Finward Bancorp (FNWD) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	101.7M	101.1M	111.8M	96.5M	83.5M
Cost of Revenue	32.7M	34.8M	40.2M	33.3M	4.9M
Gross Profit	69.0M	66.2M	71.6M	63.3M	78.7M
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	34.5M	32.1M	30.3M	30.5M	32.1M
General & Admin Expense	33.2M	31.3M	29.5M	29.7M	30.2M
Selling & Marketing Expense	1.3M	787.0K	799.0K	840.0K	1.9M
Other Expenses	24.0M	26.0M	27.8M	24.7M	30.0M
Total Operating Expenses	58.5M	58.1M	58.1M	55.2M	62.1M
Cost and Expenses	91.2M	93.0M	98.4M	88.5M	67.0M
Operating Income (EBIT)	10.5M	8.1M	13.5M	8.0M	16.6M
Non-Operating
Interest Income	92.5M	91.8M	89.2M	85.8M	72.0M
Interest Expense	32.8M	35.0M	40.7M	31.2M	4.9M
Net Interest Income	59.7M	56.7M	48.4M	54.6M	67.1M
Other Non-Op Income/Expense	—	—	—	—	—
Non-Operating Income (excl Interest)	—	—	—	—	—
EBT (Pre-Tax Income)	10.5M	8.1M	13.5M	8.0M	16.6M
Income Tax Expense	684.0K	23.0K	1.3M	(335.0K)	1.5M
Bottom Line
Net Income	9.8M	8.1M	12.1M	8.4M	15.1M
Earnings from Cont. Ops	9.8M	8.1M	12.1M	8.4M	15.1M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	9.8M	8.1M	12.1M	8.4M	15.1M
Per Share
Basic EPS	$2.29	$1.89	$2.84	$1.96	$3.61
Diluted EPS	$2.28	$1.88	$2.84	$1.96	$3.60
Revenue Per Share	$23.79	$23.66	$26.18	$22.58	$20.00
Shares
Basic Shares Outstanding	4.3M	4.3M	4.3M	4.3M	4.2M
Diluted Shares Outstanding	4.3M	4.3M	4.3M	4.3M	4.2M
Profitability Metrics
EBITDA	14.8M	14.3M	20.7M	15.2M	22.5M
D&A	4.3M	6.2M	7.3M	7.2M	6.0M
EBIT	10.5M	8.1M	13.5M	8.0M	16.6M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026