First Financial Northwest Management

Management criteria checks 4/4

First Financial Northwest's CEO is Joe Kiley, appointed in Sep 2013, has a tenure of 11.25 years. total yearly compensation is $829.39K, comprised of 61.2% salary and 38.8% bonuses, including company stock and options. directly owns 0.86% of the company’s shares, worth $1.70M. The average tenure of the management team and the board of directors is 11.8 years and 9.3 years respectively.

Key information

Joe Kiley

Chief executive officer

US$829.4k

Total compensation

CEO salary percentage	61.2%
CEO tenure	11.3yrs
CEO ownership	0.9%
Management average tenure	11.8yrs
Board average tenure	9.3yrs

Recent management updates

Recent updates

First Financial Northwest GAAP EPS of $0.31 beats by $0.01, revenue of $12.78M beats by $1.31M

Jul 28

First Financial Northwest (NASDAQ:FFNW) Has Announced A Dividend Of US$0.12

May 20

First Financial Northwest (NASDAQ:FFNW) Is Paying Out A Larger Dividend Than Last Year

Feb 19

First Financial Northwest's (NASDAQ:FFNW) Dividend Will Be US$0.11

Nov 19

First Financial Northwest: An Interesting Little Bank To Keep An Eye On

Aug 28

First Financial Northwest (NASDAQ:FFNW) Will Pay A Dividend Of US$0.11

Aug 19

Should Shareholders Reconsider First Financial Northwest, Inc.'s (NASDAQ:FFNW) CEO Compensation Package?

Jun 03

First Financial Northwest EPS beats by $0.03, beats on revenue

Apr 27

Should First Financial Northwest, Inc. (NASDAQ:FFNW) Be Part Of Your Dividend Portfolio?

Apr 10

CEO Compensation Analysis

How has Joe Kiley's remuneration changed compared to First Financial Northwest's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$1m
Jun 30 2024	n/a	n/a	US$3m
Mar 31 2024	n/a	n/a	US$3m
Dec 31 2023	US$829k	US$508k	US$6m
Sep 30 2023	n/a	n/a	US$8m
Jun 30 2023	n/a	n/a	US$11m
Mar 31 2023	n/a	n/a	US$12m
Dec 31 2022	US$832k	US$508k	US$13m
Sep 30 2022	n/a	n/a	US$13m
Jun 30 2022	n/a	n/a	US$12m
Mar 31 2022	n/a	n/a	US$13m
Dec 31 2021	US$936k	US$493k	US$12m
Sep 30 2021	n/a	n/a	US$12m
Jun 30 2021	n/a	n/a	US$11m
Mar 31 2021	n/a	n/a	US$9m
Dec 31 2020	US$945k	US$478k	US$9m
Sep 30 2020	n/a	n/a	US$9m
Jun 30 2020	n/a	n/a	US$9m
Mar 31 2020	n/a	n/a	US$10m
Dec 31 2019	US$674k	US$464k	US$10m
Sep 30 2019	n/a	n/a	US$10m
Jun 30 2019	n/a	n/a	US$10m
Mar 31 2019	n/a	n/a	US$10m
Dec 31 2018	US$678k	US$451k	US$15m
Sep 30 2018	n/a	n/a	US$15m
Jun 30 2018	n/a	n/a	US$14m
Mar 31 2018	n/a	n/a	US$13m
Dec 31 2017	US$728k	US$438k	US$8m

Compensation vs Market: Joe's total compensation ($USD829.39K) is below average for companies of similar size in the US market ($USD1.41M).

Compensation vs Earnings: Joe's compensation has been consistent with company performance over the past year.

CEO

Joe Kiley (68 yo)

11.3yrs

Tenure

US$829,390

Compensation

Mr. Joseph W. Kiley, III, also known as Joe, has been the Chief Executive Officer and President of First Financial Northwest, Inc. since September 1, 2013. Mr. Kiley has been the Chief Executive Officer an...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Joseph Kiley	President	11.3yrs	US$829.39k	0.86% $ 1.7m
Richard Jacobson	Executive VP	11.3yrs	US$705.51k	0.55% $ 1.1m
Simon Soh	Senior VP & Chief Credit Officer	12.2yrs	US$345.20k	0.60% $ 1.2m
Ronnie Clariza	Senior VP & Chief Risk Officer	no data	US$288.87k	0.91% $ 1.8m
Dalen Harrison	Executive VP & Chief Banking Officer	no data	US$351.11k	0.38% $ 751.2k
Joann Lee	Secretary & Independent Director	13.6yrs	US$70.51k	1.13% $ 2.2m
Eva Ngu	VP, Controller & Principal Accounting Officer	no data	no data	no data
Karla Evans	Assistant Vice President	no data	no data	no data

11.8yrs

Average Tenure

63yo

Average Age

Experienced Management: FFNW's management team is seasoned and experienced (11.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Joseph Kiley	President	12yrs	US$829.39k	0.86% $ 1.7m
Richard Jacobson	Executive VP	11.3yrs	US$705.51k	0.55% $ 1.1m
Joann Lee	Secretary & Independent Director	17.9yrs	US$70.51k	1.13% $ 2.2m
Ralph Sabin	Independent Chairman	5yrs	US$73.72k	0.16% $ 306.7k
Roger Molvar	Independent Director	9.3yrs	US$67.34k	0.20% $ 386.8k
Diane Davis	Independent Director	4.8yrs	US$66.60k	0.074% $ 146.5k
Cindy Runger	Independent Director	3.3yrs	US$66.16k	0.052% $ 102.9k

9.3yrs

Average Tenure

68yo

Average Age

Experienced Board: FFNW's board of directors are considered experienced (9.3 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/23 11:45
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

First Financial Northwest, Inc. is covered by 7 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Jeffrey Rulis	D.A. Davidson & Co.
null null	D.A. Davidson & Co.
Christopher Marinac	FIG Partners

First Financial Northwest Management

Management criteria checks 4/4

Key information

Recent management updates

CFO & Director exercised options and sold US$348k worth of stock

President exercised options to buy US$558k worth of stock.

Executive VP & Chief Banking Officer exercised options to buy US$113k worth of stock.

First Financial Northwest, Inc., Annual General Meeting, May 23, 2024

President exercised options to buy US$102k worth of stock.

Insufficient new directors

Recent updates

New minor risk - Earnings quality

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

CFO & Director exercised options and sold US$348k worth of stock

President exercised options to buy US$558k worth of stock.

Consensus EPS estimates increase by 233%, revenue downgraded

New major risk - Revenue and earnings growth

Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Now 21% overvalued after recent price rise

Now 20% overvalued after recent price rise

Executive VP & Chief Banking Officer exercised options to buy US$113k worth of stock.

First quarter dividend of US$0.13 announced

First Financial Northwest, Inc. Declares Quarterly Cash Dividend, Payable on June 21, 2024

Now 24% overvalued after recent price rise

Consensus EPS estimates fall by 77%

First quarter 2024 earnings: EPS and revenues miss analyst expectations

New minor risk - Dividend sustainability

First Financial Northwest, Inc., Annual General Meeting, May 23, 2024

Full year 2023 earnings: EPS in line with expectations, revenues disappoint

Upcoming dividend of US$0.13 per share

First Financial Northwest (NASDAQ:FFNW) Has Announced A Dividend Of $0.13

Fourth quarter dividend of US$0.13 announced

First Financial Northwest, Inc. Declares Quarterly Cash Dividend, Payable on March 28, 2024

Consensus EPS estimates fall by 38%

Consensus EPS estimates fall by 29%

New minor risk - Profit margin trend

Price target increased by 14% to US$16.75

Investor sentiment improves as stock rises 46%

Upcoming dividend of US$0.13 per share at 4.3% yield

Price target decreased by 7.4% to US$14.00

First Financial Northwest, Inc. Declares Quarterly Cash Dividend, Payable on December 22, 2023

Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

New minor risk - Market cap size

President exercised options to buy US$102k worth of stock.

Upcoming dividend of US$0.13 per share at 4.2% yield

First Financial Northwest, Inc. Declares Quarterly Cash Dividend, Payable on September 22, 2023

Consensus EPS estimates fall by 16%

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

Upcoming dividend of US$0.13 per share at 5.1% yield

First Financial Northwest, Inc. Declares Quarterly Cash Dividend, Payable on June 23, 2023

Investor sentiment deteriorates as stock falls 17%

Consensus EPS estimates fall by 29%

Price target decreased by 9.9% to US$15.88

Insufficient new directors

Now 20% undervalued after recent price drop

Full year 2022 earnings: EPS misses analyst expectations

Now 21% undervalued after recent price drop

Upcoming dividend of US$0.13 per share at 3.4% yield

Consensus EPS estimates fall by 14%

Consensus EPS estimates fall by 14%, revenue upgraded

First Financial Northwest, Inc. Declares Quarterly Cash Dividend, Payable on March 24, 2023

Full year 2022 earnings: EPS misses analyst expectations

Upcoming dividend of US$0.12 per share

First Financial Northwest (NASDAQ:FFNW) Has Affirmed Its Dividend Of $0.12

First Financial Northwest, Inc. Declares Quarterly Cash Dividend, Payable on December 16, 2022

Consensus forecasts updated

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

First Financial Northwest authorizes 5% buyback

Senior VP & Chief Credit Officer exercised options and sold US$187k worth of stock

Upcoming dividend of US$0.12 per share

First Financial Northwest (NASDAQ:FFNW) Will Pay A Dividend Of $0.12

First Financial Northwest, Inc. Declares Quarterly Cash Dividend, Payable on September 16, 2022

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

First Financial Northwest GAAP EPS of $0.31 beats by $0.01, revenue of $12.78M beats by $1.31M

Executive VP notifies of intention to sell stock

Now 22% undervalued after recent price drop

Upcoming dividend of US$0.12 per share

First Financial Northwest (NASDAQ:FFNW) Has Announced A Dividend Of US$0.12

First Financial Northwest, Inc. Declares Quarterly Cash Dividend, Payable on June 17, 2022

Consensus EPS estimates increase by 13%