FNWD: Finward Bancorp Financial Statements
Balance sheet, income statement, and cash flow statements for Finward Bancorp (FNWD).
$121.26M Market Cap.
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 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%) |
