
Overview
Banking firm's Q4 net income rose yr/yr, driven by higher net interest income
Noninterest income declined slightly, while noninterest expenses increased in Q4
Company continued share repurchase program, buying 1,408 shares in Q4
Outlook
FFW Corporation did not provide specific guidance for future quarters or the full year
Result Drivers
NET INTEREST INCOME - Significant increase in net interest income to $4.664 mln from $3.994 mln in the prior year, contributing to higher net income
CREDIT LOSS PROVISION - Increased provision for credit losses to $100,000 from $75,000 in the prior year, reflecting cautious credit management
NONINTEREST INCOME DECLINE - Noninterest income decreased to $1.161 mln from $1.259 mln, partially offsetting gains from net interest income
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Net Interest Margin |
| 3.29% |
|
Press Release: ID:nGNXb7jpjs
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