43.99
+0.57%
Close of 9 Nov 2026, in USD
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About Finward Bancorp
From its filings with the US Securities and Exchange Commission
Finward Bancorp is based in Munster, Indiana and is incorporated in Indiana. Its shares trade on Nasdaq under the ticker FNWD. The SEC classifies its business as savings institution, federally chartered. In the fiscal year to 31 December 2025, it reported net income of $8.1m. At that date it held total assets of $2.02bn and shareholders' equity of $174.7m.
Finward Bancorp, an Indiana corporation, was incorporated on January 31, 1994, and is the holding company for Peoples Bank, an Indiana-chartered commercial bank. The Bank is a wholly owned subsidiary of the Company. The Company has no other business activity other than being a holding company for the Bank and the Company’s earnings are primarily dependent upon the earnings of the Bank.
The Bank is primarily engaged in the business of attracting deposits from the general public and the origination of loans, mostly upon the security of single family residences and commercial real estate, as well as, construction loans and various types of consumer loans, commercial business loans and municipal loans, within its primary market areas of Lake and Porter Counties, in Northwest Indiana, and Cook County, Illinois. In addition, the Company's Wealth Management Group provides estate and retirement planning, guardianships, land trusts, profit sharing and 401(k) retirement plans, IRA and Keogh accounts, investment agency accounts, and serves as the personal representative of estates and acts as trustee for revocable and irrevocable trusts.
Quoted from its 10-K, filed 25 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Financials
- Industry
- Banks
- Listed since
- 18 Mar 1998
- Employees
- 296
- Head office
- 9204 COLUMBIA AVE, MUNSTER, IN, 46321
- Incorporated in
- IN
- Classification
- Savings Institution, Federally Chartered
- Filer status
- Non-accelerated filer<br>Smaller reporting company
Leadership
Pay as last reported
- Mr. Joel GorelickIndependent Chairman of the Board, since 2000$53,667
- Mr. Benjamin BochnowskiPresident, Chief Executive Officer, Director, Chief Executive Officer of Peoples Bank, since 2013$508,237
- Dr. Anthony PuntilloVice Chairman of the Board, since 2004$50,058
- Mr. Benjamin SchmittExecutive Vice President, Chief Financial Officer, Treasurer of the Bancorp and the Bank$343,271
- Mr. Robert LowryChief Operating Officer, Executive Vice President of the Bancorp and the Bank$373,412
- Mr. Todd ScheubExecutive Vice President, Chief Revenue Officer, President of Peoples Bank$401,195
- Mr. Martin AlwinIndependent Director$7,125
- Ms. Carolyn BurkeIndependent Director$7,125
- Ms. Jennifer EvansIndependent Director$7,125
- Ms. Danette GarzaIndependent Director$28,917
- Dr. Amy HanIndependent Director$28,500
- Mr. Robert JohnsonIndependent Director$31,417
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Finward Bancorp has a strong financial foundation, with a solid capital base, ample liquidity, and consistently positive earnings. This positions the company well to weather economic downturns and take advantage of growth opportunities.
- The bank's vast network of branches and ATMs provides convenient access for customers, enhancing customer satisfaction and loyalty. Additionally, Finward Bancorp has established a strong brand reputation for delivering excellent customer service and personalized financial solutions.
- The company's dedicated and skilled workforce is another strength. The employees of Finward Bancorp possess a deep understanding of financial markets, enabling them to offer expert advice and guidance to clients.
Weaknesses
- One weakness for Finward Bancorp is its relatively limited online banking capabilities compared to some of its competitors. While the company has made efforts to improve its digital offerings, it still lags behind in terms of user experience and functionality.
- Another weakness is the bank's heavy reliance on traditional advertising and marketing channels. In a rapidly evolving digital landscape, Finward Bancorp may struggle to effectively reach and engage with younger, tech-savvy customers who prefer online marketing platforms.
- Additionally, the bank faces a challenge in managing regulatory compliance. The constantly changing regulatory environment requires significant resources and expertise to ensure adherence, which can strain the bank's operations.
Opportunities
- There are several opportunities for Finward Bancorp to consider. Firstly, the company could enhance its online banking platform to provide a seamless and user-friendly experience for customers. This would enable the bank to attract and retain digital-savvy individuals who value convenience and accessibility.
- Expanding into new markets or acquiring smaller regional banks could also present growth opportunities for Finward Bancorp. By increasing its market reach, the bank can tap into new customer segments and diversify its revenue streams.
- Furthermore, Finward Bancorp could explore partnerships with financial technology companies to leverage innovative solutions and improve its digital capabilities. Collaborating with fintech firms can enhance the bank's competitiveness and attract tech-oriented customers.
Threats
- One of the threats facing Finward Bancorp is increasing competition from both traditional banks and fintech startups. These competitors can disrupt the industry by offering more technologically advanced products, greater convenience, or lower fees, potentially eroding Finward Bancorp's market share.
- Another threat is the potential for economic downturns or fluctuations in interest rates. These external factors can impact the bank's profitability and asset quality if not managed effectively.
- Lastly, reputation risk is a concern. In the era of social media and instant communication, negative publicity or customer dissatisfaction can spread rapidly and harm Finward Bancorp's brand image. It is crucial for the bank to proactively manage its reputation and address customer concerns promptly and effectively.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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