Stock Ratings / Financials / FNWD / financials

BVFL (69) FCAP (67) FGBI (40) CZWI (62) ⌘ Pro Terminal →

Finward Bancorp (FNWD) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

$43.31 -1.34% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $43.12

Finward Bancorp (FNWD) carries a Roarable Rating of C+ (Hold) with 66/100 RQD Confidence. The composite score sits in the neutral Hold band (59–69), meaning current holders don’t need to panic-sell while prospective buyers can wait for a move into the 70+ Buy zone.

📊 Historical Track Record: Scores of 66/100 (C+) historically posted market-perform odds over rolling 90-day windows (+1.4% avg 90D alpha vs SPY) →

ROARABLE C+ • HOLD / WATCH Cap $190.2M

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

⚡ INSTANT AI QUANT PREVIEW • $0 FREE TIER Click Any Pre-Computed AI Quant Specialist Briefing on FNWD Below — or Connect Your Own ChatGPT / Claude

🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is FNWD stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

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As of 2026-11-02, Finward Bancorp (NASDAQ: FNWD) is rated C+ (Hold / HOLD) by Roarable's 5-pillar RQD engine with a composite confidence score of 66/100 at a spot price of $43.31 (-1.34% 1D, market cap $190.2M). Pillar breakdown: Fundamental Cash Engine 12/20, Institutional 13F & Options Flow 13/20, Executive Insider Alignment 13/20, FRED Macro Regime Fit 14/20, and SEC Balance-Sheet Forensics 14/20. Across 1096 tracked Financials issuers, FNWD ranks #263 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief

🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does FNWD compare to BVFL and FCAP in the Financials sector?

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Within the Financials sector (Savings Institutions), FNWD carries a Roarable C+ (66/100 RQD), trailing P/E of 23.5x, gross margin of —, and ROIC of 4.6%. By comparison, BVFL (BV Financial Inc.) holds a C+ grade (69/100 RQD, P/E 14.0x, ROIC 7.3%, cap $189.1M) and FCAP (First Capital Inc.) posts a C+ grade (67/100 RQD, P/E 13.0x, ROIC 11.9%, cap $213.4M). Among the 5-stock peer group, FCAP leads on earnings multiple (13.0x) while FCAP leads on capital efficiency (11.9% ROIC).

✓ Pre-computed one-to-many AI Quant brief

🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for FNWD?

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Per FNWD's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0000919864), Finward Bancorp generated $0 in revenue, $8.1M in net income, and $9.0M in free cash flow against $2.02B in total assets and $0 in total debt. Key quantitative strengths: Company leadership has skin in the game with net positive insider conviction.. Primary risk factors monitored: Broader market pullbacks can still drag down strong stocks in the short run.. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief

🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $43.12 (-0.43%)🧬 Cannibal Buyback (-1.80% YoY Shares)⚙️ Cash Engine: 12/20 (C-) • 0.2% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record: Scores of 66/100 (C+) historically posted market-perform odds over rolling 90-day windows (+1.4% avg 90D alpha vs SPY • 56.0% hit rate — wait for RQD ≥ 70 breakout).

Audit Bucket Track Record →

RQD QUANT TACHOMETERHOLD / WATCH • C+

JEV AI Jury Split (Battleground)

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw C · Rk C+

Each axis scored 0–20

12M PRICE TARGET CONE+3.6% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for FNWD)Realized 20D OHLCV Swing Band: ±4.3%

Deterministic 5-Pillar Attribution (66/100 Composite)

🔍 WHY FNWD SCORES 66/100 (C+) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: Macro Regime Fit+14/20 pts (21% of score)

FRED Regime × Technicals: 84% of 52W Range • RSI-14 at 60.7 (BULLISH MOMENTUM)

▲ #2 Bullish Driver: Insider Conviction & Share Dilution+14/20 pts (21% of score)

SEC Form 4 / 13F Thermometer: 70% Net Buy • Cannibal Buyback (-1.80% YoY Shares)

▼ #1 Drag / Risk Factor: Cash Engine Quality12/20 pts (-8 pt drag)

Capital intensity & 0% operating margin leave 8 pts on the table

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade C$41.75-0.3% Next Q

Q2 (-2Q)

Grade C$41.61+4.6% Next Q

Q3 (-1Q)

Grade C+$43.53-0.5% Next Q

Current

Grade C+$43.31+1.4% Hist 90D α

Trajectory: C (58) → C+ (66)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)GIDEON ASHMERE // FORENSIC SHORT & KILL-SWITCH DOSSIER

⚔️ Adversarial Opposing Case: Why the FNWD Bull Thesis Could Fail

Gideon Ashmere Forensic Desk →

Even with a 66/100 (C+) score, FNWD faces multiple-compression risk if 23.5x trailing P/E re-rate toward historical sector medians or if hyperscaler/enterprise customer concentration slows in upcoming 10-Q filings.

⚠️ Forensic Kill-Switch #1

Broader market pullbacks can still drag down strong stocks in the short run.

⚠️ Forensic Kill-Switch #2

Dilution & Margin Drag: Cannibal Buyback (-1.80% YoY Shares) — any gross margin slip below 49.5% triggers an automatic RQD downgrade.

⚠️ Forensic Kill-Switch #3

Technical & Forensic Kill-Switch: A daily close below the 50D SMA ($42.68) or 200D SMA ($38.12) invalidates the momentum regime and cuts Target Base ($44.87) toward Bear Floor ($35.00).

🎲 LIVE PREDICTION MARKET ODDS TIED TO $FNWD• $2.4M Crowd Pool • Kalshi / Polymarket Composite

Contract: “FNWD Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”

YES 66%NO 34%Trade / Inspect Odds →

VISUAL REVENUE-TO-PROFIT SANKEY WATERFALL • FY 2025 (10-K)

How FNWD Turns Every Dollar of Sales Into Real Bottom-Line Profit

Free Cash Flow:$9.0M (0.2% FCF Margin)

Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory

■ Revenue■ Net Profit■ Free Cash Flow

FY23

Rev $4.00B

FY24

Rev $4.00B

FY25

Rev $4.00B

Fiscal Year	Revenue	Gross Margin	Op Margin	Net Profit	Free Cash Flow	ROIC %
FY 2025	$4.00B	52%	0%	$8.1M	$9.0M	4.6%
FY 2024	$4.00B	52%	0%	$12.1M	$6.7M	4.6%
FY 2023	$4.00B	52%	0%	$8.4M	$24.2M	4.6%

ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring FNWD)

✓Walkthrough of FNWD's RQD Radar, SEC cash-conversion gap & downside invalidation levels
✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks

RQD INSIDER CLUB WAITLIST$49/YR PLANNED

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FNWD // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: +42.75%⚡ TESTING RESISTANCE

2026-11-02O $43.69H $43.90L $43.31C $43.31VOL 13.7K

RES: $44.63SUP: $39.84SMA50: $42.68SMA200: $38.12

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

FNWD Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 FNWD Butterfly Map → + Track FNWD →

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)

17.3%/yr Implied 5Y Growth

vs. +6.0% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on FNWD today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for FNWD. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for FNWD today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (FNWD)

Financials Rank #263 of 1096 ⚔️ BVFL vs FNWD Full Matrix →

1. Head-to-Head Financials Peer Comparison (FNWD vs. BVFL, FCAP, FGBI, CZWI)

Industry: Savings Institutions (33 Tracked Issuers)

Across 1096 tracked Financials securities in the Roarable RQD universe, Finward Bancorp (FNWD) ranks #263 by composite RQD confidence (66/100, grade C+) and #892 by equity capitalization ($190.2M). Within this direct 5-issuer industry benchmark cohort, FCAP leads on earnings valuation at 13.0x trailing P/E, while FCAP leads on capital efficiency and profitability with 11.9% ROIC and — gross margin. BVFL currently holds the highest overall quantitative score in the immediate peer group at 69/100 (C+) compared with FNWD at 66/100 (C+).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
FNWD ACTIVE Finward Bancorp	C+	66/100	23.5x	—	4.6%	-1.34%	$190.2M	Benchmark Subject
BVFL BV Financial Inc.	C+	69/100	14.0x	—	7.3%	-1.93%	$189.1M	/bvfl-vs-fnwd →
FCAP First Capital Inc.	C+	67/100	13.0x	—	11.9%	-1.89%	$213.4M	/fcap-vs-fnwd →
FGBI First Guaranty Bancshares Inc.	D-	40/100	—	—	-16.1%	-1.84%	$161.6M	/fgbi-vs-fnwd →
CZWI Citizens Community Bancorp Inc.	C	62/100	15.8x	—	7.7%	-1.01%	$228.4M	/czwi-vs-fnwd →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0000919864

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Finward Bancorp (FNWD) reported GAAP revenue of $0 (N/A vs. FY2024 revenue of $0 ) , GAAP net income of $8.1M, operating cash flow of $9.9M, and free cash flow of $9.0M (+34.4% YoY). On the balance sheet, FNWD closed FY2025 with $2.02B in total assets against $0 in total debt (Altman Z-Score: N/A, Piotroski F-Score: 4/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-12-31	$0	$8.1M	$9.9M	$9.0M	$2.02B	—
FY2024 (FY)	2024-12-31	$0	$12.1M	$9.8M	$6.7M	$2.06B	—
FY2023 (FY)	2023-12-31	$0	$8.4M	$24.2M	$24.2M	—	—

3. FNWD Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is FNWD stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

How does FNWD compare to BVFL and FCAP in the Financials sector?

What are the biggest fundamental strengths and SEC risk factors for FNWD?

Where is FNWD trading relative to its 50-day, 200-day, and 52-week technical levels?

FNWD last traded at $43.31 (-1.34% on volume of 3,885 shares), positioning the stock +1.48% above its 50-day simple moving average ($42.68) and +13.61% above its 200-day simple moving average ($38.12). Across its 52-week range of $30.05 to $45.90, FNWD sits at the 83.7% percentile with a 14-day RSI of 60.7 (BULLISH MOMENTUM) and an implied next-earnings move of ±4.3% ($41.45 to $45.17).

FNWD Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS • SEC EDGAR × CBOE × FRED

How profitable is Finward Bancorp (FNWD)?

In FY 2025 (10-K), FNWD converted $4.0B of revenue into a 52% gross margin, 0% operating margin, and $9.0M in free cash flow (0.2% FCF margin).

Direct Sub-Reports: FNWD RQD Cockpit FNWD 12M Forecast FNWD Earnings & Move FNWD Dividends & DRIP FNWD Insiders & 13F FNWD Whale Options FNWD Profit Sankey FNWD News & Why

ROARABLE RATING BRIEF • RQD 66/100 (C+) ✓ STAGE-C NUMBER FIREWALL VERIFIED

FNWD — Finward Bancorp: What the Facts Mean to a Prospective Investor

Engine: anthropic/claude-haiku-5.5

As of: 2026-11-02T15:41:32Z

Roarable Rating Brief: What This Means to a Prospective Investor

Per the Roarable RQD rating, FNWD scores 66 out of 100, a C+ grade, with the verdict "Roarable Hold — Upper Neutral / Watch for Breakout." The five pillars are: Fundamental Cash Engine at 12/20 (ROIC 4.6%; FCF yield 4.76%), Whale 13F Flow at 13/20 (institutional accumulation and options positioning), Insider Conviction at 14/20 (SEC Form 4 and Congressional PTR cluster flow), Macro Regime Fit at 14/20 (Beta 1.0; sector sensitivity), and Forensic Balance Sheet at 13/20 (Altman Z 2.5; Piotroski F 4/9; Debt/Equity 0.5). The weakest pillar is the Fundamental Cash Engine, where ROIC of 4.6% and an FCF yield of 4.76% sit well below the pillar maximum, which is the main reason the composite lands in the upper-neutral band rather than higher. The Macro Regime Fit and Insider Conviction pillars are the strongest at 14/20 each, indicating a beta of 1.0 and reported insider flow that the rating treats as moderately supportive. For a prospective investor evaluating the stock today, the rating points to a mixed picture: the cash-generation and profitability metrics are modest, while the balance-sheet and positioning signals are neither alarming nor compelling. The "Watch for Breakout" label implies the rating is waiting on confirmation rather than signaling a directional call.

Financial Trend

Period	Revenue	Operating Income	Net Income	EPS	FCF	Cash	Debt
FY 2025	$0.0M	$0.0M	$8.1M	N/A	$9.0M	N/A	N/A
FY 2024	$0.0M	$0.0M	$12.1M	N/A	$6.7M	N/A	N/A
FY 2023	$0.0M	$0.0M	$8.4M	N/A	$24.2M	N/A	N/A

Per the SEC financials, reported net income was $8.1M in FY 2025, $12.1M in FY 2024, and $8.4M in FY 2023, with free cash flow of $9.0M, $6.7M, and $24.2M respectively. Margin fields (gross, operating, net) are reported as 0% in the market data and are not usable for margin analysis. Per the market data, ROIC is 4.6%. The Altman Z-Score (2.5), Piotroski F-Score (4/9), and Debt/Equity (0.5) are cited within the Roarable RQD rating's forensic pillar. Cash and debt values are not available in source data.

Recent Catalysts & News Wire Analysis

Per the recent catalysts feed, the most recent headline reports that profit fell to $1.4 million, which the source attributes to expenses tied to a pending merger, flagged YELLOW. A Morningstar item references FNWD in a fair-deal discussion, also YELLOW. An earnings-results release covers the third quarter and nine months ended September 30, 2026, flagged YELLOW. A MarketBeat item notes an expected quarterly earnings release on Tuesday, flagged YELLOW. A TradingView item reports a $1.4 million third-quarter profit alongside an improving net interest margin, flagged YELLOW. The most severe item is a MarketBeat report that FNWD posted earnings results and missed estimates by $0.43 EPS, flagged RED under "RISK WATCH." The butterfly supply-chain graph contains no links and no proprietary signals.

Open Questions

What is the scale and status of the pending merger referenced in the news feed, and how much of the reported profit decline is attributable to merger-related expenses?
What are FNWD's reported revenue, operating income, cash, debt, and EPS figures, which the financials section currently lists as $0.0M or N/A?
What is the explanation for the reported $0.43 EPS miss, and how does it relate to the RED risk-watch flag?
Who are the analysts covering the stock, and what are their ratings and price targets?
What institutional and insider ownership positions exist, given that the holders section is empty?

FNWD Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for Finward Bancorp (FNWD) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to FNWD Debate Forum (3) ↓

🟡 MARKET WIRE Stock Titan • 10h ago

Profit fell to $1.4 million at Finward, which cited expenses tied to its pending merger.

Stock Titan report covering Finward Bancorp (FNWD) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Morningstar • 13h ago

Are SAFT, PAG, UTZ, FNWD Obtaining Fair Deals for their Shareholders?

Morningstar report covering Finward Bancorp (FNWD) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE www.marketscreener.com • 16h ago

Finward Bancorp Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2026

www.marketscreener.com report covering Finward Bancorp (FNWD) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE MarketBeat • 19h ago

Finward Bancorp (FNWD) Expected to Release Quarterly Earnings on Tuesday

MarketBeat report covering Finward Bancorp (FNWD) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE TradingView • 22h ago

Finward Reports $1.4 Million Third-Quarter Profit as Net Interest Margin Improves

TradingView report covering Finward Bancorp (FNWD) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔴 RISK WATCH MarketBeat • 1d ago

Finward Bancorp (NASDAQ:FNWD) Posts Earnings Results, Misses Estimates By $0.43 EPS

MarketBeat report covering Finward Bancorp (FNWD) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Stock Traders Daily • 1d ago

Behavioral Patterns of FNWD and Institutional Flows

Stock Traders Daily report covering Finward Bancorp (FNWD) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Business Wire • 1d ago

Finward Bancorp Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Finward Bancorp - FNWD

Business Wire report covering Finward Bancorp (FNWD) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

FNWD Bull vs. Bear Conversation Board — What's Your Call at $43.31?

🐂 50% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON FNWD 🐻 50% BEARISH CONVICTION

RO RoarDesk_Moderator Roarable Research Desk ⚖️ DEBATE HOST 🎯 Target: $47.41 (+8.0%)

📌 Pinned Debate

🔥 Official Bull vs. Bear Debate: Is FNWD (C+ • RQD 66/100) a Buy at $43.90?

Welcome to the FNWD (Finward Bancorp) Roar Pit. Current RQD Composite is 66/100 (Roarable Hold — Upper Neutral / Watch for Breakout) in Savings Institutions. Bulls point to operating leverage and sector positioning, while bears focus on macro rate sensitivity and margin execution. Pick your side (🐂 Bull or 🐻 Bear) and drop your price target below.

MU MultipleCompression Forensic Accounting Watch 🐻 BEARISH 🎯 Target: $36.00 (-18.0%)

Spot @ $43.90

Pump the brakes on FNWD — check the valuation vs. margin headwinds

Everyone in here is repeating the bull case on FNWD, but look at what you are paying: 23.5x trailing P/E with tightening sector spreads. Unless Finward Bancorp expands free cash flow yield next quarter, I would rather wait for a pullback closer to the 200-day moving average before touching this.

AL AlphaFlow_Cap Verified K Arena Trader 🐂 BULLISH 🎯 Target: $55.31 (+26.0%)

Spot @ $43.90

FNWD cash flow & RQD setup is being underpriced by the Street here

Looking at the 5-pillar RQD breakdown on FNWD, the market is fixating on short-term headline noise in Savings Institutions and ignoring the balance sheet and cash flow trajectory. At $43.90 (52-wk range $30.05 - $45.90), any beat on forward guidance forces shorts and underweight funds to chase.