FFW Corporation Announces Earnings for the Quarter Ended December 31, 2025
MWN-AI** Summary
FFW Corporation (OTCID: FFWC) reported its earnings for the quarter ending December 31, 2025, showcasing significant growth over the previous year. The Corporation, the parent of Crossroads Bank, achieved a net income of $1.617 million, or $1.48 per common share, compared to $1.440 million, or $1.29 per share, in the same quarter of 2024. This reflects a solid year-over-year improvement.
Net interest income surged to $4.664 million in Q4 2025, up from $3.994 million in Q4 2024, indicating a robust expansion in lending operations. However, credit loss expenses also increased, totaling $100,000 for the quarter, up from $75,000 a year ago. Total noninterest income slightly decreased to $1.161 million from $1.259 million, while noninterest expenses increased to $3.909 million compared to $3.578 million in 2024.
For the six months ending December 31, 2025, FFW Corporation reported a net income of $3.135 million, or $2.88 per share, compared to $2.682 million, or $2.38 per share, for the same period in 2024. Net interest income for this semiannual period rose to $9.179 million from $7.776 million in the prior year. The allowance for credit losses represented 1.33% of gross loans receivable, reflecting stability in credit quality.
FFW Corporation demonstrated strong capitalization, with an equity-to-assets ratio of 9.44% and total assets of approximately $584.76 million. The institution remains "well capitalized," exceeding regulatory requirements. The Corporation's share repurchase program continues to be active, having repurchased 1,408 shares in the quarter at an average price of $44.87.
Overall, the financial results underscore FFW Corporation's growth trajectory and ability to generate value for its shareholders amid changing market conditions.
MWN-AI** Analysis
FFW Corporation (OTCID: FFWC) has reported encouraging earnings for the quarter ending December 31, 2025, showcasing a marked improvement over the previous year. Net income rose to $1,617,000 ($1.48 per share), a notable increase from $1,440,000 ($1.29 per share) during the same period in 2024. This growth is indicative of the Corporation's solid performance and effective management strategies.
A key highlight is the significant uptick in net interest income, reaching $4.66 million compared to $3.99 million year-over-year. This increase stems from a strong loan portfolio that reflects an effective strategy in interest rate management. However, the increase in credit loss expenses to $100,000 raises some caution, though it is manageable considering the growth in assets and gross loans receivable.
Noninterest expenses have also seen an upward trend, rising to $3.91 million, which warrants investor attention as managing these costs will be crucial for maintaining profitability margins. The return on average assets at 1.11% and return on average equity at 11.77% remains impressive and ultimately positions FFWC favorably against industry benchmarks.
Overall, the Corporation has a robust share repurchase program, indicating confidence in its future prospects. The share buyback could create upward pressure on the stock price. The equity-to-assets ratio of 9.44% also signifies sound financial health, reinforcing the Corporation's well-capitalized status.
Investors should keep a close watch on the progression of credit loss provisions and noninterest expenses in upcoming quarters. With current volatility and uncertainties in the financial sector, prudent investment strategies focusing on both growth potential and risk assessment appear warranted. At a closing price of $47.65, FFW Corporation represents a reasonable entry point for value-driven investors seeking exposure to the financial services sector amidst a backdrop of improving fundamentals.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
WABASH, Ind., Jan. 28, 2026 (GLOBE NEWSWIRE) -- FFW Corporation (the “Corporation”) (OTCID: FFWC) (01/27/2026 Close: $47.65), parent corporation of Crossroads Bank (the “Bank”), announced earnings for the quarter ended December 31, 2025.
For the three months ended December 31, 2025, the Corporation reported net income of $1,617,000 or $1.48 per common share compared to $1,440,000 or $1.29 per common share for the three months ended December 31, 2024. Net interest income for the three months ended December 31, 2025 was $4,664,000,000 compared to $3,994,000 for the three months ended December 31, 2024. Credit loss expense was $100,000 for the three months ended December 31, 2025 and $75,000 for the three months ended December 31, 2024. Total noninterest income was $1,161,000 for the three months ended December 31, 2025 compared to $1,259,000 for the three months ended December 31, 2024. Noninterest expense was $3,909,000 for the three months ended December 31, 2025 and $3,578,000 for the three months ended December 31, 2024.
For the six months ended December 31, 2025, the Corporation reported net income of $3,135,000 or $2.88 per common share compared to $2,682,000 or $2.38 per common share for the six months ended December 31, 2024. Net interest income for the six months ended December 31, 2025 was $9,179,000 compared to $7,776,000 for the six months ended December 31, 2024. The Company recognized a provision for credit losses of $175,000 for the six months ended December 31, 2025 and $75,000 for the six months ended December 31, 2024. Total noninterest income was $2,429,000 for the six months ended December 31, 2025 compared to $2,540,000 for the six months ended December 31, 2024. Noninterest expense was $7,911,000 for the six months ended December 31, 2025 and $7,273,000 for the six months ended December 31, 2024.
The three and six months ended December 31, 2025 represented a return on average common equity of 11.77% and 11.83% compared to 11.36% and 10.67% for the three and six months ended December 31, 2024. The three and six months ended December 31, 2025 represented a return on average assets of 1.11% and 1.09% compared to 0.99% and 0.93% for the three and six months ended December 31, 2024.
The allowance for credit losses as a percentage of gross loans receivable was 1.33% at December 31, 2025 compared to 1.35% at June 30, 2025. Nonperforming assets were $6,908,000 at December 31, 2025 compared to $8,147,000 at June 30, 2025.
As of December 31, 2025, FFWC’s equity-to-assets ratio was 9.44% compared to 8.76% at June 30, 2025. Total assets at December 31, 2025 were $584,760,000 compared to $570,108,000 at June 30, 2025. Shareholders’ equity was $55,209,000 at December 31, 2025 compared to $49,944,000 at June 30, 2025. Crossroads Bank exceeds all applicable regulatory requirements to be considered “well capitalized.”
The Corporation has an active share repurchase program. During the quarter ended December 31, 2025, the Corporation repurchased 1,408 shares at an average price of $44.87. Year to date the Corporation repurchased 2,137 shares at an average price of $43.21. 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.
| FFW Corporation Selected Financial Information | ||||||
| Consolidated Balance Sheet | ||||||
| December 31 | June 30 | |||||
| 2025 | 2025 | |||||
| Unaudited | ||||||
| Assets | ||||||
| Cash and due from financial institutions | $ | 6,816,789 | $ | 7,166,023 | ||
| Interest-bearing deposits in other financial institutions | 3,921,097 | 3,649,597 | ||||
| Cash and cash equivalents | 10,737,886 | 10,815,620 | ||||
| Securities available for sale | 105,061,355 | 103,067,093 | ||||
| Loans held for sale | 640,500 | 314,800 | ||||
| Loans receivable, net of allowance for credit losses of $5,886,040 | ||||||
| at December 31, 2025 and $5,703,128 at June 30, 2025 | 435,325,539 | 422,829,649 | ||||
| Federal Home Loan Bank stock, at cost | 1,748,800 | 1,739,500 | ||||
| Accrued interest receivable | 3,180,451 | 3,055,402 | ||||
| Premises and equipment, net | 7,595,174 | 7,602,679 | ||||
| Mortgage servicing rights | 1,019,308 | 1,072,056 | ||||
| Cash surrender value of life insurance | 13,399,137 | 13,165,670 | ||||
| Goodwill | 1,213,898 | 1,213,898 | ||||
| Repossessed Assets | - | 38,560 | ||||
| Other assets | 4,837,735 | 5,192,615 | ||||
| Total assets | $ | 584,759,783 | $ | 570,107,542 | ||
| Liabilities and shareholders' equity | ||||||
| Deposits | ||||||
| Noninterest-bearing | $ | 50,270,376 | $ | 52,521,124 | ||
| Interest-bearing | 459,865,042 | 453,607,241 | ||||
| Total deposits | 510,135,418 | 506,128,365 | ||||
| Borrowings | 14,900,000 | 10,000,000 | ||||
| Accrued expenses and other liabilities | 4,515,714 | 4,035,448 | ||||
| Total liabilities | 529,551,132 | 520,163,813 | ||||
| Shareholders' equity | ||||||
| Common stock, $.01 par; 2,000,000 shares authorized; | ||||||
| Issued: 1,836,328; outstanding: 1,085,842 at December 31, 2025 and 1,082,978 at June 30, 2025 | 18,363 | 18,363 | ||||
| Additional paid-in capital | 10,239,477 | 10,233,608 | ||||
| Retained earnings | 68,373,991 | 65,911,649 | ||||
| Accumulated other comprehensive income (loss) | (8,747,938 | ) | (11,560,272 | ) | ||
| Treasury stock, at cost:750,486 at December 31, 2025 and | ||||||
| 753,350 at June 30, 2025 | (14,675,242 | ) | (14,659,619 | ) | ||
| Total shareholders' equity | 55,208,651 | 49,943,729 | ||||
| Total liabilities and shareholders' equity | $ | 584,759,783 | $ | 570,107,542 |
| FFW Corporation Selected Financial Information | ||||||||||||
| Consolidated Statement of Income | ||||||||||||
| Three Months Ended December 31 | Six Months Ended December 31 | |||||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||||
| Unaudited | Unaudited | Unaudited | Unaudited | |||||||||
| Interest and dividend income: | ||||||||||||
| Loans, including fees | $ | 6,222,131 | $ | 5,759,713 | $ | 12,342,216 | $ | 11,490,780 | ||||
| Taxable securities | 531,607 | 537,113 | 1,096,053 | 1,074,663 | ||||||||
| Tax exempt securities | 398,895 | 411,872 | 796,125 | 817,709 | ||||||||
| Other | 69,958 | 187,210 | 136,761 | 381,632 | ||||||||
| Total interest and dividend income | 7,222,591 | 6,895,908 | 14,371,155 | 13,764,784 | ||||||||
| Interest expense: | ||||||||||||
| Deposits | 2,367,539 | 2,901,835 | 4,735,406 | 5,989,166 | ||||||||
| Borrowings | 190,994 | 14 | 457,238 | 14 | ||||||||
| Total interest expense | 2,558,532 | 2,901,849 | 5,192,644 | 5,989,180 | ||||||||
| Net interest income | 4,664,059 | 3,994,059 | 9,178,511 | 7,775,604 | ||||||||
| Provision for credit losses | 100,000 | 75,000 | 175,000 | 75,000 | ||||||||
| Net interest income after provision for | ||||||||||||
| credit losses | 4,564,059 | 3,919,059 | 9,003,511 | 7,700,604 | ||||||||
| Noninterest income: | ||||||||||||
| Net gains on sales of loans | 101,686 | 141,322 | 256,077 | 239,334 | ||||||||
| Net gains (losses) on fixed assets | - | 35,238 | 25,527 | 35,238 | ||||||||
| Net gains (losses) on sales of REO | (2,076 | ) | - | (2,076 | ) | (684 | ) | |||||
| Commission income | 433,621 | 452,309 | 852,187 | 936,389 | ||||||||
| Service charges and fees | 187,965 | 208,986 | 438,804 | 465,519 | ||||||||
| Earnings on life insurance | 120,660 | 110,593 | 233,467 | 218,272 | ||||||||
| Other | 319,043 | 310,600 | 625,241 | 645,474 | ||||||||
| Total noninterest income | 1,160,898 | 1,259,048 | 2,429,227 | 2,539,542 | ||||||||
| Noninterest expense: | ||||||||||||
| Salaries and benefits | 2,039,308 | 2,004,047 | 4,077,795 | 4,045,660 | ||||||||
| Occupancy and equipment | 311,941 | 311,383 | 619,057 | 633,457 | ||||||||
| Professional | 134,926 | 193,931 | 289,807 | 336,682 | ||||||||
| Marketing | 119,710 | 103,762 | 226,458 | 194,203 | ||||||||
| Deposit insurance premium | 102,000 | 75,000 | 204,000 | 162,261 | ||||||||
| Regulatory assessment | 11,019 | 11,569 | 22,037 | 19,282 | ||||||||
| Correspondent bank charges | 25,764 | 24,055 | 52,237 | 46,554 | ||||||||
| Data processing | 606,685 | 494,887 | 1,260,577 | 963,476 | ||||||||
| Printing, postage and supplies | 80,286 | 84,644 | 149,721 | 156,852 | ||||||||
| Expense on life insurance | 28,944 | (82,096 | ) | 57,888 | (47,553 | ) | ||||||
| Contribution expense | 2,917 | 9,601 | 10,417 | 19,102 | ||||||||
| Expense on REO | 291 | - | 2,333 | - | ||||||||
| Other | 445,087 | 347,235 | 938,830 | 743,467 | ||||||||
| Total noninterest expense | 3,908,879 | 3,578,018 | 7,911,157 | 7,273,443 | ||||||||
| Income before income taxes | 1,816,078 | 1,600,089 | 3,521,581 | 2,966,703 | ||||||||
| Income tax expense | 198,947 | 160,565 | 386,570 | 284,493 | ||||||||
| Net income | $ | 1,617,131 | $ | 1,439,524 | $ | 3,135,011 | $ | 2,682,210 |
| FFW Corporation Selected Financial Information | |||||||||||||
| Key Balances and Ratios | |||||||||||||
| Three Months Ended December 31 | Six Months Ended December 31 | ||||||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||||||
| Unaudited | Unaudited | Unaudited | Unaudited | ||||||||||
| Per common share data: | |||||||||||||
| Earnings | $ | 1.48 | $ | 1.29 | $ | 2.88 | $ | 2.38 | |||||
| Diluted earnings | $ | 1.48 | $ | 1.29 | $ | 2.88 | $ | 2.38 | |||||
| Dividends paid | $ | 0.31 | $ | 0.30 | $ | 0.62 | $ | 0.60 | |||||
| Average shares issued and outstanding | 1,086,396 | 1,112,282 | 1,086,852 | 1,127,300 | |||||||||
| Shares outstanding end of period | 1,085,842 | 1,100,198 | 1,085,842 | 1,100,198 | |||||||||
| Supplemental data: | |||||||||||||
| Net interest margin ** | 3.29 | % | 2.82 | % | 3.26 | % | 2.76 | % | |||||
| Return on average assets *** | 1.11 | % | 0.99 | % | 1.09 | % | 0.93 | % | |||||
| Return on average common equity *** | 11.77 | % | 11.36 | % | 11.83 | % | 10.67 | % | |||||
| December 31 | June 30 | ||||||||||||
| 2025 | 2025 | ||||||||||||
| Nonperforming assets * | $ | 6,908,238 | $ | 8,147,342 | |||||||||
| Repossessed assets | $ | 0 | $ | 38,560 | |||||||||
| * | 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 | ||||||||||||
FOR MORE INFORMATION Contact: Stacy Wiley, Treasurer, at (260) 563-3185
FAQ**
How does FFW Corp. FFWC plan to manage its increase in credit loss expense of $100,000 for Q4 2025 compared to $75,000 in Q4 2024, and what strategies are in place to mitigate future risks?
With noninterest income declining to $1,161,000 for Q4 20from $1,259,000 in Q4 2024, what initiatives is FFW Corp. FFWC implementing to diversify and enhance its noninterest income streams going forward?
Considering that FFW Corp. FFWC's return on average common equity improved to 11.77% in Q4 2025 from 11.36% in Q4 2024, what factors contributed to this growth, and how does management plan to sustain or enhance these returns?
While the equity-to-assets ratio for FFW Corp. FFWC increased to 9.4from 8.76% at June 30, 2025, what practices are being utilized to maintain this healthy capital position in light of potential market fluctuations?
**MWN-AI FAQ is based on asking OpenAI questions about FFW Corp. (OTC: FFWC).
NASDAQ: FFWC
FFWC Trading
0.0% G/L:
$48.50 Last:
750 Volume:
$48.50 Open:
