Finward Bancorp
Close on Oct 19, 2026
- Market cap
- $179.72M
- P/E (TTM)
- 18.3
- Dividend yield
- 0.87%
About Finward Bancorp
Savings Institution, Federally Chartered, SIC 6035
Finward Bancorp operates as the bank holding company for Peoples Bank, an Indiana-chartered commercial bank that represents its primary business activity. Operating as a single reportable business segment, the institution focuses on gathering deposits from retail and commercial customers and originating loans. Its credit offerings encompass single-family residential mortgages, home equity lines, commercial real estate loans, multi-family housing loans, construction financing, and commercial business credit. Additionally, the organization serves individuals, businesses, and municipalities by extending public sector loans and providing wealth management services, including trust administration, retirement plan management, and estate planning.
The company conducts its banking operations through a network of 26 branch locations. Its primary geographic market spans Lake and Porter counties in Northwest Indiana alongside Cook County in northeastern Illinois, with extended lending reach into select neighboring counties across Indiana and Illinois. Finward Bancorp maintains its corporate headquarters in Munster, Indiana.
Summary of the business section of Finward Bancorp's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Finward Bancorp
- Founded
- 1994
- Headquarters
- Munster, IN
- Address
- 9204 Columbia Ave 46321
- Phone
- (219) 836-9690
- Website
- ibankpeoples.com
- Employees
- 318, Dec 31, 2025
- Industry
- Savings Institution, Federally Chartered
- Incorporated in
- Indiana
- Fiscal year ends
- December 31
- Auditor
- Forvis Mazars, LLP, Indianapolis, IN
Stock & identifiers
- Ticker
- FNWD
- Exchange
- Nasdaq
- IPO date
- May 20, 1998
- Shares outstanding
- 4M, Aug 7, 2026
- Public float
- $113.82M, Jun 30, 2025
- Filer category
- Non-accelerated filer<br>Smaller reporting company
- Stock splits
- 2-for-1, Mar 22, 1999
- SEC CIK
- 919864
- CUSIP
- 31812F109
- ISIN
- US31812F1093
- EIN
- 35-1927981
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Benjamin J. Bochnowski | President, CEO, Director | 32,560 |
| Robert T. Lowry | Executive Vice President | 29,735 |
| Todd M. Scheub | Executive Vice President | 18,837 |
| Benjamin Louis Schmitt | Chief Financial Officer | 5,996 |
| Anthony Puntillo | Director | 5,704 |
| Robert E. Johnson III | Director | 3,753 |
| Amy Wong Han | Director | 8,560 |
| Jennifer Evans | Director | 806 |
| Martin P. Alwin | Director | 2,717 |
| Joel Gorelick | Director | 51,967 |
| Robert W. Youman | Director | 27,491 |
| Danette Garza | Director | 7,053 |
| Carolyn M. Burke | Director | 4,384 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Mr. Benjamin J. Bochnowski | $480.69K | $489.80K | $329.52K | $126 | – |
| FY2024 Mr. Benjamin J. Bochnowski | $508.24K | $486.20K | $372.63K | $113 | – |
| FY2023 Mr. Benjamin J. Bochnowski | $468.54K | $427.26K | $273.27K | $73 | – |
| FY2022 Mr. Benjamin J. Bochnowski | $551.48K | $502.84K | $332.65K | $82 | – |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“loyees and, wherever possible, strive to fill positions from within the organization. As of December 31, 2025, the Bank had 296 full-time and 22 part-time employees. The employees are not represented by a collective bargaining agreement. Management believes its employee relations are”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Sep 28, 2026 | Merger vote | Definitive merger proxy statement |
| Jan 31, 2022 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Nov 2, 2021 | Listing | Registration of securities on an exchange (Form 8-A) |
| Oct 26, 2021 | Merger | Registration of securities for a merger or exchange offer (S-4) |
| May 24, 2021 | Name change | Name changed from NORTHWEST INDIANA BANCORP to Finward Bancorp |
| Sep 23, 2020 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Oct 10, 2018 | Merger | Registration of securities for a merger or exchange offer (S-4) |
| Apr 18, 2018 | Merger | Registration of securities for a merger or exchange offer (S-4) |
| Jan 29, 2009 | Auditor change | Change in certifying accountant (8-K Item 4.01) |