Finward Bancorp (FNWD) Return on Invested Capital [ROIC] (2013 - 2026)
Finward Bancorp's Return on Invested Capital [ROIC] came in at 17.39% for Q2 2026, down 1.88 percentage points from the prior quarter.
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Analysis
Finward Bancorp (FNWD) Return on Invested Capital [ROIC] (2013 - 2026) Analysis & Trends
For FY2025, Finward Bancorp's Return on Invested Capital [ROIC] was 19.72%, up 1.07 percentage points from FY2024.
- Return on Invested Capital [ROIC] has increased in each of the last three years, with a five-year change of +6.09 percentage points (FY2020 to FY2025).
- Going back by year, Return on Invested Capital [ROIC] was 18.65% in FY2024 (+4.57 pp), 14.09% in FY2023 (+4.49 pp), 9.60% in FY2022 (-1.13 pp) and 10.73% in FY2021 (-2.91 pp).
- The Q2 2026 figure represents the lowest quarterly Return on Invested Capital [ROIC] since Q4 2023.
- Year-over-year, Return on Invested Capital [ROIC] increased in two of the last four quarters, with an average year-over-year change of +2.40 percentage points.
- The fastest year-over-year change in Return on Invested Capital [ROIC] over five years came in Q2 2024 (a gain of 10.41 percentage points), and the weakest in Q1 2022 (a drop of 4.64 percentage points).
- Business Quant data shows FNWD's Return on Invested Capital [ROIC] at 19.26% (Q1 2026), 19.54% (Q4 2025) and 18.99% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 17.39% |
| Mar 31, 2026 | 19.26% |
| Dec 31, 2025 | 19.54% |
| Sep 30, 2025 | 18.99% |
| Jun 30, 2025 | 18.85% |
| Mar 31, 2025 | 17.67% |
| Dec 31, 2024 | 21.19% |
| Sep 30, 2024 | 21.11% |
| Jun 30, 2024 | 21.46% |
| Mar 31, 2024 | 18.46% |
| Dec 31, 2023 | 14.92% |
| Sep 30, 2023 | 14.00% |
| Jun 30, 2023 | 11.04% |
| Mar 31, 2023 | 9.91% |
| Dec 31, 2022 | 9.20% |
| Mar 31, 2022 | 9.03% |
| Dec 31, 2021 | 10.91% |
| Sep 30, 2021 | 11.22% |
| Jun 30, 2021 | 12.46% |
| Mar 31, 2021 | 13.67% |
API Access
Finward Bancorp Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=FNWD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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=return-on-invested-capital-%5Broic%5D&ticker=FNWD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();