Finward Bancorp Future Growth

Future criteria checks 1/6

Finward Bancorp is forecast to grow earnings and revenue by 15.9% and 9.1% per annum respectively while EPS is expected to grow by 15.6% per annum.

Key information

15.9%

Earnings growth rate

15.60%

EPS growth rate

Banks earnings growth	8.2%
Revenue growth rate	9.1%
Future return on equity	n/a
Analyst coverage	Low
Last updated	07 Jul 2026

Recent future growth updates

Analysis Article • May 01

Analysts Are Updating Their Finward Bancorp (NASDAQ:FNWD) Estimates After Its First-Quarter Results

As you might know, Finward Bancorp ( NASDAQ:FNWD ) last week released its latest quarterly, and things did not turn out...

Recent updates

Analysis Article • May 01

Analysts Are Updating Their Finward Bancorp (NASDAQ:FNWD) Estimates After Its First-Quarter Results

As you might know, Finward Bancorp ( NASDAQ:FNWD ) last week released its latest quarterly, and things did not turn out...

Analysis Article • Apr 14

Finward Bancorp (NASDAQ:FNWD) Is Paying Out A Dividend Of $0.12

Finward Bancorp ( NASDAQ:FNWD ) will pay a dividend of $0.12 on the 12th of May. This means the annual payment will be...

Analysis Article • Dec 26

Finward Bancorp (NASDAQ:FNWD) Is Due To Pay A Dividend Of $0.12

Finward Bancorp's ( NASDAQ:FNWD ) investors are due to receive a payment of $0.12 per share on 3rd of February. The...

Analysis Article • Feb 04

This Analyst Just Made A Massive Upgrade To Their Finward Bancorp (NASDAQ:FNWD) Earnings Forecasts

Shareholders in Finward Bancorp ( NASDAQ:FNWD ) may be thrilled to learn that the covering analyst has just delivered a...

Analysis Article • Aug 26

Earnings and Revenue Growth Forecasts

NasdaqCM:FNWD - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2027	81	13	N/A	N/A	2
12/31/2026	77	11	N/A	N/A	2
3/31/2026	69	10	17	17	N/A
12/31/2025	66	8	9	10	N/A
9/30/2025	67	8	12	13	N/A
6/30/2025	64	5	7	8	N/A
3/31/2025	61	3	3	6	N/A
12/31/2024	72	12	7	10	N/A
9/30/2024	69	12	-2	1	N/A
6/30/2024	70	13	7	10	N/A
3/31/2024	72	15	19	20	N/A
12/31/2023	63	8	23	24	N/A
9/30/2023	67	11	27	28	N/A
6/30/2023	72	13	28	29	N/A
3/31/2023	75	15	19	21	N/A
12/31/2022	77	15	15	18	N/A
9/30/2022	75	14	7	12	N/A
6/30/2022	71	13	5	9	N/A
3/31/2022	66	13	-3	1	N/A
12/31/2021	63	15	14	17	N/A
9/30/2021	62	15	14	17	N/A
6/30/2021	61	16	19	22	N/A
3/31/2021	62	17	23	27	N/A
12/31/2020	60	16	16	20	N/A
9/30/2020	57	15	16	19	N/A
6/30/2020	54	14	13	16	N/A
3/31/2020	52	13	16	19	N/A
12/31/2019	51	12	N/A	11	N/A
9/30/2019	51	12	N/A	19	N/A
6/30/2019	49	11	N/A	10	N/A
3/31/2019	45	9	N/A	9	N/A
12/31/2018	42	9	N/A	11	N/A
9/30/2018	40	9	N/A	5	N/A
6/30/2018	39	9	N/A	13	N/A
3/31/2018	38	9	N/A	12	N/A
12/31/2017	37	9	N/A	12	N/A
9/30/2017	37	9	N/A	14	N/A
6/30/2017	37	9	N/A	6	N/A
3/31/2017	36	9	N/A	7	N/A
12/31/2016	36	9	N/A	10	N/A
9/30/2016	36	9	N/A	8	N/A
6/30/2016	35	8	N/A	10	N/A
3/31/2016	34	8	N/A	9	N/A
12/31/2015	33	8	N/A	9	N/A
9/30/2015	32	8	N/A	8	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: FNWD's forecast earnings growth (15.9% per year) is above the savings rate (3.5%).

Earnings vs Market: FNWD's earnings (15.9% per year) are forecast to grow slower than the US market (18.2% per year).

High Growth Earnings: FNWD's earnings are forecast to grow, but not significantly.

Revenue vs Market: FNWD's revenue (9.1% per year) is forecast to grow slower than the US market (12.9% per year).

High Growth Revenue: FNWD's revenue (9.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if FNWD's Return on Equity is forecast to be high in 3 years time

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/07/10 09:02
End of Day Share Price	2026/07/10 00:00
Earnings	2026/03/31
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Finward Bancorp is covered by 4 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Brendan Nosal	Hovde Group, LLC
Terence McEvoy	Stephens, Inc.
null null	Stephens, Inc.

Finward Bancorp Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Analysts Are Updating Their Finward Bancorp (NASDAQ:FNWD) Estimates After Its First-Quarter Results

Consensus EPS estimates increase by 35%

Price target increased by 9.4% to US$35.00

Consensus EPS estimates increase by 46%

Price target decreased by 7.5% to US$31.00

Price target decreased by 11% to US$31.50

Recent updates

Finward Bancorp(NasdaqCM:FNWD) dropped from Russell 2500 Value Benchmark

Upcoming dividend of US$0.12 per share

Finward Bancorp Announces Dividend, Payable on June 29, 2026

Now 22% undervalued after recent price drop

Analysts Are Updating Their Finward Bancorp (NASDAQ:FNWD) Estimates After Its First-Quarter Results

First quarter 2026 earnings: EPS and revenues miss analyst expectations

New major risk - Revenue and earnings growth

Finward Bancorp, Annual General Meeting, May 21, 2026

Full year 2025 earnings: EPS and revenues miss analyst expectations

Upcoming dividend of US$0.12 per share

Finward Bancorp Announces Dividend, Payable on March 31, 2026

Finward Bancorp Announces Board Resignations

Full year 2025 earnings: EPS and revenues miss analyst expectations

Finward Bancorp Reports Net Loan Charge Offs for the Fourth Quarter Ended December 31, 2025

Upcoming dividend of US$0.12 per share

Finward Bancorp Declares Dividend, Payable on December 30, 2025

Consensus EPS estimates increase by 35%

Price target increased by 9.4% to US$35.00

Third quarter 2025 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of US$0.12 per share

Finward Bancorp Announces Dividend, Payable on September 12, 2025

Consensus EPS estimates increase by 46%

Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind

New minor risk - Profit margin trend

Finward Bancorp Reports Net Charge Offs for the First Quarter Ended March 31, 2025

Finward Bancorp (NASDAQ:FNWD) Is Paying Out A Dividend Of $0.12

Fourth quarter dividend of US$0.12 announced

Finward Bancorp Announces Dividend, Payable on May 12, 2025

Price target decreased by 7.5% to US$31.00

Full year 2024 earnings: EPS and revenues exceed analyst expectations

Finward Bancorp, Annual General Meeting, May 22, 2025

Director recently bought US$61k worth of stock

Price target decreased by 11% to US$31.50

Full year 2024 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of US$0.12 per share

Finward Bancorp (NASDAQ:FNWD) Is Due To Pay A Dividend Of $0.12

Third quarter dividend of US$0.12 announced

Finward Bancorp Announces Fourth Quarter Dividend, Payable on February 3, 2025

Finward Bancorp and Peoples Bank Promote Benjamin L. Schmitt to Executive Vice President

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

Finward Bancorp Declares Third Quarter Dividend on the Common Stock, Payable on October 31, 2024

Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Upcoming dividend of US$0.12 per share

Finward Bancorp Announces Second Quarter Dividend, Payable on August 1, 2024

First quarter 2024 earnings: EPS and revenues miss analyst expectations

Upcoming dividend of US$0.12 per share

Full year 2023 earnings: EPS and revenues miss analyst expectations

Finward Bancorp, Annual General Meeting, May 24, 2024

New minor risk - Market cap size

Finward Bancorp and Peoples Bank Appoints Benjamin Schmitt as Senior Vice President and Treasurer

Consensus revenue estimates increase by 16%

This Analyst Just Made A Massive Upgrade To Their Finward Bancorp (NASDAQ:FNWD) Earnings Forecasts

Full year 2023 earnings: EPS and revenues miss analyst expectations

Upcoming dividend of US$0.12 per share at 1.9% yield

Finward Bancorp Announces Fourth Quarter Dividend, Payable on February 5, 2024

Finward Bancorp Announces Resignation of Donald P. Fesko from the Board of Directors

Finward Bancorp and Peoples Bank Announces Chief Financial Officer Changes

Price target decreased by 12% to US$23.00

Third quarter 2023 earnings: EPS in line with expectations, revenues disappoint

Price target decreased by 15% to US$26.25

Upcoming dividend of US$0.31 per share at 5.8% yield

Finward Bancorp (NASDAQ:FNWD) Has Affirmed Its Dividend Of $0.31

Finward Bancorp Announces Third Quarter Dividend, Payable on October 5, 2023

New minor risk - Earnings quality

Second quarter 2023 earnings: EPS in line with expectations, revenues disappoint

Upcoming dividend of US$0.31 per share at 5.8% yield

Finward Bancorp (NASDAQ:FNWD) Is Due To Pay A Dividend Of $0.31

Finward Bancorp Declares Second Quarter Dividend, Payable on July 6, 2023

Price target decreased by 11% to US$32.50