FNWD Finward Bancorp - common stock
NASDAQ · Banking · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Aug 13, 2026
$42.38
· of 52w range
· above low
· to high
$30.0552w low
$45.9052w high
Market Cap (MRQ)
$184M
P/E
22.5
EPS
$1.88
your badges
52W Range
$30–$46
Analyst Rating
STRONG BUY
Price Target
$38
P/E
22.5
ROE
4.9%
Net Profit Margin
12.2%
Your badge strip is empty — pin a metric anywhere on this page.
FNWD Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$42.38
Market Cap (MRQ)
$184M
P/E
22.5
EPS
$1.88
Div Yield
0.85%
ROE
4.9%
52W Range
$30–$46
FNWD Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
range
bars
Bar granularity adapts to the selected period — hover the chart to see open/high/low/close for a bar.
Stock splits
| Ex-date | Split | Type |
|---|---|---|
| March 22, 1999 | 2-for-1 | Forward |
10-Year Performance Revenue, net income, margins and EPS trends
EPS$1.882016-12-31 → 2025-12-31
Free Cash Flow$9M2016-12-31 → 2025-12-31
Net margin12.2%2016-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | FNWD | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E | 22.55Y avg ≈12.4 | ≈12.4 | 15.4 | Fair value | |
| P/S | 2.85Y avg ≈2.0 | ≈2.0 | 2.6 | Fair value | |
| P/B (MRQ) | 1.05Y avg ≈0.9 | ≈0.9 | 0.9 | Fair value | |
| Price / FCF (TTM) | 11.15Y avg ≈12.3 | ≈12.3 | · | · | |
| Price / Cash Flow (TTM) | 10.65Y avg ≈10.1 | ≈10.1 | 11.7 | Overvalued | |
| Price / Tangible Book (MRQ) | 1.05Y avg ≈1.1 | ≈1.1 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | FNWD | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| EBITDA Margin | 9.4%5Y avg ≈9.1% | ≈9.1% | 4.2% | Top tier | |
| Pretax Margin | 12.3%5Y avg ≈18.0% | ≈18.0% | 30.7% | Weak | |
| Net Profit Margin | 12.2%5Y avg ≈16.9% | ≈16.9% | 25.1% | Weak | |
| ROA | 0.40%5Y avg ≈0.63% | ≈0.63% | 0.40% | In line | |
| ROE | 4.9%5Y avg ≈8.0% | ≈8.0% | 4.6% | In line |
Financial Health Debt, liquidity, solvency — balance sheet strength
No data for this ratio group yet
Not enough fundamentals data to compute this ratio group yet.
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | FNWD | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | -7.1%5Y avg ≈1.5% | ≈1.5% | · | · | |
| Revenue CAGR 3Y | -5.7%5Y avg ≈-0.57% | ≈-0.57% | · | · | |
| Revenue CAGR 5Y | 0.62% | · | · | · | |
| EPS YoY | -33.8%5Y avg ≈-11.5% | ≈-11.5% | · | · | |
| Net Income YoY | -33.3%5Y avg ≈-7.7% | ≈-7.7% | · | · | |
| EPS CAGR 3Y | -19.5%5Y avg ≈-19.0% | ≈-19.0% | · | · | |
| EPS CAGR 5Y | -16.4% | · | · | · | |
| Net Income CAGR 3Y | -18.8%5Y avg ≈-14.9% | ≈-14.9% | · | · | |
| Net Income CAGR 5Y | -12.7% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | FNWD | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.05Y avg ≈0.0 | ≈0.0 | 0.0 | In line |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield0.85%
Payout Ratio19.2%
Annualized Payout≈$0.48
5Y Div CAGR≈-17.3%
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Sep 18, 2026 | $0.12 | USD | ≈1.1% |
| Jun 17, 2026 | $0.12 | USD | ≈1.4% |
| Mar 16, 2026 | $0.12 | USD | ≈0.95% |
| Dec 17, 2025 | $0.12 | USD | ≈0.95% |
| Aug 29, 2025 | $0.12 | USD | ≈1.5% |
| Apr 28, 2025 | $0.12 | USD | ≈1.6% |
| Jan 21, 2025 | $0.12 | USD | ≈1.8% |
| Oct 18, 2024 | $0.12 | USD | ≈1.6% |
| Jul 19, 2024 | $0.12 | USD | ≈2.6% |
| Apr 22, 2024 | $0.12 | USD | ≈3.5% |
| Jan 22, 2024 | $0.12 | USD | ≈4.4% |
| Sep 21, 2023 | $0.31 | USD | ≈5.5% |
| Jun 22, 2023 | $0.31 | USD | ≈5.5% |
| Mar 23, 2023 | $0.31 | USD | ≈4.0% |
| Dec 27, 2022 | $0.31 | USD | ≈3.4% |
| Sep 27, 2022 | $0.31 | USD | ≈3.5% |
| Jun 23, 2022 | $0.31 | USD | ≈3.4% |
| Mar 24, 2022 | $0.31 | USD | ≈2.6% |
| Dec 28, 2021 | $0.31 | USD | ≈2.5% |
| Sep 23, 2021 | $0.31 | USD | ≈2.9% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
35.9%
Next Report
Oct 26, 2026
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Jul 27, 2026 | $0.48 | $0.64 | -24.7% |
| March 31, 2026 | $0.52 | $0.55 | -5.6% | |
| Dec. 31, 2025 | $0.83 | $0.62 | 33.4% | |
| Sept. 30, 2025 | $0.81 | $0.41 | 98.5% | |
| June 30, 2025 | $0.50 | $0.25 | 100.1% | |
| March 31, 2025 | $0.11 | $0.10 | 13.5% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest Expense | · | · | $31M | $5M | $2M | $6M | $9M | $5M | $3M | $2M | $2M | $2M | |
| Interest Income | $92M | $89M | $86M | $72M | $51M | $52M | $52M | $39M | $33M | $32M | $29M | $27M | |
| Pretax Income | $8M | $13M | $8M | $17M | $16M | $19M | $14M | $11M | $12M | $12M | $10M | $10M | |
| Income Tax | $23.0K | $1M | $-335.0K | $1M | $1M | $3M | $2M | $1M | $3M | $3M | $2M | $2M | |
| Net Income | $8M | $12M | $8M | $15M | $15M | $16M | $12M | $9M | $9M | $9M | $8M | $7M | |
| EPS (Basic) | $1.89 | $2.85 | $1.96 | $3.61 | $4.30 | $4.60 | $3.53 | $3.17 | $3.13 | $3.20 | $2.75 | $2.60 | |
| EPS (Diluted) | $1.88 | $2.84 | $1.96 | $3.60 | $4.30 | $4.60 | $3.53 | $3.17 | $3.13 | $3.20 | $2.75 | $2.60 | |
| Shares (Basic) | 4,271,350 | 4,259,570 | 4,273,824 | 4,176,125 | 3,477,309 | 3,461,948 | 3,425,056 | 2,949,212 | 2,863,899 | 2,858,556 | 2,850,801 | 2,844,033 | |
| Shares (Diluted) | 4,292,058 | 4,274,633 | 4,282,282 | 4,193,482 | 3,477,309 | 3,461,948 | 3,425,056 | 2,949,212 | 2,864,037 | 2,858,601 | 2,850,801 | 2,844,033 | |
| EBITDA | $6M | $7M | $7M | $6M | $5M | $3M | $2M | · | · | · | · | · |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | · | · | · | · | · | · | $47M | $17M | $11M | $44M | $12M | $22M | |
| PP&E (Net) | $45M | $47M | $38M | $40M | $31M | $31M | $29M | $25M | $20M | $19M | $19M | $18M | |
| PP&E (Gross) | · | · | $73M | $72M | $63M | $60M | $57M | $51M | $44M | $42M | $41M | $38M | |
| Accum. Depreciation | · | $34M | $35M | $32M | $32M | $30M | $27M | $26M | $24M | $23M | $22M | $20M | |
| Goodwill | $22M | $22M | $22M | $22M | $11M | $11M | $11M | $8M | $3M | $3M | $3M | $2M | |
| Intangibles | $1M | $2M | $3M | $5M | $3M | $4M | $5M | · | · | · | · | · | |
| Total Assets | $2.02B | $2.06B | $2.11B | $2.07B | $1.62B | $1.50B | $1.33B | $1.10B | $927M | $914M | $865M | $775M | |
| Total Liabilities | $1.85B | $1.91B | $1.96B | $1.93B | $1.46B | $1.34B | $1.19B | $995M | $835M | $830M | $784M | $699M | |
| Common Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | · | · | $361.0K | $361.0K | $361.0K | |
| Retained Earnings | $146M | $139M | $129M | $132M | $122M | $111M | $100M | $92M | $87M | $81M | $75M | $70M | |
| AOCI | $-42M | $-58M | $-52M | $-64M | $4M | $10M | $4M | $-3M | $684.0K | $-2M | $1M | $2M | |
| Stockholders' Equity | $175M | $151M | $147M | $130M | $157M | $152M | $134M | $101M | $92M | $84M | $81M | $76M | |
| Liabilities + Equity | $2.02B | $2.06B | $2.11B | $2.07B | $1.62B | $1.50B | $1.33B | $1.10B | $927M | $914M | $865M | $775M | |
| Shares Outstanding | 4,326,747 | 4,313,698 | 4,298,773 | 4,298,401 | 3,480,701 | 3,462,916 | 3,451,797 | 3,029,157 | 2,864,507 | 2,860,157 | 2,851,417 | 2,844,167 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $6M | $7M | $7M | $6M | $5M | $3M | $2M | $3M | · | · | · | · | |
| Stock-based Comp | $447.0K | $565.0K | $719.0K | $741.0K | $574.0K | $415.0K | $301.0K | $204.0K | $192.0K | $142.0K | $96.0K | $61.0K | |
| Deferred Tax | $-556.0K | $645.0K | $-673.0K | $1M | $137.0K | $572.0K | $1M | $256.0K | $377.0K | $125.0K | $-668.0K | $316.0K | |
| Amort. of Intangibles | · | · | · | · | · | $994.0K | $545.0K | $268.0K | · | · | · | $9.0K | |
| Other Non-cash | $-4M | $-11M | $9M | $-5M | $-3M | $346.0K | $-5M | · | · | · | · | · | |
| Operating Cash Flow | $10M | $10M | $24M | $18M | $17M | $20M | $11M | $11M | $12M | $10M | $9M | $10M | |
| CapEx | $853.0K | $3M | $1M | $3M | $3M | $4M | $3M | $1M | $2M | $2M | $1M | $859.0K | |
| Investing Cash Flow | $95M | $43M | $15M | $-1M | $-126M | $-185M | $-28M | $-31M | $-48M | $-21M | · | · | |
| Stock Repurchased | · | · | · | · | · | · | · | · | · | · | $0 | $31.0K | |
| Net Stock Activity | · | · | · | · | · | · | · | · | · | · | $0 | · | |
| Dividends Paid | $2M | $2M | $5M | $5M | $4M | $4M | $4M | $3M | $3M | $3M | $3M | $3M | |
| Financing Cash Flow | $-56M | $-68M | $15M | $-18M | $122M | $138M | $47M | $27M | $2M | $44M | · | · | |
| Net Change in Cash | $49M | $-15M | $55M | $-2M | $13M | $-27M | $30M | $6M | $-33M | $33M | $-10M | $2M | |
| Taxes Paid | $150.0K | $415.0K | · | · | · | · | · | · | · | · | · | · | |
| Free Cash Flow | $9M | $7M | $23M | $15M | $14M | $17M | $8M | $10M | $11M | $9M | $8M | $9M | |
| Levered FCF | · | · | $-9M | $10M | $12M | $13M | $-21.8K | $5M | $9M | $7M | $7M | $7M |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 12.2% | 17.1% | 12.8% | 19.2% | 23.2% | 25.9% | 22.5% | 21.5% | 23.3% | 24.3% | 22.9% | 23.5% | |
| Pretax Margin | 12.3% | 18.9% | 12.3% | 21.1% | 25.4% | 30.4% | 25.7% | 24.8% | 30.7% | 31.0% | 28.2% | 30.4% | |
| EBITDA Margin | 9.4% | 10.3% | 11.0% | 7.6% | 7.1% | 4.8% | 3.5% | · | · | · | · | · | |
| ROA | 0.40% | 0.58% | 0.40% | 0.82% | 0.96% | 1.2% | 1.0% | 0.92% | 0.97% | 1.0% | 0.96% | 1.0% | |
| ROE | 4.9% | 7.8% | 5.9% | 11.8% | 9.7% | 11.0% | 9.1% | 9.4% | 9.8% | 10.7% | 9.8% | 9.8% |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $40.37 | $35.22 | $34.28 | $31.73 | $45.00 | $44.16 | $38.85 | $33.50 | $32.14 | $29.41 | $28.38 | $26.78 | |
| Revenue / Share | $15.39 | $16.63 | $15.25 | $18.76 | $18.56 | $18.50 | $15.72 | $14.74 | $13.45 | $13.18 | $12.00 | $11.05 | |
| Cash Flow / Share | $2.31 | $2.29 | $5.65 | $4.24 | $4.90 | $6.11 | $3.20 | $3.57 | $4.29 | $3.63 | $3.32 | $3.37 | |
| Cash / Share | · | · | · | · | · | · | $13.69 | $5.66 | $3.85 | $15.77 | $4.04 | $7.72 | |
| Dividend / Share | $0.36 | $0.48 | $1.05 | $1.24 | $1.24 | $1.24 | $1.23 | $1.19 | $1.15 | $1.11 | $1.06 | $0.97 | |
| Dividend Paid / Share | $0.36 | $0.48 | $1.05 | $1.24 | $1.24 | $1.24 | $1.23 | $1.19 | $1.15 | $1.11 | $1.06 | $0.97 | |
| EPS (TTM) | $1.88 | $2.84 | $1.96 | $3.60 | $4.30 | $4.60 | $3.53 | $3.17 | $3.13 | $3.20 | $2.75 | $2.60 |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | -7.1% | 8.9% | -17.0% | 21.9% | 0.77% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | -5.7% | 3.3% | 0.66% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 0.62% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | -33.8% | 44.9% | -45.6% | -16.3% | -6.5% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | -19.5% | -12.9% | -24.8% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | -16.4% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | -33.3% | 44.8% | -44.4% | 0.78% | -6.1% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | -18.8% | -6.8% | -19.3% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | -12.7% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividends Paid CAGR 5Y | -18.4% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $66M | $71M | $65M | $79M | $65M | $64M | $54M | $43M | $39M | $38M | $34M | $31M | |
| Net Income TTM | $8M | $12M | $8M | $15M | $15M | $16M | $12M | $9M | $9M | $9M | $8M | $7M | |
| Market Cap | $152M | $121M | $109M | $156M | $160M | $125M | $158M | $130M | $127M | $111M | $88M | $75M | |
| P/E | 18.7 | 9.9 | 12.9 | 10.1 | 10.7 | 7.8 | 13.0 | 13.6 | 14.2 | 12.1 | 11.2 | 10.2 | |
| P/S | 2.3 | 1.7 | 1.7 | 2.0 | 2.5 | 2.0 | 2.9 | 3.0 | 3.3 | 3.0 | 2.6 | 2.4 | |
| P/B | 0.9 | 0.8 | 0.7 | 1.1 | 1.0 | 0.8 | 1.2 | 1.3 | 1.4 | 1.3 | 1.1 | 1.0 | |
| P / Tangible Book | 1.0 | 1.0 | 0.9 | 1.5 | 1.1 | 0.9 | · | · | · | · | · | · | |
| P / Cash Flow | 15.4 | 12.3 | 4.5 | 8.8 | 9.4 | 5.9 | 14.5 | 12.4 | 10.4 | 10.7 | 9.3 | 7.9 | |
| P / FCF | 16.8 | 18.0 | 4.7 | 10.6 | 11.5 | 7.2 | 20.0 | 13.7 | 12.0 | 12.8 | 10.8 | 8.6 | |
| Dividend Yield | 1.0% | 1.7% | 4.9% | 3.3% | 2.7% | 3.4% | 2.6% | 2.6% | 2.6% | 2.8% | 3.4% | 3.5% | |
| Earnings Yield | 5.3% | 10.1% | 7.8% | 9.9% | 9.4% | 12.7% | 7.7% | 7.4% | 7.0% | 8.2% | 8.9% | 9.8% | |
| Payout Ratio | 19.2% | 17.1% | 63.7% | 33.7% | 28.8% | 25.8% | 33.8% | 36.8% | 36.4% | 34.4% | 37.7% | 36.1% | |
| Annual Payout | $2M | $2M | $5M | $5M | $4M | $4M | $4M | $3M | $3M | $3M | $3M | $3M |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest Expense | · | · | · | · | · | · | · | · | · | $10M | · | $9M | $8M | $5M | $3M | $1M | |
| Interest Income | $23M | $23M | $23M | $23M | $23M | $22M | $23M | $22M | $22M | $22M | $22M | $22M | $22M | $20M | $20M | $19M | |
| Pretax Income | $2M | $3M | $2M | $4M | $2M | $616.0K | $3M | $399.0K | $134.0K | $10M | $1M | $2M | $3M | $3M | $4M | $5M | |
| Income Tax | $364.0K | $423.0K | $-166.0K | $63.0K | $-35.0K | $161.0K | $569.0K | $-207.0K | $-9.0K | $972.0K | $-356.0K | $-398.0K | $98.0K | $321.0K | $45.0K | $571.0K | |
| Net Income | $2M | $2M | $2M | $3M | $2M | $455.0K | $2M | $606.0K | $143.0K | $9M | $2M | $2M | $2M | $2M | $4M | $5M | |
| EPS (Basic) | $0.49 | $0.52 | $0.46 | $0.82 | $0.50 | $0.11 | $0.50 | $0.14 | $0.03 | $2.18 | $0.35 | $0.52 | $0.57 | $0.52 | $0.97 | $1.07 | |
| EPS (Diluted) | $0.48 | $0.52 | $0.46 | $0.81 | $0.50 | $0.11 | $0.50 | $0.14 | $0.03 | $2.17 | $0.37 | $0.51 | $0.57 | $0.51 | $0.96 | $1.07 | |
| Shares (Basic) | 4,280,844 | 4,276,530 | · | 4,273,022 | 4,271,952 | 4,266,976 | · | 4,260,809 | 4,259,695 | 4,256,667 | · | 4,251,920 | 4,250,304 | 4,342,386 | · | 4,242,568 | |
| Shares (Diluted) | 4,319,052 | 4,302,206 | · | 4,299,007 | 4,296,418 | 4,284,496 | · | 4,281,148 | 4,271,052 | 4,270,695 | · | 4,260,961 | 4,258,611 | 4,353,873 | · | 4,260,596 | |
| EBITDA | · | $1M | · | · | · | $2M | · | · | · | $2M | · | · | · | $1M | · | · |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PP&E (Net) | $44M | $44M | $45M | $46M | $46M | · | $47M | $48M | $49M | $48M | $38M | $39M | $39M | $40M | $40M | $44M | |
| PP&E (Gross) | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $72M | · | |
| Accum. Depreciation | · | · | · | · | · | · | · | · | · | · | $35M | · | · | · | $32M | · | |
| Goodwill | $22M | $22M | $22M | $22M | $22M | $22M | $22M | $22M | $22M | $22M | $22M | $22M | $22M | $22M | $22M | $23M | |
| Intangibles | $984.0K | $1M | $1M | $1M | $1M | $2M | $2M | $2M | $3M | $3M | $3M | $4M | $4M | $4M | $5M | $5M | |
| Total Assets | $2.04B | $2.02B | $2.02B | $2.05B | $2.06B | $2.04B | $2.06B | $2.07B | $2.08B | $2.07B | $2.11B | $2.09B | $2.16B | $2.10B | $2.07B | $2.05B | |
| Total Liabilities | $1.86B | $1.84B | $1.85B | $1.89B | $1.90B | $1.89B | $1.91B | $1.92B | $1.93B | $1.92B | $1.96B | $1.97B | $2.02B | $1.96B | $1.93B | $1.93B | |
| Common Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | · | |
| Retained Earnings | $149M | $148M | $146M | $145M | $142M | $140M | $139M | $138M | $138M | $138M | $129M | $128M | $128M | $126M | $132M | $129M | |
| AOCI | $-42M | $-46M | $-42M | $-49M | $-58M | $-58M | $-58M | $-48M | $-59M | $-56M | $-52M | $-79M | $-60M | $-56M | $-64M | $-80M | |
| Stockholders' Equity | $178M | $172M | $175M | $165M | $154M | $152M | $151M | $160M | $149M | $152M | $147M | $119M | $137M | $140M | $136M | $118M | |
| Liabilities + Equity | $2.04B | $2.02B | $2.02B | $2.05B | $2.06B | $2.04B | $2.06B | $2.07B | $2.08B | $2.07B | $2.11B | $2.09B | $2.16B | $2.10B | $2.07B | $2.05B | |
| Shares Outstanding | 4,333,002 | 4,330,486 | 4,326,747 | 4,327,511 | 4,324,889 | 4,324,485 | 4,313,698 | 4,313,940 | 4,313,940 | 4,310,251 | 4,298,773 | 4,300,881 | 4,303,766 | 4,304,026 | 4,298,401 | 4,297,900 |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $1M | $1M | $2M | $1M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $1M | $1M | $2M | |
| Stock-based Comp | $148.0K | $126.0K | $102.0K | $116.0K | $131.0K | $98.0K | $122.0K | $138.0K | $133.0K | $172.0K | $73.0K | $98.0K | $241.0K | $307.0K | $206.0K | $203.0K | |
| Other Non-cash | · | $-58.0K | · | · | · | $-6M | · | · | · | $-11M | · | · | · | $326.0K | · | · | |
| Operating Cash Flow | $5M | $4M | $8M | $1M | $5M | $-4M | $11M | $-4M | $3M | $-25.0K | $2M | $5M | $13M | $4M | $6M | $6M | |
| CapEx | $234.0K | $135.0K | $240.0K | $152.0K | $278.0K | $183.0K | $222.0K | $508.0K | $2M | $711.0K | $364.0K | $326.0K | $241.0K | $217.0K | $375.0K | $575.0K | |
| Investing Cash Flow | $-46M | $-2M | $51M | $14M | $10M | $20M | $-183.0K | $568.0K | $3M | $39M | $15M | $11M | $-8M | $-3M | $-11M | $-15M | |
| Dividends Paid | $520.0K | $520.0K | $518.0K | $519.0K | $2.0K | $518.0K | $517.0K | $522.0K | $515.0K | $515.0K | $1M | $1M | $1M | $1M | $1M | $1M | |
| Financing Cash Flow | $17M | $-2M | $-43M | $-15M | $16M | $-14M | $-12M | $-8M | $6M | $-53M | $-2M | $-61M | $56M | $23M | $-2M | $-32M | |
| Net Change in Cash | $-24M | $-892.0K | $15M | $764.0K | $31M | $2M | $-1M | $-12M | $11M | $-14M | $14M | $-44M | $61M | $23M | $-7M | $-41M | |
| Free Cash Flow | · | $4M | · | · | · | $-4M | · | · | · | $-736.0K | · | · | · | $4M | · | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $-10M | · | · | · | $-1M | · | · |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 11.9% | 12.8% | · | 20.2% | 12.9% | 2.9% | · | 4.1% | 0.98% | 36.7% | · | 14.1% | 14.3% | 13.0% | · | 22.6% | |
| Pretax Margin | 14.0% | 15.2% | · | 20.5% | 12.7% | 4.0% | · | 2.7% | 0.92% | 40.6% | · | 11.6% | 14.9% | 14.8% | · | 25.5% | |
| EBITDA Margin | · | 7.6% | · | · | · | 10.3% | · | · | · | 6.8% | · | · | · | 6.2% | · | · | |
| ROA | 0.10% | 0.11% | · | 0.17% | 0.10% | 0.02% | · | 0.03% | 0.01% | 0.44% | · | 0.11% | 0.13% | 0.11% | · | 0.25% | |
| ROE | 1.3% | 1.4% | · | 2.1% | 1.4% | 0.30% | · | 0.44% | 0.10% | 6.4% | · | 1.8% | 1.7% | 1.5% | · | 3.4% |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $41.15 | $39.81 | · | $38.24 | $35.67 | $35.10 | · | $36.99 | $34.45 | $35.17 | · | $27.68 | $31.77 | $32.47 | · | $27.46 | |
| Revenue / Share | $4.07 | $4.06 | · | $4.04 | $3.87 | $3.63 | · | $3.47 | $3.42 | $5.91 | · | $3.64 | $4.00 | $3.97 | · | $4.73 | |
| Cash Flow / Share | · | $0.84 | · | · | · | $-0.89 | · | · | · | $-0.01 | · | · | · | $0.91 | · | · | |
| Dividend / Share | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.00 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.31 | $0.31 | $0.31 | $0.31 | $0.31 | |
| Dividend Paid / Share | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | · | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.31 | $0.31 | $0.31 | $0.31 | $0.31 | |
| EPS (TTM) | $2.27 | $2.29 | · | $1.92 | $1.25 | $0.78 | · | $2.71 | $3.08 | $3.62 | · | $2.55 | $3.11 | $3.58 | · | $3.58 |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $69M | $68M | · | $66M | $63M | $61M | · | $70M | $71M | $73M | · | $69M | $74M | $77M | · | $75M | |
| Net Income TTM | $10M | $10M | · | $8M | $5M | $3M | · | $12M | $13M | $15M | · | $11M | $13M | $15M | · | $14M | |
| Market Cap | $159M | $157M | · | $139M | $119M | $126M | · | $138M | $106M | $106M | · | $95M | $95M | $125M | · | $146M | |
| P/E | 16.2 | 15.9 | · | 16.7 | 22.1 | 37.3 | · | 11.8 | 8.0 | 6.8 | · | 8.7 | 7.1 | 8.1 | · | 9.5 | |
| P/S | 2.3 | 2.3 | · | 2.1 | 1.9 | 2.1 | · | 2.0 | 1.5 | 1.4 | · | 1.4 | 1.3 | 1.6 | · | 1.9 | |
| P/B | 0.9 | 0.9 | · | 0.8 | 0.8 | 0.8 | · | 0.9 | 0.7 | 0.7 | · | 0.8 | 0.7 | 0.9 | · | 1.2 | |
| P / Tangible Book | 1.0 | 1.1 | · | 1.0 | 0.9 | 1.0 | · | 1.0 | 0.9 | 0.8 | · | 1.0 | 0.9 | 1.1 | · | 1.6 | |
| P / Cash Flow | · | 43.2 | · | · | · | -33.0 | · | · | · | -4241.3 | · | · | · | 31.7 | · | · | |
| Dividend Yield | 1.3% | 0.99% | · | 1.1% | 1.3% | 1.7% | · | 2.1% | 3.5% | 4.3% | · | 5.6% | 5.6% | 4.2% | · | 3.3% | |
| Earnings Yield | 6.2% | 6.3% | · | 6.0% | 4.5% | 2.7% | · | 8.5% | 12.6% | 14.7% | · | 11.5% | 14.1% | 12.3% | · | 10.5% | |
| Payout Ratio | · | 23.2% | · | · | · | 113.9% | · | · | · | 5.5% | · | · | · | 59.5% | · | · | |
| Annual Payout | $2M | $2M | · | $2M | $2M | $2M | · | $3M | $4M | $5M | · | $5M | $5M | $5M | · | $5M |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Net Income | $8M | $12M | $8M | $15M | $15M |
| Diluted EPS | $1.88 | $2.84 | $1.96 | $3.60 | $4.30 |
No data for this statement
Not enough fundamentals data to build this statement yet.
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $9M | $7M | $23M | $15M | $14M |
Institutional owners (13F) 73 filers · $78.9M total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
73
Value held
$78.9M
New positions
14
Exited positions
18
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 14 (+3 vs prior Q) | 18 (+13 vs prior Q) | 18 (-1 vs prior Q) | 21 (-1 vs prior Q) | -95K |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| ALLIANCEBERNSTEIN L.P. | $15,143,997 | 417,190 | 19.19% | Shares |
| PL Capital Advisors, LLC | $14,554,434 | 395,716 | 18.44% | Shares |
| VANGUARD GROUP INC | $7,038,247 | 200,007 | 8.92% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $5,963,840 | 162,149 | 7.56% | Shares |
| Finward Bancorp | $4,831,434 | 131,360 | 6.12% | Shares |
| ENDEAVOUR CAPITAL ADVISORS INC | $3,661,192 | 99,543 | 4.64% | Shares |
| Elizabeth Park Capital Advisors, Ltd. | $2,119,337 | 57,622 | 2.69% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $1,973,468 | 53,656 | 2.50% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $1,666,134 | 45,300 | 2.11% | Shares |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | $1,652,893 | 44,940 | 2.09% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $1,544,071 | 41,970 | 1.96% | Shares |
| Caldwell Trust Co | $1,487,015 | 40,430 | 1.88% | Shares |
| MILLENNIUM MANAGEMENT LLC | $1,327,243 | 36,086 | 1.68% | Shares |
| FIFTH THIRD BANCORP | $1,096,228 | 29,805 | 1.39% | Shares |
| RAFFLES ASSOCIATES LP | $977,612 | 26,580 | 1.24% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $878,069 | 23,881 | 1.11% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $875,658 | 23,808 | 1.11% | Shares |
| Fiduciary Trust Co | $858,077 | 23,330 | 1.09% | Shares |
| BlackRock, Inc. | $827,661 | 22,503 | 1.05% | Shares |
| Fourthstone LLC | $771,497 | 20,976 | 0.98% | Shares |
| PNC Financial Services Group, Inc. | $736,814 | 20,033 | 0.93% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $726,776 | 19,760 | 0.92% | Shares |
| STATE STREET CORP | $607,606 | 16,520 | 0.77% | Shares |
| CITADEL ADVISORS LLC | $592,526 | 16,110 | 0.75% | Shares |
| OLD NATIONAL BANCORP /IN/ | $588,443 | 15,999 | 0.75% | Shares |
| JANE STREET GROUP, LLC | $576,968 | 15,687 | 0.73% | Shares |
| Squarepoint Ops LLC | $512,603 | 13,937 | 0.65% | Shares |
| Black Maple Capital Management LP | $448,606 | 12,197 | 0.57% | Shares |
| Mesirow Financial Investment Management, Inc. | $392,332 | 10,667 | 0.50% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $386,521 | 10,509 | 0.49% | Shares |
| GOLDMAN SACHS GROUP INC | $356,178 | 9,684 | 0.45% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $352,021 | 9,571 | 0.45% | Shares |
| MORGAN STANLEY | $347,240 | 9,440 | 0.44% | Shares |
| UBS Group AG | $327,600 | 8,907 | 0.42% | Shares |
| NORTHERN TRUST CORP | $314,138 | 8,541 | 0.40% | Shares |
| Private Advisor Group, LLC | $308,364 | 8,384 | 0.39% | Shares |
| COMMONWEALTH EQUITY SERVICES, LLC | $294,290 | 8,001 | 0.37% | Shares |
| Qube Research & Technologies Ltd | $269,524 | 7,328 | 0.34% | Shares |
| AMERICAN CENTURY COMPANIES INC | $239,695 | 6,517 | 0.30% | Shares |
| TWO SIGMA INVESTMENTS, LP | $231,935 | 6,306 | 0.29% | Shares |
| Quadrature Capital Ltd | $231,309 | 6,289 | 0.29% | Shares |
| Aster Capital Management (DIFC) Ltd | $217,370 | 5,910 | 0.28% | Shares |
| Daytona Street Capital LLC | $215,580 | 6,000 | 0.27% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $68,889 | 1,873 | 0.09% | Shares |
| Russell Investments Group, Ltd. | $65,149 | 1,771 | 0.08% | Shares |
| Vanguard Global Advisers, LLC | $47,409 | 1,289 | 0.06% | Shares |
| CWM, LLC | $32,561 | 897 | 0.04% | Shares |
| LOS ANGELES CAPITAL MANAGEMENT LLC | $32,477 | 883 | 0.04% | Shares |
| FEDERATED HERMES, INC. | $29,608 | 805 | 0.04% | Shares |
| ROYAL BANK OF CANADA | $20,000 | 546 | 0.03% | Shares |
Activists & 5%+ owners 2 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| David A. Bochnowski, Ann M. Bochnowski, Benjamin J. Bochnowski, Julia M. Kwait, John Mark Bochnowski, James J. Bochnowski ×6 filings | Nov. 22, 2024 | · | Initial filing | Passive investment | SEC |
| PL Capital Advisors, LLC, John W. Palmer, Richard J. Lashley, Martin P. Alwin ×2 filings | Sept. 9, 2024 | · | Initial filing | Board campaign | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 28 insiders · 9 officers · 17 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Benjamin J Bochnowski | President, CEO | Sept. 25, 2026 P | 1,874 | 4 | 0 | $865 |
| Benjamin Louis Schmitt | Chief Financial Officer | Feb. 25, 2026 A | 5,996 | 0 | 0 | $0 |
| Todd M. Scheub | Executive Vice President | Sept. 25, 2026 P | 11,759 | 4 | 0 | $5,569 |
| Robert T Lowry | Executive Vice President | Sept. 25, 2026 P | 15,286 | 4 | 0 | $7,301 |
| Peymon Torabi | Executive Vice President | May 15, 2023 P | 3,248 | 0 | 0 | $0 |
| Leane English Cerven | Executive Vice President | May 5, 2023 D | 7,655 | 0 | 0 | $0 |
| Tanya A. Leetz | Executive Vice President | March 2, 2022 D | 7,735 | 0 | 0 | $0 |
| John J Diederich | Executive Advisor | Feb. 9, 2018 A | 9,013 | 0 | 0 | $0 |
| Jon E Deguilio | Executive Vice President | May 20, 2010 D | 82 | 0 | 0 | $0 |
| Anthony Puntillo | Director | Sept. 25, 2026 P | 2,326 | 2 | 0 | $467 |
| Robert E. Johnson III | Director | June 30, 2026 P | 3,753 | 1 | 0 | $179 |
| Amy Wong Han | Director | June 30, 2026 P | 8,560 | 1 | 0 | $143 |
| Martin P Alwin | Director | May 22, 2026 A | 806 | 0 | 0 | $0 |
| Robert W. Youman | Director | May 22, 2026 A | 806 | 0 | 0 | $0 |
| Jennifer Evans | Director | May 22, 2026 A | 806 | 0 | 0 | $0 |
| Joel Gorelick | Director | May 22, 2026 A | 2,492 | 0 | 0 | $0 |
| Carolyn M. Burke | Director | July 11, 2025 A | 4,384 | 0 | 0 | $0 |
| Danette Garza | Director | July 11, 2025 A | 6,453 | 0 | 0 | $0 |
| Kenneth V Krupinski | Director | July 30, 2024 S | 264 | 0 | 0 | $0 |
| Donald P Fesko | Director | Feb. 6, 2023 A | 4,251 | 0 | 0 | $0 |
| James L Wieser | Director | Feb. 6, 2023 A | 9,512 | 0 | 0 | $0 |
| Edward J Furticella | Director | Feb. 11, 2022 A | 46,747 | 0 | 0 | $0 |
| Stanley E Mize | Director | Feb. 5, 2016 A | 28,358 | 0 | 0 | $0 |
| Lourdes M Dennison | Director | May 8, 2012 S | 6,210 | 0 | 0 | $0 |
| Leroy F Cataldi | Director | Jan. 23, 2004 S | 61,560 | 0 | 0 | $0 |
| David A Bochnowski | · | Dec. 4, 2023 P | 252,962 | 0 | 0 | $0 |
| Frank J Bochnowski | · | Aug. 25, 2008 M | 15,351 | 0 | 0 | $0 |
| Gloria C Gray | · | Sept. 26, 2005 S | 60,232 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 10 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| IWC · iShares Trust | 0.04% | 11,849 SH | Sept. 11, 2026 | Daily |
| DXUV · Dimensional ETF Trust | 0.00% | 356 NS | July 31, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.00% | 552 NS | July 31, 2026 | N-PORT |
| DFAT · Dimensional ETF Trust | 0.00% | 2,178 NS | July 31, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.00% | 528 NS | July 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.00% | 5,104 NS | July 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.00% | 505 NS | July 31, 2026 | N-PORT |
| DFSV · Dimensional ETF Trust | 0.00% | 140 NS | July 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.00% | 45,782 SH | Aug. 19, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 111,889 SH | Aug. 19, 2026 | Daily |
FNWD Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 8 analysts
BUY
Median target
$38.00
-10.3%
3 37.5%
Strong Buy
3 37.5%
Buy
2 25.0%
Hold
0 0.0%
Sell
0 0.0%
Strong Sell
12-Month Price Target
1 analysts · 2026-09-30Mean target $38.00 -10.3%
Low$38.00
Mean$38.00
High$38.00
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
My Metrics Your personal watchlist — selected rows from Full Fundamentals
Pick the metrics that matter to you — click the + next to any row in Full Fundamentals above.
Your selection is saved and follows you across all tickers.
Source: SEC 10-Q filed Aug 13, 2026