Kevin Padrick - First Financial Independent Director

FFNW Stock  USD 20.44  0.06  0.29%   

Director

Mr. Kevin D. Padrick is an Independent Director of First Financial Northwest, Inc since 2013.
Age 58
Tenure 11 years
Professional MarksMBA
Address 201 Wells Avenue South, Renton, WA, United States, 98057
Phone425 255 4400
Webhttps://www.ffnwb.com
Padrick is a lawyer and Senior Principal and cofounder of Obsidian Finance Group, LLC, a hybrid financial advisory and investment firm based in Lake Oswego, Oregon. Prior to founding Obsidian Finance Group, LLC, Mr. Padrick was a partner with the law firm, Miller Nash, LLP, where he chaired the insolvency department and represented debtors, secured and unsecured creditors, and creditors’ committees. He received BS degrees in mathematics and psychology, and MBA and Juris Doctor degrees from the University of Santa Clara.

First Financial Management Efficiency

Return On Capital Employed is likely to climb to 0.02 in 2024, whereas Return On Tangible Assets are likely to drop 0 in 2024. At this time, First Financial's Non Currrent Assets Other are fairly stable compared to the past year. Non Current Assets Total is likely to climb to about 1.5 B in 2024, whereas Other Assets are likely to drop slightly above 658.5 M in 2024. First Financial's management efficiency ratios could be used to measure how well First Financial manages its routine affairs as well as how well it operates its assets and liabilities.
The company currently holds 127.81 M in liabilities with Debt to Equity (D/E) ratio of 4.74, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Debt can assist First Financial until it has trouble settling it off, either with new capital or with free cash flow. So, First Financial's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like First Financial Northwest sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for First to invest in growth at high rates of return. When we think about First Financial's use of debt, we should always consider it together with cash and equity.

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First Financial Northwest, Inc. operates as the bank holding company for First Financial Northwest Bank that provides commercial banking services in Washington. First Financial Northwest, Inc. was founded in 1923 and is headquartered in Renton, Washington. First Financial operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 144 people. First Financial Northwest (FFNW) is traded on NASDAQ Exchange in USA. It is located in 201 Wells Avenue South, Renton, WA, United States, 98057 and employs 142 people. First Financial is listed under Regional Banks category by Fama And French industry classification.

Management Performance

First Financial Northwest Leadership Team

Elected by the shareholders, the First Financial's board of directors comprises two types of representatives: First Financial inside directors who are chosen from within the company, and outside directors, selected externally and held independent of First. The board's role is to monitor First Financial's management team and ensure that shareholders' interests are well served. First Financial's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, First Financial's outside directors are responsible for providing unbiased perspectives on the board's policies.
Karla Evans, Investor President
Herman Robinson, Chief Credit Officer, Sr. VP, Chief Credit Officer of First Savings Bank Northwest and Sr. VP of First Savings Bank Northwest
Dalen Harrison, Chief Deposit Officer and Senior Vice President
Patricia Remch, Director
Joseph Kiley, President CEO, Director
Joann CPA, Secretary Director
Christine Huestis, Vice President Controller
Kevin Padrick, Independent Director
Randy Riffle, Executive Vice President and Chief Credit Officer
Joann Lee, Independent Director
Joseph III, CEO President
Richard Jacobson, CFO, COO, Executive VP, Director, CFO of First Savings Bank Northwest, COO of First Savings Bank Northwest and Director of First Savings Bank Northwest
Gary Kohlwes, Chairman, Chairman of Audit/Compliance/Risk Committee, Member of Nominating and Corporate Governance Committee, Member of Compensation and Awards Committee, Member of Nominating and Corporate Governance Committee, Chairman of First Savings Bank Northwest and Treasurer of First Savings Bank Northwest
Simon Soh, Chief Lending Officer, Sr. VP, Chief Lending Officer of First Savings Bank Northwest and Sr. VP of First Savings Bank Norhwest
Roger Molvar, Director
Daniel Stevens, Independent Director
Gary Faull, Independent Director
Eva Ngu, Controller VP
Ronnie Clariza, Chief Risk Officer, Sr. VP, Chief Risk Officer of First Savings Bank Northwest and Sr. VP of First Savings Bank Northwest
Gregg DeRitis, Senior Vice President Chief Credit Officer
Richard Riccobono, Director

First Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is First Financial a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards First Financial in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, First Financial's short interest history, or implied volatility extrapolated from First Financial options trading.

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When determining whether First Financial Northwest is a strong investment it is important to analyze First Financial's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact First Financial's future performance. For an informed investment choice regarding First Stock, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Financial Northwest. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
For more information on how to buy First Stock please use our How to Invest in First Financial guide.
You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

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When running First Financial's price analysis, check to measure First Financial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy First Financial is operating at the current time. Most of First Financial's value examination focuses on studying past and present price action to predict the probability of First Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Financial's price. Additionally, you may evaluate how the addition of First Financial to your portfolios can decrease your overall portfolio volatility.
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Is First Financial's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of First Financial. If investors know First will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about First Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.63)
Dividend Share
0.52
Earnings Share
0.69
Revenue Per Share
4.769
Quarterly Revenue Growth
(0.22)
The market value of First Financial Northwest is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Financial's value that differs from its market value or its book value, called intrinsic value, which is First Financial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Financial's market value can be influenced by many factors that don't directly affect First Financial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between First Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Financial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.