FFW Corporation Q ended June 30 net interest income rises on higher loan balances
FFWC•Outlook
- Company did not provide specific guidance or outlook for future periods
Overview
- US community bank's quarter ended June 30 net income and EPS rose yr/yr
- Q2 net interest income and noninterest income increased from prior year
- Company repurchased 1,255 shares in Q2 at average price of $50.50
Key details
| Metric | Actual |
|---|---|
| Q ended June 30 Net Interest Margin | 3.29% |
Result Drivers
- Net interest income - For the quarter ended June 30, net interest income increased yr/yr, supported by higher loan balances and improved net interest margin
- Noninterest income - For the quarter ended June 30, noninterest income rose, driven by higher service charges and commission income
- Credit loss provision - Co increased provision for credit losses to $150,000 in quarter ended on June 30 from $75,000 yr/yr, reflecting more cautious credit risk management
