FFW Corp - FFWC STOCK NEWS

FFW (FFWC) announced the appointment of Stacy Wiley as Vice President and Chief Financial Officer at Crossroads Bank. Wiley brings significant expertise with a Bachelor of Science and MBA in Business Management from Purdue Fort Wayne, along with tax agent certification.

Her background includes leadership roles in Operations, Accounting, and Human Resources within the financial industry. Roger Cromer, President and CEO of Crossroads Bank, emphasized that Wiley's experience and leadership will be important for delivering innovative solutions and exceptional service.

The new CFO is noted for her community involvement and understanding of local business connections.

FFW (FFWC) has declared a quarterly cash dividend of $0.30 per share, payable on December 27, 2024, to shareholders of record as of December 13, 2024. The company's stock book value was $44.40 per share as of October 31, 2024, with the last reported trading price at $39.00 per share on November 26, 2024.

The reported total assets of $571.1 million and shareholders' equity of $49.3 million as of October 31, 2024, with 1,111,668 outstanding shares. FFW operates through its subsidiary Crossroads Bank, providing banking services across seven Indiana locations, along with leasing and insurance services.

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.