Regional bank FFW Corporation's Q1 profit rises on higher interest income
FFW CORP FFWC | 0.00 |
Overview
US community bank's Q1 net income and EPS rose yr/yr
Net interest income increased, while noninterest income declined slightly
Company repurchased 201 shares at average price of $48.60 during the quarter
Outlook
Company did not provide specific guidance or outlook for future periods
Result Drivers
NET INTEREST INCOME - Higher net interest income driven by increased loan balances and improved net interest margin
NONINTEREST INCOME - Noninterest income declined, mainly due to lower commission income
Company press release: ID:nGNX9b7FTk
Key Details
Metric |
Beat/Miss |
Actual |
Consensus Estimate |
Q1 Net Interest Margin |
|
3.35% |
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.