Finward Bancorp (FNWD) EV to EBITDA (2012 - 2026)
Finward Bancorp's (FNWD) EV to EBITDA stood at 3.28 in Q2 2026, up 40.2% from 2.34 a year earlier and up 3.7% from the prior quarter.
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Analysis
Finward Bancorp (FNWD) EV to EBITDA (2012 - 2026) Analysis & Trends
For FY2025, Finward Bancorp's EV to EBITDA came in at 3.09, up 56.5% from FY2024.
- Across earlier years, EV to EBITDA came in at 1.97 in FY2024 (-15.6%), 2.34 in FY2023 (-58.2%), 5.59 in FY2022 (-18.6%) and 6.86 in FY2021 (+54.7%).
- The Q2 2026 figure is the highest quarterly EV to EBITDA since Q1 2023.
- On a year-over-year basis, EV to EBITDA has increased for six consecutive quarters, with growth averaging 24.5% over the last eight quarters.
- Peak year-over-year performance for EV to EBITDA in the last five years was growth of 64.7% in Q3 2021, against a decline of 65.6% in Q2 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 3.16 (Q1 2026), 3.09 (Q4 2025) and 2.67 (Q3 2025).
Peer Set
Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.28 |
| Mar 31, 2026 | 3.16 |
| Dec 31, 2025 | 3.09 |
| Sep 30, 2025 | 2.67 |
| Jun 30, 2025 | 2.34 |
| Mar 31, 2025 | 2.49 |
| Dec 31, 2024 | 1.97 |
| Sep 30, 2024 | 2.31 |
| Jun 30, 2024 | 1.79 |
| Mar 31, 2024 | 1.78 |
| Dec 31, 2023 | 2.34 |
| Sep 30, 2023 | 2.27 |
| Jun 30, 2023 | 2.52 |
| Mar 31, 2023 | 3.77 |
| Dec 31, 2022 | 5.59 |
| Sep 30, 2022 | 5.99 |
| Jun 30, 2022 | 7.33 |
| Mar 31, 2022 | 7.92 |
| Dec 31, 2021 | 6.81 |
| Sep 30, 2021 | 6.25 |
API Access
Finward Bancorp EV to EBITDA API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=FNWD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "ticker": "FNWD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=FNWD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();