First Financial Northwest, Inc. Declares Quarterly Cash Dividend of $0.13 per Share
28 Mai 2024 - 10:10PM
First Financial Northwest, Inc. (the “Company”)
(NASDAQ GS: FFNW), the holding company for First
Financial Northwest Bank (the “Bank”), today announced that its
Board of Directors has declared a quarterly cash dividend of $0.13
per share on the Company’s outstanding common stock. The cash
dividend will be payable on June 21, 2024, to shareholders of
record on June 7, 2024.
First Financial Northwest, Inc. is the parent
company of First Financial Northwest Bank; an FDIC insured
Washington State-chartered commercial bank headquartered in Renton,
Washington, serving the Puget Sound Region through
15 full-service banking offices. For additional information
about us, please visit our website at ffnwb.com and click on the
“Investor Relations” link at the bottom of the page.
Forward-looking statements:
When used in this press release and in other
documents filed with or furnished to the Securities and Exchange
Commission (the “SEC”), in press releases or other public
stockholder communications, or in oral statements made with the
approval of an authorized executive officer, the words or phrases
“believe,” “will,” “will likely result,” “are expected to,” “will
continue,” “is anticipated,” “estimate,” “project,” “plans,” or
similar expressions are intended to identify “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements are not historical
facts but instead represent management’s current expectations and
forecasts regarding future events many of which are inherently
uncertain and outside of our control. Forward-looking statements
include statements with respect to our beliefs, plans, objectives,
goals, expectations, assumptions and statements about, among other
things, our pending transaction with Global Federal Credit Union
(“Global”) whereby Global, pursuant to the definitive purchase and
assumption agreement (the “P&A Agreement”), will acquire
substantially all of the assets and assume substantially all of the
liabilities of the Bank, expectations of the business environment
in which we operate, projections of future performance or financial
items, perceived opportunities in the market, potential future
credit experience, and statements regarding our mission and vision.
These forward-looking statements are based on current management
expectations and may, therefore, involve risks and uncertainties.
Actual results may differ, possibly materially from those currently
expected or projected in these forward-looking statements made by,
or on behalf of, us and could negatively affect our operating and
stock performance. Factors that could cause our actual results to
differ materially from those described in the forward-looking
statements, include, but are not limited to, the following: the
occurrence of any event, change or other circumstances that could
give rise to the right of one or all of the parties to terminate
the P&A Agreement; delays in completing the P&A Agreement;
the failure to obtain necessary regulatory approvals and
shareholder approvals or to satisfy any of the other conditions to
the Global transaction, including the P&A Agreement, on a
timely basis or at all; delays or other circumstances arising from
the dissolution of the Bank and the Company following completion of
the P&A Agreement; diversion of management’s attention from
ongoing business operations and opportunities during the pending
Global transaction; potential adverse reactions or changes to
business or employee relationships, including those resulting from
the announcement of the Global transaction; potential adverse
impacts to economic conditions in our local market areas, other
markets where the Company has lending relationships, or other
aspects of the Company’s business operations or financial markets,
including, without limitation, as a result of employment levels,
labor shortages and the effects of inflation, a potential recession
or slowed economic growth; changes in the interest rate
environment, including the recent increases in the Federal Reserve
benchmark rate and duration at which such increased interest rate
levels are maintained, which could adversely affect our revenues
and expenses, the value of assets and obligations, and the
availability and cost of capital and liquidity; the impact of
continuing high inflation and the current and future monetary
policies of the Federal Reserve in response thereto; the effects of
any federal government shutdown; increased competitive pressures;
legislative and regulatory changes; the impact of bank failures or
adverse developments at other banks and related negative press
about the banking industry in general on investor and depositor
sentiment; disruptions, security breaches, or other adverse events,
failures or interruptions in, or attacks on, our information
technology systems or on the third-party vendors who perform
several of our critical processing functions; effects of critical
accounting policies and judgments, including the use of estimates
in determining the fair value of certain of our assets, which
estimates may prove to be incorrect and result in significant
declines in valuation; the effects of climate change, severe
weather events, natural disasters, pandemics, epidemics and other
public health crises, acts of war or terrorism, and other external
events on our business; and other factors described in the
Company’s latest Annual Report on Form 10-K and Quarterly Reports
on Form 10-Q and other reports filed with or furnished to the
Securities and Exchange Commission – that are available on our
website at www.ffnwb.com and on the SEC’s website at
www.sec.gov.
Any of the forward-looking statements that we
make in this Press Release and in the other public statements are
based upon management’s beliefs and assumptions at the time they
are made and may turn out to be wrong because of the inaccurate
assumptions we might make, because of the factors illustrated above
or because of other factors that we cannot foresee. Therefore,
these factors should be considered in evaluating the
forward-looking statements, and undue reliance should not be placed
on such statements. We do not undertake and specifically disclaim
any obligation to revise any forward-looking statements to reflect
the occurrence of anticipated or unanticipated events or
circumstances after the date of such statements.
For more information, contact:Joseph W. Kiley
III, President and Chief Executive OfficerRich Jacobson, Executive
Vice President and Chief Financial Officer(425) 255-4400
First Financial Northwest (NASDAQ:FFNW)
Graphique Historique de l'Action
De Nov 2024 à Déc 2024
First Financial Northwest (NASDAQ:FFNW)
Graphique Historique de l'Action
De Déc 2023 à Déc 2024