Finward Bancorp (FNWD)
Runs Peoples Bank's deposit, lending, and wealth services across Northwest Indiana and Chicagoland.
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Operates as the holding company for Peoples Bank, a community bank focused on deposits, real estate and business lending, and wealth-management services. Activity is concentrated in Northwest Indiana and suburban Chicagoland, with earnings tied to loan spreads, local credit conditions, and bank regulation.
Operates through Peoples Bank, an Indiana-chartered community bank that gathers deposits and makes residential, commercial real estate, construction, consumer, commercial business, and municipal loans. Wealth-management services add estate and retirement planning, fiduciary roles, trust administration, and investment agency accounts.
Serves a concentrated local market spanning Lake and Porter Counties in Indiana and Cook and DuPage Counties in Illinois. The 2021 rebrand from NorthWest Indiana Bancorp and the Royal Savings Bank acquisition expanded the identity beyond Northwest Indiana into suburban Chicagoland.
Depends on deposit funding, net interest spread, local borrower repayment capacity, and collateral values. Recent BSA and FDIC/DFI supervisory actions were terminated, but the business remains shaped by bank regulation and geographically concentrated credit exposure.
Company facts
Categories
Unavailable right now.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $327.6M · Total debt $95.3M · Total assets $2.04B · Shareholders' equity $178.3M
- Revenue
- $25.5M
- Operating income
- $2.5M
- Net income
- $2.1M
Last cut to $0.12 from $0.31 in Jan 2024. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 17, 2026 | Jun 17 | Jun 29 | $0.12 | |
| Mar 16, 2026 | Mar 16 | Mar 31 | $0.12 | |
| Dec 17, 2025 | Dec 17 | Dec 30 | $0.12 | |
| Aug 29, 2025 | Aug 29 | Sep 12 | $0.12 | |
| Apr 28, 2025 | Apr 28 | May 12 | $0.12 | |
| Jan 21, 2025 | Jan 21 | Feb 3 | $0.12 | |
| Oct 18, 2024 | Oct 18 | Oct 31 | $0.12 | |
| Jul 19, 2024 | Jul 19 | Aug 1 | $0.12 |
| Institutions77 holders · as of Mar 31, 2026 | 48.39% | 2.10M shares | |
| Insiders13 holders · as of Jul 2, 2026 | 3.21% | 138.9K shares | |
| Otherremainder | 48.40% | 2.10M shares |
4.33M company shares as of Sep 3, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
AllianceBernstein L.P.Institution | 9.56% | 413,735 | 13Fas of Mar 31, 2026 |
PL Capital Advisors, LLCInstitution | 9.14% | 395,716 | 13Fas of Mar 31, 2026 |
Vanguard Capital Management LLCInstitution | 3.75% | 162,302 | 13Fas of Mar 31, 2026 |
BlackRock, Inc.Institution | 3.70% | 160,243 | 13Fas of Mar 31, 2026 |
Finward BancorpInstitution | 3.04% | 131,560 | 13Fas of Mar 31, 2026 |
| See all 25 → | |||
13F — a manager's quarterly holdings
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 30, 2026 | Robert E. III Johnson | director | +5 | $35.75 |
| Jun 30, 2026 | Benjamin J. Bochnowski | director, officer: President, CEO | +6 | $36.00 |
| Jun 30, 2026 | Anthony Puntillo | director | +7 | $35.75 |
| Jun 30, 2026 | Todd M. Scheub | officer: Executive Vice President | +39 | $36.00 |
| Jun 30, 2026 | Amy Wong Han | director | +4 | $35.75 |
- Wintrust Financial
Chicago-area community banking, mortgage, and wealth rival
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Large Midwest bank overlapping in Chicago, Indiana, and wealth
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Northwest Indiana bank with direct Lake and Porter overlap
- First Merchants
Indiana community bank with Lake County and South Chicago overlap
- Byline Bancorp
Chicago commercial bank focused on deposits, CRE, SBA, and wealth
- Old Second Bancorp
South and west suburban Chicago community-banking peer
- First Financial Bancorp
Expanded Midwest bank adding Chicago retail and commercial reach
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Finward Bancorp | $43.35 | +1.86% | $188.1M | 19.0 | 15.0 | 1.8 | +5.7% |
| Wintrust Financial | $152.28 | +2.38% | $10.27B | 12.1 | 11.5 | 2.4 | +10.1% |
| Old National Bancorp | $25.46 | −0.74% | $9.81B | 11.3 | 9.4 | 2.4 | +12.3% |
| Horizon Bancorp | $19.64 | −0.12% | $1.01B | — | 9.1 | 10.6 | +16.1% |
| First Merchants | $41.70 | +1.93% | $2.62B | 13.3 | 9.9 | 2.4 | +23.2% |
| Byline Bancorp | $38.29 | −0.03% | $1.74B | 11.6 | 11.6 | 2.7 | +7.4% |
| Old Second Bancorp | $25.65 | +0.39% | $1.31B | 14.7 | 11.0 | 3.1 | +31.2% |
| First Financial Bancorp | $32.68 | +2.05% | $3.43B | 11.5 | 10.2 | 2.6 | +16.7% |
| Median | 11.9 | 10.2 | 2.6 | +16.1% |