First Financial Northwest, Inc. Reports Second Quarter 2008 Net Income of $2.2 Million, or $0.10...

RENTON, Wash., July 25, 2008 (PRIME NEWSWIRE) -- First Financial Northwest, Inc. (the "Company") (Nasdaq:FFNW), the holding company for First Savings Bank Northwest ("Bank"), announced today that net income for the second quarter ended June 30, 2008 was $2.2 million or $0.10 per share as compared to net income of $2.0 million for the quarter ended June 30, 2007, a 13.3% increase. For the six months ended June 30, 2008, net income was $6.7 million or $0.32 per share as compared to net income of $3.7 million for the same period in 2007. The Company became a public company on October 9, 2007 in connection with the completion of its mutual to stock conversion. Mr. Victor Karpiak, Chairman of the Board, President and Chief Executive Officer of the Company, stated, "During the second quarter we experienced continued growth in our... [read full story]