Summary
22.61 -0.04(-0.15%)09/06/2024
First Financial Northwest Inc (FFNW)
First Financial Northwest Inc (FFNW)
Key Facts
| 1 Day | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 5 Years | All Time |
| -0.15 | -0.42 | 7.13 | 8.11 | 9.02 | 79.12 | 83.48 | 170.07 |
Last 730 data points are shown. To view all data, Upgrade to PRO plan with only $1
| Trading Data | ||
| Close | 22.61 | |
| Open | 22.53 | |
| High | 22.75 | |
| Low | 22.42 | |
| Volume | 40,080 | |
| Change | -0.04 | |
| Change % | -0.15 | |
| Avg Volume (20 Days) | 28,531 | |
| Volume/Avg Volume (20 Days) Ratio | 1.40 | |
| 52 Week Range | 10.09 - 22.88 | |
| Price vs 52 Week High | -1.20% | |
| Price vs 52 Week Low | 124.03% | |
| Range | 0.33 | |
| Gap Up/Down | -0.13 | |
Fundamentals | ||
| Market Capitalization (Mln) | 207 | |
| EBIDTA | 0 | |
| PE Ratio | 61.0588 | |
| PEG Ratio | 1.9600 | |
| WallStreet Target Price | 20.50 | |
| Book Value | 17.5120 | |
| Earnings Per Share | 0.3400 | |
| EPS Estimate Current Quarter | 0.0600 | |
| EPS Estimate Next Quarter | 0.0600 | |
| EPS Estimate Current Year | 0.0000 | |
| EPS Estimate Next Year | 0.3700 | |
| Diluted EPS (TTM) | 0.3400 | |
| Revenues | ||
| Profit Marging | 0.0743 | |
| Operating Marging (TTM) | -0.1321 | |
| Return on asset (TTM) | 0.0020 | |
| Return on equity (TTM) | 0.0194 | |
| Revenue TTM | 41,803,000 | |
| Revenue per share TTM | 4.5740 | |
| Quarterly Revenue Growth (YOY) | -0.1510 | |
| Quarterly Earnings Growth (YOY) | -0.6280 | |
| Gross Profit (TTM) | 52,000,000 | |
| Dividends | ||
| Dividend Share | 0.5200 | |
| Dividend Yield | 0.0250 | |
| Valuations | ||
| Trailing PE | 61.0588 | |
| Forward PE | 35.2113 | |
| Price Sales (TTM) | 0.0000 | |
| Price Book (MRQ) | 1.1589 | |
| Revenue Enterprise Value | 0.0000 | |
| EBITDA Enterprise Value | 0.0000 | |
| Shares | ||
| Shares Outstanding | 9,174,420 | |
| Shares Float | 5,920,179 | |
| Shares Short | 0 | |
| Shares Short (Prior Month) | 0 | |
| Shares Ratio | 0.00 | |
| Short Outstanding (%) | 0.00 | |
| Short Float (%) | 0.01 | |
| Insider (%) | 24.36 | |
| Institutions (%) | 39.71 | |
08/12 09:05 EST - globenewswire.com
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.
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.
07/25 11:26 EST - zacks.com
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.
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.
07/25 09:10 EST - globenewswire.com
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.
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.
07/19 13:30 EST - globenewswire.com
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.
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.
07/11 21:05 EST - prnewswire.com
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.
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.
06/27 07:50 EST - zacks.com
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.
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.
06/14 16:03 EST - prnewswire.com
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.
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.
05/28 16:10 EST - globenewswire.com
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.
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.
04/30 20:06 EST - zacks.com
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.
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.
04/30 18:50 EST - zacks.com
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.
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.
04/30 16:10 EST - globenewswire.com
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.
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.
02/06 20:10 EST - businesswire.com
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.
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.
01/26 16:30 EST - globenewswire.com
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:
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:
01/25 13:01 EST - zacks.com
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.
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.
01/25 09:10 EST - globenewswire.com
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.
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.
01/23 11:08 EST - businesswire.com
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 Debt: BBB / Negative Outlook) announced that it has entered into a definitive agreement in which Global will acquire Renton, Washington-based First Financial Northwest Bank, a wholly-owned subsi.
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 Debt: BBB / Negative Outlook) announced that it has entered into a definitive agreement in which Global will acquire Renton, Washington-based First Financial Northwest Bank, a wholly-owned subsi.
01/19 04:59 EST - businesswire.com
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 shareholders. The proposed transaction is structured as a purchase and assumption agreement with Global purchasing substantially all assets and assuming substantially all liabilities of First Financial Northwest Bank for.
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 shareholders. The proposed transaction is structured as a purchase and assumption agreement with Global purchasing substantially all assets and assuming substantially all liabilities of First Financial Northwest Bank for.
01/12 08:17 EST - zacks.com
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.
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.
01/11 09:10 EST - globenewswire.com
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 acquire Renton, Washington-based First Financial Northwest Bank, a wholly-owned subsidiary of First Financial Northwest. The transaction is structured as a purchase and assumption agreement with Global purchasing substantially all assets and assuming substantially all liabilities of First Financial Northwest Bank for the all-cash consideration of $231.2 million, subject to certain adjustments.
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 acquire Renton, Washington-based First Financial Northwest Bank, a wholly-owned subsidiary of First Financial Northwest. The transaction is structured as a purchase and assumption agreement with Global purchasing substantially all assets and assuming substantially all liabilities of First Financial Northwest Bank for the all-cash consideration of $231.2 million, subject to certain adjustments.