FFBW, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 03, 2022 at 06:19 am EDT
Share
FFBW, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported net interest income was USD 2.92 million compared to USD 2.43 million a year ago. Net income was USD 0.51 million compared to USD 0.459 million a year ago. Basic earnings per share from continuing operations was USD 0.1 compared to USD 0.07 a year ago. Diluted earnings per share from continuing operations was USD 0.1 compared to USD 0.07 a year ago.
For the nine months, net interest income was USD 8.37 million compared to USD 7.91 million a year ago. Net income was USD 1.72 million compared to USD 1.58 million a year ago. Basic earnings per share from continuing operations was USD 0.31 compared to USD 0.24 a year ago. Diluted earnings per share from continuing operations was USD 0.3 compared to USD 0.24 a year ago.
FFBW, Inc. is a holding company. The Company provides a variety of financial services to individual and corporate customers through its wholly owned subsidiary, First Federal Bank of Wisconsin (the Bank). The Bank is a community bank, which offers consumer banking, commercial banking and residential lending. Its commercial banking services include commercial checking, commercial savings, municipal deposit accounts, treasury management services, commercial loans and credit cards. Its consumer banking services include checking accounts, health savings account, savings accounts, consumer loans, credit cards, card management, online services, mobile services, Zelle and Go Green with eStatements. The Bank has four branch locations. The Bank invests in various types of liquid assets, including the United States Treasury obligations, securities of various government-sponsored enterprises and municipal governments, deposits at the Federal Home Loan Bank of Chicago.