FFW Corporation Announces Earnings for the Fiscal Year Ended June 30, 2025

Core Viewpoint - FFW Corporation reported significant growth in net income and net interest income for the fiscal year ended June 30, 2025, indicating strong financial performance compared to the previous year [2][3]. Financial Performance - For the three months ended June 30, 2025, net income was $1,461,000 or $1.35 per common share, up from $1,118,000 or $0.99 per common share for the same period in 2024 [2]. - For the twelve months ended June 30, 2025, net income reached $5,542,000 or $5.01 per common share, compared to $4,089,000 or $3.63 per common share in 2024 [3]. - Net interest income for the three months ended June 30, 2025 was $4,385,000, an increase from $3,664,000 in the same period of 2024 [2]. - For the twelve months ended June 30, 2025, net interest income was $16,279,000, compared to $14,477,000 in 2024 [3]. Credit Losses and Noninterest Income - Credit loss expense for the three months ended June 30, 2025 was $75,000, while there was no credit loss expense for the same period in 2024 [2]. - Total noninterest income for the three months ended June 30, 2025 was $1,221,000, compared to $1,137,000 in 2024 [2]. - For the twelve months ended June 30, 2025, total noninterest income was $5,070,000, up from $4,144,000 in 2024 [3]. Expenses and Ratios - Noninterest expense for the three months ended June 30, 2025 was $3,906,000, compared to $3,641,000 in 2024 [2]. - The return on average common equity for the three months ended June 30, 2025 was 11.77%, up from 9.41% in 2024 [4]. - The return on average assets for the same period was 1.03%, compared to 0.80% in 2024 [4]. Asset Quality and Capitalization - The allowance for credit losses as a percentage of gross loans receivable was 1.35% at June 30, 2025, slightly up from 1.33% at June 30, 2024 [5]. - Nonperforming assets increased to $8,147,000 at June 30, 2025, compared to $4,044,000 at June 30, 2024 [5]. - As of June 30, 2025, the equity-to-assets ratio was 8.76%, up from 8.55% in 2024, with total assets of $570,108,000 compared to $567,363,000 in 2024 [6]. Shareholder Actions - The Corporation has an active share repurchase program, having repurchased 3,303 shares at an average price of $39.70 during the quarter ended June 30, 2025 [6].