First Financial Northwest, Inc. operates as the bank holding company for First Financial Northwest Bank that provides commercial banking services in Washington. The company offers a range of deposit products, including noninterest bearing accounts, interest-bearing demand accounts, money market deposit accounts, statement savings accounts, and certificates of deposit. Its loan products comprise one-to-four family residential loans; multifamily and commercial real estate loans; construction/land loans for the construction of single-family residences, condominiums, townhouses, multifamily properties, and residential developments; business loans; and consumer loans, such as home equity loans and savings account loans. The company also provides online and telephone banking services, as well as ATMs. As of December 31, 2020, it operated six retail branches in King County, five retail branches in Snohomish County, and two retail branches in Pierce County, Washington. First Financial Northwest, Inc. was founded in 1923 and is headquartered in Renton, Washington.
IPO Year: 2007
Exchange: NASDAQ
Website: ffnwb.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/26/2024 | $23.50 | Overweight → Neutral | Piper Sandler |
| 1/12/2024 | $16.00 → $22.00 | Buy → Neutral | DA Davidson |
RENTON, Wash., Aug. 16, 2021 (GLOBE NEWSWIRE) -- First Financial Northwest, Inc. (the "Company") (NASDAQ GS: FFNW), the holding company for First Financial Northwest Bank (the "Bank"), today announced that the Company's Nominating and Corporate Governance Committee proposed, and the Board of Directors approved, the appointment of Cindy L. Runger to the Board of Directors of the Company effective August 13, 2021. She was also appointed to serve on the Company's Audit/Compliance/Risk Committee, Investment and Asset/Liability Committee and Internal Asset Review Committee. Ms. Runger was also appointed to the Boards of Directors of the Bank and the Company's non-financial institution subsidiar
8-K - First Financial Northwest, Inc. (0001401564) (Filer)
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8-K - First Financial Northwest, Inc. (0001401564) (Filer)
8-K - First Financial Northwest, Inc. (0001401564) (Filer)
10-K - First Financial Northwest, Inc. (0001401564) (Filer)
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8-K - First Financial Northwest, Inc. (0001401564) (Filer)
RENTON, Wash., April 21, 2025 (GLOBE NEWSWIRE) -- First Financial Northwest, Inc. (NASDAQ GS: FFNW) (the "Company") today announced that its Board of Directors has declared an initial liquidating distribution pursuant to its previously announced Plan of Dissolution in the amount of $22.00 per share, or approximately $203 million, representing approximately 95% of the anticipated proceeds to ultimately be distributed. The initial liquidating distribution will be payable on April 30, 2025, to shareholders of record as of April 23, 2025. The Company also announced that it has closed its stock transfer books and has filed a Form 25 with the Securities and Exchange Commission (the "SEC") with r
RENTON, Wash., April 11, 2025 (GLOBE NEWSWIRE) -- First Financial Northwest, Inc. (NASDAQ GS: FFNW) (the "Company"), the former holding company of First Financial Northwest Bank (the "Bank"), today announced the closing, effective April 11, 2025, of the previously announced transaction whereby Global Federal Credit Union ("Global"), headquartered in Anchorage, Alaska, acquired substantially all of the assets and assumed substantially all of the liabilities (including deposit liabilities) of First Financial Northwest Bank. In connection with the closing of the transaction, the Company received $228.7 million in cash pursuant to the Purchase and Assumption Agreement by and among the Company,
ANCHORAGE, Alaska and RENTON, Wash., March 14, 2025 (GLOBE NEWSWIRE) -- Global Federal Credit Union ("Global") and First Financial Northwest, Inc. (the "Company") (NASDAQ GS: FFNW), the holding company for First Financial Northwest Bank (the "Bank"), jointly announced today they have set the expected closing date for Global's acquisition of substantially all of the assets and assumption of substantially all of the liabilities (including deposit liabilities) of the Bank (the "Asset Sale"), on the terms and subject to the conditions of the Purchase and Assumption Agreement, dated as of January 10, 2024, by and among the Company, the Bank and Global (the "Agreement"). The Asset Sale is expect
ANCHORAGE, Alaska and RENTON, Wash., March 12, 2025 (GLOBE NEWSWIRE) -- Global Federal Credit Union ("Global") and First Financial Northwest, Inc. (the "Company") (NASDAQ GS: FFNW), the holding company for First Financial Northwest Bank (the "Bank"), jointly announced today that Global received the required regulatory approval from the National Credit Union Administration ("NCUA") for its acquisition of substantially all of the assets and assumption of substantially all of the liabilities (including deposit liabilities) of the Bank (the "Asset Sale"), on the terms and subject to the conditions of the Purchase and Assumption Agreement, dated as of January 10, 2024, by and among the Company,
RENTON, Wash., Jan. 28, 2025 (GLOBE NEWSWIRE) -- First Financial Northwest, Inc. (the "Company") (NASDAQ GS: FFNW), the holding company for First Financial Northwest Bank (the "Bank"), today reported net income for the quarter ended December 31, 2024, of $1.2 million, or $0.13 per diluted share, compared to a net loss of $608,000, or $(0.07) per diluted share, for the quarter ended September 30, 2024, and net income of $1.2 million, or $0.13 per diluted share, for the quarter ended December 31, 2023. For the twelve months ended December 31, 2024, the Company reported net income of $1.1 million, or $0.12 per diluted share, compared to net income of $6.3 million, or $0.69 per diluted share,
RENTON, Wash., Oct. 29, 2024 (GLOBE NEWSWIRE) -- First Financial Northwest, Inc. (the "Company") (NASDAQ GS: FFNW), the holding company for First Financial Northwest Bank (the "Bank"), today reported a net loss of $608,000, or $(0.07) per diluted share, for the quarter ended September 30, 2024, compared to net income of $1.6 million, or $0.17 per diluted share, for the quarter ended June 30, 2024, and net income of $1.5 million, or $0.16 per diluted share, for the quarter ended September 30, 2023. For the nine months ended September 30, 2024, the Company reported a net loss of $128,000, or $(0.01) per diluted share, compared to net income of $5.1 million, or $0.56 per diluted share, for th
RENTON, Wash., Aug. 12, 2024 (GLOBE NEWSWIRE) -- First Financial Northwest, Inc. (the "Company") (NASDAQ GS: FFNW), the holding company for First Financial Northwest Bank (the "Bank"), announced today that they received the required regulatory approval from the Federal Deposit Insurance Corporation ("FDIC") for Global Federal Credit Union ("Global") to acquire substantially all of the assets and assume substantially all of the liabilities (including deposit liabilities) of the Bank (the "Asset Sale"), on the terms and subject to the conditions of the Purchase and Assumption Agreement, dated as of January 10, 2024, by and among the Company, the Bank and Global. The Company previously announ
RENTON, Wash., July 25, 2024 (GLOBE NEWSWIRE) -- First Financial Northwest, Inc. (the "Company") (NASDAQ GS: FFNW), the holding company for First Financial Northwest Bank (the "Bank"), today reported net income of $1.6 million, or $0.17 per diluted share, for the quarter ended June 30, 2024, compared to a net loss of $1.1 million, or $(0.12) per diluted share, for the quarter ended March 31, 2024, and net income of $1.5 million, or $0.16 per diluted share, for the quarter ended June 30, 2023. For the six months ended June 30, 2024, net income was $480,000, or $0.05 per diluted share, compared to net income of $3.6 million, or $0.39 per diluted share, for the comparable period in 2023. "Du
RENTON, Wash., July 19, 2024 (GLOBE NEWSWIRE) -- First Financial Northwest, Inc. (the "Company") (NASDAQ GS: FFNW), the holding company for First Financial Northwest Bank (the "Bank"), today announced that the preliminary vote count indicates that its shareholders approved the Purchase and Assumption Agreement, dated January 10, 2024, by and among the Company, the Bank and Global Federal Credit Union ("Global"), which provides for Global's acquisition of substantially all of the assets and assumption of substantially all of the liabilities (including deposit liabilities) of the Bank (the "asset sale"). Based on the preliminary vote counts, shareholders also approved a proposal to voluntari
RENTON, Wash., May 28, 2024 (GLOBE NEWSWIRE) -- First Financial Northwest, Inc. (the "Company") (NASDAQ GS: FFNW), the holding company for First Financial Northwest Bank (the "Bank"), today announced that its Board of Directors has declared a quarterly cash dividend of $0.13 per share on the Company's outstanding common stock. The cash dividend will be payable on June 21, 2024, to shareholders of record on June 7, 2024. First Financial Northwest, Inc. is the parent company of First Financial Northwest Bank; an FDIC insured Washington State-chartered commercial bank headquartered in Renton, Washington, serving the Puget Sound Region through 15 full-service banking offices. For additional i
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Piper Sandler downgraded First Financial Northwest from Overweight to Neutral and set a new price target of $23.50
DA Davidson downgraded First Financial Northwest from Buy to Neutral and set a new price target of $22.00 from $16.00 previously
DA Davidson upgraded First Financial Northwest from Neutral to Buy
RENTON, Wash., Jan. 28, 2025 (GLOBE NEWSWIRE) -- First Financial Northwest, Inc. (the "Company") (NASDAQ GS: FFNW), the holding company for First Financial Northwest Bank (the "Bank"), today reported net income for the quarter ended December 31, 2024, of $1.2 million, or $0.13 per diluted share, compared to a net loss of $608,000, or $(0.07) per diluted share, for the quarter ended September 30, 2024, and net income of $1.2 million, or $0.13 per diluted share, for the quarter ended December 31, 2023. For the twelve months ended December 31, 2024, the Company reported net income of $1.1 million, or $0.12 per diluted share, compared to net income of $6.3 million, or $0.69 per diluted share,
RENTON, Wash., Oct. 29, 2024 (GLOBE NEWSWIRE) -- First Financial Northwest, Inc. (the "Company") (NASDAQ GS: FFNW), the holding company for First Financial Northwest Bank (the "Bank"), today reported a net loss of $608,000, or $(0.07) per diluted share, for the quarter ended September 30, 2024, compared to net income of $1.6 million, or $0.17 per diluted share, for the quarter ended June 30, 2024, and net income of $1.5 million, or $0.16 per diluted share, for the quarter ended September 30, 2023. For the nine months ended September 30, 2024, the Company reported a net loss of $128,000, or $(0.01) per diluted share, compared to net income of $5.1 million, or $0.56 per diluted share, for th
RENTON, Wash., July 25, 2024 (GLOBE NEWSWIRE) -- First Financial Northwest, Inc. (the "Company") (NASDAQ GS: FFNW), the holding company for First Financial Northwest Bank (the "Bank"), today reported net income of $1.6 million, or $0.17 per diluted share, for the quarter ended June 30, 2024, compared to a net loss of $1.1 million, or $(0.12) per diluted share, for the quarter ended March 31, 2024, and net income of $1.5 million, or $0.16 per diluted share, for the quarter ended June 30, 2023. For the six months ended June 30, 2024, net income was $480,000, or $0.05 per diluted share, compared to net income of $3.6 million, or $0.39 per diluted share, for the comparable period in 2023. "Du
RENTON, Wash., May 28, 2024 (GLOBE NEWSWIRE) -- First Financial Northwest, Inc. (the "Company") (NASDAQ GS: FFNW), the holding company for First Financial Northwest Bank (the "Bank"), today announced that its Board of Directors has declared a quarterly cash dividend of $0.13 per share on the Company's outstanding common stock. The cash dividend will be payable on June 21, 2024, to shareholders of record on June 7, 2024. First Financial Northwest, Inc. is the parent company of First Financial Northwest Bank; an FDIC insured Washington State-chartered commercial bank headquartered in Renton, Washington, serving the Puget Sound Region through 15 full-service banking offices. For additional i
RENTON, Wash., April 30, 2024 (GLOBE NEWSWIRE) -- First Financial Northwest, Inc. (the "Company") (NASDAQ GS: FFNW), the holding company for First Financial Northwest Bank (the "Bank"), today reported a net loss of $1.1 million, or $0.12 per diluted share, for the quarter ended March 31, 2024, compared to net income of $1.2 million, or $0.13 per diluted share, for the quarter ended December 31, 2023, and net income of $2.1 million, or $0.23 per diluted share, for the quarter ended March 31, 2023. "Our first quarter results were impacted by the purchase of a single premium group annuity to satisfy the Company's obligations to current and former employees covered by a legacy defined benefit
RENTON, Wash., Feb. 12, 2024 (GLOBE NEWSWIRE) -- First Financial Northwest, Inc. (the "Company") (NASDAQ GS: FFNW), the holding company for First Financial Northwest Bank (the "Bank"), today announced that its Board of Directors has declared a quarterly cash dividend of $0.13 per share on the Company's outstanding common stock. The cash dividend will be payable on March 28, 2024, to shareholders of record on March 15, 2024. First Financial Northwest, Inc. is the parent company of First Financial Northwest Bank; an FDIC insured Washington State-chartered commercial bank headquartered in Renton, Washington, serving the Puget Sound Region through 15 full-service banking offices. For addition
RENTON, Wash., Jan. 25, 2024 (GLOBE NEWSWIRE) -- First Financial Northwest, Inc. (the "Company") (NASDAQ GS: FFNW), the holding company for First Financial Northwest Bank (the "Bank"), today reported net income for the quarter ended December 31, 2023, of $1.2 million, or $0.13 per diluted share, compared to $1.5 million, or $0.16 per diluted share, for the quarter ended September 30, 2023, and $3.2 million, or $0.35 per diluted share, for the quarter ended December 31, 2022. For the year ended December 31, 2023, net income was $6.3 million, or $0.69 per diluted share, compared to net income of $13.2 million, or $1.45 per diluted share, for the year ended December 31, 2022. "Credit quality
RENTON, Wash., Nov. 13, 2023 (GLOBE NEWSWIRE) -- First Financial Northwest, Inc. (the "Company") (NASDAQ GS: FFNW), the holding company for First Financial Northwest Bank (the "Bank"), today announced that its Board of Directors has declared a quarterly cash dividend of $0.13 per share on the Company's outstanding common stock. The cash dividend will be payable on December 22, 2023, to shareholders of record on December 8, 2023. First Financial Northwest, Inc. is the parent company of First Financial Northwest Bank; an FDIC insured Washington State-chartered commercial bank headquartered in Renton, Washington, serving the Puget Sound Region through 15 full-service banking offices. For add
RENTON, Wash., Oct. 26, 2023 (GLOBE NEWSWIRE) -- First Financial Northwest, Inc. (the "Company") (NASDAQ GS: FFNW), the holding company for First Financial Northwest Bank (the "Bank"), today reported net income for the quarter ended September 30, 2023, of $1.5 million, or $0.16 per diluted share, compared to $1.5 million, or $0.16 per diluted share, for the quarter ended June 30, 2023, and $3.9 million, or $0.43 per diluted share, for the quarter ended September 30, 2022. For the nine months ended September 30, 2023, net income was $5.1 million, or $0.56 per diluted share, compared to net income of $10.0 million, or $1.10 per diluted share, for the comparable nine-month period in 2022.
RENTON, Wash., Aug. 07, 2023 (GLOBE NEWSWIRE) -- First Financial Northwest, Inc. (the "Company") (NASDAQ GS: FFNW), the holding company for First Financial Northwest Bank (the "Bank"), today announced that its Board of Directors has declared a quarterly cash dividend of $0.13 per share on the Company's outstanding common stock. The cash dividend will be payable on September 22, 2023, to shareholders of record on September 8, 2023. The Company also announced that its Board of Directors has authorized the repurchase of up to 5% of the Company's outstanding common stock, or approximately 457,000 shares, on the open market or in privately negotiated transactions, in accordance with Rule 10b-1