FFB BANCORP - $FFBB STOCK NEWS

Welcome to our dedicated page for FFB BANCORP news (Ticker: $FFBB), a resource for investors and traders seeking the latest updates and insights on FFB BANCORP stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect FFB BANCORP's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of FFB BANCORP's position in the market.

04/17/2024 04:00 PM

News

FFB Bancorp Earns $7.79 million, or $2.46 per Diluted Share, for First Quarter 2024

Rhea-AI Summary

FFB Bancorp reported net income of $7.79 million, or $2.46 per diluted share, for the first quarter of 2024, showing a 3% increase from the previous quarter. The company's pre-tax, pre-provision income rose by 3.02% to $10.91 million. Return on average equity was 23.27%, and return on average assets was 2.32%. Gross revenue increased by 22% to $23.61 million, with total assets reaching $1.40 billion, a 9% increase. Shareholder equity surged by 37% to $138.72 million. The Company's tangible common equity ratio was 9.94%, and the Bank's regulatory leverage capital ratio was 14.27%. Despite strong revenue growth, there was an increase in nonperforming assets and loan delinquencies related to the SBA portfolio during the quarter.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

0.61%

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01/24/2024 09:00 AM

News

FFB Bancorp Earns $7.57 million, or $2.38 per Diluted Share, for Fourth Quarter 2023; Earns $33.56 million, or $10.56 per Diluted Share, for Full Year 2023

Rhea-AI Summary

FFB Bancorp reported a net income of $7.57 million for Q4 2023, showing a 15% decrease from the previous quarter. For the year ended December 31, 2023, net income increased by 27% to $33.56 million. The company's total assets increased by 5% to $1.36 billion, while the total portfolio of loans increased by 10% to $928.34 million. The net interest margin improved by 40 basis points to 5.19% for Q4 2023. Non-interest income increased by 57% to $25.05 million for the year ended December 31, 2023. Operating expenses increased by 47% to $40.61 million for the same period. Non-interest bearing demand deposits represented 68% of total deposits at December 31, 2023.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

2.36%

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10/18/2023 09:00 AM

News

FFB Bancorp Earns $8.87 Million, or $2.79 per Diluted Share, for Third Quarter 2023

Rhea-AI Summary

FFB Bancorp reports a 28% increase in net income for the third quarter of 2023 compared to the same period last year.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

0.82%

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09/25/2023 09:00 AM

News

FFB Bancorp President and CEO Taking Personal Leave of Absence

Rhea-AI Summary

FFB Bancorp's CEO Steve Miller takes temporary leave of absence due to his spouse's illness. Bhavneet Gill will serve as Acting CEO. Senior management committee formed to support the Board. Company remains focused on executing 2023 strategic plan.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-0.19%

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08/30/2023 11:01 AM

News

FFB Bancorp Announces Ticker Symbol Change

Rhea-AI Summary

FFB Bancorp receives approval to change ticker symbol from 'CFST' to 'FFBB' as part of its expansion strategy in Northern and Southern California. Bank adds senior bankers and opens positions for business development officers in these areas.

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End-of-Day

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