FFW Corporation Announces Quarterly Cash Dividend, Share Repurchase

Rhea-AI Summary

FFW Corporation (OTC PINK: FFWC) has declared a quarterly cash dividend of $0.26 per share, payable on March 31, 2022, to shareholders on record as of March 17, 2022. As of January 31, 2022, the company's book value was $47.00 per share, with an outstanding share count of 1,143,377. Total assets amounted to $523.9 million and shareholders' equity was $53.7 million. Furthermore, FFW Corporation has an active share repurchase program and will continue to evaluate dividend payments quarterly.

Positive

• Declaration of a $0.26 dividend enhances shareholder value.
• Strong asset base with $523.9 million in total assets.
• Consistent quarterly dividend evaluation indicates financial stability.

Negative

• None.

WABASH, Ind., Feb. 18, 2022 (GLOBE NEWSWIRE) -- FFW Corporation (OTC PINK: FFWC) (02/17/22 Close: $47.37), parent corporation of Crossroads Bank, has approved a quarterly cash dividend of $0.26 per share of common stock. The dividend is payable March 31, 2022 to shareholders of record on March 17, 2022.

The book value of FFW Corporation stock was $47.00 per share as of January 31, 2022. The last reported trade of stock at the close of business on February 17, 2022 was $47.37 per share and the number of outstanding shares was 1,143,377 as of the same date. On January 31, 2022, the corporation had assets of $523.9 million and shareholders' equity of $53.7 million. The Board of FFW Corporation and Crossroads Bank will continue to evaluate the payment of a dividend on a quarterly basis.

The corporation has an active walk-in share repurchase program. Share repurchases may be facilitated at the corporate office located at 1205 N. Cass St., Wabash IN 46992. For more information regarding the share repurchase program, please contact Kirsten Pendarvis, Treasurer, at (260) 563-3185. The corporation may suspend or discontinue repurchases at any time.

Crossroads Bank is a wholly owned subsidiary of FFW Corporation, providing an extensive array of banking services and a wide range of investments and securities products through its main office in Wabash and six Indiana banking centers located in Columbia City, North Manchester, Peru, South Whitley, Syracuse and Warsaw. The Bank also provides leasing services at each of its banking centers. Insurance products are offered through an affiliated company, Insurance 1 Services, Inc. The Corporation’s stock is traded on the OTC Markets under the symbol “FFWC.” Our website address is www.crossroadsbanking.com. Crossroads Bank, Member FDIC.

FOR MORE INFORMATION
Kirsten Pendarvis
Treasurer
(260) 563-3185

SOURCE: FFW Corporation

FAQ

What is the dividend payment schedule for FFW Corporation?

FFW Corporation has declared a quarterly cash dividend of $0.26 per share, payable on March 31, 2022, to shareholders of record on March 17, 2022.

What are the current financial metrics of FFW Corporation?

As of January 31, 2022, FFW Corporation reported total assets of $523.9 million and shareholders' equity of $53.7 million.

How does the share repurchase program affect FFW Corporation's stock?

FFW Corporation has an active share repurchase program aimed at supporting its stock price and enhancing shareholder value, which may be suspended or discontinued at any time.

What is the book value of FFW Corporation stock?

The book value of FFW Corporation stock was $47.00 per share as of January 31, 2022.