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Finward Bancorp FNWD Debt-to-equity

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Other financials

Income statement

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Revenue$17.5M+12.5%
Net income$2.2M+393%
EPS (diluted)$0.52+373%

Balance sheet

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Cash & equivalents$118.8M+540%
Total debt$14.4M-79.9%
Total equity$172.4M+13.6%
Total assets$2.0B-1.2%

Cash flow

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Operating cash flow$3.6M+195%
CapEx$135.0K-26.2%
Free cash flow$3.5M+188%

Valuation

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Market cap$159.26M+35.3%
Enterprise value$54.91M+88.7%
P/E16.1×-6.0×
P/S2.3×+0.5×

Profitability

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Net margin14.5%+9.1pp
FCF margin24.3%+18.7pp

Returns & leverage

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Return on equity6.1%+3.9pp

Where this comes from

Calculated from Finward Bancorp’s reported figures.

Based on the most recent quarter.

The official record: Finward Bancorp’s 10-Q, filed May 13, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Finward Bancorp's debt-to-equity?
Finward Bancorp (FNWD) reported debt-to-equity of 0.1× in Q1 2026.
How has Finward Bancorp's debt-to-equity changed year-over-year?
Finward Bancorp's debt-to-equity decreased by 82.3% year-over-year, from 0.5× to 0.1×.
What is the long-term trend for Finward Bancorp's debt-to-equity?
Over 2 years (2023 to 2025), Finward Bancorp's debt-to-equity has grown at a -60.9% compound annual growth rate (CAGR), from 0.5× to 0.1×.
What does debt-to-equity mean?
Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.