FFW Corporation Announces Quarterly Cash Dividend

Rhea-AI Summary

FFW (FFWC) has declared a quarterly cash dividend of $0.30 per share, payable on December 27, 2024, to shareholders of record as of December 13, 2024. The company's stock book value was $44.40 per share as of October 31, 2024, with the last reported trading price at $39.00 per share on November 26, 2024.

The reported total assets of $571.1 million and shareholders' equity of $49.3 million as of October 31, 2024, with 1,111,668 outstanding shares. FFW operates through its subsidiary Crossroads Bank, providing banking services across seven Indiana locations, along with leasing and insurance services.

Positive

• Consistent quarterly dividend payment of $0.30 per share
• Strong asset base of $571.1 million
• Healthy shareholders' equity of $49.3 million
• Book value ($44.40) higher than current trading price ($39.00), indicating potential undervaluation

Negative

• None.

WABASH, Ind., Dec. 04, 2024 (GLOBE NEWSWIRE) -- FFW Corporation (OTC PINK: FFWC) (11/26/24 Close: $39.00), parent corporation of Crossroads Bank, has approved a quarterly cash dividend of $0.30 per share of common stock. The dividend is payable December 27, 2024, to shareholders of record on December 13, 2024.

The book value of FFW Corporation stock was $44.40 per share as of October 31, 2024. The last reported trade of stock at the close of business on November 26, 2024, was $39.00 per share and the number of outstanding shares was 1,111,668 as of the same date. On October 31, 2024, the corporation had assets of $571.1 million and shareholders' equity of $49.3 million. The Board of FFW Corporation and Crossroads Bank will continue to evaluate the payment of a dividend on a quarterly basis.

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
Autumn Teeple
Controller
(260) 563-3185

SOURCE: FFW Corporation

FAQ

What is FFW 's (FFWC) latest quarterly dividend amount?

FFW announced a quarterly cash dividend of $0.30 per share, payable on December 27, 2024.

What is FFW 's (FFWC) current book value per share?

FFW 's book value per share was $44.40 as of October 31, 2024.

What are FFW 's (FFWC) total assets as of October 2024?

FFW reported total assets of $571.1 million as of October 31, 2024.

When is FFW 's (FFWC) next dividend payment date?

FFW 's dividend will be paid on December 27, 2024, to shareholders of record as of December 13, 2024.