FFW Posts Q3 Net Income of $1.92M, EPS Up 26% to $1.77
FFWC sits 71% above its 52-week low of $31.02 on elevated volume (2.1× avg).
Summary
FFW earned $1.92M in Q3, or $1.77 a share, up from $1.52M and $1.40 a year ago — roughly a 26% gain in EPS. Net interest income climbed to $5.17M from $4.51M, while noninterest income came in at $1.42M and noninterest expense rose to $4.27M from $4.00M, so cost growth ate into some of the revenue gain. Return on average equity improved to 12.93% from 11.90%, and credit looks stable with the allowance at 1.34% of loans and nonperforming assets at $6.39M. For a small OTC-listed bank, this is steady incremental improvement rather than a step change; the stock's reaction will hinge on whether the NII growth reflects real margin expansion or just volume.
At the time of this announcement, FFWC was trading at $53.17 on OTC in the Finance sector, with a market capitalization of approximately $57.6M. The 52-week trading range was $31.02 to $59.00. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.