Finward Bancorp
Income Statement
| Line Item | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $43.5M | $38.5M | $37.7M | $34.2M | $31.4M | $29.8M | $31.3M | $30.0M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $15.9M | $14.4M | $14.0M | $11.7M | $11.4M | $11.2M | $11.1M | $9.8M |
| Operating Margin | 36.5% | 37.4% | 37.3% | 34.1% | 36.2% | 37.8% | 35.6% | 32.6% |
| Interest Expense | $5.1M | $2.6M | $2.3M | $2.0M | $1.8M | $1.7M | $2.3M | $3.2M |
| Pretax Income | $10.8M | $11.8M | $11.7M | $9.7M | $9.5M | $9.5M | $8.8M | $6.6M |
| Income Tax Expense | $1.4M | $2.9M | $2.5M | $1.8M | $2.2M | $2.4M | $1.9M | $1.2M |
| Net Income | $9.3M | $9.0M | $9.1M | $7.9M | $7.4M | $7.1M | $6.9M | $5.4M |
| Net Margin | 21.5% | 23.3% | 24.3% | 22.9% | 23.5% | 23.9% | 21.9% | 17.9% |
| EPS (Basic) | $3.17 | $3.13 | $3.20 | $2.75 | $2.60 | $2.50 | $2.41 | $1.90 |
| EPS (Diluted) | $3.17 | $3.13 | $3.20 | $2.75 | $2.60 | $2.50 | $2.41 | $1.90 |
| Shares Outstanding (Basic) | 2.9M | 2.9M | 2.9M | 2.9M | 2.8M | 2.8M | 2.8M | 2.8M |
| Shares Outstanding (Diluted) | 2.9M | 2.9M | 2.9M | 2.9M | 2.8M | 2.8M | 2.8M | 2.8M |
| Dividends Per Share | $1.19 | $1.15 | $1.11 | $1.06 | $0.97 | $0.85 | $0.72 | $0.60 |