See more : Yihai International Holding Ltd. (YNNHF) 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)
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 |
KBRA Comments on Global Credit Union's Announced Agreement to Acquire First Financial Northwest Bank
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--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...
FFNW Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of First Financial Northwest Bank Is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of First Financial Northwest Bank, a wholly-owned subsidiary of First Financial Northwest, Inc. (NASDAQ: FFNW), to Global Federal Credit Union is fair to First Financial...
Strength Seen in First Financial (FFNW): Can Its 48.0% Jump Turn into More Strength?
First Financial (FFNW) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Global Credit Union and First Financial Northwest, Inc. Announce Agreement for Global Credit Union to Acquire First Financial Northwest Bank
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...
First Financial Northwest Bank Promotes Dalen D. Harrison to Executive Vice President
RENTON, Wash., Nov. 16, 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 Dalen D. Harrison was promoted to Executive Vice President and Chief...
First Financial Northwest, Inc. Declares Quarterly Cash Dividend of $0.13 per Share
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...
First Financial Northwest (FFNW) Q3 Earnings Beat Estimates
First Financial Northwest (FFNW) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.15 per share. This compares to earnings of $0.43 per share a year ago.
First Financial Northwest, Inc. Reports Net Income of $1.5 Million or $0.16 per Diluted Share for the Third Quarter Ended September 30, 2023
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...
First Financial Northwest, Inc. Declares Quarterly Cash Dividend of $0.13 per Share; Announces Adoption of New Stock Repurchase Plan
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...
First Financial Northwest (FFNW) Lags Q2 Earnings and Revenue Estimates
First Financial Northwest (FFNW) came out with quarterly earnings of $0.16 per share, missing the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.31 per share a year ago.
Source: https://incomestatements.info
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