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First Financial Northwest (First Financial Northwest) Retained Earnings : $96.21 Mil (As of Dec. 2023)


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What is First Financial Northwest Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. First Financial Northwest's retained earnings for the quarter that ended in Dec. 2023 was $96.21 Mil.

First Financial Northwest's quarterly retained earnings increased from Jun. 2023 ($95.90 Mil) to Sep. 2023 ($96.21 Mil) but then stayed the same from Sep. 2023 ($96.21 Mil) to Dec. 2023 ($96.21 Mil).

First Financial Northwest's annual retained earnings increased from Dec. 2021 ($86.16 Mil) to Dec. 2022 ($95.06 Mil) and increased from Dec. 2022 ($95.06 Mil) to Dec. 2023 ($96.21 Mil).


First Financial Northwest Retained Earnings Historical Data

The historical data trend for First Financial Northwest's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

First Financial Northwest Retained Earnings Chart

First Financial Northwest Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 73.32 78.00 86.16 95.06 96.21

First Financial Northwest Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 95.06 95.60 95.90 96.21 96.21

First Financial Northwest Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


First Financial Northwest  (NAS:FFNW) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


First Financial Northwest (First Financial Northwest) Business Description

Traded in Other Exchanges
N/A
Address
201 Wells Avenue South, PO Box 360, Renton, WA, USA, 98057
First Financial Northwest Inc is the holding company for First Financial Northwest Bank and First Financial Diversified. First Financial Northwest Bank is a subsidiary of First Financial Northwest and as such comprises substantially all of the activity for First Financial Northwest. The Bank's business consists predominantly of attracting deposits from the general public, combined with borrowing from the FHLB of Des Moines and raising funds in the wholesale market then utilizing these funds to originate one-to-four family residential, multifamily, commercial real estate, construction/land, business, and consumer loans. The Bank's strategic initiatives seek to diversify its loan portfolio and broaden growth opportunities with its current risk tolerance levels and asset/liability objectives.
Executives
Simon Soh officer: Chief Lending Officer FSBNW 201 WELLS AVENUE SOUTH, RENTON WA 98057
Richard P Jacobson officer: COO of the Bank
Kiley Joseph W Iii director, officer: President and CEO of the Bank IMPERIAL CAPITAL BANCORP INC, 888 PROSPECT STREET SUITE 110, LA JOLLA CA 92037
Cindy L. Runger director 201 WELLS AVENUE SOUTH, RENTON WA 98057
Christine A. Huestis officer: 1st VP/Prin. Acct Officer 201 WELLS AVENUE SOUTH, RENTON WA 98057
Richard M Riccobono director 201 WELLS AVENUE SOUTH, RENTON WA 98057
Ralph C Sabin director C/O PACIFIC VENTURE GROUP, 114 PACIFICA STREET, SUITE 270, IRVINE CA 92618
Diane C. Davis director 201 WELLS AVENUE SOUTH, RENTON WA 98057
Kevin D Padrick director 2055 FIRST STREET, BAKER CITY OR 97814
Patricia M. Remch director 201 WELLS AVENUE SOUTH, RENTON WA 98057
Randy T. Riffle officer: Executive VP and CCO 105 W. 8TH STREET, PORT ANGELES WA 98362
Gary F Faull director 201 WELLS AVENUE SOUTH, RENTON WA 98057
Joann E Lee director 201 WELLS AVENUE SOUTH, RENTON WA 98057
Ronnie J Clariza officer: Sr.VP/Chief Risk Officer 201 WELLS AVENUE SOUTH, RENTON WA 98057
Gregg H. Deritis officer: Senior VP and CCO 201 WELLS AVENUE SOUTH, RENTON WA 98057