FNWD
Income statement / Annual
Last year (2023), Finward Bancorp's total revenue was $65.30 M,
a decrease of 16.98% from the previous year.
In 2023, Finward Bancorp's net income was $8.38 M.
See Finward Bancorp’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$65.30 M
|
$78.66 M
|
$64.52 M
|
$64.03 M
|
$53.83 M
|
$43.46 M
|
$38.52 M
|
$37.67 M
|
$34.22 M
|
$31.44 M
|
| Cost of Revenue |
-$31.23 M |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Gross Profit |
$96.53 M |
$78.66 M |
$64.52 M |
$64.03 M |
$53.83 M |
$43.46 M |
$38.52 M |
$37.67 M |
$34.22 M |
$31.44 M |
| Gross Profit Ratio |
1.48 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
| Research and Development
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative
Expenses |
$29.66 M
|
$30.22 M
|
$25.10 M
|
$22.85 M
|
$19.92 M
|
$16.82 M
|
$14.56 M
|
$14.43 M
|
$13.67 M
|
$11.88 M
|
| Selling & Marketing
Expenses |
$840,000.00
|
$1.91 M
|
$1.09 M
|
$732,000.00
|
$926,000.00
|
$707,000.00
|
$595,000.00
|
$517,000.00
|
$548,000.00
|
$496,000.00
|
| Selling, General &
Administrative Expenses |
$30.50 M
|
$32.13 M
|
$26.19 M
|
$23.59 M
|
$20.84 M
|
$17.53 M
|
$15.15 M
|
$14.95 M
|
$14.22 M
|
$12.38 M
|
| Other Expenses |
$34.80 M |
-$24.79 M |
-$74.33 M |
-$68.12 M |
-$60.82 M |
-$48.01 M |
-$7.99 M |
-$7.10 M |
$0.00 |
$0.00 |
| Operating Expenses |
$65.30 M |
$1.91 M |
-$48.15 M |
-$44.53 M |
-$39.97 M |
-$27.60 M |
$595,000.00 |
$517,000.00 |
$548,000.00 |
$496,000.00 |
| Cost And Expenses |
$65.30 M |
$1.91 M |
-$48.15 M |
-$44.53 M |
-$39.97 M |
-$27.60 M |
$595,000.00 |
$517,000.00 |
$548,000.00 |
$496,000.00 |
| Interest Income |
$85.78 M |
$72.04 M |
$50.66 M |
$51.62 M |
$52.25 M |
$39.45 M |
$33.36 M |
$32.40 M |
$29.38 M |
$27.18 M |
| Interest Expense |
$31.23 M |
$4.89 M |
$2.08 M |
$5.74 M |
$9.09 M |
$5.09 M |
$2.59 M |
$2.35 M |
$2.01 M |
$1.82 M |
| Depreciation &
Amortization |
$7.16 M
|
$5.97 M
|
$4.56 M
|
$3.20 M
|
$1.90 M
|
$2.59 M
|
$2.55 M
|
$2.50 M
|
$2.32 M
|
$2.03 M
|
| EBITDA |
$15.21 M
|
$22.53 M
|
$20.94 M
|
$21.91 M
|
$15.80 M
|
$0.00
|
$14.44 M
|
$14.24 M
|
$11.97 M
|
$11.58 M
|
| EBITDA Ratio |
0.23 |
0.27 |
0.32 |
0.35 |
0.29 |
0.43 |
0.44 |
0.44 |
0.41 |
0.43 |
| Operating Income Ratio
|
0.23
|
0.2
|
0.25
|
0.3
|
0.26
|
0.36
|
0.37
|
0.37
|
0.34
|
0.36
|
| Total Other
Income/Expenses Net |
-$7.16 M
|
-$1.54 M
|
-$4.56 M
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Income Before Tax |
$8.05 M |
$16.56 M |
$16.38 M |
$19.50 M |
$13.86 M |
$10.77 M |
$11.83 M |
$11.69 M |
$9.65 M |
$9.55 M |
| Income Before Tax Ratio
|
0.12
|
0.21
|
0.25
|
0.3
|
0.26
|
0.25
|
0.31
|
0.31
|
0.28
|
0.3
|
| Income Tax Expense |
-$335,000.00 |
$1.48 M |
$1.41 M |
$2.89 M |
$1.76 M |
$1.43 M |
$2.87 M |
$2.55 M |
$1.80 M |
$2.15 M |
| Net Income |
$8.38 M |
$15.08 M |
$14.96 M |
$15.93 M |
$12.10 M |
$9.34 M |
$8.96 M |
$9.14 M |
$7.85 M |
$7.39 M |
| Net Income Ratio |
0.13 |
0.19 |
0.23 |
0.25 |
0.22 |
0.21 |
0.23 |
0.24 |
0.23 |
0.24 |
| EPS |
1.96 |
3.61 |
4.3 |
4.6 |
3.53 |
3.17 |
3.13 |
3.2 |
2.75 |
2.6 |
| EPS Diluted |
1.96 |
3.6 |
4.3 |
4.6 |
3.53 |
3.08 |
3.13 |
3.2 |
2.75 |
2.6 |
| Weighted Average Shares
Out |
$4.28 M
|
$4.18 M
|
$3.48 M
|
$3.46 M
|
$3.43 M
|
$2.95 M
|
$2.86 M
|
$2.86 M
|
$2.85 M
|
$2.84 M
|
| Weighted Average Shares
Out Diluted |
$4.28 M
|
$4.19 M
|
$3.48 M
|
$3.46 M
|
$3.43 M
|
$3.03 M
|
$2.86 M
|
$2.86 M
|
$2.85 M
|
$2.84 M
|
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