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First Financial Northwest Inc

First Financial Northwest Inc (FFNW)

21.33
0.04
(0.19%)
Closed December 20 4:00PM
21.33
0.00
( 0.00% )
Pre Market: 7:00AM

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Key stats and details

Current Price
21.33
Bid
8.54
Ask
22.54
Volume
8
0.00 Day's Range 0.00
13.16 52 Week Range 23.50
Market Cap
Previous Close
21.33
Open
-
Last Trade
1
@
22.14
Last Trade Time
05:04:00
Financial Volume
-
VWAP
-
Average Volume (3m)
36,189
Shares Outstanding
9,230,010
Dividend Yield
2.44%
PE Ratio
31.23
Earnings Per Share (EPS)
0.68
Revenue
43.32M
Net Profit
6.31M

About First Financial Northwest Inc

First Financial Northwest Inc is the holding company for First Financial Northwest Bank and First Financial Diversified. First Financial Northwest Bank is a subsidiary of First Financial Northwest and as such comprises substantially all of the activity for First Financial Northwest. The Bank's busin... First Financial Northwest Inc is the holding company for First Financial Northwest Bank and First Financial Diversified. First Financial Northwest Bank is a subsidiary of First Financial Northwest and as such comprises substantially all of the activity for First Financial Northwest. The Bank's business consists predominantly of attracting deposits from the general public, combined with borrowing from the FHLB of Des Moines and raising funds in the wholesale market then utilizing these funds to originate one-to-four family residential, multifamily, commercial real estate, construction/land, business, and consumer loans. The Bank's strategic initiatives seek to diversify its loan portfolio and broaden growth opportunities with its current risk tolerance levels and asset/liability objectives. Show more

Sector
Savings Instn, Not Fed Chart
Industry
Savings Instn, Not Fed Chart
Website
Headquarters
Washington, USA
Founded
-
First Financial Northwest Inc is listed in the Savings Instn, Not Fed Chart sector of the NASDAQ with ticker FFNW. The last closing price for First Financial Northwest was $21.33. Over the last year, First Financial Northwest shares have traded in a share price range of $ 13.16 to $ 23.50.

First Financial Northwest currently has 9,230,010 shares outstanding. The market capitalization of First Financial Northwest is $196.88 million. First Financial Northwest has a price to earnings ratio (PE ratio) of 31.23.

FFNW Latest News

First Financial Northwest, Inc. Reports Third Quarter 2024 Results

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...

First Financial Northwest, Inc. Announces Receipt of Federal Deposit Insurance Corporation Approval for Transaction with Global Credit Union

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...

First Financial Northwest, Inc. Reports Net Income of $1.6 Million or $0.17 Per Diluted Share for the Second Quarter Ended June 30, 2024

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...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
1-0.66-3.0013642564821.9922.1820.415237021.54852369CS
4-1.54-6.7337122868422.8722.8720.413328921.97518866CS
12-0.95-4.2639138240622.2823.520.413618922.41127151CS
260.351.6682554814120.9823.520.273839022.12117525CS
527.5154.341534008713.8223.513.163377021.46078461CS
1565.0831.261538461516.2523.59.71626519.14115798CS
2606.2841.727574750815.0523.57.90011698915.96009007CS

FFNW - Frequently Asked Questions (FAQ)

What is the current First Financial Northwest share price?
The current share price of First Financial Northwest is $ 21.33
How many First Financial Northwest shares are in issue?
First Financial Northwest has 9,230,010 shares in issue
What is the market cap of First Financial Northwest?
The market capitalisation of First Financial Northwest is USD 196.88M
What is the 1 year trading range for First Financial Northwest share price?
First Financial Northwest has traded in the range of $ 13.16 to $ 23.50 during the past year
What is the PE ratio of First Financial Northwest?
The price to earnings ratio of First Financial Northwest is 31.23
What is the cash to sales ratio of First Financial Northwest?
The cash to sales ratio of First Financial Northwest is 4.55
What is the reporting currency for First Financial Northwest?
First Financial Northwest reports financial results in USD
What is the latest annual turnover for First Financial Northwest?
The latest annual turnover of First Financial Northwest is USD 43.32M
What is the latest annual profit for First Financial Northwest?
The latest annual profit of First Financial Northwest is USD 6.31M
What is the registered address of First Financial Northwest?
The registered address for First Financial Northwest is 201 WELLS AVENUE SOUTH, RENTON, WASHINGTON, 98057
What is the First Financial Northwest website address?
The website address for First Financial Northwest is www.fsbnw.com
Which industry sector does First Financial Northwest operate in?
First Financial Northwest operates in the SAVINGS INSTN, NOT FED CHART sector

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FFNW Discussion

View Posts
Enterprising Investor Enterprising Investor 4 months ago
First Financial Northwest, Inc. Announces Receipt of Federal Deposit Insurance Corporation Approval for Transaction with Global Credit Union (8/12/24)

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 announced that the Bank had received approval from the Washington State Department of Financial Institutions. The Company shareholders approved the transaction at a special meeting of shareholders held on July 19, 2024.

The consummation of the Asset Sale remains subject to Global receiving the required regulatory approval from the National Credit Union Administration (“NCUA”), which has not yet been obtained. The Company cannot provide any assurance as to whether the required final regulatory approval from the NCUA will be received, when such approval will be received, or whether there will be conditions to such approval that are unacceptably burdensome to the Company or Global.

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 information about us, please visit our website at ffnwb.com and click on the “Investor Relations” link at the bottom of the page.

For more information, contact:
Joseph W. Kiley III, President and Chief Executive Officer
Rich Jacobson, Executive Vice President and Chief Financial Officer
(425) 255-4400
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Enterprising Investor Enterprising Investor 5 months ago
First Financial Northwest, Inc. Announces Receipt of Shareholder Approval for Transaction with Global Credit Union (7/19/24)

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 voluntarily dissolve the Company and distribute its net assets following the completion of the asset sale and approved, on an advisory basis, the compensation that may be paid or may become payable to certain executive officers of the Company in connection with the asset sale. Final voting results of the special meeting of shareholders held on July 19, 2024, will be filed by the Company on a Form 8-K within four business days.

The Bank previously received required regulatory approvals from the Washington State Department of Financial Institutions in connection with the asset sale and Bank liquidation, but consummation of the asset sale remains subject to the required regulatory approvals from the Federal Deposit Insurance Corporation (“FDIC”) and the National Credit Union Administration (“NCUA”), which have not yet been obtained. The Company cannot provide any assurance as to whether they will obtain the required final regulatory approvals from the FDIC and the NCUA, when such approvals will be received, or whether there will be conditions in such approvals that are unacceptably burdensome to the Company or Global.

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 information about us, please visit our website at ffnwb.com and click on the “Investor Relations” link at the bottom of the page.

For more information, contact:
Joseph W. Kiley III, President and Chief Executive Officer
Rich Jacobson, Executive Vice President and Chief Financial Officer
(425) 255-4400

https://www.globenewswire.com/news-release/2024/07/19/2916022/0/en/First-Financial-Northwest-Inc-Announces-Receipt-of-Shareholder-Approval-for-Transaction-with-Global-Credit-Union.html
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Enterprising Investor Enterprising Investor 7 months ago
FFNW shareholders will receive between $23.18 to $23.75 per share upon liquidation.
👍️0
Enterprising Investor Enterprising Investor 7 months ago
Global Credit Union and First Financial Northwest, Inc. Announce Agreement for Global Credit Union to Acquire First Financial Northwest Bank (1/11/24)

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 been unanimously approved by the boards of directors of both institutions. Following the purchase and assumption transaction, First Financial Northwest and First Financial Northwest Bank intend to wind down and dissolve. Based on First Financial Northwest’s outstanding shares on a fully-diluted basis as of December 31, 2023, and after taking into consideration the anticipated satisfaction of certain obligations of First Financial Northwest and First Financial Northwest Bank excluded from the purchase and assumption transaction, including holding company indebtedness and tax liabilities, First Financial Northwest expects that its shareholders would be entitled to receive approximately $23.18 to $23.75 per share upon liquidation, subject to certain adjustments. If certain conditions occur prior to closing, including but not necessarily limited to a decline in deposits, an inability to refinance or sell certain loans prior to closing, and other potential reductions outlined in the Purchase and Assumption Agreement, the actual amount received could be below this range.

The transaction will expand Global’s business and commercial services to all its member businesses as well as enhance its branch presence in Western Washington, where it first began operations 40 years ago. First Financial Northwest Bank customers will become members of Global Federal Credit Union with full access to Global’s extensive product and service offerings.

“We are enthusiastic about combining two financially sound institutions that share a strong commitment to service and community engagement,” said Geoff Lundfelt, President and CEO of Global Federal Credit Union. “This combination will continue to enhance service delivery and growth in a market that the credit union has been operating in for over four decades, adding numerous branches. First Financial Northwest Bank’s branch network has a technology-forward design, accelerating the transformation to an environment with a structure and atmosphere more suited to conducting business in the future.”

“The ability to offer expanded business and commercial financial products and services to Global’s existing membership is a significant strategic step for the credit union,” continued Lundfelt. “This acquisition also affords the customers of First Financial Northwest Bank access to the consumer products and world-class service Global members currently enjoy.”

Lundfelt concluded, “Global will receive tremendous value from this transaction. The projected future earnings from the acquisition of First Financial Northwest Bank’s franchise justify the pricing of the transaction and are expected to be accretive to Global from a financial perspective.”

Joseph W. Kiley III, President and CEO of First Financial Northwest Bank added, “First Financial Northwest Bank has earned the trust of its customers and the communities it serves for over a century by holding true to its values of building long-term banking relationships, offering high-quality banking products and services, providing exceptional customer service, and demonstrating a strong commitment to community. In today’s competitive environment, we believe this strategic transaction provides numerous benefits for our customers, our communities, and our employees. In addition, this transaction delivers substantial value to our shareholders who have supported us over the years.”

The transaction is anticipated to be completed in the fourth quarter of 2024 subject to receiving all regulatory approvals, approval by the shareholders of First Financial Northwest, and other customary closing conditions. Until the transaction is finalized, both organizations will continue to conduct business as usual.

Global was advised by McQueen Financial Advisors, as financial advisor, and Honigman LLP, as legal counsel. First Financial Northwest was advised by Janney Montgomery Scott LLC, as financial advisor, and Fenimore Kay Harrison LLP, as legal counsel.

Global was founded in Anchorage, Alaska, in 1948 and currently has approximately 2,000 employees, operations in five states and Italy, and 750,000 members spread across all 50 states and 20 foreign countries. With over $11 billion in assets, Global is one of the 20 largest credit unions in the United States. Global first began operations in Washington state after a series of mergers in Oak Harbor and the Greater Seattle area beginning in 1983. Global has 27 branches and serves over 180,000 members across Washington state.

Established in 1923 in Renton, Washington as the Renton Savings and Loan Association, First Financial Northwest Bank has transformed over the years from a single branch thrift to a full-service community-based commercial bank with over 150 employees delivering unique and innovative solutions to its customers in the Puget Sound Region. At September 30, 2023, First Financial Northwest had total assets of $1.53 billion and deposits of $1.21 billion.

More about Global Credit Union

Global Credit Union is a not-for-profit, member-owned financial cooperative with a mission of enriching lives through world-class financial services. Global, a low-income designated credit union, was founded in 1948 at the Alaska Air Depot, and now serves more than 750,000 members online and in 77 branches across Washington, Alaska, Idaho, California, Arizona, as well as branches on three U.S. military installations in Italy. Learn more at globalcu.org.

More about First Financial Northwest, Inc.
First Financial Northwest, Inc. (NASDAQ GS: FFNW) 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. Learn more at ffnwb.com.
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Whiskerbill Whiskerbill 14 years ago
Come oooon FFNW, you can do it!, I know you can!
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Soapy Bubbles Soapy Bubbles 15 years ago
Cool, maybe Tuesday?
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Soapy Bubbles Soapy Bubbles 15 years ago
*** FINVIZ 1-Stop DD ***

http://www.finviz.com/quote.ashx?t=FFNW&ty=c&ta=1&p=d&b=1
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