First Financial Northwest, Inc. functions as the bank holding company for First Financial Northwest Bank, delivering commercial banking solutions across Washington State. ...
First Financial Northwest, Inc. (FFNW) served as the bank holding company for First Financial Northwest Bank, a state-chartered, FDIC-insured financial institution headquartered in Renton, Washington. Established in 1923, the organization built a century-long legacy of providing community-focused banking services, including an extensive portfolio of checking and savings accounts, money market ...First Financial Northwest, Inc. (FFNW) served as the bank holding company for First Financial Northwest Bank, a state-chartered, FDIC-insured financial institution headquartered in Renton, Washington. Established in 1923, the organization built a century-long legacy of providing community-focused banking services, including an extensive portfolio of checking and savings accounts, money market accounts, and certificates of deposit. Its lending operations were particularly robust, specializing in one-to-four family residential mortgages, multi-family and commercial real estate loans, as well as construction and land development financing. Beyond traditional banking, the firm offered wealth management services and modern digital banking solutions.
From a financial and organizational perspective, FFNW operated with a focus on regional growth, maintaining a network of retail branches throughout King, Snohomish, and Pierce counties. The company's management, led by CEO Joseph W. Kiley III and CFO Rich Jacobson, focused on navigating the complexities of the regional banking sector, including de-leveraging efforts during the 2008 financial crisis and steering the company toward its strategic sale.
In recent corporate developments, First Financial Northwest underwent a significant transformation. As of April 11, 2025, the company completed its acquisition by Global Credit Union, a transaction that finalized the transition of its assets and liabilities. Following this acquisition, the company initiated a final liquidation distribution to its shareholders, marking the end of its tenure as an independent publicly traded entity on the NASDAQ. The company’s historical performance was characterized by a commitment to local community development, exemplified by the establishment of the First Financial Northwest Foundation in 2007. Despite its operational changes, the organization's history remains a notable example of a long-standing community bank evolving through changing economic landscapes in the Pacific Northwest.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$37.6M
-13.3%
+37.0%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$1.1M
-83.0%
+297.4%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+100.0%
-0.5%
0.0%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+4.2%
-76.8%
+223.3%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
+2.9%
-80.4%
+244.1%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$711000
-80.6%
-113.0%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+1.9%
-77.6%
-109.5%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
69.7%
-11.9%
+8.7%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
1.02x
-90.8%
+936.0%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
