First Financial Northwest, INC

Market Movers (8-K)

First Financial Northwest declares an initial liquidating distribution of $22 per share, totaling approximately $203 million, as part of its Plan of Dissolution.
First Financial Northwest finalized the sale of its banking assets to Global Federal Credit Union for $228.7 million and will delist from Nasdaq.
First Financial Northwest Bank amends executive retirement plans and finalizes severance agreements as it prepares for acquisition by Global Federal Credit Union.
First Financial Northwest, Inc. and Global Federal Credit Union jointly announced the expected closing date of April 11, 2025, for Global's acquisition of substantially all assets and assumption of liabilities of First Financial Northwest Bank.
Delay expected
First Financial Northwest, Inc. and Global Federal Credit Union announce the receipt of final regulatory approval from the NCUA for Global's acquisition of substantially all assets and liabilities of First Financial Northwest Bank, expected to close early in the second quarter of 2025.
First Financial Northwest, Inc. announced a net income of $1.2 million for the fourth quarter of 2024, a significant improvement from the previous quarter's loss, while full-year earnings declined compared to 2023.
Worse than expected
Delay expected

Quarterly Earnings (10-Q)

First Financial Northwest reported a net loss of $608,000 for the third quarter of 2024, impacted by decreased net interest income and increased credit loss provisions, while navigating a pending acquisition.
Worse than expected
Delay expected
First Financial Northwest's second-quarter earnings show a slight increase in net income despite a decrease in net interest income, as the company navigates a pending acquisition by Global Federal Credit Union.
Delay expected
Worse than expected
First Financial Northwest reported a net loss of $1.1 million for the first quarter of 2024, impacted by increased interest expenses and acquisition-related costs.
Worse than expected

Annual Reports (10-K)

First Financial Northwest files an amendment to its 2024 annual report to include Part III information due to the upcoming dissolution of the company after the acquisition of its banking operations by Global Federal Credit Union.
First Financial Northwest's 2024 results reflect a decrease in net income, while the acquisition by Global Federal Credit Union is anticipated to finalize in the second quarter of 2025.
Worse than expected
Delay expected
First Financial Northwest, Inc. released its 2023 annual report, highlighting financial performance and strategic shifts, while also detailing the pending acquisition by Global Federal Credit Union.
Worse than expected

Insider Trading (Form 4)

Richard Jacobson, Executive VP and CFO of First Financial Northwest, reports the cancellation of his stock options for a cash payment of $330,000 following the asset sale to Global Federal Credit Union.
Simon Soh, Senior VP/CCO of First Financial Northwest, Inc., reports the vesting of restricted stock and subsequent withholding of shares for tax obligations.
Richard P. Jacobson, Executive VP and CFO of First Financial Northwest, Inc., reports a transaction involving common stock due to vesting of restricted stock.
Ronnie J. Clariza, Senior VP/CRO of First Financial Northwest, reports the vesting of restricted stock and subsequent withholding of shares for tax obligations.
Joann E. Lee, a director of First Financial Northwest, Inc., reports a charitable gift of 9,311 shares of common stock on February 20, 2025.
Richard P. Jacobson, Executive VP and CFO of First Financial Northwest, Inc., exercised stock options and sold shares on October 11, 2024.

Proxy Statements (Def-14A)

First Financial Northwest, Inc. is seeking shareholder approval for its acquisition by Global Federal Credit Union, involving an asset sale, bank liquidation, and company dissolution.
First Financial Northwest, Inc. will hold its virtual annual meeting of shareholders on May 23, 2024, to vote on director elections, executive compensation, and the ratification of Moss Adams LLP as the independent auditor, while also addressing the pending acquisition by Global Federal Credit Union.

Schedule 13G - Passive Investments

Dimensional Fund Advisors LP has filed a Schedule 13G, reporting no beneficial ownership of common stock in First Financial Northwest Inc. as of March 31, 2026.
Renaissance Technologies LLC and Renaissance Technologies Holdings Corporation have filed an amended Schedule 13G, reporting zero beneficial ownership in First Financial Northwest, Inc. as of December 31, 2025.
Worse than expected