8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported):  April 24, 2014

First Financial Northwest, Inc.

(Exact name of registrant as specified in its charter)

Washington	001-3365	26-0610707
State or other jurisdiction of Incorporation	Commission File Number	(I.R.S. Employer Identification No.)
201 Wells Avenue South, Renton, Washington		98057
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number (including area code) (425) 255-4400

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions.

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01  Other Events

On April 24, 2014, First Financial Northwest, Inc. (the “Company”) announced that its Board of Directors declared a quarterly cash dividend of $0.05 per share on the Company’s common stock.  Shareholders of the Company’s common stock at the close of business on June 6, 2014 will be entitled to receive the cash dividend, which will be payable on June 20, 2014.

The Company also announced that the Board of Directors had authorized the repurchase of up to 1,645,414 shares of the Company’s common stock, or 10 percent of the Company’s outstanding shares. The shares may be purchased through September 16, 2014, depending upon market conditions and other factors.

The news release announcing the quarterly cash dividend and stock repurchase is attached as Exhibit 99.1 and incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits

(d)           Exhibits

The following exhibit is being furnished herewith and this list shall constitute the exhibit index:

99.1           Press Release dated April 24, 2014

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

	FIRST FINANCIAL NORTHWEST, INC.
DATE: April 24, 2014	By: /s/Richard P. Jacobson
	Richard P. Jacobson
	Chief Financial Officer

EX-99

	Exhibit 99.1
**For Immediate Release**	For more information, contact: Joseph W. Kiley III, President and Chief Executive Officer Rich Jacobson, Executive Vice President and Chief Financial Officer (425) 255-4400

First Financial Northwest, Inc.

Announces  Quarterly Cash Dividend and

Stock Repurchase Program

RENTON, WASHINGTON – April 24, 2014, First Financial Northwest, Inc. (the “Company”) (NASDAQ: FFNW), the holding company for First Savings Bank Northwest (“Bank”), today announced that its Board of Directors has declared a quarterly cash dividend of $0.05 per share on the Company’s outstanding common stock. The cash dividend will be payable on June 20, 2014, to shareholders of record as of the close of business on June 6, 2014. “In February of this year, we increased our quarterly cash dividend by 25 percent from $0.04 per share to $0.05 per share,” says Joseph W. Kiley III, President and Chief Executive Officer. “We are pleased to continue the $0.05 per share dividend, as we continue to ‘right-size’ our capital to benefit all shareholders,” concluded Mr. Kiley.

Additionally, the Company announced that its Board of Directors has authorized the repurchase of up to 1,645,414 shares of the Company’s common stock, or 10 percent of the Company’s outstanding shares. The shares may be purchased through September 16, 2014, depending upon market conditions and other factors. The Company completed the 2013 stock repurchase programs with the purchase of 2,728,018 shares of its common stock.

First Financial Northwest, Inc. is the parent company of First Savings Bank Northwest; a Washington chartered stock savings bank headquartered in Renton, Washington, serving the Puget Sound Region through its full-service banking office. For additional information please visit the Bank’s website at www.fsbnw.com and click on the “Investor Relations” section.

Forward Looking Statements:

Statements in this news release regarding future events, performance or results are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 (“PSLRA”) and are made pursuant to the safe harbors of the PSLRA.  Actual results could be materially different from those expressed or implied by the forward-looking statements.  Factors that could cause results to differ include but are not limited to: general economic and banking business conditions, competitive conditions between banks and non-bank financial service providers, interest rate fluctuations, regulatory and accounting changes, the value of mortgage servicing rights, risks related to construction and development lending, commercial and small business banking and other risks.  Additional factors that could cause actual results to differ materially are disclosed in First Financial Northwest, Inc.'s recent filings with the Securities and Exchange Commission, including but not limited to its Annual Report on Form 10-K for the year ended December 31, 2013, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.  Forward-looking statements are accurate only as of the date released, and we do not undertake any responsibility to update or revise any forward-looking statements to reflect subsequent events or circumstances.