FFB Bancorp (FFBB) investor relations material

Executive summary

• Reported net income of $70.0 million for Q2 2025, up from $60.8 million in Q2 2024, and $121.3 million for the first half of 2025, up from $111.5 million year-over-year.

• Earnings per diluted share were $0.73 for Q2 2025 and $1.27 for the first half, both higher than prior year periods.

• Announced a pending $325 million acquisition of Westfield Bancorp, expected to close in Q4 2025, and completed the Agile Premium Finance acquisition in Q1 2024.

• Recognized as #1 in American Banker's top-performing public banks under $2B in assets and #34 in S&P Global's 100 best-performing US community banks under $3B.

Financial highlights

• Net interest income for Q2 2025 was $158.3 million, up 6% sequentially; net interest margin (FTE) was 4.05%, up 17 bps from Q1 2025.

• Noninterest income rose 33% sequentially to $68.1 million, driven by higher gains on loan sales, leasing income, and foreign exchange.

• Noninterest expense was $128.7 million in Q2 2025, up 0.5% from Q1, mainly due to higher professional services and marketing costs.

• Total assets reached $18.6 billion, loans and leases $11.8 billion, deposits $14.4 billion, and shareholders' equity $2.6 billion at June 30, 2025.

• Net interest income before provision for credit losses increased 5% year-over-year to $18.11M, but fell 4% sequentially.

Outlook and guidance

• Expects the Westfield Bancorp acquisition to close in Q4 2025, expanding presence in Northeast Ohio.

• Management continues to focus on organic growth, capital deployment, and strategic acquisitions.

• Management expects near-term performance impacts from resource allocation to address Consent Order, but anticipates long-term benefits from enhanced compliance and risk framework.