YOUNGSTOWN, Ohio - FFY Financial Corp., the $568 million-asset holding company for First Federal Savings Bank of Youngstown, earned $1.84 million, or 32 cents per share, for its second fiscal quarter ended Dec. 31, compared with $1.9 million, or 30 cents per share, a year earlier.
The company, which went public in June 1993 and converted to a stock savings bank from a mutual, reported net income for its first six months of $3.7 million, down 14% from $4.2 million the previous year.
In November 1993, the company completed the repurchase of 331,500 of its shares at an average price of $14.04 per share. In April 1994 it completed the repurchase of 314,925 shares at an average price of $14.93 per share. And in September it announced a program to repurchase 299,411 shares, of which it already had bought 91,000 at an average price of $17.78.