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 |
4 - First Financial Northwest, Inc. (0001401564) (Issuer)
4 - First Financial Northwest, Inc. (0001401564) (Issuer)
4 - First Financial Northwest, Inc. (0001401564) (Issuer)
4 - First Financial Northwest, Inc. (0001401564) (Issuer)
4 - First Financial Northwest, Inc. (0001401564) (Issuer)
4 - First Financial Northwest, Inc. (0001401564) (Issuer)
4 - First Financial Northwest, Inc. (0001401564) (Issuer)
4 - First Financial Northwest, Inc. (0001401564) (Issuer)
4 - First Financial Northwest, Inc. (0001401564) (Issuer)
4 - First Financial Northwest, Inc. (0001401564) (Issuer)
10-Q - First Financial Northwest, Inc. (0001401564) (Filer)
8-K - First Financial Northwest, Inc. (0001401564) (Filer)
8-K - First Financial Northwest, Inc. (0001401564) (Filer)
10-Q - First Financial Northwest, Inc. (0001401564) (Filer)
8-K - First Financial Northwest, Inc. (0001401564) (Filer)
8-K - First Financial Northwest, Inc. (0001401564) (Filer)
DEFM14A - First Financial Northwest, Inc. (0001401564) (Filer)
8-K - First Financial Northwest, Inc. (0001401564) (Filer)
10-Q - First Financial Northwest, Inc. (0001401564) (Filer)
8-K - First Financial Northwest, Inc. (0001401564) (Filer)
SC 13G - First Financial Northwest, Inc. (0001401564) (Subject)
SC 13G - First Financial Northwest, Inc. (0001401564) (Subject)
SC 13G - First Financial Northwest, Inc. (0001401564) (Subject)
SC 13G/A - First Financial Northwest, Inc. (0001401564) (Subject)
SC 13G/A - First Financial Northwest, Inc. (0001401564) (Subject)
SC 13G/A - First Financial Northwest, Inc. (0001401564) (Subject)
SC 13G/A - First Financial Northwest, Inc. (0001401564) (Subject)
SC 13G/A - First Financial Northwest, Inc. (0001401564) (Subject)
SC 13G/A - First Financial Northwest, Inc. (0001401564) (Subject)
SC 13G/A - First Financial Northwest, Inc. (0001401564) (Subject)
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
RENTON, Washington, July 27, 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 June 30, 2023, of $1.5 million, or $0.16 per diluted share, compared to $2.1 million, or $0.23 per diluted share, for the quarter ended March 31, 2023, and $2.8 million, or $0.31 per diluted share, for the quarter ended June 30, 2022. For the six months ended June 30, 2023, net income was $3.6 million, or $0.39 per diluted share, compared to net income of $6.1 million, or $0.66 per diluted share, for the comparable six-month period in 2022. "The Bank
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., 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
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
KBRA comments on Global Credit Union's ("Global") announced agreement to acquire First Financial Northwest Bank, a wholly-owned subsidiary of First Financial Northwest, Inc. (NASDAQ:FFNW). On January 11, 2024, Anchorage, Alaska-based Global Credit Union (KBRA Senior Unsecured Debt: BBB / Negative Outlook) announced that it has entered into a definitive agreement in which Global will acquire Renton, Washington-based First Financial Northwest Bank, a wholly-owned subsidiary of First Financial Northwest, Inc. The transaction, valued at $231.2 million (1.37x P/TBV), is an all-cash deal consideration and is expected to close in 4Q24 pending regulatory approval. The acquisition is structured as
ANCHORAGE, Alaska and RENTON, Wash., Jan. 11, 2024 (GLOBE NEWSWIRE) -- Global Federal Credit Union ("Global") and First Financial Northwest, Inc. ("First Financial Northwest") (NASDAQ GS: FFNW) announced today they have entered into a definitive agreement in which Global will acquire Renton, Washington-based First Financial Northwest Bank, a wholly-owned subsidiary of First Financial Northwest. The transaction is structured as a purchase and assumption agreement with Global purchasing substantially all assets and assuming substantially all liabilities of First Financial Northwest Bank for the all-cash consideration of $231.2 million, subject to certain adjustments. The agreement has bee
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
First Financial Northwest (NASDAQ:FFNW) reported quarterly earnings of $0.17 per share which beat the analyst consensus estimate of $0.03 by 466.67 percent. This is a 6.25 percent increase over earnings of $0.16 per share from the same period last year. The company reported quarterly sales of $8.97 million which beat the analyst consensus estimate of $8.77 million by 2.28 percent. This is a 12.99 percent decrease over sales of $10.31 million the same period last year.
First Financial Northwest (NASDAQ:FFNW) reported quarterly losses of $(0.12) per share which missed the analyst consensus estimate of $0.07 by 271.43 percent. The company reported quarterly sales of $8.900 million which missed the analyst consensus estimate of $9.280 million by 4.10 percent. This is a 20.93 percent decrease over sales of $11.256 million the same period last year.
Keefe, Bruyette & Woods analyst Wood Lay maintains First Financial Northwest (NASDAQ:FFNW) with a Market Perform and raises the price target from $15 to $23.5.
First Financial Northwest (NASDAQ:FFNW) reported its Q4 earnings results on Thursday, January 25, 2024 at 09:10 AM. Here's what investors need to know about the announcement. Earnings First Financial Northwest missed estimated earnings by 7.14%, reporting an EPS of $0.13 versus an estimate of $0.14. Revenue was down $3.19 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.01 which was followed by a 6.18% increase in the share price the next day. Here's a look at First Financial Northwest's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate 0.15 0.20 0.29 0.38 EPS Actual 0.16 0.16 0.23 0.35 Revenue Estima
First Financial Northwest (NASDAQ:FFNW) reported quarterly earnings of $0.13 per share which missed the analyst consensus estimate of $0.14 by 7.14 percent. This is a 62.86 percent decrease over earnings of $0.35 per share from the same period last year.
Piper Sandler analyst Andrew Liesch maintains First Financial Northwest (NASDAQ:FFNW) with a Overweight and raises the price target from $14 to $23.5.
DA Davidson analyst Jeff Rulis downgrades First Financial Northwest (NASDAQ:FFNW) from Buy to Neutral and announces $22 price target.
U.S. stocks traded slightly lower toward the end of trading, with the Dow Jones index falling around 20 points on Thursday. The Dow traded down 0.05% to 37,675 while the NASDAQ fell 0.05% to 14,962.80. The S&P 500 also fell, dropping, 0.11% to 4,778.06. Check This Out: Top 5 Materials Stocks That Are Ticking Portfolio Bombs Leading and Lagging Sectors Energy shares rose by 0.1% on Thursday. In trading on Thursday, utilities shares fell by 2.3%. Top Headline U.S. natural-gas supplies fell 140 billion cubic feet during the week ended Jan. 5, 2024, the EIA said. Equities Trading UP First Financial Northwest, Inc. (NASDAQ:FFNW) shares shot up 48% to $20.20. Global Cr
Shares of TechTarget, Inc. (NASDAQ:TTGT) rose sharply during Thursday’s session after the company announced a strategic combination with Informa Tech's digital businesses. TechTarget shares surged 14.4% to $40.34 on Thursday. Here are some other stocks moving in today's mid-day session. Gainers Atreca, Inc. (NASDAQ:BCEL) shares surged 128.2% to $0.2447 after falling around 7% on Wednesday. Atreca, last month, announced the sale of a collection of antibody-related assets and materials to Immunome consisting of a $5.5 million upfront payment and up to $7.0 million in clinical development milestones. First Financial Northwest, Inc. (NASDAQ:FFNW) rose 53% to $20.94. Global Credit Union an
U.S. stocks traded lower midway through trading, with the Dow Jones index falling over 200 points on Thursday. The Dow traded down 0.56% to 37,483.91 while the NASDAQ fell 0.86% to 14,840.28. The S&P 500 also fell, dropping, 0.70% to 4,749.93. Check This Out: Top 5 Materials Stocks That Are Ticking Portfolio Bombs Leading and Lagging Sectors Energy shares rose by 0.5% on Thursday. In trading on Thursday, utilities shares fell by 1.9%. Top Headline U.S. consumer prices increased by 0.3% month-over-month in December compared to a 0.1% rise in November and versus market estimates of 0.2%. The annual inflation rate rose to 3.4% in December versus a five-month low level of 3.