Finward Bancorp (FNWD) Financial Ratios

For fiscal 2025 (fiscal year ended Dec 31, 2025), Finward Bancorp had a P/E ratio of 18.83 (up from 10.00), return on equity of 5.0% (down from 8.1%), debt-to-equity of 0.59 (down from 0.73) and return on assets of 0.4% (down from 0.6%). Its dividend yield was 1.02% with a payout ratio of 19.3%.

Finward Bancorp Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Valuation Ratios
P/E Ratio	18.83	10.00	12.95	10.32	10.67	7.85
Forward P/E	14.19	33.27	17.05	8.80	-	-
P/S Ratio	2.30	1.69	1.72	2.02	2.53	2.07
P/B Ratio	0.87	0.80	0.74	1.14	1.02	0.82
Price/Tangible Book	1.01	0.95	0.89	1.43	1.12	0.92
Price/FCF	16.83	18.02	4.71	10.58	11.47	7.81
Price/OCF	15.38	12.37	4.48	8.78	9.37	6.33
Enterprise Value Ratios
Profitability & Returns
Return on Equity (ROE)	4.96%	8.12%	5.91%	10.29%	9.71%	11.15%
Return on Assets (ROA)	0.40%	0.58%	0.40%	0.82%	0.96%	1.13%
Leverage & Solvency Ratios
Debt/Equity	0.59	0.73	0.84	1.06	0.11	0.15
Debt/FCF	11.37	16.43	5.36	9.83	1.24	1.47
Liquidity Ratios
Efficiency Ratios
Yield & Distribution Ratios
Earnings Yield	5.31%	10.00%	7.72%	9.69%	9.37%	12.74%
FCF Yield	5.94%	5.55%	21.25%	9.45%	8.72%	12.80%
Dividend Yield	1.02%	1.71%	4.16%	3.43%	2.70%	3.92%
Payout Ratio	19.25%	17.06%	63.66%	33.65%	28.80%	26.93%
Buyback Yield	-0.41%	0.18%	-2.12%	-20.60%	-0.44%	-1.08%
Total Return	0.62%	1.89%	2.04%	-17.17%	2.26%	2.84%

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Finward Bancorp Financial Ratios

What is Finward Bancorp's P/E ratio?

Finward Bancorp's P/E ratio was 18.83 for fiscal 2025 (period ended Dec 31, 2025). It was 10.00 a year earlier.

What is Finward Bancorp's return on equity?

Finward Bancorp's return on equity (ROE) was 5.0% for fiscal 2025 (period ended Dec 31, 2025). It was 8.1% a year earlier.

What is Finward Bancorp's debt-to-equity ratio?

Finward Bancorp's debt-to-equity ratio was 0.59 for fiscal 2025 (period ended Dec 31, 2025). It was 0.73 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition