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FFWC — FFW News Story

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FFW Corp Q4 net income rises on higher interest income

Overview

Banking firm's Q4 net income rose yr/yr, driven by higher net interest income

Noninterest income declined slightly, while noninterest expenses increased in Q4

Company continued share repurchase program, buying 1,408 shares in Q4

Outlook

FFW Corporation did not provide specific guidance for future quarters or the full year

Result Drivers

NET INTEREST INCOME - Significant increase in net interest income to $4.664 mln from $3.994 mln in the prior year, contributing to higher net income

CREDIT LOSS PROVISION - Increased provision for credit losses to $100,000 from $75,000 in the prior year, reflecting cautious credit management

NONINTEREST INCOME DECLINE - Noninterest income decreased to $1.161 mln from $1.259 mln, partially offsetting gains from net interest income

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 Net Interest Margin3.29%
Press Release: ID:nGNXb7jpjs For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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