Finward Bancorp (FNWD) - Net Assets
Based on the latest financial reports, Finward Bancorp (FNWD) has net assets worth $174.66 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.02 Billion) and total liabilities ($1.85 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Finward Bancorp (FNWD) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $174.66 Million |
| % of Total Assets | 8.64% |
| Annual Growth Rate | 6.54% |
| 5-Year Change | 11.52% |
| 10-Year Change | 107.67% |
| Growth Volatility | 7.12 |
Finward Bancorp - Net Assets Trend (1996–2025)
This chart illustrates how Finward Bancorp's net assets have evolved over time, based on quarterly financial data. Also explore FNWD asset base for the complete picture of this company's asset base.
Annual Net Assets for Finward Bancorp (1996–2025)
The table below shows the annual net assets of Finward Bancorp from 1996 to 2025. For live valuation and market cap data, see market cap of Finward Bancorp.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $174.66 Million | +15.35% |
| 2024-12-31 | $151.41 Million | +2.76% |
| 2023-12-31 | $147.34 Million | +8.03% |
| 2022-12-31 | $136.39 Million | -12.91% |
| 2021-12-31 | $156.62 Million | +3.25% |
| 2020-12-31 | $151.69 Million | +13.11% |
| 2019-12-31 | $134.10 Million | +32.17% |
| 2018-12-31 | $101.46 Million | +10.22% |
| 2017-12-31 | $92.06 Million | +9.45% |
| 2016-12-31 | $84.11 Million | +3.95% |
| 2015-12-31 | $80.91 Million | +6.23% |
| 2014-12-31 | $76.17 Million | +14.09% |
| 2013-12-31 | $66.76 Million | -1.32% |
| 2012-12-31 | $67.65 Million | +7.45% |
| 2011-12-31 | $62.96 Million | +12.25% |
| 2010-12-31 | $56.09 Million | +5.67% |
| 2009-12-31 | $53.08 Million | +0.58% |
| 2008-12-31 | $52.77 Million | +0.08% |
| 2007-12-31 | $52.73 Million | +5.44% |
| 2006-12-31 | $50.01 Million | +7.70% |
| 2005-12-31 | $46.43 Million | +5.30% |
| 2004-12-31 | $44.10 Million | +6.12% |
| 2003-12-31 | $41.55 Million | +6.15% |
| 2002-12-31 | $39.15 Million | +9.10% |
| 2001-12-31 | $35.88 Million | +7.02% |
| 2000-12-31 | $33.53 Million | +3.17% |
| 1999-12-31 | $32.50 Million | +3.78% |
| 1998-12-31 | $31.32 Million | +6.22% |
| 1997-12-31 | $29.48 Million | +5.99% |
| 1996-12-31 | $27.82 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Finward Bancorp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 494.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $145.99 Million | 83.59% |
| Other Comprehensive Income | $-41.66 Million | -23.85% |
| Other Components | $70.33 Million | 40.27% |
| Total Equity | $174.66 Million | 100.00% |
Finward Bancorp Competitors by Market Cap
The table below lists competitors of Finward Bancorp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Heng Sheng Holding Group Limited
KQ:900270
|
$139.16 Million |
|
Seoyon Co Ltd
KO:007860
|
$139.16 Million |
|
Grange Resources Ltd
AU:GRR
|
$139.21 Million |
|
Carnarvon Energy Ltd
AU:CVN
|
$139.25 Million |
|
Amotech Co. Ltd
KQ:052710
|
$138.89 Million |
|
Friedman Industries Inc. Common Stock
NYSE MKT:FRD
|
$138.83 Million |
|
American Eagle Gold Corp
V:AE
|
$138.81 Million |
|
Vestland Berhad
KLSE:0273
|
$138.69 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Finward Bancorp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 151,414,000 to 174,663,000, a change of 23,249,000 (15.4%).
- Net income of 8,087,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 16,422,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $8.09 Million | +4.63% |
| Other Comprehensive Income | $16.42 Million | +9.4% |
| Other Changes | $-1.26 Million | -0.72% |
| Total Change | $- | 15.35% |
Book Value vs Market Value Analysis
This analysis compares Finward Bancorp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.79x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 3.18x to 0.79x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-12-31 | $10.10 | $32.11 | x |
| 1997-12-31 | $10.57 | $32.11 | x |
| 1998-12-31 | $11.23 | $32.11 | x |
| 1999-12-31 | $11.76 | $32.11 | x |
| 2000-12-31 | $12.27 | $32.11 | x |
| 2001-12-31 | $13.03 | $32.11 | x |
| 2002-12-31 | $14.18 | $32.11 | x |
| 2003-12-31 | $14.91 | $32.11 | x |
| 2004-12-31 | $15.70 | $32.11 | x |
| 2005-12-31 | $16.49 | $32.11 | x |
| 2006-12-31 | $17.76 | $32.11 | x |
| 2007-12-31 | $18.68 | $32.11 | x |
| 2008-12-31 | $18.68 | $32.11 | x |
| 2009-12-31 | $18.86 | $32.11 | x |
| 2010-12-31 | $19.86 | $32.11 | x |
| 2011-12-31 | $22.20 | $32.11 | x |
| 2012-12-31 | $23.83 | $32.11 | x |
| 2013-12-31 | $23.50 | $32.11 | x |
| 2014-12-31 | $26.78 | $32.11 | x |
| 2015-12-31 | $28.38 | $32.11 | x |
| 2016-12-31 | $29.41 | $32.11 | x |
| 2017-12-31 | $32.14 | $32.11 | x |
| 2018-12-31 | $33.50 | $32.11 | x |
| 2019-12-31 | $39.15 | $32.11 | x |
| 2020-12-31 | $43.82 | $32.11 | x |
| 2021-12-31 | $45.04 | $32.11 | x |
| 2022-12-31 | $32.52 | $32.11 | x |
| 2023-12-31 | $34.41 | $32.11 | x |
| 2024-12-31 | $35.45 | $32.11 | x |
| 2025-12-31 | $40.69 | $32.11 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Finward Bancorp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.63%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.00%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 11.57x
- Recent ROE (4.63%) is below the historical average (10.44%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 7.87% | 18.16% | 0.04x | 10.76x | $-592.86K |
| 1997 | 11.59% | 26.26% | 0.04x | 10.84x | $467.80K |
| 1998 | 12.02% | 27.33% | 0.04x | 11.03x | $631.40K |
| 1999 | 12.92% | 15.38% | 0.08x | 11.13x | $950.00K |
| 2000 | 13.04% | 14.54% | 0.08x | 11.70x | $1.02 Million |
| 2001 | 13.13% | 15.28% | 0.07x | 12.28x | $1.12 Million |
| 2002 | 14.03% | 18.04% | 0.06x | 12.47x | $1.58 Million |
| 2003 | 14.29% | 20.24% | 0.06x | 12.24x | $1.78 Million |
| 2004 | 14.26% | 21.02% | 0.05x | 12.64x | $1.88 Million |
| 2005 | 14.37% | 19.88% | 0.05x | 13.51x | $2.03 Million |
| 2006 | 12.95% | 16.52% | 0.06x | 12.38x | $1.47 Million |
| 2007 | 10.60% | 13.90% | 0.06x | 11.92x | $315.70K |
| 2008 | 11.24% | 14.94% | 0.06x | 12.60x | $652.70K |
| 2009 | 4.69% | 6.58% | 0.06x | 12.47x | $-2.82 Million |
| 2010 | 9.23% | 14.38% | 0.06x | 11.25x | $-429.90K |
| 2011 | 8.55% | 16.20% | 0.05x | 10.35x | $-911.00K |
| 2012 | 10.13% | 20.39% | 0.05x | 10.23x | $87.90K |
| 2013 | 10.66% | 22.59% | 0.05x | 10.39x | $441.90K |
| 2014 | 9.71% | 22.23% | 0.04x | 10.18x | $-222.50K |
| 2015 | 9.70% | 21.67% | 0.04x | 10.69x | $-238.90K |
| 2016 | 10.87% | 22.85% | 0.04x | 10.86x | $731.20K |
| 2017 | 9.73% | 21.80% | 0.04x | 10.07x | $-245.00K |
| 2018 | 9.20% | 19.23% | 0.04x | 10.80x | $-809.40K |
| 2019 | 9.02% | 19.23% | 0.05x | 9.91x | $-1.31 Million |
| 2020 | 10.50% | 22.84% | 0.05x | 9.86x | $763.10K |
| 2021 | 9.55% | 22.47% | 0.04x | 10.35x | $-698.50K |
| 2022 | 11.06% | 18.05% | 0.04x | 15.18x | $1.44 Million |
| 2023 | 5.69% | 8.68% | 0.05x | 14.31x | $-6.35 Million |
| 2024 | 8.01% | 10.85% | 0.05x | 13.61x | $-3.01 Million |
| 2025 | 4.63% | 8.00% | 0.05x | 11.57x | $-9.38 Million |
Industry Comparison
This section compares Finward Bancorp's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $552,557,300
- Average return on equity (ROE) among peers: 11.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Finward Bancorp (FNWD) | $174.66 Million | 7.87% | 10.57x | $138.93 Million |
| Ameris Bancorp (ABCB) | $1.46 Billion | 8.31% | 6.86x | $4.95 Billion |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $5.70 Billion |
| ACNB Corporation (ACNB) | $74.01 Million | 9.97% | 11.77x | $483.21 Million |
| Affinity Bancshares Inc (AFBI) | $129.12 Million | 4.21% | 5.71x | $135.98 Million |
| Alerus Financial Corp (ALRS) | $153.31 Million | 13.22% | 8.01x | $647.19 Million |
| Amalgamated Bank (AMAL) | $535.82 Million | 8.62% | 10.16x | $1.14 Billion |
| Amerant Bancorp Inc. (AMTB) | $901.22 Million | 12.53% | 7.48x | $962.39 Million |
| Arrow Financial Corporation (AROW) | $72.29 Million | 17.85% | 12.85x | $601.02 Million |
| Associated Banc-Corp (ASB) | $2.02 Billion | 12.80% | 9.17x | $5.20 Billion |
| AmeriServ Financial Inc (ASRV) | $65.10 Million | 11.83% | 10.90x | $62.60 Million |
About Finward Bancorp
Finward Bancorp operates as the holding company for Peoples Bank that provides various banking products and services. The company's deposit products include non-interest- and interest-bearing demand accounts, savings accounts, money market deposit accounts, certificate accounts, and retirement savings plans. Its loan portfolio comprises residential mortgage loans that enable borrowers to purchase… Read more