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Finward Bancorp Valuation Multiples
Discover revenue and EBITDA valuation multiples for Finward Bancorp and similar public comparables like Doverie Obedinen Holding, BH Bank, Merkur Privatbank, Landmark Bancorp and more.
Finward Bancorp Overview
About Finward Bancorp
Finward Bancorp is a bank holding company, which engages in the provision of financial services. It offers products and services related to Personal Banking, Cash Management, Saving Account, ebanking, Wealth Management, and Insurance Services. It is engaged in the business of attracting deposits from the general public and the origination of loans, mostly upon the security of single-family residences and commercial real estate, construction loans, commercial business loans, and municipal loans. Geographically, the activities are carried out through the United States.
Founded
1994
HQ

Employees
313
Website
Sectors
Financials (LTM)
EV
$207M
Finward Bancorp Financials
Finward Bancorp reported last 12-month revenue of $69M.
In the same LTM period, Finward Bancorp generated $9M in net income.
Revenue (LTM)
Finward Bancorp P&L
In the most recent fiscal year, Finward Bancorp reported revenue of $66M and net income of $8M.
Finward Bancorp expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $69M | XXX | $66M | XXX | XXX | XXX |
| EBIT Margin | 18% | XXX | 17% | XXX | XXX | XXX |
| Net Profit | $9M | XXX | $8M | XXX | XXX | XXX |
| Net Margin | 13% | XXX | 12% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Finward Bancorp Stock Performance
Finward Bancorp has current market cap of $162M, and enterprise value of $207M.
Market Cap Evolution
Finward Bancorp's stock price is $37.40.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $207M | $162M | 0.0% | XXX | XXX | XXX | $1.87 |
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Start Free TrialFinward Bancorp Valuation Multiples
Finward Bancorp trades at 3.0x EV/Revenue multiple.
EV / Revenue (LTM)
Finward Bancorp Financial Valuation Multiples
As of March 31, 2026, Finward Bancorp has market cap of $162M and EV of $207M.
Equity research analysts estimate Finward Bancorp's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Finward Bancorp has a P/E ratio of 18.1x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $162M | XXX | $162M | XXX | XXX | XXX |
| EV (current) | $207M | XXX | $207M | XXX | XXX | XXX |
| EV/Revenue | 3.0x | XXX | 3.1x | XXX | XXX | XXX |
| EV/EBIT | 16.4x | XXX | 18.6x | XXX | XXX | XXX |
| P/E | 18.1x | XXX | 20.0x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 22.9x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Finward Bancorp Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Finward Bancorp Margins & Growth Rates
Finward Bancorp's revenue in the last 12 month grew by 13%.
Finward Bancorp's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.2M for the same period.
Finward Bancorp Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 13% | XXX | 16% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 1% | XXX | 1% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 47% | XXX | XXX | XXX |
| Opex to Revenue | 85% | XXX | 88% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Finward Bancorp Public Comps
See public comps and valuation multiples for other Commercial Banking comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Doverie Obedinen Holding | XXX | XXX | XXX | XXX | XXX | XXX |
| BH Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| Merkur Privatbank | XXX | XXX | XXX | XXX | XXX | XXX |
| Landmark Bancorp | XXX | XXX | XXX | XXX | XXX | XXX |
| BV Financial | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Finward Bancorp M&A Activity
Finward Bancorp acquired XXX companies to date.
Last acquisition by Finward Bancorp was on XXXXXXXX, XXXXX. Finward Bancorp acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Finward Bancorp
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
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Start Free TrialFinward Bancorp Investment Activity
Finward Bancorp invested in XXX companies to date.
Finward Bancorp made its latest investment on XXXXXXXX, XXXXX. Finward Bancorp invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Finward Bancorp
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Finward Bancorp
| When was Finward Bancorp founded? | Finward Bancorp was founded in 1994. |
| Where is Finward Bancorp headquartered? | Finward Bancorp is headquartered in United States. |
| How many employees does Finward Bancorp have? | As of today, Finward Bancorp has over 313 employees. |
| Who is the CEO of Finward Bancorp? | Finward Bancorp's CEO is Benjamin J. Bochnowski. |
| Is Finward Bancorp publicly listed? | Yes, Finward Bancorp is a public company listed on Nasdaq. |
| What is the stock symbol of Finward Bancorp? | Finward Bancorp trades under FNWD ticker. |
| When did Finward Bancorp go public? | Finward Bancorp went public in 1998. |
| Who are competitors of Finward Bancorp? | Finward Bancorp main competitors are Doverie Obedinen Holding, BH Bank, Merkur Privatbank, Landmark Bancorp. |
| What is the current market cap of Finward Bancorp? | Finward Bancorp's current market cap is $162M. |
| What is the current revenue of Finward Bancorp? | Finward Bancorp's last 12 months revenue is $69M. |
| What is the current revenue growth of Finward Bancorp? | Finward Bancorp revenue growth (NTM/LTM) is 13%. |
| What is the current EV/Revenue multiple of Finward Bancorp? | Current revenue multiple of Finward Bancorp is 3.0x. |
| Is Finward Bancorp profitable? | Yes, Finward Bancorp is net-income-positive (as of the last 12 months). |
| What is the current net income of Finward Bancorp? | Finward Bancorp's last 12 months net income is $9M. |
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