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FNWDFinward Bancorp$33.99$147M
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FNWD logoFinward Bancorp (FNWD) Earnings History

Earnings Pressure

30 years of earnings data (1996–2025) · 5-year EPS trend is negative

TTM Net Income
$8M
● Profitable
TTM EPS (Diluted)
$1.88
Per share, diluted
YoY EPS Growth
-33.8%
Declining
Net Margin
8.0%
After-tax profitability
EPS Growth Rate (CAGR)
1Y-33.8%
3Y-19.5%
5Y-17.1%
10Y-3.7%
Operating Margin8.0%
Gross Margin65.6%
Return on Equity5.0%
Return on Assets0.4%
Record Annual Net Income$16MFY2020
Record Quarterly EPS$2.17Q1 2024
Consecutive Profitable Years30years
Q4 2025
Net Income$2M
EPS (Diluted)$0.46
YoY Growth-33.8%Declining
QoQ Growth-43.3%Declining

Loading earnings history...

Finward Bancorp (FNWD) Earnings Overview

As of June 13, 2026, Finward Bancorp (FNWD) reported trailing twelve-month net income of $8M, reflecting -33.8% year-over-year growth. The company earned $1.88 per diluted share over the past four quarters, with a net profit margin of 8.0%.

Looking at the long-term picture, FNWD's 5-year EPS compound annual growth rate (CAGR) stands at -17.1%, signaling declining earnings. The company achieved its highest annual net income of $16M in fiscal 2020.

Finward Bancorp maintains positive profitability with a gross margin of 65.6%, operating margin of 8.0%, and net margin of 8.0%. The company continues to generate positive earnings from operations. View revenue history →

Compared to peers including CFBK ($17M net income, 13.5% margin), NECB ($44M net income, 28.2% margin), HFBL ($5M net income, 12.0% margin), FNWD has room to improve margins relative to the peer group. Compare FNWD vs CFBK →

FNWD Earnings vs Peers

Earnings metrics vs comparable public companies

CompanyTTM Net IncomeTTM EPSNet MarginROEYoY GrowthCompare
FNWD logoFNWDCurrent
$8M$1.888.0%5.0%-33.8%—
CFBK logoCFBK
$17M$2.7113.5%9.6%+30.6%
NECB logoNECB
$44M$3.2528.2%13.3%-7.7%
HFBL logoHFBL
$5M$1.6812.0%7.2%+7.7%
CZWI logoCZWI
$14M$1.4916.0%7.9%+9.0%
FHN logoFHN
$982M$1.9819.7%10.8%+38.2%
Best in group
Lowest in group

FNWD Historical Earnings Data (1996–2025)

30 years
Fiscal Year Net Income YoY % Operating Income EPS (Diluted) Net Margin Op. Margin
2025$8M-33.3%$8M$1.888.0%8.0%
2024$12M+44.7%$13M$2.8410.8%12.0%
2023$8M-44.4%$8M$1.968.7%8.3%
2022$15M+0.8%$17M$3.6018.1%19.8%
2021$15M-6.1%$16M$4.3022.5%24.6%
2020$16M+31.7%$19M$4.7922.8%26.8%
2019$12M+29.6%$14M$3.5319.2%22.0%
2018$9M+4.2%$11M$3.0819.2%22.2%
2017$9M-2.0%$12M$3.1321.8%28.8%
2016$9M+16.4%$12M$3.2022.8%29.2%
2015$8M+6.2%$10M$2.7521.7%26.6%
2014$7M+3.9%$10M$2.6022.2%28.7%
2013$7M+3.9%$10M$2.5122.6%30.2%
2012$7M+27.3%$9M$2.4120.4%26.2%
2011$5M+4.0%$7M$1.9016.2%19.8%
2010$5M+108.2%$6M$1.8314.4%16.6%
2009$2M-58.0%$2M$0.886.6%4.4%
2008$6M+6.1%$7M$2.1014.9%18.6%
2007$6M-13.7%$7M$1.9813.9%18.0%
2006$6M-3.0%$9M$2.3016.5%23.3%
2005$7M+6.1%$10M$2.3719.9%29.2%
2004$6M+6.0%$10M$2.2421.0%31.8%
2003$6M+8.1%$9M$2.1320.2%31.9%
2002$5M+16.6%$9M$1.9918.0%28.8%
2001$5M+7.8%$7M$1.7115.3%24.2%
2000$4M+4.1%$7M$1.6014.5%23.5%
1999$4M+11.6%$7M$1.5215.4%25.6%
1998$4M+10.2%$6M$1.3527.3%45.2%
1997$3M+56.1%$6M$1.2326.3%43.4%
1996$2M-$4M$0.8018.2%29.9%

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What if you invested $1,000 in FNWD back in 1996?

Total return with dividends reinvested · 30+ years of data

Calculate Returns

How much would $100/month in FNWD be worth today?

Dollar cost averaging vs lump sum · see how regular investing compounds over time

Run the Numbers

Is FNWD Undervalued Right Now?

DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.

View Valuation

FNWD vs BRK-B — which is the better buy?

Side-by-side revenue, margins, P/E and 10-year returns vs Berkshire Hathaway Inc..

Compare Now

FNWD — Frequently Asked Questions

Quick answers to the most common questions about buying FNWD stock.

What is FNWD earnings per share (EPS)?

FNWD trailing twelve-month (TTM) diluted EPS is $1.88, reflecting -33.8% year-over-year growth. The 5-year EPS CAGR is -17.1%. Complete EPS history from 1996 to 2025 is available in the table on this page.

What is Finward Bancorp's net income?

Finward Bancorp (FNWD) trailing twelve-month net income is $8M as of 2025. Earnings declined -33.8% year-over-year. Finward Bancorp has been profitable for 30 consecutive years.

Is FNWD profitable?

Yes, FNWD is profitable with a TTM net income of $8M and a net profit margin of +8.0%. Finward Bancorp has generated profits for 30 consecutive years.

What is FNWD's earnings growth rate?

FNWD compound annual EPS growth rates (CAGR): 1-Year: -33.8%, 3-Year: -19.5%, 5-Year: -17.1%, 10-Year: -3.7%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1996 to 2025.

What are FNWD's profit margins?

Finward Bancorp net profit margin is +8.0%, operating margin is +8.0%, and gross margin is +65.6%. Margins are within a typical range for the sector. Return on Equity is +5.0%.

Is FNWD growing earnings?

FNWD earnings are declining — EPS fell -33.8% year-over-year. TTM net income dropped to $8M. This contrasts with the 5-year CAGR of -17.1%.

What was FNWD's best earnings year?

Finward Bancorp's highest annual net income on record is $16M, achieved in fiscal year 2020. Earnings history on this page spans 1996 to 2025 and includes all annual and quarterly figures.

What were FNWD's earnings last quarter?

FNWD's most recent reported quarter was Q4 2025. Net income was $2M with diluted EPS of $0.46. For a full breakdown of all quarters, see the quarterly earnings table on this page.

FNWD Earnings Over Time (1996–2025)

Net income & EPS — annual and quarterly view