First Financial Northwest, Inc. - Understand $ffnw stock

$FFNW Market Cap: $206.8 Million

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$2.137M

TTM

Gross Margin

Net Earnings

$1.065M

TTM

Current Assets

Current Liabilities

$2.967M

Q3 2024

Current Ratio

Total Assets

$1.451B

Q3 2024

Total Liabilities

$1.291B

Q3 2024

Book Value

$160.2M

Q3 2024

Cash

$81.31M

Q3 2024

P/E

194.1

Nov 29, 2024 EST

Free Cash Flow

-$3.924M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005
Revenue	$2.773M	$3.247M	$3.862M	$4.442M	$4.141M	$2.878M	$2.208M
YoY Change	-14.6%	-15.92%	-13.06%	7.27%	43.88%	30.34%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017
Revenue	$2.773M	$3.247M	$3.862M	$4.442M	$4.141M	$2.878M	$2.208M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$2.028M	$2.200M	$2.200M	$2.200M	$1.800M	$1.630M	$1.262M	$1.076M	$809.0K	$755.0K	$799.0K	$976.0K	$1.100M	$1.100M	$800.0K	$740.0K	$1.160M	$1.510M	$220.0K
YoY Change	-7.82%	0.0%	0.0%	22.22%	10.43%	29.16%	17.29%	33.0%	7.15%	-5.51%	-18.14%	-11.27%	0.0%	37.5%	8.11%	-36.21%	-23.18%	586.36%	144.44%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Interest Expense	$37.62M	$10.89M	$8.819M	$15.65M	$20.71M	$14.74M	$10.02M	$7.507M	$6.751M	$6.241M	$7.526M	$12.25M	$18.49M	$27.56M
YoY Change	245.44%	23.47%	-43.63%	-24.46%	40.53%	47.06%	33.5%	11.2%	8.17%	-17.07%	-38.54%	-33.75%	-32.93%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005
Pretax Income	$7.858M	$16.41M	$15.17M	$10.50M	$12.93M	$18.59M	$13.42M	$12.60M	$14.05M	$16.54M	$10.92M	$1.714M	$4.242M	-$50.14M	-$53.22M	$8.690M	-$7.660M	$9.220M	$12.10M
YoY Change	-52.11%	8.14%	44.54%	-18.82%	-30.45%	38.53%	6.48%	-10.27%	-15.09%	51.46%	537.22%	-59.59%	-108.46%	-5.79%	-712.43%	-213.45%	-183.08%	-23.8%	-12.0%
Income Tax	$1.553M	$3.169M	$2.925M	$1.942M	$2.562M	$3.693M	$4.942M	$3.712M	$4.887M	$5.856M	-$13.54M	-$999.0K	$0.00	$3.999M	-$12.51M	$4.030M	-$3.680M	$2.130M	$3.020M
% Of Pretax Income	19.76%	19.31%	19.28%	18.5%	19.81%	19.86%	36.82%	29.45%	34.79%	35.4%	-124.0%	-58.28%	0.0%			46.38%		23.1%	24.96%
Net Earnings	$6.305M	$13.24M	$12.25M	$8.556M	$10.37M	$14.90M	$8.479M	$8.892M	$9.160M	$10.69M	$24.47M	$2.713M	$4.242M	-$54.14M	-$40.71M	$4.660M	-$3.980M	$7.090M	$9.080M
YoY Change	-52.38%	8.09%	43.16%	-17.48%	-30.4%	75.72%	-4.64%	-2.93%	-14.29%	-56.32%	801.77%	-36.04%	-107.84%	32.98%	-973.61%	-217.09%	-156.14%	-21.92%	-9.74%
Net Earnings / Revenue	227.37%	407.76%	317.17%	192.62%	250.4%	517.69%	384.01%
Basic Earnings Per Share	$0.69	$1.47	$1.31	$0.88	$1.04	$1.44	$0.82	$0.75	$0.67	$0.72	$1.47	$0.15	$0.24	-$3.11
Diluted Earnings Per Share	$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	-$2.182M	$221.1K	-$174.2K	$324.0K	$415.0K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$22.28M	$24.47M	$26.10M	$26.20M	$24.70M	$21.30M	$20.60M	$18.50M	$17.70M	$16.70M	$17.30M	$18.10M	$18.90M	$19.80M	$19.60M	$13.00M	$13.30M	$13.70M	$13.80M
YoY Change	-8.92%	-6.26%	-0.38%	6.07%	15.96%	3.4%	11.35%	4.52%	5.99%	-3.47%	-4.42%	-4.23%	-4.55%	1.02%	50.77%	-2.26%	-2.92%	-0.72%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$2.648M	$2.597M	$900.0K	$1.600M	$1.500M	$1.800M	$1.200M	$3.100M	$4.600M	$8.300M	$14.80M	$1.000M	$0.00	$0.00	$12.10M	$9.300M	$7.100M	$0.00	$0.00
YoY Change	1.96%	188.56%	-43.75%	6.67%	-16.67%	50.0%	-61.29%	-32.61%	-44.58%	-43.92%	1380.0%			-100.0%	30.11%	30.99%
Total Long-Term Assets
YoY Change
Total Assets	$1.505B	$1.503B	$1.426B	$1.388B	$1.342B	$1.252B	$1.210B	$1.038B	$979.9M	$937.0M	$921.0M	$942.7M	$1.059B	$1.194B	$1.315B	$1.244B	$1.141B	$1.005B	$879.7M
YoY Change
Accounts Payable	$2.739M	$328.0K	$100.0K	$200.0K	$300.0K	$500.0K	$300.0K	$200.0K	$100.0K	$100.0K	$100.0K	$200.0K	$200.0K	$200.0K	$500.0K	$500.0K	$100.0K	$200.0K	$100.0K
YoY Change	735.06%	228.0%	-50.0%	-33.33%	-40.0%	66.67%	50.0%	100.0%	0.0%	0.0%	-50.0%	0.0%	0.0%	-60.0%	0.0%	400.0%	-50.0%	100.0%
Accrued Expenses	$2.806M	$3.454M	$3.800M	$3.800M	$2.300M
YoY Change	-18.76%	-9.11%	0.0%	65.22%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$5.545M	$3.782M	$3.900M	$4.000M	$2.600M	$500.0K	$300.0K	$200.0K	$100.0K	$100.0K	$100.0K	$200.0K	$200.0K	$200.0K	$500.0K	$800.0K	$800.0K	$200.0K	$600.0K
YoY Change	46.62%	-3.03%	-2.5%	53.85%	420.0%	66.67%	50.0%	100.0%	0.0%	0.0%	-50.0%	0.0%	0.0%	-60.0%	-37.5%	0.0%	300.0%	-66.67%
Long-Term Debt	$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
YoY Change
Other Long-Term Liabilities	$15.82M	$20.68M	$9.200M	$11.20M	$8.800M	$9.700M	$9.300M	$8.000M	$6.400M	$4.100M	$3.600M	$4.300M	$4.100M	$3.400M	$4.700M	$3.100M	$3.200M	$1.700M	$2.500M
YoY Change	-23.52%	124.82%	-17.86%	27.27%	-9.28%	4.3%	16.25%	25.0%	56.1%	13.89%	-16.28%	4.88%	20.59%	-27.66%	51.61%	-3.13%	88.24%	-32.0%
Total Long-Term Liabilities	$15.82M	$20.68M	$9.200M	$11.20M	$8.800M	$9.700M	$9.300M	$8.000M	$6.400M	$4.100M	$3.600M	$4.300M	$4.100M	$3.400M	$4.700M	$3.100M	$3.200M	$1.700M	$2.500M
YoY Change	-23.52%	124.82%	-17.86%	27.27%	-9.28%	4.3%	16.25%	25.0%	56.1%	13.89%	-16.28%	4.88%	20.59%	-27.66%	51.61%	-3.13%	88.24%	-32.0%
Total Liabilities	$1.343B	$1.343B	$1.269B	$1.231B	$1.186B	$1.099B	$1.068B	$899.5M	$809.2M	$755.6M	$736.6M	$755.5M	$878.1M	$1.019B	$1.087B	$954.3M	$831.6M	$900.7M	$783.3M
YoY Change	0.06%	5.84%	3.01%	3.86%	7.91%	2.91%	18.69%	11.16%	7.09%	2.58%	-2.5%	-13.96%	-13.84%	-6.22%	13.88%	14.75%	-7.67%	14.99%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Basic Shares Outstanding	9.126M shares	9.006M shares	9.341M shares	9.734M shares	9.976M shares	10.31M shares	10.29M shares	11.87M shares	13.53M shares	14.75M shares	16.58M shares	17.64M shares	17.53M shares	17.42M shares
Diluted Shares Outstanding	9.153M shares	9.102M shares	9.454M shares	9.759M shares	10.08M shares	10.42M shares	10.44M shares	12.03M shares	13.69M shares	14.89M shares	16.61M shares	17.66M shares	17.53M shares	17.42M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $206.75 Million

About First Financial Northwest, Inc.

First Financial Northwest, Inc. is a bank holding company, which engages in the provision of commercial banking services. The company is headquartered in Renton, Washington and currently employs 142 full-time employees. The company went IPO on 2007-10-10. The Bank focuses on its lending activities primarily on loans secured by commercial real estate, construction/land, first mortgages on one-to-four family residences, multifamily, and business lending. The company offers secured consumer loans, including savings account loans, auto loans and home equity loans that include lines of credit and second mortgage term loans. The company originates construction/land loans primarily to residential builders for the construction of single-family residences, condominiums, townhouses, multifamily properties and residential developments located in its market area. Its land development loans are generally made to builders for preparation of a building site. Its investment portfolio consists of mortgage-backed securities, municipal bonds, United States government agency obligations, and corporate bonds. The company serves King, Snohomish, Pierce and Kitsap counties, Washington.

Industry: State Commercial Banks Peers: Avidbank Holdings, Inc. Citizens Community Bancorp Inc. FIRST COMMUNITY CORP /SC/ FRANKLIN FINANCIAL SERVICES CORP /PA/ Hanover Bancorp, Inc. /NY OLD POINT FINANCIAL CORP OHIO VALLEY BANC CORP PNC FINANCIAL SERVICES GROUP, INC. SALISBURY BANCORP, INC.