Finward Bancorp (NWIN) [Rocket]

Overview

Finward Bancorp (NWIN)

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Recent News + Filings (All items)

Date Filed	Type	Description
08/22/2023	8-K	Other Events, Financial Statements and Exhibits  Interactive Data
08/11/2023	10-Q	Quarterly Report for the period ended June 30, 2023
07/26/2023	8-K	Quarterly results
07/03/2023	8-K	Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements...
05/30/2023	8-K	Other Events, Financial Statements and Exhibits  Interactive Data
05/19/2023	4	Lowry Robert T (Executive Vice President) has filed a Form 4 on Finward Bancorp
05/19/2023	4	Torabi Peymon (Executive Vice President) has filed a Form 4 on Finward Bancorp

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
Revenues	73.4	54.0	64.0	53.8	43.6	38.6	37.7	34.3
Revenue growth	36.0%	-15.7%	19.0%	23.4%	13.0%	2.5%	9.9%	8.7%
Cost of goods sold	0.0	0.0	27.0	24.2	20.1	17.5	17.6	16.7
Gross profit	73.4	54.0	37.0	29.7	23.6	21.1	20.1	17.6
Gross margin	100.0%	100.0%	57.8%	55.1%	54.0%	54.7%	53.3%	51.4%
Selling, general and administrative
Sales and marketing	1.9	1.1	0.7	0.9	0.7	0.6	0.5	0.5
General and administrative	6.8	3.6	2.9	3.8	3.2	1.9	1.7	1.6
EBITA	36.6	29.9	34.4	25.5	19.9	18.6	17.9	15.4
EBITA margin	49.9%	55.3%	53.7%	47.4%	45.7%	48.2%	47.4%	45.0%
Amortization of intangibles			1.0	0.5	0.3
EBIT	36.6	29.9	33.4	25.0	19.7	18.6	17.9	15.4
EBIT margin	49.9%	55.3%	52.2%	46.4%	45.1%	48.2%	47.4%	45.0%
Pre-tax income	16.6	16.4	19.5	13.9	10.8	11.8	11.7	9.7
Income taxes	1.5	1.4	2.9	1.8	1.4	2.9	2.5	1.8
Tax rate	8.9%	8.6%	14.8%	12.7%	13.3%	24.3%	21.8%	18.6%
Net income	15.1	15.0	16.6	12.1	9.3	9.0	9.1	7.9
Net margin	20.5%	27.7%	25.9%	22.5%	21.4%	23.2%	24.3%	22.9%

Diluted EPS			$4.80	$3.53	$3.17	$3.13	$3.20	$2.75
Shares outstanding (diluted)			3.5	3.4	2.9	2.9	2.9	2.9

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.