FNWD on Nasdaq

Finward Bancorp

Finward Bancorp, an Indiana corporation, was incorporated on January 31, 1994, and is the holding company for Peoples Bank, an Indiana-chartered commercial bank.3 From its latest annual report

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Last updated Oct 19, 2026.

Overview

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  • TickerFNWD on Nasdaq1
  • IndustrySavings Institution, Federally Chartered1
  • HeadquartersMunster, Indiana1
  • Incorporated inIN2
  • Business address9204 Columbia Ave, Munster, In 463212
  • Filer categoryNon-accelerated filer, Smaller reporting company2

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Finward Bancorp, an Indiana corporation, was incorporated on January 31, 1994, and is the holding company for Peoples Bank, an Indiana-chartered commercial bank. The Bank is a wholly owned subsidiary of the Company. The Company has no other business activity other than being a holding company for the Bank and the Company’s earnings are primarily dependent upon the earnings of the Bank.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Net income456789$8.1M in 2025−33% since 2019
0$5.0M$10.0M$15.0M$20.0M2019: $12.1M$12.1M20192020: $15.9M$15.9M2020+32%2021: $15.0M$15.0M2021−6%2022: $15.1M$15.1M2022+1%2023: $8.4M$8.4M2023−44%2024: $12.1M$12.1M2024+45%2025: $8.1M$8.1M2025−33%

Every line of the income statement as filed: the last 2 fiscal years, latest first.9

Period ending2025-12-312024-12-31
Loans receivable$80.3M$77.5M
Securities$7.8M$8.2M
Other interest earning assets$3.6M$3.4M
Total interest income$91.8M$89.2M
Deposits$31.4M$35.2M
Federal funds purchased and repurchase agreements$1.4M$1.6M
Borrowed funds$2.2M$4.0M
Total interest expense$35.0M$40.7M
Net interest income$56.7M$48.4M
Provision for (benefit from) credit losses-$205.0K-$503.0K
Net interest income after provision for credit losses$56.9M$49.0M
Fees and service charges$5.4M$5.3M
Wealth management operations$2.7M$2.9M
Gain (loss) on tax credit investment$90.0K$1.2M
Gain (loss) on sale of loans held-for-sale, net$1.2M$1.1M
Gain (loss) on sale of securities, net-$1.6M-$531.0K
Bank owned life insurance$1.4M$812.0K
Gain (loss) on sale of property and equipment-$55.0K$11.7M
Other$122.0K$164.0K
Total non-interest income$9.3M$22.6M
Compensation and benefits$29.6M$27.7M
Occupancy and equipment$8.2M$8.2M
Data processing$5.0M$4.7M
Marketing$787.0K$799.0K
Federal deposit insurance premiums$1.7M$1.8M
Professional and outside services$4.2M$5.4M
Technology$2.1M$2.2M
Other$6.6M$7.2M
Total non-interest expense$58.1M$58.1M
Income before income tax expense$8.1M$13.5M
Income tax expense (benefit)$23.0K$1.3M
Net income$8.1M$12.1M
Basic (in dollars per share)$1.89$2.85
Diluted (in dollars per share)$1.88$2.84
Dividends declared per common share (in dollars per share)$0.36$0.48

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Leadership

Who has led Finward Bancorp, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. David A. Bochnowski2006–2016
  2. Benjamin J. Bochnowski2016–now

Chair

  1. David A. Bochnowski2006–2023

President

  1. Joel Gorelick2006–2015
  2. Benjamin J. Bochnowski2015–now

Chief financial officer

  1. Robert T. Lowry2008–2011
  2. Benjamin Louis Schmitt2024–now

Chief operating officer

  1. Benjamin J. Bochnowski2014–2016
2010201520202025
Board members and other officers (28)

Former names

  • NORTHWEST INDIANA BANCORPNov 8, 1996 to May 24, 20212

Timeline

  1. Nov 10, 2016New chief executive Benjamin J. Bochnowski becomes CEO13
  2. Feb 14, 2006New chief executive David A. Bochnowski becomes CEO14

Filings

315 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 89 major events, 152 insider forms, 9 large holders, 45 other. The latest 20:

  1. Oct 14, 202613F-HR EDGAR
  2. Sep 28, 20264 EDGAR
  3. Sep 28, 20264 EDGAR
  4. Sep 28, 20264 EDGAR
  5. Sep 28, 20264 EDGAR
  6. Sep 28, 2026DEFM14A EDGAR
  7. Sep 4, 20268-K EDGAR
  8. Aug 14, 2026N-PX EDGAR
  9. Aug 13, 202610-Q EDGAR
  10. Jul 28, 20268-K EDGAR
  11. Jul 21, 2026425 EDGAR
  12. Jul 21, 2026425 EDGAR
  13. Jul 21, 2026425 EDGAR
  14. Jul 21, 20268-K EDGAR
  15. Jul 21, 2026425 EDGAR
  16. Jul 16, 202613F-HR EDGAR
  17. Jul 6, 20268-K EDGAR
  18. Jul 2, 20264 EDGAR
  19. Jul 1, 20264 EDGAR
  20. Jul 1, 20264 EDGAR

The 315 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

89 open-market trades by officers, directors and large owners since October 2021: 86 buys and 3 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 25, 2026Scheub Todd M.Executive Vice PresidentBuy32$43.48$1.4KForm 4
Sep 25, 2026Puntillo AnthonyDirectorBuy5$43.46$234Form 4
Sep 25, 2026Bochnowski Benjamin JPresident, CEOBuy5$43.48$224Form 4
Sep 25, 2026Lowry Robert TExecutive Vice PresidentBuy42$43.48$1.8KForm 4
Jun 30, 2026Johnson Robert E. IIIDirectorBuy5$35.75$195Form 4
Jun 30, 2026Lowry Robert TExecutive Vice PresidentBuy51$36.00$1.8KForm 4
Jun 30, 2026Han Amy WongDirectorBuy4$35.75$128Form 4
Jun 30, 2026Scheub Todd M.Executive Vice PresidentBuy39$36.00$1.4KForm 4
Jun 30, 2026Puntillo AnthonyDirectorBuy7$35.75$233Form 4
Jun 30, 2026Bochnowski Benjamin JPresident, CEOBuy6$36.00$224Form 4
Mar 31, 2026Scheub Todd M.Executive Vice PresidentBuy38$36.50$1.4KForm 4
Mar 31, 2026Bochnowski Benjamin JPresident, CEOBuy6$36.50$223Form 4
Mar 31, 2026Lowry Robert TExecutive Vice PresidentBuy50$36.50$1.8KForm 4
Dec 30, 2025Lowry Robert TExecutive Vice PresidentBuy51$35.56$1.8KForm 4
Dec 30, 2025Scheub Todd M.Executive Vice PresidentBuy39$35.56$1.4KForm 4
Dec 30, 2025Bochnowski Benjamin JPresident, CEOBuy6$35.56$222Form 4
Jun 13, 2025Schmitt Benjamin LouisChief Financial OfficerBuy500$28.99$14.5KForm 4
Jun 13, 2025Bochnowski Benjamin JPresident, CEOBuy100$29.00$2.9KForm 4
Jun 12, 2025Bochnowski Benjamin JPresident, CEOBuy260$29.75$7.7KForm 4
May 12, 2025Lowry Robert TExecutive Vice PresidentBuy59$30.52$1.8KForm 4

All 89 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 70. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Alliancebernstein L.P.417,190$15.1M0.0%+3,455
PL Capital Advisors, LLC395,716$14.6M4.0%No change
Vanguard Capital Management LLC162,149$6.0M0.0%−153
Finward Bancorp131,360$4.8M3.7%−200
Endeavour Capital Advisors Inc99,543$3.7M0.8%No change
Elizabeth Park Capital Advisors, Ltd.57,622$2.1M1.5%New
Wellington Management Group Llp53,656$2.0M0.0%−1,554
Raffles Associates LP53,160$2.0M0.9%+26,580
Renaissance Technologies LLC45,300$1.7M0.0%+200
Hotchkis & Wiley Capital Management LLC44,940$1.7M0.0%+300
Geode Capital Management, LLC41,970$1.5M0.0%−38,680
Caldwell Trust Co40,430$1.5M0.1%No change
Millennium Management LLC36,086$1.3M0.0%New
Fifth Third Bancorp29,805$1.1M0.0%+28,805
Dimensional Fund Advisors LP23,881$878.1K0.0%−297
Vanguard Fiduciary Trust Co23,808$875.7K0.0%+310
Fiduciary Trust Co23,330$858.1K0.0%+13,640
BlackRock, Inc.22,503$827.7K0.0%−137,740
Fourthstone LLC20,976$771.5K0.5%New
PNC Financial Services Group, Inc.20,033$736.8K0.0%−13
Aqr Capital Management LLC19,760$726.8K0.0%+3,970
State Street Corp16,520$607.6K0.0%−33,246
Citadel Advisors LLC16,110$592.5K0.0%+10,401
Old National Bancorp /in/15,999$588.4K0.0%No change
Jane Street Group, LLC15,687$577.0K0.0%New

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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