First Financial Northwest Inc
First Financial Northwest, Inc. operates as the bank holding company for First Financial Northwest Bank that provides commercial banking services in Washington. The company offers a range of deposit products, including noninterest-bearing accounts, interest-bearing demand accounts, money market accounts, savings accounts, and certificates of deposit. Its loan products comprise one-to-four family … Read more
First Financial Northwest Inc (FFNW) - Net Assets
Latest net assets as of March 2025: $161.56 Million USD
Based on the latest financial reports, First Financial Northwest Inc (FFNW) has net assets worth $161.56 Million USD as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.42 Billion) and total liabilities ($1.26 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $161.56 Million |
| % of Total Assets | 11.34% |
| Annual Growth Rate | 3.31% |
| 5-Year Change | 3.36% |
| 10-Year Change | -5.34% |
| Growth Volatility | 43.3 |
First Financial Northwest Inc - Net Assets Trend (2003–2024)
This chart illustrates how First Financial Northwest Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for First Financial Northwest Inc (2003–2024)
The table below shows the annual net assets of First Financial Northwest Inc from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $161.56 Million | -0.06% |
| 2023-12-31 | $161.66 Million | +0.81% |
| 2022-12-31 | $160.36 Million | +1.57% |
| 2021-12-31 | $157.88 Million | +1.01% |
| 2020-12-31 | $156.30 Million | -0.01% |
| 2019-12-31 | $156.32 Million | +1.68% |
| 2018-12-31 | $153.74 Million | +7.78% |
| 2017-12-31 | $142.63 Million | +3.26% |
| 2016-12-31 | $138.12 Million | -19.07% |
| 2015-12-31 | $170.67 Million | -5.92% |
| 2014-12-31 | $181.41 Million | -1.60% |
| 2013-12-31 | $184.35 Million | -1.48% |
| 2012-12-31 | $187.12 Million | +3.20% |
| 2011-12-31 | $181.32 Million | +3.92% |
| 2010-12-31 | $174.48 Million | -23.65% |
| 2009-12-31 | $228.52 Million | -21.23% |
| 2008-12-31 | $290.11 Million | -6.20% |
| 2007-12-31 | $309.29 Million | +197.27% |
| 2006-12-31 | $104.04 Million | +7.98% |
| 2005-12-31 | $96.35 Million | +6.78% |
| 2004-12-31 | $90.24 Million | +10.78% |
| 2003-12-31 | $81.46 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to First Financial Northwest Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 9489200000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $94.89 Million | 58.74% |
| Common Stock | $93.00K | 0.06% |
| Other Comprehensive Income | $-6.25 Million | -3.87% |
| Other Components | $72.82 Million | 45.08% |
| Total Equity | $161.56 Million | 100.00% |
First Financial Northwest Inc Competitors by Market Cap
The table below lists competitors of First Financial Northwest Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shenzhen Weiye Decoration Group Co Ltd
SHE:300621
|
$147.58 Million |
|
Elridge Energy Holdings Berhad
KLSE:0318
|
$147.60 Million |
|
Hsinli Chemical Industrial
TWO:4303
|
$147.63 Million |
|
Investco Holding AS
IS:INVES
|
$147.70 Million |
|
KENGIC Intelligent Technology Co. Ltd. A
SHG:688455
|
$147.48 Million |
|
FIRST COMMUNITY(S.C.) DL1
F:87Z
|
$147.41 Million |
|
Dongbu Steel Co Ltd
KO:016380
|
$147.39 Million |
|
FERRO SA ZY 1
F:0MN
|
$147.39 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in First Financial Northwest Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 161,660,000 to 161,555,000, a change of -105,000 (-0.1%).
- Net income of 1,072,000 contributed positively to equity growth.
- Dividend payments of 763,000 reduced retained earnings.
- Other comprehensive income increased equity by 1,420,000.
- Other factors decreased equity by 1,834,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.07 Million | +0.66% |
| Dividends Paid | $763.00K | -0.47% |
| Other Comprehensive Income | $1.42 Million | +0.88% |
| Other Changes | $-1.83 Million | -1.14% |
| Total Change | $- | -0.06% |
Book Value vs Market Value Analysis
This analysis compares First Financial Northwest Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.29x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 6.33x to 1.29x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | $3.56 | $22.56 | x |
| 2004-12-31 | $3.95 | $22.56 | x |
| 2005-12-31 | $4.21 | $22.56 | x |
| 2006-12-31 | $4.55 | $22.56 | x |
| 2007-12-31 | $13.53 | $22.56 | x |
| 2008-12-31 | $13.76 | $22.56 | x |
| 2009-12-31 | $12.24 | $22.56 | x |
| 2010-12-31 | $10.02 | $22.56 | x |
| 2011-12-31 | $10.34 | $22.56 | x |
| 2012-12-31 | $10.59 | $22.56 | x |
| 2013-12-31 | $11.10 | $22.56 | x |
| 2014-12-31 | $12.19 | $22.56 | x |
| 2015-12-31 | $12.47 | $22.56 | x |
| 2016-12-31 | $11.48 | $22.56 | x |
| 2017-12-31 | $13.67 | $22.56 | x |
| 2018-12-31 | $14.75 | $22.56 | x |
| 2019-12-31 | $15.51 | $22.56 | x |
| 2020-12-31 | $16.02 | $22.56 | x |
| 2021-12-31 | $16.70 | $22.56 | x |
| 2022-12-31 | $17.62 | $22.56 | x |
| 2023-12-31 | $17.66 | $22.56 | x |
| 2024-12-31 | $17.49 | $22.56 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently First Financial Northwest Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.66%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.85%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 8.82x
- Recent ROE (0.66%) is below the historical average (3.23%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 9.15% | 56.71% | 0.02x | 8.92x | $-692.60K |
| 2004 | 11.14% | 58.70% | 0.02x | 8.60x | $1.03 Million |
| 2005 | 9.42% | 1848.07% | 0.00x | 9.13x | $-561.30K |
| 2006 | 6.81% | 3108.77% | 0.00x | 9.66x | $-3.32 Million |
| 2007 | -1.29% | -16.39% | 0.02x | 3.69x | $-34.91 Million |
| 2008 | 1.61% | 14.20% | 0.03x | 4.29x | $-24.35 Million |
| 2009 | -17.81% | -122.23% | 0.03x | 5.76x | $-63.56 Million |
| 2010 | -31.03% | -159.10% | 0.03x | 6.84x | $-71.58 Million |
| 2011 | 2.34% | 12.09% | 0.03x | 5.84x | $-13.89 Million |
| 2012 | 1.45% | 8.85% | 0.03x | 5.04x | $-16.00 Million |
| 2013 | 13.27% | 74.42% | 0.04x | 5.00x | $6.03 Million |
| 2014 | 5.89% | 32.52% | 0.04x | 5.17x | $-7.45 Million |
| 2015 | 5.37% | 28.40% | 0.03x | 5.74x | $-7.91 Million |
| 2016 | 6.44% | 24.19% | 0.04x | 7.51x | $-4.92 Million |
| 2017 | 5.94% | 21.29% | 0.03x | 8.48x | $-5.78 Million |
| 2018 | 9.69% | 33.82% | 0.04x | 8.15x | $-474.80K |
| 2019 | 6.63% | 24.09% | 0.03x | 8.58x | $-5.26 Million |
| 2020 | 5.47% | 19.05% | 0.03x | 8.88x | $-7.07 Million |
| 2021 | 7.76% | 25.08% | 0.03x | 9.03x | $-3.54 Million |
| 2022 | 8.26% | 25.66% | 0.03x | 9.37x | $-2.80 Million |
| 2023 | 3.90% | 8.07% | 0.05x | 9.31x | $-9.86 Million |
| 2024 | 0.66% | 2.85% | 0.03x | 8.82x | $-15.08 Million |
Industry Comparison
This section compares First Financial Northwest Inc's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| First Financial Northwest Inc (FFNW) | $161.56 Million | 9.15% | 7.82x | $147.53 Million |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |