FNWD
Income statement / Annual
Last year (2024), Finward Bancorp's total revenue was $111.83 M,
an increase of 15.85% from the previous year.
In 2024, Finward Bancorp's net income was $12.13 M.
See Finward Bancorp,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
| Period Ended |
12/31/2024 |
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 |
| Operating Revenue |
$111.83 M |
$96.53 M |
$83.54 M |
$66.60 M |
$69.77 M |
$62.92 M |
$48.55 M |
$41.11 M |
$40.01 M |
$36.23 M |
| Cost of Revenue |
$40.23 M
|
$33.25 M
|
$4.89 M
|
$3.59 M
|
$9.43 M
|
$11.68 M
|
$6.40 M
|
$3.79 M
|
$3.61 M
|
$2.97 M
|
| Gross Profit |
$71.60 M
|
$63.28 M
|
$78.66 M
|
$63.01 M
|
$60.34 M
|
$51.24 M
|
$42.15 M
|
$37.32 M
|
$36.40 M
|
$33.27 M
|
| Gross Profit Ratio |
0.64
|
0.66
|
0.94
|
0.95
|
0.86
|
0.81
|
0.87
|
0.91
|
0.91
|
0.92
|
| 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 |
$29.53 M
|
$29.66 M
|
$30.22 M
|
$25.10 M
|
$23.64 M
|
$19.92 M
|
$16.82 M
|
$14.56 M
|
$14.43 M
|
$13.67 M
|
| Selling & Marketing Expenses |
$799.00 K
|
$840.00 K
|
$1.91 M
|
$1.09 M
|
$732.00 K
|
$926.00 K
|
$707.00 K
|
$595.00 K
|
$517.00 K
|
$548.00 K
|
| Selling, General & Administrative Expenses |
$30.33 M
|
$30.50 M
|
$32.13 M
|
$26.19 M
|
$24.38 M
|
$20.84 M
|
$17.53 M
|
$15.15 M
|
$14.95 M
|
$14.22 M
|
| Other Expenses |
$27.82 M
|
$24.73 M
|
$29.98 M
|
$20.45 M
|
$17.26 M
|
$16.55 M
|
$13.85 M
|
$10.34 M
|
$9.76 M
|
$9.40 M
|
| Operating Expenses |
$58.14 M
|
$55.23 M
|
$62.10 M
|
$46.64 M
|
$41.64 M
|
$37.39 M
|
$31.38 M
|
$25.49 M
|
$24.71 M
|
$23.62 M
|
| Cost And Expenses |
$98.37 M
|
$88.48 M
|
$66.99 M
|
$50.23 M
|
$51.06 M
|
$49.06 M
|
$37.78 M
|
$29.28 M
|
$28.32 M
|
$26.58 M
|
| Interest Income |
$89.18 M
|
$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
|
| Interest Expense |
$40.73 M
|
$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
|
| Depreciation & Amortization |
$7.29 M
|
$7.16 M
|
$5.97 M
|
$4.56 M
|
$3.20 M
|
$1.95 M
|
$2.66 M
|
$2.61 M
|
$2.55 M
|
$2.32 M
|
| EBITDA |
$20.75 M |
$15.21 M |
$22.53 M |
$20.94 M |
$21.91 M |
$15.80 M |
$13.43 M |
$14.44 M |
$14.24 M |
$11.97 M |
| EBITDA Ratio |
0.19
|
0.16
|
0.27
|
0.31
|
0.31
|
0.25
|
0.28
|
0.35
|
0.36
|
0.33
|
| Operating Income Ratio |
0.12
|
0.08
|
0.2
|
0.25
|
0.27
|
0.22
|
0.22
|
0.29
|
0.29
|
0.27
|
| Total Other Income/Expenses Net |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Income Before Tax |
$13.46 M
|
$8.05 M
|
$16.56 M
|
$16.38 M
|
$18.71 M
|
$13.86 M
|
$10.77 M
|
$11.83 M
|
$11.69 M
|
$9.65 M
|
| Income Before Tax Ratio |
0.12
|
0.08
|
0.2
|
0.25
|
0.27
|
0.22
|
0.22
|
0.29
|
0.29
|
0.27
|
| Income Tax Expense |
$1.33 M
|
-$335.00 K
|
$1.48 M
|
$1.41 M
|
$2.77 M
|
$1.76 M
|
$1.43 M
|
$2.87 M
|
$2.55 M
|
$1.80 M
|
| Net Income |
$12.13 M
|
$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
|
| Net Income Ratio |
0.11
|
0.09
|
0.18
|
0.22
|
0.23
|
0.19
|
0.19
|
0.22
|
0.23
|
0.22
|
| EPS |
2.84 |
1.96 |
3.61 |
4.3 |
4.79 |
3.53 |
3.08 |
3.13 |
3.2 |
2.75 |
| EPS Diluted |
2.84 |
1.96 |
3.6 |
4.3 |
4.79 |
3.53 |
3.08 |
3.13 |
3.2 |
2.75 |
| Weighted Average Shares Out |
$4.27 M
|
$4.28 M
|
$4.18 M
|
$3.48 M
|
$3.46 M
|
$3.43 M
|
$3.03 M
|
$2.86 M
|
$2.86 M
|
$2.85 M
|
| Weighted Average Shares Out Diluted |
$4.27 M
|
$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
|
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