FFW Corporation Announces Earnings for the Quarter Ended September 30, 2026

Higher quarterly earnings and a wider net interest margin accompanied lower shareholders’ equity and deposits.

Rhea-AI Summary

FFW Corporation (FFWC) reported net income of $1,919,877 for the quarter ended September 30, 2026, up from a year earlier. Earnings per common share rose to $1.77 from $1.40, while net income in the prior-year quarter was $1,517,879. Net interest income increased to $5,165,966 from $4,514,453, and net interest margin widened to 3.44% from 3.23%. Noninterest income rose to $1,414,611 from $1,268,328, while noninterest expense increased to $4,274,004 from $4,002,279.

At September 30, total assets were $610,142,972, versus $613,963,482 at June 30. Shareholders’ equity declined to $56,635,830 from $58,620,018, and the equity-to-assets ratio fell to 9.28% from 9.55%. Nonperforming assets eased to $6,394,128 from $6,487,202. Crossroads Bank exceeded all regulatory requirements for “well capitalized” status. Quarterly dividends paid rose to $0.33 per share from $0.31 a year earlier.

12 points · 0 major

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It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

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0 major · 8 points

How the balance works

Positive

• Moderate pointQuarterly net income rose to $1,919,877 from $1,517,879 a year earlier.
• Moderate pointQuarterly net interest income increased to $5,165,966 from $4,514,453 a year earlier.
• Moderate pointNet interest margin widened to 3.44% from 3.23% in the prior-year quarter.
• Minor pointQuarterly basic and diluted EPS increased to $1.77 from $1.40 a year earlier.
• Minor pointQuarterly noninterest income increased to $1,414,611 from $1,268,328 a year earlier.

7 minor points

• Minor pointQuarterly interest expense decreased to $2,561,976 from $2,634,111 a year earlier.
• Minor pointAnnualized return on average assets increased to 1.24% from 1.06% in the prior-year quarter.
• Minor pointAnnualized return on average common equity increased to 12.93% from 11.90% in the prior-year quarter.
• Minor pointQuarterly dividends paid increased to $0.33 per common share from $0.31 a year earlier.
• Minor pointNet loans receivable increased to $450,372,894 at September 30, 2026, from $448,974,149 at June 30.
• Minor pointNonperforming assets declined to $6,394,128 at September 30, 2026, from $6,487,202 at June 30.
• Minor pointCrossroads Bank exceeded all applicable regulatory requirements for “well capitalized” status.

Negative

• Moderate pointShareholders’ equity fell to $56,635,830 at September 30, 2026, from $58,620,018 at June 30.
• Moderate pointAccumulated other comprehensive loss widened to $11,696,334 at September 30, 2026, from $8,136,041 at June 30.
• Moderate pointCash and cash equivalents fell to $24,964,673 at September 30, 2026, from $29,246,827 at June 30.
• Minor pointQuarterly noninterest expense increased to $4,274,004 from $4,002,279 a year earlier.
• Minor pointEquity-to-assets ratio declined to 9.28% at September 30, 2026, from 9.55% at June 30.

3 minor points

• Minor pointTotal assets declined to $610,142,972 at September 30, 2026, from $613,963,482 at June 30.
• Minor pointTotal deposits decreased to $539,274,508 at September 30, 2026, from $540,560,734 at June 30.
• Minor pointQuarterly income tax expense increased to $311,696 from $187,623 a year earlier.

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WABASH, Ind., Oct. 28, 2026 (GLOBE NEWSWIRE) -- FFW Corporation (the “Corporation”) (OTCID: FFWC) (10/27/26 Close: $53.17), parent corporation of Crossroads Bank (the “Bank”), announced earnings for the quarter ended September 30, 2026.

For the three months ended September 30, 2026, the Corporation reported net income of $1,920,000 or $1.77 per common share compared to $1,518,000 or $1.40 per common share for the three months ended September 30, 2025. Net interest income for the three months ended September 30, 2026 was $5,166,000 compared to $4,514,000 for the three months ended September 30, 2025. Credit loss expense was $75,000 for the three months ended September 30, 2026 and for the three months ended September 30, 2025. Total noninterest income was $1,415,000 for the three months ended September 30, 2026 compared to $1,268,000 for the three months ended September 30, 2025. Noninterest expense was $4,274,000 for the three months ended September 30, 2026 and $4,002,000 for the three months ended September 30, 2025.

The three months ended September 30, 2026 represented a return on average common equity of 12.93% compared to 11.90% for the three months ended September 30, 2025. The three months ended September 30, 2026 represented a return on average assets of 1.24% compared to 1.06% for the three months ended September 30, 2025.

The allowance for credit losses as a percentage of gross loans receivable was 1.34% at September 30, 2026 compared to the same 1.34% at September 30, 2025. Nonperforming assets were $6,394,000 at September 30, 2026 compared to $6,487,000 at June 30, 2026.

As of September 30, 2026, FFWC’s equity-to-assets ratio was 9.28% compared to 9.55% at June 30, 2026. Total assets at September 30, 2026 were $610,143,000 compared to $613,963,000 at June 30, 2026. Shareholders’ equity was $56,636,000 at September 30, 2026 compared to $58,620,000 at June 30, 2026. Crossroads Bank exceeds all applicable regulatory requirements to be considered “well capitalized.”

The Corporation has an active share repurchase program. During the quarter ended September 30, 2026, the Corporation repurchased 705 shares at an average price of $53.50. 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 “expects,” “intends,” “believes,” and “should,” 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’s stock is traded on the OTC Markets under the symbol “FFWC.” Our website address is www.crossroadsbanking.com. Crossroads Bank, Member FDIC.

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

FFW Corporation
Selected Financial Information
Consolidated Balance Sheet
	September 30			June 30
		2026			2026
	Unaudited
Assets
Cash and due from financial institutions	$	4,659,482		$	6,007,638
Interest-bearing deposits in other financial institutions		20,305,191			23,239,189
Cash and cash equivalents		24,964,673			29,246,827
Securities available for sale		99,513,453			101,548,808
Loans held for sale		854,983			1,185,099
Loans receivable, net of allowance for credit losses of $6,113,960 at September 30, 2026 and $6,032,597 at June 30, 2026		450,372,894			448,974,149
Federal Home Loan Bank stock, at cost		1,748,800			1,748,800
Accrued interest receivable		3,125,992			3,118,061
Premises and equipment, net		7,592,777			7,407,812
Mortgage servicing rights		1,246,144			1,172,373
Cash surrender value of life insurance		13,783,996			13,653,541
Goodwill		1,213,898			1,213,898
Repossessed Assets		18,862			18,862
Other assets		5,706,500			4,675,252
Total assets	$	610,142,972		$	613,963,482
Liabilities and shareholders' equity
Deposits
Noninterest-bearing	$	55,198,373		$	54,001,013
Interest-bearing		484,076,135			486,559,721
Total deposits		539,274,508			540,560,734
Borrowings		10,000,000			10,000,000
Accrued expenses and other liabilities		4,232,634			4,782,730
Total liabilities		553,507,142			555,343,464
Shareholders' equity
Common stock, $.01 par; 2,000,000 shares authorized; Issued: 1,836,328; outstanding: 1,083,464 at September 30, 2026 and 1,084,169 at June 30, 2026		18,363			18,363
Additional paid-in capital		10,396,019			10,344,530
Retained earnings		72,714,014			71,151,680
Accumulated other comprehensive income (loss)		(11,696,334	)		(8,136,041	)
Treasury stock, at cost: 752,864 at September 30, 2026 and
752,159 at June 30, 2026		(14,796,232	)		(14,758,514	)
Total shareholders' equity		56,635,830			58,620,018
Total liabilities and shareholders' equity	$	610,142,972		$	613,963,482

FFW Corporation
Selected Financial Information
Consolidated Statement of Income
	Three Months Ended September 30
	2026			2025
	Unaudited			Unaudited
Interest and dividend income:
Loans, including fees	$	6,570,080		$	6,120,085
Taxable securities		510,273			564,446
Tax exempt securities		386,888			397,230
Other		260,701			66,803
Total interest and dividend income		7,727,942			7,148,564
Interest expense:
Deposits		2,453,332			2,367,867
Borrowings		108,644			266,244
Total interest expense		2,561,976			2,634,111
Net interest income		5,165,966			4,514,453
Provision for credit losses		75,000			75,000
Net interest income after provision for		5,090,966			4,439,453
credit losses
Noninterest income:
Net gains on sales of loans		118,242			154,391
Net gains (losses) on fixed assets		-			25,527
Net gains (losses) on sales of REO		-			-
Commission income		530,775			418,566
Service charges and fees		310,421			250,839
Earnings on life insurance		130,455			112,807
Other		323,437			306,198
Total noninterest income		1,414,611			1,268,328
Noninterest expense:
Salaries and benefits		2,261,602			2,038,487
Occupancy and equipment		308,619			307,116
Professional		226,090			154,881
Marketing		118,979			106,748
Deposit insurance premium		94,728			102,000
Regulatory assessment		11,121			11,018
Correspondent bank charges		18,123			26,473
Data processing		697,027			653,892
Printing, postage and supplies		78,957			69,435
Expense on life insurance		30,172			28,944
Contribution expense		1,944			7,500
Expense on REO		-			2,042
Other		426,642			493,743
Total noninterest expense		4,274,004			4,002,279
Income before income taxes		2,231,573			1,705,502
Income tax expense		311,696			187,623
Net income	$	1,919,877		$	1,517,879

FFW Corporation
Selected Financial Information
Key Balances and Ratios
		Three Months Ended September 30
			2026			2025
		Unaudited			Unaudited
Per common share data:
Earnings		$1.77			$1.40
Diluted earnings		$1.77			$1.40
Dividends paid		$0.33			$0.31
Average shares issued and outstanding			1,083,839			1,087,307
Shares outstanding end of period			1,083,464			1,087,250
Supplemental data:
Net interest margin **			3.44%			3.23%
Return on average assets ***			1.24%			1.06%
Return on average common equity ***			12.93%			11.90%
		September 30			June 30
			2026			2026
Nonperforming assets *		$6,394,128			$6,487,202
Repossessed assets		$18,862			$18,862
*	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

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were FFWC’s earnings for the quarter ended September 30, 2026?

FFW reported net income of $1,919,877 and basic and diluted earnings of $1.77 per common share. In the quarter ended September 30, 2025, net income was $1,517,879 and basic and diluted earnings were $1.40 per common share.

How did FFWC’s credit loss provision and loan allowance compare with a year earlier?

The quarterly provision for credit losses remained $75,000, unchanged from the quarter ended September 30, 2025. The allowance for credit losses was 1.34% of gross loans receivable at September 30, 2026, also unchanged from September 30, 2025.

How many shares did FFWC repurchase during the quarter ended September 30, 2026?

FFW repurchased 705 shares at an average price of $53.50 during the quarter ended September 30, 2026. The corporation has an active share repurchase program and may suspend or discontinue repurchases at any time.