Finward Bancorp — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that Finward Bancorp filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $8.09M | Mar 25, 2026 |
| FY2025 | Dec 31, 2024 | $12.13M | Mar 25, 2026 |
| FY2023 | Dec 31, 2023 | $8.38M | Mar 28, 2024 |
| FY2023 | Dec 31, 2022 | $15.08M | Mar 28, 2024 |
| FY2022 | Dec 31, 2021 | $14.96M | Mar 30, 2023 |
| FY2021 | Dec 31, 2020 | $15.93M | Mar 30, 2022 |
| FY2020 | Dec 31, 2019 | $12.10M | Mar 22, 2021 |
| FY2019 | Dec 31, 2018 | $9.34M | Mar 16, 2020 |
| FY2018 | Dec 31, 2017 | $8.96M | Mar 5, 2019 |
| FY2017 | Dec 31, 2016 | $9.14M | Feb 20, 2018 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $9.90M | Mar 25, 2026 |
| FY2025 | Dec 31, 2024 | $9.81M | Mar 25, 2026 |
| FY2024 | Dec 31, 2023 | $24.21M | Mar 31, 2025 |
| FY2023 | Dec 31, 2022 | $17.73M | Mar 28, 2024 |
| FY2022 | Dec 31, 2021 | $17.04M | Mar 30, 2023 |
| FY2021 | Dec 31, 2020 | $19.74M | Mar 30, 2022 |
| FY2020 | Dec 31, 2019 | $10.96M | Mar 22, 2021 |
| FY2019 | Dec 31, 2018 | $10.54M | Mar 16, 2020 |
| FY2018 | Dec 31, 2017 | $12.30M | Mar 5, 2019 |
| FY2017 | Dec 31, 2016 | $10.39M | Feb 20, 2018 |
Capital Expenditures (Capex)
Cash spent on acquiring or upgrading physical assets — property, equipment, and infrastructure. High capex businesses include manufacturing, telecom, and energy companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $853.0K | Mar 25, 2026 |
| FY2025 | Dec 31, 2024 | $3.07M | Mar 25, 2026 |
| FY2024 | Dec 31, 2023 | $1.15M | Mar 31, 2025 |
| FY2023 | Dec 31, 2022 | $3.03M | Mar 28, 2024 |
| FY2022 | Dec 31, 2021 | $3.13M | Mar 30, 2023 |
| FY2021 | Dec 31, 2020 | $3.74M | Mar 30, 2022 |
| FY2020 | Dec 31, 2019 | $3.04M | Mar 22, 2021 |
| FY2019 | Dec 31, 2018 | $1.01M | Mar 16, 2020 |
| FY2018 | Dec 31, 2017 | $1.66M | Mar 5, 2019 |
| FY2017 | Dec 31, 2016 | $1.71M | Feb 20, 2018 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $2.02B | Mar 25, 2026 |
| FY2025 | Dec 31, 2024 | $2.06B | Mar 25, 2026 |
| FY2024 | Dec 31, 2023 | $2.11B | Mar 31, 2025 |
| FY2023 | Dec 31, 2022 | $2.07B | Mar 28, 2024 |
| FY2022 | Dec 31, 2021 | $1.62B | Mar 30, 2023 |
| FY2021 | Dec 31, 2020 | $1.50B | Mar 30, 2022 |
| FY2020 | Dec 31, 2019 | $1.33B | Mar 22, 2021 |
| FY2019 | Dec 31, 2018 | $1.10B | Mar 16, 2020 |
| FY2018 | Dec 31, 2017 | $927.26M | Mar 5, 2019 |
| FY2017 | Dec 31, 2016 | $913.63M | Feb 20, 2018 |
Total Liabilities
All financial obligations owed to outside parties — including debt, accounts payable, accrued expenses, and deferred revenue. Subtracting liabilities from total assets gives stockholders' equity.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $1.85B | Mar 25, 2026 |
| FY2025 | Dec 31, 2024 | $1.91B | Mar 25, 2026 |
| FY2024 | Dec 31, 2023 | $1.96B | Mar 31, 2025 |
| FY2023 | Dec 31, 2022 | $1.93B | Mar 28, 2024 |
| FY2022 | Dec 31, 2021 | $1.46B | Mar 30, 2023 |
| FY2021 | Dec 31, 2020 | $1.34B | Mar 30, 2022 |
| FY2020 | Dec 31, 2019 | $1.19B | Mar 22, 2021 |
| FY2019 | Dec 31, 2018 | $994.69M | Mar 16, 2020 |
| FY2018 | Dec 31, 2017 | $835.20M | Mar 5, 2019 |
| FY2017 | Dec 31, 2016 | $829.52M | Feb 20, 2018 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $174.66M | Mar 25, 2026 |
| FY2025 | Dec 31, 2024 | $151.41M | Mar 25, 2026 |
| FY2025 | Dec 31, 2023 | $147.35M | Mar 25, 2026 |
| FY2023 | Dec 30, 2023 | $136.39M | Mar 28, 2024 |
| FY2024 | Dec 31, 2022 | $130.28M | Mar 31, 2025 |
| FY2023 | Dec 31, 2021 | $156.62M | Mar 28, 2024 |
| FY2022 | Dec 31, 2020 | $151.69M | Mar 30, 2023 |
| FY2021 | Jan 1, 2020 | $133.54M | Mar 30, 2022 |
| FY2021 | Dec 31, 2019 | $133.54M | Mar 30, 2022 |
| FY2020 | Dec 31, 2018 | $101.46M | Mar 22, 2021 |
Goodwill
An intangible asset representing the premium paid above fair value when acquiring another company. A large goodwill balance signals a history of acquisitions at premium prices.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $22.40M | Mar 25, 2026 |
| FY2025 | Dec 31, 2024 | $22.40M | Mar 25, 2026 |
| FY2025 | Dec 31, 2023 | $22.40M | Mar 25, 2026 |
| FY2024 | Dec 31, 2022 | $22.40M | Mar 31, 2025 |
| FY2023 | Dec 31, 2021 | $11.11M | Mar 28, 2024 |
| FY2022 | Dec 31, 2020 | $11.11M | Mar 30, 2023 |
| FY2020 | Dec 31, 2019 | $11.11M | Mar 22, 2021 |
| FY2019 | Dec 31, 2018 | $8.17M | Mar 16, 2020 |
| FY2018 | Dec 31, 2017 | $2.79M | Mar 5, 2019 |
| FY2017 | Dec 31, 2016 | $2.79M | Feb 20, 2018 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $145.99M | Mar 25, 2026 |
| FY2025 | Dec 31, 2024 | $139.46M | Mar 25, 2026 |
| FY2024 | Dec 31, 2023 | $129.40M | Mar 31, 2025 |
| FY2023 | Dec 31, 2022 | $131.66M | Mar 28, 2024 |
| FY2022 | Dec 31, 2021 | $121.91M | Mar 30, 2023 |
| FY2021 | Dec 31, 2020 | $111.26M | Mar 30, 2022 |
| FY2020 | Dec 31, 2019 | $100.19M | Mar 22, 2021 |
| FY2019 | Dec 31, 2018 | $92.33M | Mar 16, 2020 |
| FY2018 | Dec 31, 2017 | $86.51M | Mar 5, 2019 |
| FY2017 | Dec 31, 2016 | $80.95M | Feb 20, 2018 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2019 | Dec 31, 2019 | $47.26M | Mar 16, 2020 |
| FY2019 | Dec 31, 2018 | $17.14M | Mar 16, 2020 |
| FY2019 | Dec 31, 2017 | $11.03M | Mar 16, 2020 |
| FY2018 | Dec 31, 2016 | $44.22M | Mar 5, 2019 |
| FY2017 | Dec 31, 2015 | $11.53M | Feb 20, 2018 |
| FY2016 | Dec 31, 2014 | $21.96M | Feb 27, 2017 |
| FY2015 | Dec 31, 2013 | $19.79M | Feb 22, 2016 |
| FY2014 | Dec 31, 2012 | $33.75M | Feb 24, 2015 |
| FY2013 | Dec 31, 2011 | $26.37M | Feb 25, 2014 |
| FY2012 | Dec 31, 2010 | $10.94M | Feb 15, 2013 |
EPS (Basic)
Net income divided by the weighted average shares outstanding. Basic EPS does not account for dilutive securities like options or convertible bonds — use diluted EPS for a more conservative view.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 1 | Mar 25, 2026 |
| FY2025 | Dec 31, 2024 | 2 | Mar 25, 2026 |
| FY2024 | Dec 31, 2023 | 1 | Mar 31, 2025 |
| FY2023 | Dec 31, 2022 | 3 | Mar 28, 2024 |
| FY2022 | Dec 31, 2021 | 4 | Mar 30, 2023 |
| FY2021 | Dec 31, 2020 | 4 | Mar 30, 2022 |
| FY2020 | Dec 31, 2019 | 3 | Mar 22, 2021 |
| FY2019 | Dec 31, 2018 | 3 | Mar 16, 2020 |
| FY2018 | Dec 31, 2017 | 3 | Mar 5, 2019 |
| FY2017 | Dec 31, 2016 | 3 | Feb 20, 2018 |
EPS (Diluted)
Net income divided by the fully diluted share count — including all potential shares from options, warrants, and convertible instruments. The more conservative and widely cited EPS figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 1 | Mar 25, 2026 |
| FY2025 | Dec 31, 2024 | 2 | Mar 25, 2026 |
| FY2024 | Dec 31, 2023 | 1 | Mar 31, 2025 |
| FY2023 | Dec 31, 2022 | 3 | Mar 28, 2024 |
| FY2022 | Dec 31, 2021 | 4 | Mar 30, 2023 |
| FY2021 | Dec 31, 2020 | 4 | Mar 30, 2022 |
| FY2020 | Dec 31, 2019 | 3 | Mar 22, 2021 |
| FY2019 | Dec 31, 2018 | 3 | Mar 16, 2020 |
| FY2018 | Dec 31, 2017 | 3 | Mar 5, 2019 |
| FY2017 | Dec 31, 2016 | 3 | Feb 20, 2018 |
Shares Outstanding
Total common shares issued and held by all shareholders, excluding treasury shares. Combined with market price gives market capitalization.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 4.33M | Mar 25, 2026 |
| FY2025 | Dec 31, 2024 | 4.31M | Mar 25, 2026 |
| FY2024 | Dec 31, 2023 | 4.30M | Mar 31, 2025 |
| FY2023 | Dec 31, 2022 | 4.30M | Mar 28, 2024 |
| FY2022 | Dec 31, 2021 | 3.48M | Mar 30, 2023 |
| FY2021 | Dec 31, 2020 | 3.46M | Mar 30, 2022 |
| FY2020 | Dec 31, 2019 | 3.45M | Mar 22, 2021 |
| FY2019 | Dec 31, 2018 | 3.03M | Mar 16, 2020 |
| FY2018 | Dec 31, 2017 | 2.86M | Mar 5, 2019 |
| FY2017 | Dec 31, 2016 | 2.86M | Feb 20, 2018 |
Dividends Paid
Cash dividends distributed to common shareholders during the period. Shown as a positive value despite being a cash outflow in the SEC filing.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $1.56M | Mar 25, 2026 |
| FY2025 | Dec 31, 2024 | $2.07M | Mar 25, 2026 |
| FY2024 | Dec 31, 2023 | $5.34M | Mar 31, 2025 |
| FY2023 | Dec 31, 2022 | $5.08M | Mar 28, 2024 |
| FY2022 | Dec 31, 2021 | $4.31M | Mar 30, 2023 |
| FY2021 | Dec 31, 2020 | $4.29M | Mar 30, 2022 |
| FY2020 | Dec 31, 2019 | $4.09M | Mar 22, 2021 |
| FY2019 | Dec 31, 2018 | $3.43M | Mar 16, 2020 |
| FY2018 | Dec 31, 2017 | $3.26M | Mar 5, 2019 |
| FY2017 | Dec 31, 2016 | $3.14M | Feb 20, 2018 |