Demonstrações financeiras detalhadas de Finward Bancorp (FNWD): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
Finward Bancorp registou receitas de $101.1M no último exercício, com um CAGR de 5 anos de 7.7%. O lucro líquido atingiu $8.1M, com CAGR de 5 anos de -12.7%.
Margens dos últimos 12 meses: margem bruta 67.8%, margem operacional 10.3%, margem líquida 9.6%. O fluxo de caixa livre cresceu a CAGR de -10.8% em 5 anos.
Ao preço atual de $42.84, FNWD negocia a um P/L de 18.63 e um ROE de 5.68%. A capitalização de mercado é de $186M.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $40.0M | $41.1M | $48.5M | $62.9M | $69.8M | $66.6M | $83.5M | $96.5M | $111.8M | $101.1M |
| Custo da Receita | $3.6M | $3.8M | $6.4M | $11.7M | $9.4M | $3.6M | $4.9M | $33.3M | $40.2M | $34.8M |
| Lucro Bruto | $36.4M | $37.3M | $42.1M | $51.2M | $60.3M | $63.0M | $78.7M | $63.3M | $71.6M | $66.2M |
| P&D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Despesas Gerais e Administrativas | $14.9M | $15.2M | $17.5M | $20.8M | $24.4M | $26.2M | $32.1M | $30.5M | $30.3M | $32.1M |
| Despesas Operacionais | $24.7M | $25.5M | $31.4M | $37.4M | $41.6M | $46.6M | $62.1M | $55.2M | $58.1M | $58.1M |
| Lucro Operacional | $11.7M | $11.8M | $10.8M | $13.9M | $18.7M | $16.4M | $16.6M | $8.0M | $13.5M | $8.1M |
| EBITDA | $14.2M | $14.4M | $13.4M | $15.8M | $21.9M | $20.9M | $22.5M | $15.2M | $20.7M | $14.3M |
| Despesas com Juros | $2.3M | $2.6M | $5.1M | $9.1M | $5.7M | $2.1M | $4.9M | $31.2M | $40.7M | $35.0M |
| Lucro Antes de Impostos | $11.7M | $11.8M | $10.8M | $13.9M | $18.7M | $16.4M | $16.6M | $8.0M | $13.5M | $8.1M |
| Imposto | $2.5M | $2.9M | $1.4M | $1.8M | $2.8M | $1.4M | $1.5M | -$335000 | $1.3M | $23000 |
| Lucro Líquido | $9.1M | $9.0M | $9.3M | $12.1M | $15.9M | $15.0M | $15.1M | $8.4M | $12.1M | $8.1M |
| LPA | $3.20 | $3.13 | $3.08 | $3.53 | $4.79 | $4.30 | $3.61 | $1.96 | $2.84 | $1.89 |
| LPA Diluído | $3.20 | $3.13 | $3.08 | $3.53 | $4.79 | $4.30 | $3.60 | $1.96 | $2.84 | $1.88 |
| Ações em Circulação (Diluídas) | $2.9M | $2.9M | $3.0M | $3.4M | $3.5M | $3.5M | $4.2M | $4.3M | $4.3M | $4.3M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $26.3M | $24.9M | $25.1M | $25.5M |
| Lucro Bruto | $17.7M | $16.6M | $17.4M | $17.3M |
| Lucro Operacional | $3.6M | $1.8M | $2.7M | $2.5M |
| EBITDA | $5.0M | $3.3M | $4.0M | $2.5M |
| Lucro Líquido | $3.5M | $2.0M | $2.2M | $2.1M |
| LPA | $0.82 | $0.46 | $0.52 | $0.49 |
| LPA Diluído | $0.81 | $0.46 | $0.52 | $0.49 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $44.9M | $12.3M | $18.4M | $33.9M | $21.8M | $34.4M | $33.6M | $85.6M | $69.9M | $18.3M |
| Investimentos de Curto Prazo | $233.6M | $244.5M | $241.8M | $277.2M | $410.7M | $526.9M | $370.9M | $371.8M | $334.2M | $316.2M |
| Contas a Receber | $3.1M | $3.3M | $3.6M | $4.0M | $4.7M | $5.4M | $7.4M | $8.0M | $7.7M | $1.46B |
| Estoque | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Circulantes | $281.6M | $260.1M | $263.8M | $315.1M | $437.2M | $565.5M | $411.9M | $465.4M | $411.9M | $1.79B |
| Imobilizado | $19.3M | $19.6M | $24.8M | $29.4M | $30.8M | $31.4M | $40.2M | $38.4M | $47.3M | $45.0M |
| Ágio | $2.8M | $2.8M | $8.2M | $11.1M | $11.1M | $11.1M | $22.4M | $22.4M | $22.4M | $22.4M |
| Ativos Intangíveis | 0 | 0 | 0 | 0 | $4.1M | $3.1M | $4.8M | $3.3M | $1.9M | $1.2M |
| Ativos Totais | $913.6M | $927.3M | $1.10B | $1.33B | $1.50B | $1.62B | $2.07B | $2.11B | $2.06B | $2.02B |
| Contas a Pagar | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dívida de Curto Prazo | $14.0M | $11.3M | $11.6M | $11.5M | $13.7M | $14.6M | $15.5M | $38.1M | $40.1M | $39.2M |
| Passivos Circulantes | $803.7M | $814.3M | $951.7M | $1.18B | $1.34B | $1.46B | $1.81B | $1.85B | $1.80B | $1.01B |
| Dívida de Longo Prazo | $25.8M | $20.9M | $43.0M | $14.0M | $6.1M | 0 | $120.0M | $80.0M | $65.0M | $45.6M |
| Passivos Totais | $829.5M | $835.2M | $994.7M | $1.19B | $1.34B | $1.46B | $1.93B | $1.96B | $1.91B | $1.85B |
| Reservas | $81.0M | $86.5M | $92.3M | $100.2M | $111.3M | $121.9M | $131.7M | $129.4M | $139.5M | $146.0M |
| Patrimônio Líquido | $84.1M | $92.1M | $101.5M | $134.1M | $151.7M | $156.6M | $136.4M | $147.3M | $151.4M | $174.7M |
| Dívida Total | $39.8M | $32.2M | $54.6M | $25.5M | $19.9M | $14.6M | $135.5M | $118.1M | $105.1M | $84.7M |
| Dívida Líquida | -$238.7M | -$224.7M | -$205.5M | -$285.6M | -$410.7M | -$545.5M | -$269.0M | -$339.3M | -$299.0M | -$249.8M |
| Capital de Giro | -$522.1M | -$554.2M | -$687.9M | -$865.5M | -$901.3M | -$898.6M | -$1.40B | -$1.39B | -$1.39B | $780.2M |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $103.6M | $18.3M | $118.8M | $17.4M |
| Ativos Totais | $2.05B | $2.02B | $2.02B | $2.04B |
| Passivos Totais | $1.89B | $1.85B | $1.84B | $1.86B |
| Patrimônio Líquido | $165.5M | $174.7M | $172.4M | $178.3M |
| Dívida Total | $48.4M | $84.7M | $90.8M | $95.3M |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | $9.1M | $9.0M | $9.3M | $12.1M | $15.9M | $15.0M | $15.1M | $8.4M | $12.1M | $8.1M |
| Depreciação e Amortização | $2.6M | $2.6M | $2.7M | $1.9M | $3.2M | $4.6M | $6.0M | $7.2M | $7.3M | $6.2M |
| Compensação em Ações | $142000 | $192000 | $132000 | $238000 | $415000 | $574000 | $741000 | $719000 | $565000 | $447000 |
| Variação Capital de Giro | -$2.1M | -$538000 | -$397000 | -$2.8M | $5.1M | -$7.8M | -$8.7M | $6.5M | $5.2M | -$2.8M |
| Fluxo de Caixa Operacional | $10.4M | $12.3M | $10.5M | $11.0M | $19.7M | $17.0M | $17.7M | $24.2M | $9.8M | $9.9M |
| CapEx | -$1.7M | -$1.7M | -$1.0M | -$3.0M | -$3.7M | -$3.1M | -$3.0M | -$1.1M | -$3.1M | -$853000 |
| Aquisições | 0 | 0 | $18.3M | $52.6M | 0 | 0 | $33.8M | 0 | 0 | 0 |
| Recompra de Ações | 0 | 0 | 0 | -$17.5M | -$85000 | -$131000 | -$120000 | -$196000 | -$86000 | 0 |
| Dividendos Pagos | -$3.1M | -$3.3M | -$3.4M | -$4.1M | -$4.3M | -$4.3M | -$5.1M | -$5.3M | -$2.1M | -$1.6M |
| Fluxo de Caixa Livre | $8.7M | $10.6M | $9.5M | $7.9M | $16.0M | $13.9M | $14.7M | $23.1M | $6.7M | $9.0M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | $1.2M | $7.7M | $3.6M | $4.7M |
| CapEx | -$152000 | -$644000 | -$135000 | $135000 |
| Fluxo de Caixa Livre | $1.0M | $7.1M | $3.5M | $4.9M |
| Dividendos Pagos | -$519000 | -$518000 | -$520000 | -$520000 |
| Compensação em Ações | $116000 | $102000 | $126000 | 0 |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | +2.7% | +18.1% | +29.6% | +10.9% | -4.5% | +25.4% | +15.5% | +15.8% | -9.6% |
| Crescimento Lucro Líquido (anual) | | -2.0% | +4.2% | +29.6% | +31.7% | -6.1% | +0.8% | -44.4% | +44.7% | -33.3% |
| Crescimento LPA (anual) | | -2.2% | -1.6% | +14.6% | +35.7% | -10.2% | -16.0% | -45.7% | +44.9% | -33.5% |
| Variação de Ações (anual) | | +0.2% | +5.7% | +13.1% | +1.1% | +0.4% | +20.6% | +2.1% | -0.3% | +0.5% |
| Crescimento FCF (anual) | | +22.6% | -10.5% | -16.9% | +102.1% | -13.0% | +5.6% | +56.9% | -70.8% | +34.4% |
| Margem Bruta | 91.0% | 90.8% | 86.8% | 81.4% | 86.5% | 94.6% | 94.2% | 65.6% | 64.0% | 65.6% |
| Margem Operacional | 29.2% | 28.8% | 22.2% | 22.0% | 26.8% | 24.6% | 19.8% | 8.3% | 12.0% | 8.0% |
| Margem EBITDA | 35.6% | 35.1% | 27.7% | 25.1% | 31.4% | 31.4% | 27.0% | 15.8% | 18.6% | 14.2% |
| Margem Líquida | 22.8% | 21.8% | 19.2% | 19.2% | 22.8% | 22.5% | 18.1% | 8.7% | 10.8% | 8.0% |
| Margem FCF | 21.7% | 25.9% | 19.6% | 12.6% | 22.9% | 20.9% | 17.6% | 23.9% | 6.0% | 9.0% |
| Taxa Efetiva de Imposto | 21.8% | 24.3% | 13.3% | 12.7% | 14.8% | 8.6% | 8.9% | -4.2% | 9.8% | 0.3% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $3.03 | $3.71 | $3.15 | $2.31 | $4.62 | $4.00 | $3.51 | $5.39 | $1.58 | $2.11 |
| Dividendo por Ação | $1.10 | $1.14 | $1.13 | $1.19 | $1.24 | $1.24 | $1.21 | $1.25 | $0.48 | $0.36 |
| Ações em Circulação (Básicas) | $2.9M | $2.9M | $3.0M | $3.4M | $3.5M | $3.5M | $4.2M | $4.3M | $4.3M | $4.3M |
O que olhar em empresas de Financial Services
- Efficiency Ratio (≤55%) — Despesas operacionais / receita. Bancos top abaixo de 55%.
- ROA (≥1%) — Quanto ganham por cada euro de ativos. ROE engana em bancos pela alavancagem.
- ROTCE (≥12%) — Rentabilidade sobre Capital Tangível. Exclui goodwill e intangíveis.
- Capital / Ativos (proxy Tier 1) (≥8%) — Proxy do rácio de capital. FMP não expõe Tier 1 regulatório direto.
- P/B (1,0-1,5x) — Métrica clássica bancária. <1x pode ser oportunidade ou distress.
- Dividend yield sustentável (≥2%, <8%) — Bancos UE pagam 5-7% sem stress. >8% é sinal de distress.
Rentabilidade
| Retorno sobre patrimônio | 5.68% |
| Retorno sobre capital investido | 0.51% |
| Retorno sobre ativos | 0.48% |
| Margem bruta | 67.82% |
| Margem operacional | 10.32% |
| Margem líquida | 9.65% |
Saúde financeira
| Dívida / Patrimônio | 0.53 |
| Liquidez corrente | 60.69 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | 12.14 | 14.22 | 13.96 | 13.00 | 7.54 | 10.67 | 10.03 | 12.88 | 9.90 | 18.62 |
| P/VP | 1.32 | 1.38 | 1.28 | 1.17 | 0.82 | 1.02 | 1.11 | 0.73 | 0.79 | 0.86 |
| P/V | 2.78 | 3.10 | 2.68 | 2.50 | 1.79 | 2.40 | 1.81 | 1.12 | 1.07 | 1.49 |
| Margem Bruta | 91.0% | 90.8% | 86.8% | 81.4% | 86.5% | 94.6% | 94.2% | 65.6% | 64.0% | 65.6% |
| Margem Operacional | 29.2% | 28.8% | 22.2% | 22.0% | 26.8% | 24.6% | 19.8% | 8.3% | 12.0% | 8.0% |
| Margem Líquida | 22.8% | 21.8% | 19.2% | 19.2% | 22.8% | 22.5% | 18.1% | 8.7% | 10.8% | 8.0% |