Welcome to our dedicated page for First Financial Northwest news (Ticker: FFNW), a resource for investors and traders seeking the latest updates and insights on First Financial Northwest stock.
First Financial Northwest Inc (FFNW) is a financial holding company providing community-focused banking services through diversified loan portfolios and deposit strategies. This page serves as the definitive source for FFNW's official announcements, offering stakeholders timely access to material developments.
Key updates include earnings reports, regulatory filings, strategic initiatives, and loan portfolio performance. Investors gain insights into the company's residential/commercial lending activities, risk management practices, and responses to evolving market conditions.
Our curated news collection enables efficient tracking of FFNW's financial health and operational milestones. Content spans quarterly results, leadership updates, and industry recognition – all essential for informed analysis of this community banking institution.
Bookmark this page to monitor FFNW's progress in balancing traditional service values with modern financial solutions. Check regularly for verified updates directly impacting the company's market position and investor considerations.
First Financial Northwest, Inc. reported a net loss of $1.1 million for the first quarter of 2024 due to a strategic move to extinguish a legacy defined benefit plan at a cost of $1.2 million. The company also recognized pretax expenses related to a sale to Global Federal Credit Union. Credit quality remained strong, with nonaccrual loans low at $201,000. Despite pressures on deposit rates, net interest margin saw a slight increase. Total deposits decreased due to a managed reduction in higher cost deposits.
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