FNWD Financial Statements

Balance sheet, income statement, cash flow, and dividends for Finward Bancorp (FNWD).


$121.26M Market Cap.

As of 03/31/2025 5:00 PM ET (MRY) • Disclaimer

FNWD Market Cap. (MRY)


FNWD Shares Outstanding (MRY)


FNWD Assets (MRY)


Total Assets

$2.06B

Total Liabilities

$1.91B

Total Investments

$1.83B

FNWD Income (MRY)


Revenue

$71.60M

Net Income

$12.13M

Operating Expense

$58.14M

FNWD Cash Flow (MRY)


CF Operations

$9.80M

CF Investing

$42.79M

CF Financing

-$68.02M

FNWD Dividends (MRY)


Period

Dividends

Yield %

Growth %

Payout Ratio

Coverage Ratio

2024

$0.48

1.70%

-48.39%

16.84%

5.94

2023

$0.93

3.70%

-25.00%

47.45%

2.11

2022

$1.24

3.40%

0.00%

34.35%

2.91

2021

$1.24

2.70%

0.00%

28.84%

3.47

2020

$1.24

3.40%

-

26.96%

3.71

FNWD Balance Sheet (MRY)


Metric

2024

2023

2022

2021

Total Assets

$2,060,699,000 (-2.26%)

$2,108,279,000 (1.83%)

$2,070,339,000 (27.74%)

$1,620,743,000 (8.32%)

Assets Current

-

-

-

-

Assets Non-Current

-

-

-

-

Goodwill & Intangible Assets

$24,255,000 (-5.50%)

$25,667,000 (-5.60%)

$27,189,000 (91.00%)

$14,235,000 (-6.52%)

Shareholders Equity

$151,414,000 (2.76%)

$147,345,000 (8.03%)

$136,393,000 (-12.91%)

$156,615,000 (3.25%)

Property Plant & Equipment Net

$47,259,000 (22.96%)

$38,436,000 (-4.42%)

$40,212,000 (28.12%)

$31,385,000 (1.95%)

Cash & Equivalents

$70,584,000 (-17.93%)

$86,008,000 (154.93%)

$33,738,000 (-3.29%)

$34,885,000 (59.88%)

Accumulated Other Comprehensive Income

-$58,084,000 (-12.54%)

-$51,613,000 (19.73%)

-$64,300,000 (-1603.74%)

$4,276,000 (-59.05%)

Deferred Revenue

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Total Investments

$1,833,419,000 (-2.07%)

$1,872,088,000 (-0.41%)

$1,879,720,000 (26.28%)

$1,488,500,000 (7.97%)

Investments Current

-

-

-

-

Investments Non-Current

-

-

-

-

Inventory

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Trade & Non-Trade Receivables

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Trade & Non-Trade Payables

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Accumulated Retained Earnings (Deficit)

$139,464,000 (7.77%)

$129,403,000 (-1.72%)

$131,661,000 (8.00%)

$121,909,000 (9.57%)

Tax Assets

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Tax Liabilities

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Total Debt

$105,116,000 (-11.01%)

$118,124,000 (-12.83%)

$135,503,000 (829.31%)

$14,581,000 (-26.58%)

Debt Current

-

-

-

-

Debt Non-Current

-

-

-

-

Total Liabilities

$1,909,285,000 (-2.63%)

$1,960,934,000 (1.40%)

$1,933,946,000 (32.09%)

$1,464,128,000 (8.89%)

Liabilities Current

-

-

-

-

Liabilities Non-Current

-

-

-

-

FNWD Income Statement (MRY)


Metric

2024

2023

2022

2021

Revenues

$71,597,000 (13.15%)

$63,276,000 (-19.56%)

$78,658,000 (24.83%)

$63,013,000 (4.43%)

Cost of Revenue

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Selling General & Administrative Expense

$49,106,000 (18.65%)

$41,389,000 (-9.32%)

$45,643,000 (27.79%)

$35,716,000 (13.65%)

Research & Development Expense

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Operating Expenses

$58,142,000 (5.27%)

$55,231,000 (-11.06%)

$62,100,000 (33.16%)

$46,636,000 (12.01%)

Interest Expense

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Income Tax Expense

$1,325,000 (495.52%)

-$335,000 (-122.67%)

$1,478,000 (4.53%)

$1,414,000 (-49.03%)

Net Loss Income from Discontinued Operations

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Consolidated Income

$12,130,000 (44.75%)

$8,380,000 (-44.43%)

$15,080,000 (0.78%)

$14,963,000 (-6.08%)

Net Income to Non-Controlling Interests

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income

$12,130,000 (44.75%)

$8,380,000 (-44.43%)

$15,080,000 (0.78%)

$14,963,000 (-6.08%)

Preferred Dividends Income Statement Impact

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income Common Stock

$12,130,000 (44.75%)

$8,380,000 (-44.43%)

$15,080,000 (0.78%)

$14,963,000 (-6.08%)

Weighted Average Shares

$4,313,819 (0.31%)

$4,300,517 (0.06%)

$4,297,799 (23.53%)

$3,479,139 (0.46%)

Weighted Average Shares Diluted

-

-

-

-

Earning Before Interest & Taxes (EBIT)

$13,455,000 (67.25%)

$8,045,000 (-51.41%)

$16,558,000 (1.11%)

$16,377,000 (-12.45%)

Gross Profit

$71,597,000 (13.15%)

$63,276,000 (-19.56%)

$78,658,000 (24.83%)

$63,013,000 (4.43%)

Operating Income

$13,455,000 (67.25%)

$8,045,000 (-51.41%)

$16,558,000 (1.11%)

$16,377,000 (-12.45%)

FNWD Cash Flow Statement (MRY)


Metric

2024

2023

2022

2021

Net Cash Flow from Investing

$42,789,000 (184.86%)

$15,021,000 (1391.57%)

-$1,163,000 (99.08%)

-$125,931,000 (31.95%)

Net Cash Flow from Financing

-$68,018,000 (-539.00%)

$15,494,000 (183.78%)

-$18,493,000 (-115.14%)

$122,142,000 (-11.48%)

Net Cash Flow from Operations

$9,805,000 (-59.50%)

$24,211,000 (36.31%)

$17,762,000 (4.22%)

$17,043,000 (-13.65%)

Net Cash Flow / Change in Cash & Cash Equivalents

-$15,424,000 (-128.18%)

$54,726,000 (2989.44%)

-$1,894,000 (-114.29%)

$13,254,000 (148.49%)

Net Cash Flow - Business Acquisitions and Disposals

$0 (0%)

$0 (0%)

$33,799,000 (0%)

$0 (0%)

Net Cash Flow - Investment Acquisitions and Disposals

$28,114,000 (83.84%)

$15,293,000 (144.80%)

-$34,136,000 (72.33%)

-$123,388,000 (32.27%)

Capital Expenditure

$14,603,000 (4284.24%)

-$349,000 (71.70%)

-$1,233,000 (60.58%)

-$3,128,000 (16.25%)

Issuance (Repayment) of Debt Securities

-$13,008,000 (25.15%)

-$17,379,000 (-114.37%)

$120,922,000 (2390.62%)

-$5,279,000 (6.38%)

Issuance (Purchase) of Equity Shares

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Payment of Dividends & Other Cash Distributions

-$2,069,000 (61.22%)

-$5,335,000 (-5.12%)

-$5,075,000 (-17.75%)

-$4,310,000 (-0.44%)

Effect of Exchange Rate Changes on Cash

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Share Based Compensation

$565,000 (-21.42%)

$719,000 (-2.97%)

$741,000 (29.09%)

$574,000 (38.31%)

Depreciation Amortization & Accretion

$7,291,000 (1.79%)

$7,163,000 (20.02%)

$5,968,000 (30.91%)

$4,559,000 (42.42%)

FNWD Financial Metrics (MRY)


Metric

2024

2023

2022

2021

Gross Margin

100.00% (0.00%)

100.00% (0.00%)

100.00% (0.00%)

100.00% (0.00%)

Profit Margin

16.90% (28.03%)

13.20% (-31.25%)

19.20% (-18.99%)

23.70% (-10.23%)

EBITDA Margin

29.00% (20.83%)

24.00% (-16.08%)

28.60% (-13.86%)

33.20% (-8.54%)

Return on Average Equity (ROAE)

7.90% (27.42%)

6.20% (-43.64%)

11.00% (13.40%)

9.70% (-11.01%)

Return on Average Assets (ROAA)

0.60% (50.00%)

0.40% (-42.86%)

0.70% (-22.22%)

0.90% (-18.18%)

Return on Sales (ROS)

18.80% (48.03%)

12.70% (-39.81%)

21.10% (-18.85%)

26.00% (-16.13%)

Return on Invested Capital (ROIC)

0.60% (50.00%)

0.40% (-50.00%)

0.80% (-27.27%)

1.10% (-15.38%)

Dividend Yield

1.70% (-54.05%)

3.70% (8.82%)

3.40% (25.93%)

2.70% (-20.59%)

Price to Earnings Ratio (P/E)

9.86 (-23.41%)

12.88 (28.42%)

10.03 (-6.01%)

10.67 (35.95%)

Price to Sales Ratio (P/S)

1.69 (-1.22%)

1.72 (-13.30%)

1.98 (-21.91%)

2.53 (22.25%)

Price to Book Ratio (P/B)

0.8 (8.68%)

0.74 (-35.41%)

1.14 (11.97%)

1.02 (23.67%)

Debt to Equity Ratio (D/E)

12.61 (-5.24%)

13.31 (-6.14%)

14.18 (51.66%)

9.35 (5.47%)

Earnings Per Share (EPS)

2.85 (45.41%)

1.96 (-45.71%)

3.61 (-16.05%)

4.3 (-6.52%)

Sales Per Share (SPS)

16.6 (12.80%)

14.71 (-19.60%)

18.3 (1.05%)

18.11 (3.95%)

Free Cash Flow Per Share (FCFPS)

5.66 (1.96%)

5.55 (44.28%)

3.85 (-3.85%)

4 (-13.42%)

Book Value Per Share (BVPS)

35.1 (2.45%)

34.26 (7.96%)

31.74 (-29.50%)

45.02 (2.77%)

Tangible Assets Book Value Per Share (TABVPS)

472.07 (-2.52%)

484.27 (1.87%)

475.39 (2.95%)

461.75 (7.97%)

Enterprise Value Over EBIT (EV/EBIT)

13 (-43.48%)

23 (91.67%)

12 (33.33%)

9 (125.00%)

Enterprise Value Over EBITDA (EV/EBITDA)

8.56 (-29.68%)

12.18 (41.98%)

8.58 (19.14%)

7.2 (125.89%)

Asset Turnover

0.04 (16.67%)

0.03 (-21.05%)

0.04 (-2.56%)

0.04 (-7.14%)

Current Ratio

-

-

-

-

Dividends

$0.48 (-48.39%)

$0.93 (-25.00%)

$1.24 (0.00%)

$1.24 (0.00%)

Free Cash Flow (FCF)

$24,408,000 (2.29%)

$23,862,000 (44.36%)

$16,529,000 (18.79%)

$13,915,000 (-13.04%)

Enterprise Value (EV)

$177,650,452 (-4.08%)

$185,207,049 (-4.14%)

$193,210,324 (28.19%)

$150,716,199 (115.88%)

Earnings Before Tax (EBT)

$13,455,000 (67.25%)

$8,045,000 (-51.41%)

$16,558,000 (1.11%)

$16,377,000 (-12.45%)

Earnings Before Interest Taxes & Depreciation Amortization (EBITDA)

$20,746,000 (36.42%)

$15,208,000 (-32.49%)

$22,526,000 (7.59%)

$20,936,000 (-4.43%)

Invested Capital

$2,070,976,000 (-2.07%)

$2,114,728,000 (-1.41%)

$2,144,915,000 (35.22%)

$1,586,204,000 (7.24%)

Working Capital

-

-

-

-

Tangible Asset Value

$2,036,444,000 (-2.22%)

$2,082,612,000 (1.93%)

$2,043,150,000 (27.18%)

$1,606,508,000 (8.47%)

Market Capitalization

$121,261,452 (11.72%)

$108,545,049 (-30.23%)

$155,580,324 (-2.53%)

$159,614,199 (27.67%)

Average Equity

$152,795,250 (12.58%)

$135,718,500 (-1.06%)

$137,176,750 (-10.76%)

$153,723,000 (4.85%)

Average Assets

$2,071,052,500 (-2.03%)

$2,113,889,750 (1.60%)

$2,080,663,750 (30.23%)

$1,597,724,250 (10.16%)

Invested Capital Average

$2,095,036,250 (-2.68%)

$2,152,837,750 (4.24%)

$2,065,211,750 (33.15%)

$1,551,000,750 (10.61%)

Shares

4,313,819 (0.31%)

4,300,517 (0.06%)

4,297,799 (23.53%)

3,479,139 (0.46%)