First Financial Northwest, Inc. Reports Net Income of $1.2 Million or $0.13 per Diluted Share for the Fourth Quarter and $1.1 Million or $0.12 per Diluted Share for the Year Ended December 31, 2024
Portfolio Pulse from
First Financial Northwest, Inc. (NASDAQ: FFNW) reported a net income of $1.2 million for Q4 2024, a significant improvement from a net loss in Q3 2024. However, the annual net income for 2024 was $1.1 million, a substantial decrease from $6.3 million in 2023.
January 28, 2025 | 2:30 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
First Financial Northwest, Inc. reported a net income of $1.2 million for Q4 2024, recovering from a net loss in Q3 2024. However, the annual net income for 2024 was $1.1 million, a significant drop from $6.3 million in 2023.
The Q4 2024 results show a recovery from the previous quarter's loss, which is positive. However, the annual results indicate a significant decline in profitability compared to 2023, which could concern investors. The mixed results may lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100