FFW Corporation Q3 net income rises
Overview
Indiana community bank's Q3 net income and EPS rose yr/yr
Net interest income and noninterest income increased from prior year period
Company repurchased 705 shares during the quarter under its active buyback program
Outlook
Company did not provide specific financial guidance for future quarters or the full year
Result Drivers
NET INTEREST INCOME - Co said net interest income increased to $5.17 mln from $4.51 mln in prior yr qtr
NONINTEREST INCOME - Co reported higher noninterest income at $1.42 mln vs $1.27 mln in prior yr qtr
NET INTEREST MARGIN - Net interest margin rose to 3.44% from 3.23% in prior yr qtr
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Net Interest Margin | 3.44% |
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)