FFW CORPORATION - FFWC STOCK NEWS

FFW (FFWC) reported strong financial results for Q3 2024. Net income increased to $1,243,000 ($1.09 per share) from $978,000 ($0.87 per share) in Q3 2023. Net interest income rose to $3,782,000 from $3,645,000 year-over-year. Total noninterest income grew to $1,280,000 from $928,000. The company's return on average assets improved to 0.86% from 0.72%, while return on average equity increased to 9.89% from 8.87%. Total assets reached $577,077,000, with shareholders' equity at $51,258,000. During the quarter, the company repurchased 5,000 shares at an average price of $37.00.

FFW (OTC PINK: FFWC), parent of Crossroads Bank, has declared a quarterly cash dividend of $0.30 per share, payable on September 27, 2024, to shareholders of record on September 13, 2024. As of July 31, 2024, the company's book value per share was $43.43, with the stock closing at $34.50 on August 27, 2024. FFW reported assets of $561.5 million and shareholders' equity of $49.5 million as of July 31, 2024. The company operates through Crossroads Bank, offering banking services, investments, and securities products across seven Indiana locations, along with leasing and insurance services.

FFW (OTC PINK: FFWC), parent of Crossroads Bank, reported financial results for the fiscal year ended June 30, 2024. Net income for Q4 2024 was $1,118,000 ($0.99 per share), down from $1,343,000 ($1.19 per share) in Q4 2023. Full-year net income for FY2024 was $4,089,000 ($3.63 per share), compared to $5,698,000 ($5.03 per share) in FY2023.

Key financial metrics for FY2024 include:

• Net interest income: $14,477,000 (down from $16,399,000 in FY2023)
• Noninterest income: $4,144,000 (up from $4,005,000)
• Noninterest expense: $14,225,000 (up from $13,433,000)
• Return on average assets: 0.74% (down from 1.07%)
• Total assets: $567,363,000 (up from $543,245,000)
• Shareholders' equity: $48,515,000 (up from $46,385,000)

FFW (OTC PINK: FFWC), parent of Crossroads Bank, announced a quarterly cash dividend of $0.29 per share, payable on June 28, 2024, to shareholders of record as of June 14, 2024. The book value per share was $41.72 as of April 30, 2024, while the closing stock price was $34.54 on May 23, 2024, with 1,126,243 shares outstanding. As of April 30, 2024, FFW reported assets of $554.9 million and shareholders' equity of $47.0 million. The Board will continue to evaluate quarterly dividends. Crossroads Bank operates multiple banking centers and offers various financial services in Indiana.

FFW , the parent company of Crossroads Bank, announced earnings for the quarter and year to date ended March 31, 2024. The reported a net income of $920,000 for the quarter, with a decrease from the previous year. Net interest income also saw a decline, while noninterest income increased. The return on average common equity and assets decreased compared to the previous year. The allowance for credit losses and nonperforming assets showed slight increases. FFWC remains well-capitalized and continues to meet regulatory requirements.

FFW and Crossroads Bank appoint Kevin Hart as a new board member, reflecting a commitment to strong leadership and strategic direction. Dr. Hart's background in cardiology, agriculture, and farmland investing brings valuable expertise to the board.

FFW Corporation, parent company of Crossroads Bank, declares a quarterly cash dividend of $0.29 per share of common stock. The corporation's stock book value stands at $42.16 per share. With assets of $550.8 million and shareholders' equity of $47.6 million as of January 31, 2024, the company continues to assess dividend payments quarterly. Crossroads Bank offers a wide range of banking services and investment products through its Indiana branches.

FFW Corporation (FFWC) announced earnings for the quarter and year to date ended December 31, 2023. The Corporation reported net income of $1,074,000 or $0.95 per common share for the three months ended December 31, 2023, compared to $1,516,000 or $1.34 per common share for the same period in 2022. Net interest income, noninterest income, and noninterest expense figures were also provided. The three and six months ended December 31, 2023, represented a return on average common equity of 8.82% and 9.03%, respectively, compared to 13.71% and 13.66% for the same periods in 2022. The Corporation's allowance for credit losses, nonperforming assets, equity-to-assets ratio, total assets, and shareholders' equity were detailed, showing increases in nonperforming assets and total assets. Crossroads Bank was noted to exceed all applicable regulatory requirements to be considered 'well capitalized.'

FFW Corporation (OTC PINK: FFWC) has approved a quarterly cash dividend of $0.29 per share of common stock. The dividend is payable on December 29, 2023, to shareholders of record on December 15, 2023. The book value of FFW Corporation stock was $37.37 per share, with assets of $541.0 million and shareholders' equity of $42.1 million as of October 31, 2023. The last reported trade of stock on November 30, 2023, was $32.30 per share, with 1,126,007 outstanding shares. Crossroads Bank, the corporation's wholly owned subsidiary, offers banking services, investments, securities products, and leasing services at six Indiana banking centers. The Corporation’s stock is traded on the OTC Markets under the symbol “FFWC.”