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. news centers on its Plan of Dissolution, liquidating distributions to shareholders, closure of stock transfer books, and delisting-related corporate actions. The company had operated as the holding company for First Financial Northwest Bank, and earlier updates covered operating results, credit-loss provisions, material agreements, shareholder voting matters, governance actions, and capital-structure disclosures tied to its public-company status.
First Financial Northwest, the holding company for First Financial Northwest Bank, has declared a quarterly cash dividend of $0.13 per share on its outstanding common stock.
The dividend will be payable on June 21, 2024, to shareholders recorded by June 7, 2024.
First Financial Northwest Bank operates 15 full-service offices in the Puget Sound Region and is headquartered in Renton, Washington.
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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