First Financial Northwest, Inc. (FFNW)

First Financial Northwest Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	67.57	66.94	52.94	50.17	52.55	54.64
Interest Income on Investments	11.09	11.22	6.31	3.63	3.57	4.98
Total Interest Income	78.66	78.16	59.24	53.8	56.11	59.62
Interest Paid on Deposits	39.44	34.41	8.96	7.22	14.01	18
Interest Paid on Borrowings	3.62	3.21	1.93	1.6	1.64	2.72
Total Interest Expense	43.06	37.62	10.89	8.82	15.65	20.71
Net Interest Income	35.6	40.54	48.35	44.98	40.47	38.91
Net Interest Income Growth (YoY)	-18.56%	-16.15%	7.50%	11.14%	4.01%	-5.51%
Trust Income	0.25	0.25	0.31	0.49	0.66	0.88
Gain (Loss) on Sale of Investments	-	-	0.03	0.03	0.09	0.15
Other Non-Interest Income	1.59	1.56	1.97	2.3	2.94	2.38
Total Non-Interest Income	2.77	2.77	3.25	3.7	4.44	4.14
Non-Interest Income Growth (YoY)	-3.11%	-14.60%	-12.27%	-16.68%	7.27%	43.88%
Revenues Before Loan Losses	38.37	43.32	51.6	48.68	44.91	43.05
Provision for Loan Losses	1.2	-0.21	-0.43	0.3	1.9	-0.3
Revenue	37.17	43.52	52.03	48.38	43.01	43.35
Revenue Growth (YoY)	-19.75%	-16.35%	7.55%	12.48%	-0.78%	-9.79%
Salaries and Employee Benefits	19.71	19.76	18.99	17.83	18.41	17.4
Occupancy Expenses	3.71	3.61	3.67	3.5	3.3	2.96
Federal Deposit Insurance	0.7	0.76	0.4	0.46	0.55	0.31
Selling, General & Administrative	11.8	11.07	12.1	11.13	9.8	9.35
Other Non-Interest Expense	0.48	0.47	0.46	0.45	0.45	0.38
Total Non-Interest Expense	36.39	35.67	35.63	33.37	32.51	30.42
EBT Excluding Unusual Items	0.78	7.86	16.41	15.01	10.5	12.93
Other Unusual Items	0.19	-	-	-	-	-
Pretax Income	0.97	7.86	16.41	15.17	10.5	12.93
Income Tax Expense	-0.1	1.55	3.17	2.93	1.94	2.56
Net Income	1.07	6.31	13.24	12.25	8.56	10.37
Preferred Dividends & Other Adjustments	0	0.02	0.04	0.06	0.01	0.02
Net Income to Common	1.06	6.29	13.2	12.19	8.54	10.35
Net Income Growth	-87.21%	-52.38%	8.09%	43.16%	-17.48%	-30.40%
Basic Shares Outstanding	9	9	9	9	10	10
Diluted Shares Outstanding	9	9	9	9	10	10
Shares Change (YoY)	0.27%	0.55%	-3.73%	-3.12%	-3.15%	-3.34%
EPS (Basic)	0.12	0.69	1.47	1.31	0.88	1.04
EPS (Diluted)	0.12	0.69	1.45	1.29	0.88	1.03
EPS Growth	-87.26%	-52.49%	12.40%	47.01%	-14.81%	-27.97%
Dividend Per Share	0.390	0.520	0.480	0.440	0.400	0.350
Dividend Growth	-23.53%	8.33%	9.09%	10.00%	14.29%	12.90%
Effective Tax Rate	-	19.76%	19.31%	19.28%	18.50%	19.81%

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