FFW Corporation Q ended June 30 net interest income rises on higher loan balances
FFW Corporation Q ended June 30 net interest income rises on higher loan balances
Overview
US community bank's quarter ended June 30 net income and EPS rose yr/yr
Q2 net interest income and noninterest income increased from prior year
Company repurchased 1,255 shares in Q2 at average price of $50.50
Outlook
Company did not provide specific guidance or outlook for future periods
Result Drivers
NET INTEREST INCOME - For the quarter ended June 30, net interest income increased yr/yr, supported by higher loan balances and improved net interest margin
NONINTEREST INCOME - For the quarter ended June 30, noninterest income rose, driven by higher service charges and commission income
CREDIT LOSS PROVISION - Co increased provision for credit losses to $150,000 in quarter ended on June 30 from $75,000 yr/yr, reflecting more cautious credit risk management
Company press release: ID:nGNX7bSfyp
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q ended June 30 Net Interest Margin |
| 3.29% |
|
Reuters Recommended Reads
Aug 16 - Search teams comb rubble in Colombia nearly a week after quake as aid effort expands
Aug 17 - Culture clash: How Orcel's profit-boosting recipe could prove a bitter pill for Commerzbank
Aug 14 - Canada's Accord Financial Q2 revenue falls, loss widens
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.)