First Financial Northwest, Inc. Announces Adoption of New Stock Repurchase Plan
03 Outubro 2022 - 5:10PM
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 authorized the repurchase of up to 5.0% of
the Company’s outstanding common stock, or approximately 456,000
shares, on the open market or in privately negotiated transactions,
in accordance with Rule 10b-18 of the Securities Exchange Act of
1934. The new stock repurchase plan will commence on or about
October 31, 2022, and will expire no later than March 17,
2023. The extent to which the Company repurchases its shares and
the timing of such repurchases will depend upon market conditions
and other corporate considerations. As a result, there can be no
assurance as to the exact number of shares, if any, that will be
repurchased under the plan.
The Company repurchased a total of 61,913 shares
of its outstanding common stock at an average price of $16.22 per
share under its most recent stock repurchase plan in effect from
February 18, 2022, through September 16, 2022, which authorized the
repurchase of up to 5% of its outstanding common stock, or
approximately 455,000 shares.
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. Actual results may differ,
possibly materially from those currently expected or projected in
these forward-looking statements. 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 effect of the COVID-19 pandemic, including on our
credit quality and business operations, as well as its impact on
general economic and financial market conditions and other
uncertainties resulting from the COVID-19 pandemic, such as the
extent and duration of the impact on public health, the U.S. and
global economies, and consumer and corporate customers, including
economic activity, employment levels and market liquidity;
increased competitive pressures; changes in the interest rate
environment; legislative and regulatory changes; and other factors
described in the Company’s latest Annual Report on Form 10-K and
Quarterly Reports on Form 10-Q and other filings with 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. These risks could
cause our actual results for 2022 and beyond to differ materially
from those expressed in any forward-looking statements made by, or
on behalf of, us and could negatively affect our operating and
stock performance.
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)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024
First Financial Northwest (NASDAQ:FFNW)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024