Welcome to our dedicated page for FFW news (Ticker: FFWC), a resource for investors and traders seeking the latest updates and insights on FFW stock.
FFW Corporation (FFWC) reports recurring financial and shareholder updates as the parent corporation of Crossroads Bank. The bank provides banking services, investment and securities products, and leasing services through Indiana banking centers, with insurance products offered through affiliated company Insurance 1 Services, Inc.
Company news commonly covers quarterly and fiscal-year earnings, net interest income, credit loss expense, noninterest income and expense, capital ratios, asset quality measures, book value, assets, shareholders’ equity, and quarterly cash dividends on FFW Corporation common stock traded on the OTC Markets.
FFW (OTC PINK: FFWC) and Crossroads Bank have appointed Andy Bain to their Board of Directors. Bain, a Wabash native, brings extensive experience in foundry, metallurgy, and manufacturing industries to the board.
Currently serving as Foundry Manager at The Ford Meter Box Co., Bain oversees operations for the company's captive green sand foundry. His previous leadership roles include Technical Director, Quality Manager, and Supplier Metallurgical Engineer at companies like Pratt & Whitney and Firth Rixson.
Bain holds a Master of Science from the University of Wisconsin-Milwaukee and a Bachelor of Science from the University of Notre Dame. Chairman Cindy Riemersma and CEO Roger Cromer expressed enthusiasm about Bain's appointment, highlighting his leadership experience, technical expertise, and commitment to community service.
FFW (OTC PINK: FFWC) and Crossroads Bank have announced the appointment of Cynthia (Cindy) M. Riemersma as their new Board Chairman. She will succeed Dan Ford, who is set to retire in October 2025 after 20 years of board service, including 10 years as Chairman.
Riemersma, who has served as a Board Member for nine years, brings extensive leadership experience from various management positions, including roles as COO in manufacturing and ownership of three Sylvan Learning Center franchises. She has been actively involved in numerous community organizations, including the Forte Residential Stakeholder Advisory Board, Parkview's Patients Voice Community, and has held board positions with WISE, Inc., Fort Wayne Children's Zoo, and The Arc of Indiana.
FFW (FFWC) has declared a quarterly cash dividend of $0.30 per share of common stock, payable March 28, 2025, to shareholders of record on March 14, 2025. The company's stock closed at $39.00 per share on February 25, 2025, with a book value of $44.81 per share as of January 31, 2025.
The reported total assets of $562 million and shareholders' equity of $49 million as of January 31, 2025. With 1,093,501 outstanding shares, FFW operates through its subsidiary Crossroads Bank, providing banking services across six Indiana banking centers, along with leasing and insurance services.
FFW (FFWC) reported strong financial results for Q4 2024, with net income reaching $1,440,000 ($1.29 per share), up from $1,074,000 ($0.95 per share) in Q4 2023. For the six months ended December 31, 2024, net income was $2,682,000 ($2.38 per share), compared to $2,052,000 ($1.82 per share) in the same period 2023.
Key metrics showed improvement with net interest income increasing to $3,994,000 in Q4 2024 from $3,633,000 in Q4 2023. The company's return on average common equity rose to 11.36% for Q4 2024, up from 8.82% in Q4 2023. Total assets grew to $579,610,000, while maintaining a solid equity-to-assets ratio of 8.49%. The company actively repurchased 34,470 shares during Q4 at an average price of $39.52.
FFW (FFWC) announced the appointment of Stacy Wiley as Vice President and Chief Financial Officer at Crossroads Bank. Wiley brings significant expertise with a Bachelor of Science and MBA in Business Management from Purdue Fort Wayne, along with tax agent certification.
Her background includes leadership roles in Operations, Accounting, and Human Resources within the financial industry. Roger Cromer, President and CEO of Crossroads Bank, emphasized that Wiley's experience and leadership will be important for delivering innovative solutions and exceptional service.
The new CFO is noted for her community involvement and understanding of local business connections.
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.
FFW (FFWC) reported strong financial results for Q3 2024. Net income increased to $1,243,000 ($1.09 per share) from $978,000 ($0.87 per share) in Q3 2023. Net interest income rose to $3,782,000 from $3,645,000 year-over-year. Total noninterest income grew to $1,280,000 from $928,000. The company's return on average assets improved to 0.86% from 0.72%, while return on average equity increased to 9.89% from 8.87%. Total assets reached $577,077,000, with shareholders' equity at $51,258,000. During the quarter, the company repurchased 5,000 shares at an average price of $37.00.
FFW (OTC PINK: FFWC), parent of Crossroads Bank, has declared a quarterly cash dividend of $0.30 per share, payable on September 27, 2024, to shareholders of record on September 13, 2024. As of July 31, 2024, the company's book value per share was $43.43, with the stock closing at $34.50 on August 27, 2024. FFW reported assets of $561.5 million and shareholders' equity of $49.5 million as of July 31, 2024. The company operates through Crossroads Bank, offering banking services, investments, and securities products across seven Indiana locations, along with leasing and insurance services.
FFW (OTC PINK: FFWC), parent of Crossroads Bank, reported financial results for the fiscal year ended June 30, 2024. Net income for Q4 2024 was $1,118,000 ($0.99 per share), down from $1,343,000 ($1.19 per share) in Q4 2023. Full-year net income for FY2024 was $4,089,000 ($3.63 per share), compared to $5,698,000 ($5.03 per share) in FY2023.
Key financial metrics for FY2024 include:
- Net interest income: $14,477,000 (down from $16,399,000 in FY2023)
- Noninterest income: $4,144,000 (up from $4,005,000)
- Noninterest expense: $14,225,000 (up from $13,433,000)
- Return on average assets: 0.74% (down from 1.07%)
- Total assets: $567,363,000 (up from $543,245,000)
- Shareholders' equity: $48,515,000 (up from $46,385,000)
FFW (OTC PINK: FFWC), parent of Crossroads Bank, announced a quarterly cash dividend of $0.29 per share, payable on June 28, 2024, to shareholders of record as of June 14, 2024. The book value per share was $41.72 as of April 30, 2024, while the closing stock price was $34.54 on May 23, 2024, with 1,126,243 shares outstanding. As of April 30, 2024, FFW reported assets of $554.9 million and shareholders' equity of $47.0 million. The Board will continue to evaluate quarterly dividends. Crossroads Bank operates multiple banking centers and offers various financial services in Indiana.