Welcome to our dedicated page for FFW news (Ticker: FFWC), a resource for investors and traders seeking the latest updates and insights on FFW stock.
FFW Corporation (FFWC) is a savings institutions company in the finance and insurance sector and the parent corporation of Crossroads Bank. Its news flow, as reflected in public announcements, centers on quarterly and annual earnings, regular cash dividend declarations, capital and asset quality metrics, and governance developments at both FFW Corporation and Crossroads Bank.
Investors following FFW Corporation news can review detailed earnings releases that include consolidated balance sheets and income statements. These updates show interest and dividend income from loans and securities, interest expense on deposits and borrowings, net interest income, provisions for credit losses, noninterest income and expenses, and net income. The company also reports key ratios such as net interest margin, return on average assets, and return on average common equity, as well as information on nonperforming assets and the allowance for credit losses.
Another recurring theme in FFW Corporation’s news is its quarterly cash dividend announcements. Each dividend release specifies the per-share amount, record date, payment date, book value per share, recent trading prices, outstanding shares, and summary balance sheet figures such as total assets and shareholders’ equity. The company also highlights its active share repurchase program in earnings news, disclosing shares repurchased and average prices.
Governance and leadership updates appear in the company’s news as well, including the appointment of new board members and a new Board Chairman for FFW Corporation and Crossroads Bank. These stories describe board members’ professional backgrounds and community involvement. For ongoing insight into FFW Corporation’s reported financial performance, dividends, capital position, and board-level changes, readers can use this news page as a centralized source of the company’s public announcements over time.
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FFW Corporation (OTC PINK: FFWC) reported its financial results for the quarter and year-to-date ending March 31, 2023. The Corporation achieved a net income of $1,216,000 ($1.07 per share) for the quarter, a decrease from $1,369,000 ($1.20 per share) in the same period last year. Net interest income rose to $3,975,000 from $3,745,000 year-over-year, while total noninterest income dropped to $880,000 from $1,120,000. For the nine months, net income increased to $4,355,000 ($3.84 per share) from $4,197,000 ($3.67 per share). The provision for loan losses was $475,000 for the nine months, up from $205,000 in the previous year. A special cash dividend of $1.25 per share has been declared, payable May 31, 2023, to shareholders on record as of May 17.
FFW Corporation (OTC PINK: FFWC) has appointed Steve Forrester to its Board of Directors, enhancing its governance structure. Forrester, currently the President of Intrasect Technologies, will serve on the Audit Committee. His extensive background in technology and information security is expected to be a valuable asset. Chairman Dan Ford highlighted Forrester's contributions in business and technology, while CEO Roger Cromer emphasized his strategic leadership skills. Crossroads Bank, a wholly owned subsidiary of FFW Corporation, operates multiple banking centers across Indiana, offering a range of financial services.