Finward Bancorp
Research Finward Bancorp (FNWD) on Bullrun: valuation model: 14.0% overvalued, market cap USD 180.90M, P/E 18.3, dividend yield 1.2%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerFNWD
- ExchangeNASDAQ
- CountryUnited States
- SectorFinancial Services
- IndustryBanks-Regional
- CurrencyUSD
- Valuation signal14.0% overvalued
- Market capUSD 180.90M
- P/E18.3
- Dividend yield1.2%
- Financial periodQ2 2026
- RevenueUSD 17.76M
- Net incomeUSD 2.09M
- Free cash flowUSD 4.50M
Valuation Snapshot
Bullrun's latest valuation model marks Finward Bancorp as 14.0% overvalued; latest market cap is USD 180.90M; P/E is 18.3; dividend yield is 1.2%.
Peer valuation comparison
Latest P/E is 18.31x versus a Financial Services sector median of 13.41x (36.5% above).
Latest dividend yield is 1.16% versus a Financial Services sector median of 3.66% (68.3% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 66.04M | USD 8.09M | USD 9.05M | n/a | 1.88 | USD 119.65M | USD 45.00M | USD 174.66M |
| FY2024 | USD 71.09M | USD 12.13M | USD 6.73M | n/a | 2.84 | USD 69.93M | USD 65.00M | USD 151.41M |
| FY2023 | USD 65.30M | USD 8.38M | USD 23.06M | n/a | 1.96 | USD 85.59M | USD 80.00M | USD 147.35M |
| FY2022 | USD 78.66M | USD 15.08M | USD 14.70M | n/a | 3.6 | USD 33.63M | USD 120.00M | USD 130.28M |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-12 | USD 180.90M | 18.3 | 1.1% | 0.48 |
| 2025 | 2025-12-31 | USD 152.26M | 18.7 | 1.4% | 0.48 |
| 2024 | 2024-12-31 | USD 121.26M | 9.9 | 1.7% | 0.48 |
| 2023 | 2023-12-29 | USD 108.54M | 10.0 | 3.7% | 0.93 |
| 2022 | 2022-12-30 | USD 155.58M | 10.1 | 3.4% | 1.24 |
| 2021 | 2021-12-31 | USD 159.69M | 10.7 | 2.7% | 1.24 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 0.48 USD, yield 1.2%.
| Year | Dividends/share |
|---|---|
| FY2025 | 0.36 USD |
| FY2024 | 0.48 USD |
| FY2023 | 1.05 USD |
| FY2022 | 1.24 USD |
About Finward Bancorp
Finward Bancorp operates as the holding company for Peoples Bank that provides various banking products and services. The company's deposit products include non-interest- and interest-bearing demand accounts, savings accounts, money market deposit accounts, certificate accounts, and retirement savings plans. Its loan portfolio comprises residential mortgage loans that enable borrowers to purchase existing homes, refinance existing homes, or construct new homes;
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Frequently asked questions
Is Finward Bancorp overvalued or undervalued?
Bullrun's valuation model currently marks Finward Bancorp as 14.0% overvalued.
What is Finward Bancorp's market cap?
Finward Bancorp's market capitalization is USD 180.90M.
What is Finward Bancorp's P/E ratio?
Finward Bancorp's price-to-earnings (P/E) ratio is 18.3.
Does Finward Bancorp pay a dividend?
Finward Bancorp has a dividend yield of 1.2%.
What does Finward Bancorp do?
Finward Bancorp operates as the holding company for Peoples Bank that provides various banking products and services. The company's deposit products include non-interest- and interest-bearing demand accounts, savings accounts, money market deposit accounts, certificate accounts, and retirement savings plans.