FFW Corp Q4 net income rises on higher interest income
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FFW Corp reported a year-over-year increase in Q4 net income, primarily due to a rise in net interest income, which reached $4.664 million compared to $3.994 million last year. Noninterest income slightly declined to $1.161 million, and noninterest expenses increased. The company also continued its share repurchase program, buying 1,408 shares in Q4. A cautious approach to credit management led to an increased provision for credit losses of $100,000, up from $75,000 the previous year. No specific guidance for future quarters was provided.
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