First Financial Northwest Third Quarter 2024 Earnings: Misses Expectations

First Financial Northwest (NASDAQ:FFNW) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$7.56m (down 29% from 3Q 2023).
• Net loss: US$608.0k (down by 141% from US$1.50m profit in 3Q 2023).
• US$0.066 loss per share (down from US$0.16 profit in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

First Financial Northwest Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 3.9%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is expected to decline by 1.2% p.a. on average during the next 2 years, while revenues in the Banks industry in the US are expected to grow by 6.7%.

Performance of the American Banks industry.

The company's shares are down 1.2% from a week ago.

Risk Analysis

Be aware that First Financial Northwest is showing 3 warning signs in our investment analysis and 1 of those is concerning...

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