FFB Bancorp Q3 EPS Falls to $1.61 as Charge-Offs Climb
FFBB sits 15% above its 52-week low of $77.15 on light trading volume (0.3× avg).
Summary
Q3 EPS came in at $1.61, down from $1.88 in Q2 and $2.06 a year ago, as higher provisions and $6.41M of net charge-offs weighed on results. Net income was $4.62M. The offsetting story is the balance sheet: deposits rose $119M quarter-over-quarter with noninterest-bearing balances up $80M, cutting reliance on wholesale funding, and NIM held at 4.73%, up 2 bps. Nonperforming assets fell 21% QoQ to $35.16M, mostly SBA-guaranteed, so the credit trend is improving even though charge-offs are still elevated. The company also completed a $15.0M buyback, which returns capital but thins the equity buffer. The stock sits near its 52-week high, so the earnings decline versus last year is the number that matters here — watch whether charge-offs roll over next quarter, since that is what would turn the deposit growth into an earnings recovery.
At the time of this announcement, FFBB was trading at $89.00 on OTC in the Finance sector, with a market capitalization of approximately $253.2M. The 52-week trading range was $77.15 to $89.99. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Wiseek News.