FFed Financial Corp Reports Record Earnings

Date: October 23, 2026
FOR IMMEDIATE RELEASE:
CONTACT: 330-364-7777
Matt A. Miller, President & CEO Greg W. Dorris, Executive Vice President & CFO
mmiller@firstfed.com gdorris@firstfed.com
FFD Financial Corporation Reports Record Earnings For
Three-Months Ended September 30, 2026
DOVER, OHIO - FFD Financial Corporation (OTC: FFDF), parent company of First Federal Community Bank, National Association, is pleased to report financial results for the three-months ended September 30, 2026. (The following information is unaudited and subject to change).
Highlights:
• Net income was $4.9 million, or diluted earnings per share of $1.69 for the three-months ended September 30, 2026.
• Return on average assets was 1.95% and return on average equity was 22.16% for the three-months ended September 30, 2026.
• Total assets increased 3.3%, net loans increased 1.2%, and total deposits increased 3.8% since fiscal year end June 30, 2026.
• Current book value is $30.71 per share. Shareholders’ equity increased 1.1% since last fiscal year end June 30, 2026. The increase was primarily attributable to current earnings, and partially offset by unfavorable mark-to-market adjustment to the Bank’s securities portfolio resulting from higher interest rates. The closing share price on September 30, 2026 was $48.99 and represents a Price to Book trading ratio of 160%. The Price to Earnings multiple for the three-month period ending September 30, 2026 is 7.2.
• The bank continued to experience excellent credit quality as (i) delinquency as a percentage of total loans was 0.07%, (ii) non-performing assets as a percentage of total assets was 0.05%, (iii) net charge offs (recoveries) to total loans was 0.00%, (iv) and the bank’s Allowance for Credit Losses to Total Loans ratio was 1.00% for the period ending September 30, 2026.
• First Federal’s capital ratios exceeded regulatory guidelines for a well-capitalized financial institution under the Basel III regulatory requirements.
Income Statement Details:
• Net interest income before provision increased 18.8% from the comparable three-month period ending September 30, 2025, due to asset growth.
• Provision for Credit Losses totaled $100,000 for the three-month period ended September 30, 2026, primarily due to loan growth.
• Noninterest income increased by 19.6% compared to the comparable three-month period ending September 30, 2025. Higher fee income was principally due to deposit account growth, and mortgage banking fee income from sold residential loans and retained servicing rights.
• Noninterest expenses increased 6.0% compared to the comparable three-month period ending September 30, 2025. The Bank’s compensation expense rose as expected, primarily due to wage inflation and additional hiring. Additionally, non-interest expense items were up due to new account growth and the new Canton, OH financial center location.
FFD Financial Corporation is a bank holding company for First Federal Community Bank, National Association. First Federal was named a Great Place to Work in December 2019 and has continued to be certified for 7 years. The bank also continues to maintain a Bauer Financial 5-Star Superior rating, denoting the highest level of strength, safety, and performance. First Federal has eight full-service Ohio offices in Dover, New Philadelphia, Uhrichsville, Sugarcreek, Berlin, Mt. Hope, Canton and @ firstfed.com.