | $1.91B | $1.96B | $1.93B | -3.3% |
| Retained earnings | $145.99M | $139.46M | $129.40M | $131.66M | +4.7% |
| Shareholder equity | $174.66M | $151.41M | $147.34M | $136.39M | +15.4% |
| Net tangible assets | $151.10M | $127.16M | $121.68M | $109.20M | +18.8% |
| Shares issued | 4.33M | 4.31M | 4.30M | 4.30M | +0.3% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $8.09M | $12.13M | $8.38M | $15.08M | -33.3% |
| Depreciation & amortisation | $6.19M | $7.29M | $7.16M | $5.97M | -15.1% |
| Stock-based compensation | $447.00K | $565.00K | $719.00K | $741.00K | -20.9% |
| Change in working capital | -$2.80M | $5.18M | $6.45M | -$8.70M | -154.2% |
| Operating cash flow | $9.90M | $9.80M | $24.21M | $17.73M | +1.0% |
| Capital expenditure | -$853.00K | -$3.07M | -$1.15M | -$3.03M | +72.3% |
| Investing cash flow | $94.88M | $42.79M | $15.02M | -$1.13M | +121.7% |
| Dividends paid | -$1.56M | -$2.07M | -$5.33M | -$5.08M | +24.7% |
| Financing cash flow | -$55.72M | -$68.02M | $15.49M | -$18.49M | +18.1% |
| Free cash flow | $9.05M | $6.73M | $23.06M | $14.70M | +34.4% |
| End cash position | $119.65M | $70.58M | $86.01M | $31.28M | +69.5% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | — | $17.49M | $16.52M | $17.36M | $16.63M | $15.54M | — |
| Operating revenue | — | $17.49M | $16.52M | $17.36M | $16.63M | $15.54M | — |
| Selling, general & admin | — | $8.56M | $8.22M | $7.99M | $8.00M | $7.89M | — |
| Pre-tax income | — | $2.67M | $1.82M | $3.56M | $2.12M | $616.00K | — |
| Tax provision | — | $423.00K | -$166.00K | $63.00K | -$35.00K | $161.00K | — |
| Net income | — | $2.24M | $1.98M | $3.50M | $2.15M | $455.00K | — |
| Net income to common | — | $2.24M | $1.98M | $3.50M | $2.15M | $455.00K | — |
| Basic EPS | 0.49 | 0.52 | 0.46 | 0.82 | 0.50 | — | -5.8% |
| Diluted EPS | 0.48 | 0.52 | 0.46 | 0.81 | 0.50 | — | -7.7% |
| Basic shares | 4.28M | 4.28M | 4.27M | 4.27M | 4.30M | — | +0.1% |
| Diluted shares | 4.32M | 4.30M | 4.30M | 4.30M | 4.29M | — | +0.4% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | YoY |
|---|---|---|---|---|---|---|---|
| Cash & equivalents | $118.75M | $119.65M | $103.61M | $103.00M | $71.39M | — | -0.7% |
| Accounts receivable | $7.70M | $7.78M | $7.58M | $7.65M | $7.82M | — | -1.0% |
| Property, plant & equipment | $44.31M | $44.98M | $45.54M | $46.18M | $46.68M | — | -1.5% |
| Goodwill & intangibles | $23.47M | $23.57M | $23.67M | $23.81M | $24.03M | — | -0.4% |
| Total assets | $2.02B | $2.02B | $2.05B | $2.06B | $2.04B | — | -0.3% |
| Long-term debt | $50.00M | $45.00M | — | — | — | $65.00M | +11.1% |
| Total debt | $50.00M | $45.00M | — | — | — | $65.00M | +11.1% |
| Total liabilities | $1.84B | $1.85B | $1.89B | $1.90B | $1.89B | — | -0.2% |
| Retained earnings | $147.72M | $145.99M | $144.53M | $141.55M | $139.92M | — | +1.2% |
| Shareholder equity | $172.40M | $174.66M | $165.50M | $154.25M | $151.81M | — | -1.3% |
| Net tangible assets | $148.93M | $151.10M | $141.83M | $130.44M | $127.78M | — | -1.4% |
| Shares issued | 4.33M | 4.33M | 4.33M | 4.32M | 4.32M | — | +0.1% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Net income | $2.24M | $1.98M | $3.50M | $2.15M | $455.00K | +13.0% |
| Depreciation & amortisation | $1.32M | $1.51M | $1.45M | $1.63M | $1.60M | -12.1% |
| Stock-based compensation | $126.00K | $102.00K | $116.00K | $131.00K | $98.00K | +23.5% |
| Change in working capital | -$623.00K | $2.68M | -$984.00K | -$239.00K | -$4.26M | -123.3% |
| Operating cash flow | $3.63M | $7.74M | $1.20M | $4.77M | -$3.81M | -53.0% |
| Capital expenditure | -$135.00K | -$240.00K | -$152.00K | -$278.00K | -$183.00K | +43.8% |
| Investing cash flow | -$2.16M | $50.65M | $14.34M | $10.19M | $19.70M | -104.3% |
| Dividends paid | -$520.00K | -$518.00K | -$519.00K | -$2.00K | -$518.00K | -0.4% |
| Financing cash flow | -$2.37M | -$42.92M | -$14.77M | $16.09M | -$14.11M | +94.5% |
| Free cash flow | $3.50M | $7.50M | $1.05M | $4.49M | -$3.99M | -53.3% |
| End cash position | $118.75M | $119.65M | $104.18M | $103.41M | $72.37M | -0.7% |
Analyst targets & ownership
Mean target—
High target—
Low target—
Implied upside—
Analyst count—
Consensus—
Strong buy / Buy— / —
Hold—
Sell / Strong sell— / —
Held by insiders—
Held by institutions—
Institutions holding—
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
44.40
-2.03% from price
SMA 20
44.51
-2.26% from price
SMA 50
39.58
+9.90% from price
SMA 100
36.39
+19.54% from price
SMA 200
36.55
+19.02% from price
EMA 12
44.06
-1.27% from price
EMA 26
42.90
+1.41% from price
EMA 50
40.66
+7.00% from price
RSI (14)
56.2
Neutral
MACD (12,26,9)
1.17
Hist -0.52
ATR (14)
0.71
1.64% of price
Realised vol 30D
60.1%
Annualised
Bollinger upper
45.70
20, 2σ
Bollinger lower
43.31
20, 2σ
50 / 200 cross
Golden
39.58 vs 36.55
Trend bias
Above 200
+19.02%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.35
Less volatile than market
Correlation to SPY
0.13
Largely independent
Realised vol 30D
60.1%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-24.0%
Peak to trough
Max drawdown 5Y
-63.6%
Peak to trough
ATR 14
0.71
1.64% of price
Beta (reported)
—
5Y monthly, from filing
Headlines
Finward Bancorp Announces Second Quarter 2026 Results
Business Wire · 27d ago
First Financial Bancorp (FFBC) Q2 2026 Earnings Call Highlights: Record Net Income and ...
GuruFocus.com · 33d ago
Top Midday Gainers
MT Newswires · 33d ago
First Financial Bancorp. Q2 Earnings Call Highlights
MarketBeat · 33d ago
Ohio’s First Financial expands Chicago footprint in $208M deal
Banking Dive · 33d ago
First Financial Bancorp to Acquire Finward Bancorp in $208 Million Stock Deal
MT Newswires · 34d ago
Finward Bancorp Acquisition
Business Wire · 34d ago
First Financial Bancorp Announces Second Quarter 2026 Financial Results, Quarterly Dividend Increase & Acquisition of Finward Bancorp
PR Newswire · 34d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.