First Financial Northwest, Inc. (FFNW) Income Statement Analysis

See more : Sidiz.Inc. (134790.KS) Income Statement Analysis – Financial Results

Complete financial analysis of First Financial Northwest, Inc. (FFNW) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of First Financial Northwest, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.

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First Financial Northwest, Inc. (FFNW)

Industry: Banks - Regional

Sector: Financial Services

Website: https://www.ffnwb.com

About First Financial Northwest, Inc.

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 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 wealth management services; and online banking platform, as well as debit cards and ATMs. As of December 31, 2021, it operated seven 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.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Revenue	43.52M	51.60M	48.84M	44.91M	43.05M	44.05M	39.83M	36.77M	32.25M	32.86M	32.88M	30.66M	35.10M	34.03M	33.30M	32.82M	24.31M	228.00K	491.00K	17.13M	13.14M
Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	43.52M	51.60M	48.84M	44.91M	43.05M	44.05M	39.83M	36.77M	32.25M	32.86M	32.88M	30.66M	35.10M	34.03M	33.30M	32.82M	24.31M	228.00K	491.00K	17.13M	13.14M
Gross Profit Ratio	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	24.67M	25.09M	26.55M	26.36M	24.64M	24.29M	22.29M	18.50M	17.08M	14.85M	17.17M	17.41M	19.10M	18.40M	14.86M	11.54M	7.98M	5.33M	2.88M	0.00	0.00
Selling & Marketing	343.00K	303.00K	154.00K	197.00K	339.00K	344.00K	270.00K	194.00K	211.00K	97.00K	104.00K	227.00K	205.00K	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	34.90M	25.40M	26.70M	26.56M	24.98M	24.63M	22.56M	18.69M	17.29M	14.95M	17.28M	17.63M	19.30M	18.40M	14.86M	11.54M	7.98M	5.33M	2.88M	0.00	0.00
Other Expenses	0.00	-9.68M	-60.37M	-60.97M	-55.10M	-35.36M	-6.53M	-5.50M	0.00	0.00	0.00	0.00	0.00	0.00	152.00K	0.00	0.00	40.91M	32.40M	15.95M	17.83M
Operating Expenses	34.90M	6.14M	-33.67M	-34.41M	-30.12M	-10.72M	4.25M	3.61M	3.39M	3.02M	3.18M	3.55M	3.82M	4.04M	3.91M	3.81M	2.60M	46.24M	35.27M	15.95M	17.83M
Cost & Expenses	34.90M	6.14M	-33.67M	-34.41M	-30.12M	-10.72M	4.25M	3.61M	3.39M	3.02M	3.18M	3.55M	3.82M	4.04M	3.91M	3.81M	2.60M	46.24M	35.27M	15.95M	17.83M
Interest Income	77.67M	58.92M	53.47M	55.79M	59.26M	55.46M	47.35M	41.51M	37.13M	38.68M	38.54M	41.47M	51.05M	60.54M	65.03M	68.60M	66.57M	55.26M	40.29M	36.46M	33.90M
Interest Expense	37.62M	10.89M	8.82M	15.65M	20.71M	14.74M	10.02M	7.51M	6.75M	6.24M	7.53M	12.25M	18.49M	27.56M	33.91M	35.98M	42.85M	37.25M	23.67M	19.34M	20.76M
Depreciation & Amortization	2.03M	2.15M	2.16M	2.17M	1.84M	1.63M	1.26M	1.08M	809.00K	755.00K	799.00K	976.00K	1.05M	1.10M	802.00K	1.43M	2.27M	1.50M	216.00K	0.00	0.00
EBITDA	9.89M	18.56M	17.33M	12.67M	14.77M	20.22M	14.68M	13.68M	14.86M	17.30M	11.72M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	33.08M	30.98M
EBITDA Ratio	22.71%	57.08%	35.49%	28.21%	34.31%	79.36%	62.03%	57.63%	67.00%	71.63%	58.54%	48.71%	67.75%	-63.13%	-55.55%	140.44%	154.10%	21,038.60%	7,327.70%	193.13%	235.69%
Operating Income	7.86M	27.30M	15.17M	10.50M	12.93M	33.33M	23.44M	20.11M	20.80M	22.78M	18.45M	13.96M	22.73M	-22.58M	-19.30M	44.67M	35.19M	46.46M	35.76M	33.08M	30.98M
Operating Income Ratio	18.05%	52.90%	31.07%	23.38%	30.04%	75.66%	58.86%	54.70%	64.49%	69.34%	56.11%	45.53%	64.75%	-66.36%	-57.96%	136.10%	144.75%	20,378.95%	7,283.71%	193.13%	235.69%
Total Other Income/Expenses	0.00	-2.15M	-295.00K	-556.00K	-341.00K	-509.00K	-424.00K	-714.00K	14.00K	-1.07M	-1.37M	-5.26M	-19.54M	-27.56M	-33.91M	-1.64M	-7.66M	-37.25M	-23.67M	12.57M	14.90M
Income Before Tax	7.86M	16.41M	15.17M	10.50M	12.93M	18.59M	13.42M	12.60M	14.05M	16.54M	10.92M	1.71M	4.24M	-50.14M	-53.22M	8.69M	-7.66M	9.22M	12.10M	13.75M	10.21M
Income Before Tax Ratio	18.05%	31.80%	31.07%	23.38%	30.04%	42.20%	33.70%	34.28%	43.56%	50.34%	33.22%	5.59%	12.09%	-147.35%	-159.79%	26.48%	-31.51%	4,042.11%	2,463.34%	80.26%	77.71%
Income Tax Expense	1.55M	3.17M	2.93M	1.94M	2.56M	3.69M	4.94M	3.71M	4.89M	5.86M	-13.54M	-999.00K	0.00	4.00M	-12.51M	4.03M	-3.68M	2.13M	3.02M	3.69M	2.76M
Net Income	6.31M	13.24M	12.25M	8.56M	10.37M	14.90M	8.48M	8.89M	9.16M	10.69M	24.47M	2.71M	4.24M	-54.14M	-40.71M	4.66M	-3.98M	7.09M	9.07M	10.06M	7.45M
Net Income Ratio	14.49%	25.66%	25.08%	19.05%	24.09%	33.82%	21.29%	24.19%	28.40%	32.52%	74.42%	8.85%	12.09%	-159.10%	-122.23%	14.20%	-16.39%	3,108.77%	1,848.07%	58.70%	56.71%
EPS	0.69	1.47	1.31	0.88	1.04	1.45	0.82	0.75	0.67	0.72	1.47	0.15	0.24	-3.11	-2.18	0.22	-0.17	0.31	0.40	0.44	0.33
EPS Diluted	0.69	1.45	1.29	0.88	1.03	1.43	0.81	0.74	0.67	0.71	1.46	0.15	0.24	-3.11	-2.18	0.22	-0.17	0.31	0.40	0.44	0.33
Weighted Avg Shares Out	9.13M	9.01M	9.34M	9.73M	9.98M	10.31M	10.29M	11.87M	13.53M	14.75M	16.58M	17.64M	17.53M	17.42M	18.66M	21.08M	22.86M	22.86M	22.86M	22.86M	22.86M
Weighted Avg Shares Out (Dil)	9.15M	9.10M	9.45M	9.76M	10.08M	10.42M	10.44M	12.03M	13.69M	14.89M	16.61M	17.66M	17.53M	17.42M	18.66M	21.08M	22.86M	22.86M	22.86M	22.86M	22.86M

First Financial Northwest (FFNW) Reports Q3 Loss, Lags Revenue Estimates

October 29, 2024zacks.com

First Financial Northwest (FFNW) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of $0.07. This compares to earnings of $0.16 per share a year ago.

First Financial Northwest, Inc. Reports Third Quarter 2024 Results

October 29, 2024globenewswire.com

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...

First Financial Northwest (FFNW) Expected to Beat Earnings Estimates: Should You Buy?

October 17, 2024zacks.com

First Financial (FFNW) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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September 24, 2024zacks.com

IDR, FFNW and FMBH made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on September 24, 2024.

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

August 12, 2024globenewswire.com

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...

First Financial Northwest (FFNW) Beats Q2 Earnings and Revenue Estimates

July 25, 2024zacks.com

First Financial Northwest (FFNW) came out with quarterly earnings of $0.17 per share, beating the Zacks Consensus Estimate of $0.04 per share. This compares to earnings of $0.16 per share a year ago.

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

July 25, 2024globenewswire.com

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...

First Financial Northwest, Inc. Announces Receipt of Shareholder Approval for Transaction with Global Credit Union

July 19, 2024globenewswire.com

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...

URGENT ALERT: The M&A Class Action Firm Investigates Merger and Looming Vote on July 19, 2024, of First Financial Northwest, Inc. - FFNW

July 11, 2024prnewswire.com

NEW YORK , July 11, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are...