First Financial Northwest, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
January 28, 2021 at 02:15 pm
Share
First Financial Northwest, Inc. announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced net interest income was USD 10.650 million compared to USD 9.698 million a year ago. Net income was USD 2.647 million compared to USD 2.615 million a year ago. Basic earnings per share from continuing operations was USD 0.28 compared to USD 0.26 a year ago. For the full year, net interest income was USD 40.469 million compared to USD 38.908 million a year ago. Net income was USD 8.556 million compared to USD 10.369 million a year ago. Basic earnings per share from continuing operations was USD 0.88 compared to USD 1.04 a year ago. Diluted earnings per share from continuing operations was USD 0.88 compared to USD 1.03 a year ago.
First Financial Northwest, Inc. is the holding company for First Financial Northwest Bank (the Bank). The Bank focuses on its lending activities primarily on loans secured by commercial real estate, construction/land, first mortgages on one-to-four family residences, multifamily, and business lending. It offers secured consumer loans, including savings account loans, auto loans and home equity loans that include lines of credit and second mortgage term loans. It originates construction/land loans primarily to residential builders for the construction of single-family residences, condominiums, townhouses, multifamily properties and residential developments located in its market area. Its land development loans are generally made to builders for preparation of a building site. Its investment portfolio consists of mortgage-backed securities, municipal bonds, United States government agency obligations, and corporate bonds. It serves King, Snohomish, Pierce and Kitsap counties, Washington.
FIRST FINANCIAL NORTHWEST, INC. 
