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FFW Corporation Announces Earnings for the Quarter and Year to Date Ended March 31, 2025

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FFW (FFWC) reported strong financial results for Q3 2025, with net income rising to $1.4 million ($1.28 per share) compared to $920,000 ($0.82 per share) in Q3 2024. For the nine months ended March 31, 2025, net income reached $4.1 million ($3.66 per share) versus $3.0 million ($2.64 per share) in the same period last year.

Key financial metrics showed improvement with net interest income increasing to $4.1 million in Q3 2025 from $3.5 million in Q3 2024. The return on average assets rose to 1.00% from 0.66%, while return on average equity improved to 11.39% from 7.67%. Total assets stood at $571.9 million as of March 31, 2025.

However, nonperforming assets increased significantly to $8.7 million from $4.0 million at June 30, 2024. The maintains an active share repurchase program, having repurchased 13,708 shares at an average price of $39.98 during Q3 2025.

FFW (FFWC) ha riportato risultati finanziari solidi per il terzo trimestre 2025, con un utile netto salito a 1,4 milioni di dollari (1,28 dollari per azione) rispetto a 920.000 dollari (0,82 dollari per azione) nel terzo trimestre 2024. Nei nove mesi terminati il 31 marzo 2025, l鈥檜tile netto ha raggiunto 4,1 milioni di dollari (3,66 dollari per azione) contro 3,0 milioni di dollari (2,64 dollari per azione) nello stesso periodo dell鈥檃nno precedente.

I principali indicatori finanziari hanno mostrato miglioramenti, con il reddito netto da interessi aumentato a 4,1 milioni di dollari nel terzo trimestre 2025 rispetto a 3,5 milioni nel terzo trimestre 2024. Il rendimento medio degli attivi 猫 salito all鈥�1,00% dallo 0,66%, mentre il rendimento medio del patrimonio netto 猫 migliorato all鈥�11,39% dal 7,67%. Il totale degli attivi ammontava a 571,9 milioni di dollari al 31 marzo 2025.

Tuttavia, le attivit脿 in sofferenza sono aumentate significativamente a 8,7 milioni di dollari rispetto a 4,0 milioni al 30 giugno 2024. La societ脿 mantiene un programma attivo di riacquisto azionario, avendo riacquistato 13.708 azioni a un prezzo medio di 39,98 dollari durante il terzo trimestre 2025.

FFW (FFWC) report贸 s贸lidos resultados financieros para el tercer trimestre de 2025, con un ingreso neto que aument贸 a 1,4 millones de d贸lares (1,28 d贸lares por acci贸n) en comparaci贸n con 920.000 d贸lares (0,82 d贸lares por acci贸n) en el tercer trimestre de 2024. Para los nueve meses terminados el 31 de marzo de 2025, el ingreso neto alcanz贸 4,1 millones de d贸lares (3,66 d贸lares por acci贸n) frente a 3,0 millones de d贸lares (2,64 d贸lares por acci贸n) en el mismo per铆odo del a帽o anterior.

Los principales indicadores financieros mostraron mejoras, con el ingreso neto por intereses aumentando a 4,1 millones de d贸lares en el tercer trimestre de 2025 desde 3,5 millones en el tercer trimestre de 2024. El retorno sobre activos promedio subi贸 al 1,00% desde 0,66%, mientras que el retorno sobre el patrimonio promedio mejor贸 al 11,39% desde 7,67%. Los activos totales se situaron en 571,9 millones de d贸lares al 31 de marzo de 2025.

Sin embargo, los activos no productivos aumentaron significativamente a 8,7 millones de d贸lares desde 4,0 millones al 30 de junio de 2024. La empresa mantiene un programa activo de recompra de acciones, habiendo recomprado 13.708 acciones a un precio promedio de 39,98 d贸lares durante el tercer trimestre de 2025.

FFW (FFWC)電� 2025雲� 3攵勱赴鞐� 臧曤牓頃� 鞛 鞁れ爜鞚� 氤搓碃頄堨溂氅�, 靾滌澊鞚奠潃 2024雲� 3攵勱赴 92毵� 雼煬(欤茧嫻 0.82雼煬)鞐愳劀 140毵� 雼煬(欤茧嫻 1.28雼煬)搿� 歃濌皜頄堨姷雼堧嫟. 2025雲� 3鞗� 31鞚茧 膦呺霅� 9臧滌洈 霃欖晥 靾滌澊鞚奠潃 歆�雮滍暣 臧欖潃 旮瓣皠 300毵� 雼煬(欤茧嫻 2.64雼煬)鞐愳劀 410毵� 雼煬(欤茧嫻 3.66雼煬)搿� 靸侅姽頄堨姷雼堧嫟.

欤检殧 鞛 歆�響滊弰 臧滌劆霅橃柎, 靾滌澊鞛� 靾橃澋鞚� 2024雲� 3攵勱赴 350毵� 雼煬鞐愳劀 2025雲� 3攵勱赴 410毵� 雼煬搿� 歃濌皜頄堨姷雼堧嫟. 韽夑窢 鞛愳偘 靾橃澋毳犾潃 0.66%鞐愳劀 1.00%搿�, 韽夑窢 鞛愱赴鞛愲掣 靾橃澋毳犾潃 7.67%鞐愳劀 11.39%搿� 頄レ儊霅橃棃鞀惦媹雼�. 2025雲� 3鞗� 31鞚� 旮办 齑� 鞛愳偘鞚� 5鞏� 7,190毵� 雼煬鞓�鞀惦媹雼�.

頃橃毵� 攵�鞁� 鞛愳偘鞚� 2024雲� 6鞗� 30鞚� 400毵� 雼煬鞐愳劀 韥矊 歃濌皜頃橃棳 870毵� 雼煬鞐� 雼枅鞀惦媹雼�. 須岇偓電� 2025雲� 3攵勱赴 霃欖晥 韽夑窢 欤茧嫻 39.98雼煬鞐� 13,708欤茧ゼ 鞛愳偓欤� 毵れ瀰頃橂姅 鞝侁饭鞝侅澑 欤检嫕 頇橂Г 頂勲攴鸽灗鞚� 鞙犾頃橁碃 鞛堨姷雼堧嫟.

FFW (FFWC) a annonc茅 des r茅sultats financiers solides pour le troisi猫me trimestre 2025, avec un b茅n茅fice net en hausse 脿 1,4 million de dollars (1,28 dollar par action) contre 920 000 dollars (0,82 dollar par action) au troisi猫me trimestre 2024. Sur les neuf mois clos au 31 mars 2025, le b茅n茅fice net a atteint 4,1 millions de dollars (3,66 dollars par action) contre 3,0 millions de dollars (2,64 dollars par action) sur la m锚me p茅riode l鈥檃n dernier.

Les principaux indicateurs financiers ont montr茅 une am茅lioration, avec un produit net d鈥檌nt茅r锚ts passant 脿 4,1 millions de dollars au troisi猫me trimestre 2025 contre 3,5 millions au troisi猫me trimestre 2024. Le rendement moyen des actifs a augment茅 脿 1,00 % contre 0,66 %, tandis que le rendement moyen des capitaux propres s鈥檈st am茅lior茅 脿 11,39 % contre 7,67 %. Le total des actifs s鈥櫭﹍evait 脿 571,9 millions de dollars au 31 mars 2025.

Cependant, les actifs non performants ont augment茅 de mani猫re significative, passant de 4,0 millions de dollars au 30 juin 2024 脿 8,7 millions de dollars. La soci茅t茅 maintient un programme actif de rachat d鈥檃ctions, ayant rachet茅 13 708 actions 脿 un prix moyen de 39,98 dollars au cours du troisi猫me trimestre 2025.

FFW (FFWC) meldete starke Finanzergebnisse f眉r das dritte Quartal 2025, wobei der Nettogewinn auf 1,4 Millionen US-Dollar (1,28 US-Dollar pro Aktie) im Vergleich zu 920.000 US-Dollar (0,82 US-Dollar pro Aktie) im dritten Quartal 2024 stieg. F眉r die neun Monate bis zum 31. M盲rz 2025 erreichte der Nettogewinn 4,1 Millionen US-Dollar (3,66 US-Dollar pro Aktie) gegen眉ber 3,0 Millionen US-Dollar (2,64 US-Dollar pro Aktie) im gleichen Zeitraum des Vorjahres.

Wichtige Finanzkennzahlen zeigten Verbesserungen, wobei das Nettozinseinkommen im dritten Quartal 2025 auf 4,1 Millionen US-Dollar gegen眉ber 3,5 Millionen US-Dollar im dritten Quartal 2024 anstieg. Die Rendite auf das durchschnittliche Verm枚gen stieg von 0,66 % auf 1,00 %, w盲hrend die Eigenkapitalrendite von 7,67 % auf 11,39 % verbessert wurde. Die Gesamtverm枚genswerte beliefen sich zum 31. M盲rz 2025 auf 571,9 Millionen US-Dollar.

Die notleidenden Verm枚genswerte stiegen jedoch erheblich von 4,0 Millionen US-Dollar am 30. Juni 2024 auf 8,7 Millionen US-Dollar. Das Unternehmen f眉hrt ein aktives Aktienr眉ckkaufprogramm durch und hat im dritten Quartal 2025 13.708 Aktien zu einem durchschnittlichen Preis von 39,98 US-Dollar zur眉ckgekauft.

Positive
  • Net income increased 52% to $1.4 million in Q3 2025
  • Net interest income grew 16.5% to $4.1 million in Q3 2025
  • Return on equity improved to 11.39% from 7.67%
  • Noninterest income increased 22.5% to $1.3 million
Negative
  • Nonperforming assets more than doubled to $8.68 million from $4.04 million
  • Credit loss provisions increased to $50,000 from $0 in Q3 2024
  • Noninterest expenses rose 6% to $3.83 million

WABASH, Ind., April 23, 2025 (GLOBE NEWSWIRE) -- FFW Corporation (the 鈥淐orporation鈥�) (OTC PINK: FFWC) (4/22/2025 Close: $39.70), parent corporation of Crossroads Bank (the 鈥淏ank鈥�), announced earnings for the quarter and year to date ended March 31, 2025.

For the three months ended March 31, 2025, the Corporation reported net income of $1,399,000 or $1.28 per common share compared to $920,000 or $0.82 per common share for the three months ended March 31, 2024. Net interest income for the three months ended March 31, 2025 was $4,119,000 compared to $3,536,000 for the three months ended March 31, 2024. The provision for credit losses was $50,000 for the three months ended March 31, 2025 and $0 for the three months ended March 31, 2024. Total noninterest income was $1,309,000 for the three months ended March 31, 2025 compared to $1,068,000 for the three months ended March 31, 2024. Noninterest expense was $3,827,000 for the three months ended March 31, 2025 and $3,609,000 for the three months ended March 31, 2024.

For the nine months ended March 31, 2025, the Corporation reported net income of $4,081,000 or $3.66 per common share compared to $2,972,000 or $2.64 per common share for the nine months ended March 31, 2024. Net interest income for the nine months ended March 31, 2025 was $11,894,000 compared to $10,813,000 for the nine months ended March 31, 2024. The Company recognized a provision for credit losses of $125,000 for the nine months ended March 31, 2025 and $0 for the nine months ended March 31, 2024. Total noninterest income was $3,849,000 for the nine months ended March 31, 2025 compared to $3,007,000 for the nine months ended March 31, 2024. Noninterest expense was $11,100,000 for the nine months ended March 31, 2025 and $10,584,000 for the nine months ended March 31, 2024.

The three and nine months ended March 31, 2025 represented a return on average common equity of 11.39% and 10.88%, respectively, compared to 7.67% and 8.56% for the three and nine month periods ended March 31, 2024. The three and nine months ended March 31, 2025 represented a return on average assets of 1.00% and 0.95%, respectively, compared to 0.66% and 0.72%, for the three and nine month periods ended March 31, 2024.

The allowance for credit losses as a percentage of gross loans receivable was 1.32% at March 31, 2025 compared to 1.33% at June 30, 2024. Nonperforming assets were $8,682,000 at March 31, 2025 compared to $4,044,000 at June 30, 2024.

As of March 31, 2025, FFWC鈥檚 equity-to-assets ratio was 8.73% compared to 8.55% at June 30, 2024. Total assets at March 31, 2025 were $571,925,000 compared to $567,363,000 at June 30, 2024. Shareholders鈥� equity was $49,958,000 at March 31, 2025 compared to $48,515,000 at June 30, 2024. Crossroads Bank exceeds all applicable regulatory requirements to be considered 鈥渨ell capitalized.鈥�

The Corporation has an active share repurchase program. During the quarter ended March 31, 2025, the Corporation repurchased 13,708 shares at an average price of $39.98. Year to date the Corporation repurchased 53,178 shares at an average price of $39.40. For more information regarding the share repurchase program, please contact Roger Cromer, President, at (260) 563-3185. The Corporation may suspend or discontinue repurchases at any time.

Forward Looking Statements

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include expressions such as 鈥渆xpects,鈥� 鈥渋ntends,鈥� 鈥渂elieves,鈥� and 鈥渟hould,鈥� which are necessarily statements of belief as to the expected outcomes of future events. Actual results could materially differ from those presented. The Corporation's ability to predict future results involves a number of risks and uncertainties. The Corporation undertakes no obligation to release revisions to these forward-looking statements or reflect events or circumstances after the date of this release.

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鈥檚 stock is traded on the OTC Markets under the symbol 鈥淔FWC.鈥� Our website address is . Crossroads Bank, Member FDIC.

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FFW Corporation
Selected Financial Information
听
Consolidated Balance Sheet
听听听听
听听Mach 31
听June 30
听听2025听听2024听
听听Unaudited听听
Assets听听
Cash and due from financial institutions$6,983,720听听$5,202,224听
Interest-bearing deposits in other financial institutions听3,719,909听听听11,717,782听
听Cash and cash equivalents听10,703,629听听听16,920,006听
听听听
Securities available for sale听107,035,030听听听106,179,450听
Loans held for sale听1,183,650听听听559,830听
Loans receivable, net of allowance for credit losses of $5,627,164听听
听at March 31, 2024 and $5,564,436 at June 30, 2024听421,027,946听听听411,841,368听
Federal Home Loan Bank stock, at cost听1,289,700听听听1,289,700听
Accrued interest receivable听2,914,302听听听3,016,660听
Premises and equipment, net听7,503,967听听听7,614,589听
Mortgage servicing rights听1,093,572听听听1,086,587听
Cash surrender value of life insurance听13,054,115听听听12,725,890听
Goodwill听1,213,898听听听1,213,898听
Repossessed Assets听-听听听1,250听
Other assets听4,904,722听听听4,913,693听
听Total assets$571,924,531听听$567,362,921听
听听听听
Liabilities and shareholders' equity听听
Deposits听听
听Noninterest-bearing$51,886,534听听$47,530,618听
听Interest-bearing听448,895,881听听听466,891,628听
听Total deposits听500,782,415听听听514,422,246听
听听听听
Borrowings听17,000,000听听听-听
Accrued expenses and other liabilities听4,184,509听听听4,425,736听
听Total liabilities听521,966,924听听听518,847,982听
听听听听
Shareholders' equity听听
Common stock, $.01 par; 2,000,000 shares authorized;听听
听Issued: 1,836,328; outstanding: 1,086,281 at March 31, 2025 and 1,126,243 at June 30, 2024听18,363听听听18,363听
Additional paid-in capital听10,182,832听听听10,266,257听
Retained earnings听64,774,708听听听61,694,919听
Accumulated other comprehensive income (loss)听(10,489,806)听听(10,795,929)
Treasury stock, at cost: 746,9325 at March 31, 2025 and听听
听710,085 at June 30, 2024听(14,528,490)听听(12,668,671)
听Total shareholders' equity听49,957,607听听听48,514,939听
听听听听
听Total liabilities and shareholders' equity$571,924,531听听$567,362,921听
听听听听听听听听听


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FFW Corporation
Selected Financial Information
听
Consolidated Statement of Income
听听听听听听
听听听Three Months Ended March 31
听Nine Months Ended March 31
听听听2025
听2024
听2025听2024
听听听Unaudited听Unaudited听Unaudited听Unaudited
Interest and dividend income:听听听听
听Loans, including fees$5,707,273听听$5,373,052听听$17,198,053听听$15,688,147听
听Taxable securities听549,122听听听508,864听听听1,623,785听听听1,493,040听
听Tax exempt securities听405,406听听听407,951听听听1,223,115听听听1,250,686听
听Other听103,991听听听57,617听听听485,623听听听189,900听
听听Total interest and dividend income听6,765,792听听听6,347,484听听听20,530,576听听听18,621,773听
听听听听听听听
Interest expense:听听听听
听Deposits听2,619,446听听听2,746,943听听听8,608,612听听听7,680,525听
听Borrowings听27,799听听听64,888听听听27,813听听听128,357听
听听Total interest expense听2,647,245听听听2,811,831听听听8,636,425听听听7,808,882听
听听听听听听听
Net interest income听4,118,547听听听3,535,653听听听11,894,151听听听10,812,891听
听听听听听听听
Provision for credit losses听50,000听听听-听听听125,000听听听-听
听听听听听听听
Net interest income after provision for听4,068,547听听听3,535,653听听听11,769,151听听听10,812,891听
听credit losses听听听听
听听听听听听听
Noninterest income:听听听听
听Net gains on sales of loans听59,267听听听28,349听听听298,601听听听71,755听
听Net gains (losses) on fixed assets听-听听听-听听听35,238听听听-听
听Net gains (losses) on sales of REO听-听听听-听听听(684)听听(37,006)
听Commission income听593,775听听听364,240听听听1,530,164听听听1,034,231听
听Service charges and fees听245,619听听听276,777听听听711,137听听听779,262听
听Earnings on life insurance听109,953听听听107,851听听听328,225听听听283,332听
听Other听300,569听听听291,081听听听946,043听听听874,959听
听听Total noninterest income听1,309,183听听听1,068,298听听听3,848,724听听听3,006,533听
听听听听听听听
Noninterest expense:听听听听
听Salaries and benefits听2,017,995听听听1,942,761听听听6,063,655听听听5,726,167听
听Occupancy and equipment听333,088听听听323,582听听听966,545听听听950,172听
听Professional听127,059听听听116,840听听听463,741听听听359,794听
听Marketing听84,205听听听98,890听听听278,408听听听281,794听
听Deposit insurance premium听84,423听听听69,000听听听246,684听听听207,666听
听Regulatory assessment听11,921听听听10,345听听听31,203听听听31,035听
听Correspondent bank charges听34,720听听听25,675听听听81,274听听听69,885听
听Data processing听592,792听听听474,275听听听1,556,269听听听1,384,115听
听Printing, postage and supplies听69,259听听听64,214听听听226,111听听听219,432听
听Expense on life insurance听27,665听听听41,249听听听(19,889)听听88,785听
听Contribution expense听18,286听听听20,946听听听37,388听听听40,881听
听Expense on REO听-听听听-听听听-听听听5,822听
听Other听425,132听听听421,267听听听1,168,598听听听1,217,962听
听听Total noninterest expense听3,826,545听听听3,609,044听听听11,099,987听听听10,583,510听
听听听听听听听
Income before income taxes听1,551,185听听听994,907听听听4,517,888听听听3,235,914听
听听听听听听听
Income tax expense听152,317听听听75,100听听听436,810听听听264,001听
听听听听听听听
Net income$1,398,868听听$919,807听听$4,081,078听听$2,971,913听
听听听听听听听听听听听听听听听听


听听听听听听听听听听听听听听听听听
FFW Corporation
Selected Financial Information
听
Key Balances and Ratios
听听听听听
听听Three Months Ended March 31
听Nine Months Ended March 31
听听2025听2024听2025听2024
听听Unaudited听Unaudited听Unaudited听Unaudited
Per common share data:听听听听
Earnings$1.28听听$0.82听听$3.66听听$2.64听
Diluted earnings$1.28听听$0.82听听$3.66听听$2.64听
Dividends paid$0.30听听$0.29听听$0.90听听$0.87听
Average shares issued and outstanding听1,091,358听听听1,128,394听听听1,116,016听听听1,126,998听
Shares outstanding end of period听1,086,281听听听1,126,843听听听1,086,281听听听1,126,843听
听听听听听听
Supplemental data:听听听听
Net interest margin **听3.00%听听2.66%听听2.84%听听2.70%
Return on average assets ***听1.00%听听0.66%听听0.95%听听0.72%
Return on average common equity ***听11.39%听听7.67%听听10.88%听听8.56%
听听听听听听
听听March 31
听June 30
听听听
听听2025听2024听听听
Nonperforming assets *$8,682,341听听$4,044,082听听听听
Repossessed assets$0听听$1,250听听听听
听听听听听听
*Includes non-accruing loans, accruing loans delinquent more than 90 days and repossessed assets
**Yields reflected have not been computed on a tax equivalent basis
***Annualized
听听听听听听

Contact: Stacy Wiley, Treasurer, at (260) 563-3185


FAQ

What was FFW 's (FFWC) earnings per share for Q3 2025?

FFWC reported earnings of $1.28 per share for Q3 2025, up from $0.82 per share in Q3 2024.

How much did FFWC's nonperforming assets increase in March 2025?

Nonperforming assets increased to $8.68 million as of March 31, 2025, compared to $4.04 million at June 30, 2024.

What is FFWC's current share repurchase activity?

In Q3 2025, FFWC repurchased 13,708 shares at an average price of $39.98, with year-to-date repurchases totaling 53,178 shares at an average price of $39.40.

What was FFW 's return on equity in Q3 2025?

FFWC's return on average common equity was 11.39% for Q3 2025, up from 7.67% in Q3 2024.
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FFW Corp

OTC:FFWC

FFWC Rankings

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FFWC Latest News

Aug 25, 2025
FFW Corporation Announces Earnings for the Fiscal Year Ended June 30, 2025
May 29, 2025
FFW Corporation Announces Quarterly Cash Dividend
Apr 4, 2025
FFW Corporation and Crossroads Bank Appoint New Board Member, Andy Bain
Apr 1, 2025
FFW Corporation and Crossroads Bank Appoint New Board Chairman
Feb 26, 2025
FFW Corporation Announces Quarterly Cash Dividend

FFWC Stock Data

44.54M
Banks - Regional
Financial Services
United States
Wabash

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