Which has the lower trailing P/E, FNWD or HNVR?

FNWD has the lower trailing P/E: FNWD trades at 18.50 and HNVR at 19.94. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, FNWD or HNVR?

Over the past five years, HNVR grew revenue faster — FNWD at a 8.22% CAGR versus HNVR at 25.69%.

Does FNWD or HNVR pay a bigger dividend?

FNWD yields 1.15% and HNVR yields 1.56% based on trailing dividends and the latest price.

Is FNWD or HNVR more profitable?

FNWD runs the higher net margin — FNWD at 9.65% versus HNVR at 7.11%.

Finward Bancorp (FNWD) vs Hanover Bancorp, Inc. (HNVR)

A side-by-side comparison of Finward Bancorp and Hanover Bancorp, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.

FNWD

Finward Bancorp

$183M

$42.17Financial ServicesDelayed quote: Oct 6, 2026, 9:45 AM EDT

HNVR

Hanover Bancorp, Inc.

$182M

$25.41Financial ServicesDelayed quote: Oct 6, 2026, 10:00 AM EDT

Total return — FNWD vs HNVR

growth of $100 · dividends reinvested · last 4y

FNWD +20.1% (+4.7%/yr)HNVR +33.0% (+7.4%/yr)HNVR compounded faster over this window

FNWD HNVR

FNWD vs HNVR: by the numbers

•FNWD is the larger company ($183M vs $182M market cap).
•FNWD trades at the lower trailing earnings multiple (18.50 vs 19.94 P/E), one valuation lens rather than an overall verdict.
•FNWD converts more revenue to profit (9.65% vs 7.11% net margin).
•HNVR grew revenue faster over the past five years (25.69% vs 8.22% CAGR).
•HNVR pays the higher dividend yield (1.56% vs 1.15%).

Metrics side by side

Valuation

Metric	FNWD	HNVR
P/E ratio	18.50	19.94
Forward P/E	15.97	10.74
P/S ratio	1.80	1.37
P/B ratio	1.02	N/A

Profitability

Metric	FNWD	HNVR
Operating margin	10.32%	3.72%
Net margin	9.65%	7.11%
ROE	5.51%	4.67%

Finward Bancorp: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.

Hanover Bancorp, Inc.: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.

Dividends

Metric	FNWD	HNVR
Dividend yield	1.15%	1.56%
Payout ratio	21.05%	31.39%

Growth (annualized)

Metric	FNWD	HNVR
Revenue CAGR (5Y)	8.22%	25.69%
EPS CAGR (5Y)	-16.97%	-3.26%
Total return CAGR (5Y)	2.19%	N/A

Frequently asked

Which has the lower trailing P/E, FNWD or HNVR?: FNWD has the lower trailing P/E: FNWD trades at 18.50 and HNVR at 19.94. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, FNWD or HNVR?: Over the past five years, HNVR grew revenue faster — FNWD at a 8.22% CAGR versus HNVR at 25.69%.
Does FNWD or HNVR pay a bigger dividend?: FNWD yields 1.15% and HNVR yields 1.56% based on trailing dividends and the latest price.
Is FNWD or HNVR more profitable?: FNWD runs the higher net margin — FNWD at 9.65% versus HNVR at 7.11%.

Go deeper

Full FNWD analysis Full HNVR analysis Interactive comparison tool

Dig into the metrics

Finward Bancorp P/E ratio Hanover Bancorp P/E ratio Finward Bancorp dividend yield Hanover Bancorp dividend yield Finward Bancorp ROE Hanover Bancorp ROE Finward Bancorp operating margin Hanover Bancorp operating margin Finward Bancorp revenue growth Hanover Bancorp revenue growth

Finward Bancorp & Hanover Bancorp appear in these rankings

Fastest Revenue Growth Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.