FFB Bancorp (FFBB) Q3 2025 earnings summary

Executive summary

• Net income for Q3 2025 was $6.24M ($2.06/diluted share), up 3% sequentially but down 27% year-over-year.

• For the nine months ended September 30, 2025, net income was $20.37M ($6.57/diluted share), down from $24.43M ($7.68/diluted share) in the same period of 2024.

• Book value per common share rose 6% sequentially and 17% year-over-year to $60.04.

• Loan and deposit portfolios grew, and a Chief Banking Officer was hired to support growth strategy.

Financial highlights

• Operating revenue for Q3 2025 was $23.49M, down 14% sequentially and 8% year-over-year.

• Pre-tax, pre-provision income for Q3 2025 was $9.22M, down 20% sequentially and 27% year-over-year.

• Net interest income before provision for credit losses was $18.05M, up 2% year-over-year but flat sequentially.

• Non-interest income for Q3 2025 was $5.44M, down from $7.62M a year ago and $9.24M last quarter, mainly due to lower merchant services revenue.

• Merchant services revenue dropped 42% year-over-year and 51% sequentially due to ISO partner exits and seasonal factors.

• Non-interest expense for Q3 2025 was $14.27M, down 9% sequentially but up 12% year-over-year, driven by higher salaries, benefits, and compliance costs.

Outlook and guidance

• Management expects to replace lost ISO partner volume and revenue through growth in FFB Payments and remaining ISO partners.

• New Merchant Services policy allows onboarding of high-risk verticals, aiming to support all risk tiers while maintaining compliance.

• Further reductions in floating loan rates may occur into 2026, potentially easing borrower pressure.