Business
FFW Corporation Announces Earnings for the Quarter and Year to Date Ended March 31, 2025
WABASH, Ind., April 23, 2025 (GLOBE NEWSWIRE) -- FFW Corporation (the “Corporation”) (OTC PINK: FFWC) (4/22/2025 Close: $39.70), parent corporation of Crossroads Bank (the “Bank”), announced earnings for the quarter and year to date ended March 31, 2025. For the three months ended March 31, 2025, the Corporation reported net income of $1,399,000 or $1.28 per common share compared to $920,000 or $0.82 per common share for the three months ended March 31, 2024. Net interest income for the three mo
About this update from Ffw Corporation
[{"type":"text","content":"WABASH, Ind., April 23, 2025 (GLOBE NEWSWIRE) -- FFW Corporation (the “Corporation”) (OTC PINK: FFWC) (4/22/2025 Close: $39.70), parent corporation of Crossroads Bank (the “Bank”), announced earnings for the quarter and year to date ended March 31, 2025.","length":254,"tagName":"p"},{"type":"text","content":"For the three months ended March 31, 2025, the Corporation reported net income of $1,399,000 or $1.28 per common share compared to $920,000 or $0.82 per common share for the three months ended March 31, 2024. Net interest income for the three months ended March 31, 2025 was $4,119,000 compared to $3,536,000 for the three months ended March 31, 2024. The provision for credit losses was $50,000 for the three months ended March 31, 2025 and $0 for the three months ended March 31, 2024. Total noninterest income was $1,309,000 for the three months ended March 31, 2025 compared to $1,068,000 for the three months ended March 31, 2024. Noninterest expense was $3,827,000 for the three months ended March 31, 2025 and $3,609,000 for the three months ended March 31, 2024.","length":770,"tagName":"p"},{"type":"text","content":"For the nine months ended March 31, 2025, the Corporation reported net income of $4,081,000 or $3.66 per common share compared to $2,972,000 or $2.64 per common share for the nine months ended March 31, 2024. Net interest income for the nine months ended March 31, 2025 was $11,894,000 compared to $10,813,000 for the nine months ended March 31, 2024. The Company recognized a provision for credit losses of $125,000 for the nine months ended March 31, 2025 and $0 for the nine months ended March 31, 2024. Total noninterest income was $3,849,000 for the nine months ended March 31, 2025 compared to $3,007,000 for the nine months ended March 31, 2024. Noninterest expense was $11,100,000 for the nine months ended March 31, 2025 and $10,584,000 for the nine months ended March 31, 2024.","length":787,"tagName":"p"},{"type":"text","content":"The three and nine months ended March 31, 2025 represented a return on average common equity of 11.39% and 10.88%, respectively, compared to 7.67% and 8.56% for the three and nine month periods ended March 31, 2024. The three and nine months ended March 31, 2025 represented a return on average assets of 1.00% and 0.95%, respectively, compared to 0.66% and 0.72%, for the three and nine mon...