FFB Bancorp, formerly known as Communities First Financial Corporation, the parent company of FFB Bank, today reported net income increased 52% to $9.42 million, or $2.97 per diluted share, for the second quarter of 2023, compared to $6.21 million, or $1.84 per diluted share, for the second quarter of 2022, and increased 22% compared to $7.70 million, or $1.98 per diluted share, for the first quarter of 2023. Second quarter 2023 results were highlighted by continued net interest margin expansion, which improved to 5.09% at June 30, 2023. For the first six months of 2023, net income increased 43% to $17.12 million, or $5.40 per diluted share, compared to $12.00 million, or $3.82 per diluted share, for the first six months of 2022. All results are unaudited.

We would like to extend a huge thank you to the FFB Bank team, our customers, the board of directors, and our investors for helping us to achieve these record earnings. Your support and hard work is what continues to make the bank’s success possible every day!

Want to learn more? Read on about FFB Bank’s second quarter earnings.