First Financial Northwest, Inc. (FFNW)

First Financial Northwest Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	66.94	66.94	52.94	50.17	52.55
Interest Income on Investments	10.43	11.22	6.31	3.63	3.57
Total Interest Income	77.37	78.16	59.24	53.8	56.11
Interest Paid on Deposits	39.12	34.41	8.96	7.22	14.01
Interest Paid on Borrowings	3.49	3.21	1.93	1.6	1.64
Total Interest Expense	42.61	37.62	10.89	8.82	15.65
Net Interest Income	34.76	40.54	48.35	44.98	40.47
Net Interest Income Growth (YoY)	-14.26%	-16.15%	7.50%	11.14%	4.01%
Trust Income	0.28	0.25	0.31	0.49	0.66
Gain (Loss) on Sale of Investments	-	-	0.03	0.03	0.09
Other Non-Interest Income	1.59	1.56	1.97	2.3	2.94
Total Non-Interest Income	2.8	2.77	3.25	3.7	4.44
Non-Interest Income Growth (YoY)	0.83%	-14.60%	-12.27%	-16.68%	7.27%
Revenues Before Loan Losses	37.56	43.32	51.6	48.68	44.91
Provision for Loan Losses	-0.05	-0.21	-0.43	0.3	1.9
Revenue	37.61	43.52	52.03	48.38	43.01
Revenue Growth (YoY)	-13.59%	-16.35%	7.55%	12.48%	-0.78%
Salaries and Employee Benefits	20.65	19.76	18.99	17.83	18.41
Occupancy Expenses	4.79	3.61	3.67	3.5	3.3
Federal Deposit Insurance	0.66	0.76	0.4	0.46	0.55
Selling, General & Administrative	10.11	11.07	12.1	11.13	9.8
Other Non-Interest Expense	0.48	0.47	0.46	0.45	0.45
Total Non-Interest Expense	36.69	35.67	35.63	33.37	32.51
EBT Excluding Unusual Items	0.92	7.86	16.41	15.01	10.5
Pretax Income	0.92	7.86	16.41	15.17	10.5
Income Tax Expense	-0.16	1.55	3.17	2.93	1.94
Net Income	1.07	6.31	13.24	12.25	8.56
Preferred Dividends & Other Adjustments	-	0.02	0.04	0.06	0.01
Net Income to Common	1.07	6.29	13.2	12.19	8.54
Net Income Growth	-83.00%	-52.38%	8.09%	43.16%	-17.48%
Basic Shares Outstanding	9	9	9	9	10
Diluted Shares Outstanding	9	9	9	9	10
Shares Change (YoY)	0.93%	0.55%	-3.73%	-3.12%	-3.15%
EPS (Basic)	0.12	0.69	1.47	1.31	0.88
EPS (Diluted)	0.12	0.69	1.45	1.29	0.88
EPS Growth	-83.06%	-52.49%	12.40%	47.01%	-14.81%
Dividend Per Share	0.260	0.520	0.480	0.440	0.400
Dividend Growth	-50.00%	8.33%	9.09%	10.00%	14.29%
Effective Tax Rate	-	19.76%	19.31%	19.28%	18.50%

Source: S&P Capital IQ. Banks template. Financial Sources.