First Financial Northwest, Inc. Announces Declaration of Initial Liquidating Distribution; Stock Transfer Books Closed |
RENTON, Wash., April 21, 2025 (GLOBE NEWSWIRE) -- First Financial Northwest, Inc. (NASDAQ GS: FFNW) (the “Company”) today announced that its Board of Directors has declared an initial liquidating distribution pursuant to its previously announced Plan of Dissolution in the amount of $22.00 per share, or approximately $203 million, representing approximately 95% of the anticipated proceeds to ultimately be distributed. The initial liquidating distribution will be payable on April 30, 2025, to shareholders of record as of April 23, 2025. The Company also announced that it has closed its stock transfer books and has filed a Form 25 with the Securities and Exchange Commission (the “SEC”) with respect to delisting the Company's common stock from trading on the Nasdaq Capital Market. The Company expects to file Form 15 with the SEC on or about May 1 in order to suspend its periodic reporting obligations under the Securities Exchange Act of 1934. |
globenewswire.com |
2025-04-21 20:10:00 |
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First Financial Northwest, Inc. Announces Closing of Acquisition of First Financial Northwest Bank by Global Federal Credit Union |
RENTON, Wash., April 11, 2025 (GLOBE NEWSWIRE) -- First Financial Northwest, Inc. (NASDAQ GS: FFNW) (the “Company”), the former holding company of First Financial Northwest Bank (the “Bank”), today announced the closing, effective April 11, 2025, of the previously announced transaction whereby Global Federal Credit Union (“Global”), headquartered in Anchorage, Alaska, acquired substantially all of the assets and assumed substantially all of the liabilities (including deposit liabilities) of First Financial Northwest Bank. In connection with the closing of the transaction, the Company received $228.7 million in cash pursuant to the Purchase and Assumption Agreement by and among the Company, Global and the Bank, dated January 10, 2024. |
globenewswire.com |
2025-04-11 21:10:00 |
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Global Federal Credit Union and First Financial Northwest, Inc. Announce Expected Closing Date for Transaction |
ANCHORAGE, Alaska and RENTON, Wash., March 14, 2025 (GLOBE NEWSWIRE) -- Global Federal Credit Union (“Global”) and First Financial Northwest, Inc. (the “Company”) (NASDAQ GS: FFNW), the holding company for First Financial Northwest Bank (the “Bank”), jointly announced today they have set the expected closing date 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”), 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 “Agreement”). The Asset Sale is expected to be completed on April 11, 2025, subject to the satisfaction or waiver of the remaining closing conditions set forth in the Agreement. |
globenewswire.com |
2025-03-14 19:35:00 |
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Global Credit Union and First Financial Northwest, Inc. Announce Receipt of Final Regulatory Approval for Transaction |
ANCHORAGE, Alaska and RENTON, Wash., March 12, 2025 (GLOBE NEWSWIRE) -- Global Federal Credit Union (“Global”) and First Financial Northwest, Inc. (the “Company”) (NASDAQ GS: FFNW), the holding company for First Financial Northwest Bank (the “Bank”), jointly announced today that Global received the required regulatory approval from the National Credit Union Administration (“NCUA”) for its acquisition of substantially all of the assets and assumption of 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 “Agreement”). The Bank previously received and has maintained approvals from the Federal Deposit Insurance Corporation and Washington State Department of Financial Institutions. |
globenewswire.com |
2025-03-12 18:10:00 |
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First Financial Northwest (FFNW) Beats Q4 Earnings Estimates |
First Financial Northwest (FFNW) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.13 per share a year ago. |
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2025-01-28 14:20:17 |
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First Financial Northwest, Inc. Reports Net Income of $1.2 Million or $0.13 per Diluted Share for the Fourth Quarter and $1.1 Million or $0.12 per Diluted Share for the Year Ended December 31, 2024 |
RENTON, Wash., Jan. 28, 2025 (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 December 31, 2024, of $1.2 million, or $0.13 per diluted share, compared to a net loss of $608,000, or $(0.07) per diluted share, for the quarter ended September 30, 2024, and net income of $1.2 million, or $0.13 per diluted share, for the quarter ended December 31, 2023. For the twelve months ended December 31, 2024, the Company reported net income of $1.1 million, or $0.12 per diluted share, compared to net income of $6.3 million, or $0.69 per diluted share, for the year ended December 31, 2023. |
globenewswire.com |
2025-01-28 11:10:00 |
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First Financial Northwest (FFNW) Reports Q3 Loss, Lags Revenue Estimates |
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. |
zacks.com |
2024-10-29 13:25:22 |
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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 reported a net loss of $608,000, or $(0.07) per diluted share, for the quarter ended September 30, 2024, compared to net income of $1.6 million, or $0.17 per diluted share, for the quarter ended June 30, 2024, and net income of $1.5 million, or $0.16 per diluted share, for the quarter ended September 30, 2023. For the nine months ended September 30, 2024, the Company reported a net loss of $128,000, or $(0.01) per diluted share, compared to net income of $5.1 million, or $0.56 per diluted share, for the comparable period in 2023. |
globenewswire.com |
2024-10-29 11:10:00 |
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First Financial Northwest (FFNW) Expected to Beat Earnings Estimates: Should You Buy? |
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. |
zacks.com |
2024-10-17 15:05:53 |
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Best Momentum Stocks to Buy for September 24th |
IDR, FFNW and FMBH made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on September 24, 2024. |
zacks.com |
2024-09-24 15:01:22 |
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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 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. |
globenewswire.com |
2024-08-12 13:05:00 |
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First Financial Northwest (FFNW) Beats Q2 Earnings and Revenue Estimates |
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. |
zacks.com |
2024-07-25 15:26:08 |
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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 reported net income of $1.6 million, or $0.17 per diluted share, for the quarter ended June 30, 2024, compared to a net loss of $1.1 million, or $(0.12) per diluted share, for the quarter ended March 31, 2024, and net income of $1.5 million, or $0.16 per diluted share, for the quarter ended June 30, 2023. For the six months ended June 30, 2024, net income was $480,000, or $0.05 per diluted share, compared to net income of $3.6 million, or $0.39 per diluted share, for the comparable period in 2023. |
globenewswire.com |
2024-07-25 13:10:00 |
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First Financial Northwest, Inc. Announces Receipt of Shareholder Approval for Transaction with Global Credit Union |
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. |
globenewswire.com |
2024-07-19 17:30:00 |
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URGENT ALERT: The M&A Class Action Firm Investigates Merger and Looming Vote on July 19, 2024, of First Financial Northwest, Inc. - FFNW |
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 headquartered at the Empire State Building in New York City and are investigating First Financial Northwest, Inc. (Nasdaq: FFNW ), relating to its proposed merger with Global Federal Credit Union. |
prnewswire.com |
2024-07-12 01:05:00 |
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New Strong Sell Stocks for June 27th |
FFNW, LGGNY and NDSN have been added to the Zacks Rank #5 (Strong Sell) List on June 27, 2024. |
zacks.com |
2024-06-27 11:50:32 |
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FIRST FINANCIAL NORTHWEST INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of First Financial Northwest, Inc. - FFNW |
NEW ORLEANS , June 14, 2024 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. |
prnewswire.com |
2024-06-14 20:03:00 |
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First Financial Northwest, Inc. Declares Quarterly Cash Dividend of $0.13 per Share |
RENTON, Wash., May 28, 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 its Board of Directors has declared a quarterly cash dividend of $0.13 per share on the Company's outstanding common stock. The cash dividend will be payable on June 21, 2024, to shareholders of record on June 7, 2024. |
globenewswire.com |
2024-05-28 20:10:00 |
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First Financial (FFNW) Reports Q1 Earnings: What Key Metrics Have to Say |
Although the revenue and EPS for First Financial (FFNW) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers. |
zacks.com |
2024-05-01 00:06:30 |
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First Financial Northwest (FFNW) Reports Q1 Loss, Misses Revenue Estimates |
First Financial Northwest (FFNW) came out with a quarterly loss of $0.12 per share versus the Zacks Consensus Estimate of $0.09. This compares to earnings of $0.23 per share a year ago. |
zacks.com |
2024-04-30 22:50:18 |
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First Financial Northwest, Inc. Announces First Quarter 2024 Results; Reports Withdrawal from Legacy Defined Benefit Plan and Purchase of Single Premium Group Annuity |
RENTON, Wash., April 30, 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 $1.1 million, or $0.12 per diluted share, for the quarter ended March 31, 2024, compared to net income of $1.2 million, or $0.13 per diluted share, for the quarter ended December 31, 2023, and net income of $2.1 million, or $0.23 per diluted share, for the quarter ended March 31, 2023. |
globenewswire.com |
2024-04-30 20:10:00 |
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First Financial Northwest, Inc. Declares Quarterly Cash Dividend of $0.13 per Share |
RENTON, Wash., Feb. 12, 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 its Board of Directors has declared a quarterly cash dividend of $0.13 per share on the Company's outstanding common stock. The cash dividend will be payable on March 28, 2024, to shareholders of record on March 15, 2024. |
globenewswire.com |
2024-02-12 18:10:00 |
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FIRST FINANCIAL NORTHWEST INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of First Financial Northwest, Inc. - FFNW |
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of First Financial Northwest Bank, a wholly-owned subsidiary of First Financial Northwest, Inc. (NasdaqGS: FFNW) to Global Federal Credit Union. The proposed transaction is structured as a purchase and assumption agreement with Global purchasing substantially all assets and assuming substantially all liabilities. |
businesswire.com |
2024-02-06 22:10:00 |
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CORRECTING and REPLACING - First Financial Northwest, Inc. Reports Net Income of $1.2 Million or $0.13 per Diluted Share for the Fourth Quarter and $6.3 Million or $0.69 per Diluted Share for the Year Ended December 31, 2023 |
RENTON, Wash., Jan. 26, 2024 (GLOBE NEWSWIRE) -- First Financial Northwest, Inc. (the “Company”) (NASDAQ GS: FFNW), the holding company for First Financial Northwest Bank (the “Bank”), announced corrections to its press release issued on Thursday, January 25, 2024. Specifically, the loan portfolio table of the press release presented transposed totals and percentages for permanent owner occupied and permanent non-owner occupied one-to-four family residential loans for the quarter ended December 31, 2023. The complete, corrected release follows: |
globenewswire.com |
2024-01-26 18:30:00 |
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First Financial (FFNW) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates |
Although the revenue and EPS for First Financial (FFNW) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers. |
zacks.com |
2024-01-25 15:01:11 |
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First Financial Northwest, Inc. Reports Net Income of $1.2 Million or $0.13 per Diluted Share for the Fourth Quarter and $6.3 Million or $0.69 per Diluted Share for the Year Ended December 31, 2023 |
RENTON, Wash., Jan. 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 for the quarter ended December 31, 2023, of $1.2 million, or $0.13 per diluted share, compared to $1.5 million, or $0.16 per diluted share, for the quarter ended September 30, 2023, and $3.2 million, or $0.35 per diluted share, for the quarter ended December 31, 2022. For the year ended December 31, 2023, net income was $6.3 million, or $0.69 per diluted share, compared to net income of $13.2 million, or $1.45 per diluted share, for the year ended December 31, 2022. |
globenewswire.com |
2024-01-25 11:10:00 |
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