NASDAQ : FNWB

First Northwest Bancorp — Financial statements

Financials · Banks - Regional · United States

Last price 10.31 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 91.70M

Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports

Financial statements

Income statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Interest Income on Loans88.24M90.29M93.75M84.61M68.64M55.03M
Interest Income on Investments14.27M16.71M18.59M16.29M11.74M8.64M
Total Interest Income102.52M107.00M112.34M100.90M80.38M63.67M
Interest Paid on Deposits33.10M37.02M42.43M27.02M5.20M3.40M
Interest Paid on Borrowings11.79M12.68M13.59M12.45M5.32M1.98M
Total Interest Expense44.89M49.70M56.02M39.47M10.52M5.37M
Net Interest Income57.62M57.30M56.32M61.43M69.86M58.30M
Gain (Loss) on Sale of Assets7.92M
Gain (Loss) on Sale of Investments-2.12M-5.40M118.00K2.41M
Other Non-Interest Income8.53M10.47M4.96M8.98M7.90M7.95M
Total Non-Interest Income8.82M10.58M11.08M4.02M8.84M15.64M
Revenues Before Loan Losses66.44M67.88M67.40M65.45M78.70M73.94M
Provision for Loan Losses840.00K7.32M16.50M1.32M1.53M1.35M
Revenue65.60M60.56M50.90M64.13M77.17M72.59M
Salaries and Employee Benefits31.30M27.59M31.09M29.10M33.67M30.55M
Occupancy Expenses3.45M3.44M3.90M3.69M4.20M3.44M
Federal Deposit Insurance1.55M1.73M1.88M1.36M888.00K752.00K
Selling, General & Administrative22.42M21.10M17.77M19.32M18.32M15.31M
Other Non-Interest Expense7.27M7.46M5.36M7.98M5.24M4.36M
Total Non-Interest Expense65.99M61.32M59.99M61.45M62.31M54.41M
EBT Excluding Unusual Items-395.00K-753.00K-9.09M2.67M14.85M18.17M
Legal Settlements-1.30M-5.74M
Pretax Income-636.00K-5.43M-7.56M2.67M16.34M18.17M
Income Tax Expense-589.00K-1.24M-944.00K549.00K2.85M3.19M
Earnings From Continuing Operations-47.00K-4.19M-6.61M2.13M13.50M14.98M
Minority Interest in Earnings160.00K2.15M439.00K
Net Income-47.00K-4.19M-6.61M2.29M15.64M15.42M
Preferred Dividends & Other Adjustments4.00K11.00K141.00K505.00K
Net Income to Common-47.00K-4.19M-6.62M2.27M15.50M14.91M
Basic Shares Outstanding8.63M8.79M8.78M8.92M9.08M9.13M
Diluted Shares Outstanding8.63M8.79M8.78M8.94M9.14M9.23M
EPS (Basic)-0.01-0.48-0.750.261.711.63
EPS (Diluted)-0.01-0.48-0.750.261.711.63
Dividend Per Share0.140.280.280.280.25
Effective Tax Rate20.52%17.42%17.58%

Balance sheet

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Cash & Equivalents17.99M85.12M72.45M123.17M45.60M126.02M
Investment Securities411.16M164.84M187.76M171.08M171.90M207.81M
Trading Asset Securities267.00K
Mortgage-Backed Securities125.06M170.31M139.34M168.95M139.97M
Total Investments411.16M289.90M358.34M310.42M340.86M347.78M
Gross Loans1.63B1.70B1.66B1.55B1.37B
Allowance for Loan Losses-16.99M-20.45M-17.51M-16.12M-15.12M
Other Adjustments to Gross Loans-1.45M-1.30M-1.90M-2.80M-4.77M
Net Loans1.61B1.68B1.64B1.53B1.35B
Property, Plant & Equipment24.25M24.06M27.13M24.10M18.09M19.83M
Other Intangible Assets1.06M1.06M1.08M1.09M1.09M1.18M
Loans Held for Sale1.58B1.06M472.00K753.00K597.00K760.00K
Accrued Interest Receivable8.20M6.50M8.16M7.89M6.74M5.29M
Other Current Assets25.74M14.65M16.59M20.83M28.34M20.60M
Long-Term Deferred Tax Assets16.94M13.64M13.74M13.00M14.09M1.56M
Other Real Estate Owned & Foreclosed1.38M
Other Long-Term Assets46.54M45.40M44.43M44.37M43.55M42.60M
Total Assets2.14B2.11B2.23B2.20B2.04B1.92B
Accrued Expenses28.80M22.01M31.05M27.73M31.33M29.23M
Interest Bearing Deposits1.63B1.19B1.26B1.25B1.15B1.16B
Institutional Deposits164.20M174.40M173.80M96.60M75.10M
Non-Interest Bearing Deposits245.76M256.42M252.08M315.08M343.93M
Total Deposits1.63B1.60B1.69B1.68B1.56B1.58B
Short-Term Borrowings115.20M136.62M202.50M167.00M
Current Portion of Leases2.12M
Accrued Interest Payable145.00K1.22M3.29M3.40M455.00K393.00K
Other Current Liabilities2.72M1.42M1.48M1.26M1.38M1.11M
Long-Term Debt311.69M34.64M39.51M39.44M39.36M39.28M
Federal Home Loan Bank Debt, Long-Term160.00M160.00M80.00M80.00M80.00M
Long-Term Leases15.97M14.31M17.54M6.43M
Other Long-Term Liabilities592.00K599.00K817.00K9.00K11.00K
Total Liabilities1.99B1.95B2.08B2.04B1.88B1.73B
Common Stock95.00K95.00K93.00K96.00K97.00K100.00K
Additional Paid-In Capital94.08M93.80M93.36M95.78M95.51M96.13M
Retained Earnings91.27M91.70M97.20M107.35M114.42M103.01M
Comprehensive Income & Other-36.61M-28.33M-36.77M-39.89M-48.46M-8.28M
Total Common Equity148.84M157.26M153.88M163.34M161.57M190.96M
Minority Interest-3.29M-481.00K
Shareholders' Equity148.84M157.26M153.88M163.34M158.28M190.48M
Total Liabilities & Equity2.14B2.11B2.23B2.20B2.04B1.92B
Total Debt327.66M326.29M353.67M328.37M286.36M119.28M
Net Cash (Debt)-224.04M-241.17M-280.96M-205.20M-240.76M6.74M
Net Cash Per Share-25.96-27.43-31.98-22.95-26.330.73
Filing Date Shares Outstanding9.51M8.81M8.73M8.76M8.87M9.08M
Total Common Shares Outstanding9.51M8.83M8.73M8.93M8.90M9.05M
Book Value Per Share15.6517.8117.6318.2818.1521.11
Tangible Book Value147.77M156.20M152.80M162.25M160.48M189.78M
Tangible Book Value Per Share15.5417.6917.5118.1618.0320.97

Cash flow statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Net Income-4.19M-6.61M2.29M15.64M15.42M
Depreciation & Amortization1.27M1.42M1.61M2.05M1.54M
Other Amortization72.00K78.00K78.00K78.00K57.00K
Gain (Loss) on Sale of Investments-25.00K2.73M6.78M1.55M-657.00K
Provision for Credit Losses7.32M16.72M2.36M1.53M1.35M
Net Decrease (Increase) in Loans Originated / Sold - Operating6.00M593.00K282.00K987.00K8.27M
Accrued Interest Receivable1.66M-265.00K-1.15M-1.45M1.68M
Change in Other Net Operating Assets-2.51M6.42M3.56M-834.00K-9.19M
Other Operating Activities-11.39M-5.37M-2.55M-5.17M-1.35M
Operating Cash Flow-2.76M16.88M17.88M15.90M15.15M
Capital Expenditures-1.57M-2.91M-6.02M
Sale of Property, Plant and Equipment417.00K6.51M
Cash Acquisitions63.55M
Investment in Securities79.19M-46.56M34.34M-44.56M15.73M
Net Decrease (Increase) in Loans Originated / Sold - Investing49.76M-47.85M-115.00M-183.69M-210.90M
Other Investing Activities3.56M831.00K-1.97M-6.49M781.00K
Investing Cash Flow132.94M-87.07M-84.19M-237.65M-136.86M
Short-Term Debt Issued7.00M41.00M166.00M
Long-Term Debt Issued30.00M105.00M15.00M79.22M
Total Debt Issued37.00M105.00M56.00M166.00M79.22M
Short-Term Debt Repaid-30.00M-65.00M-5.50M-59.98M
Long-Term Debt Repaid-34.09M-25.00M-15.00M-10.00M
Total Debt Repaid-64.09M-90.00M-20.50M-69.98M
Net Debt Issued (Repaid)-27.09M15.00M35.50M166.00M9.25M
Repurchase of Common Stock-113.00K-4.24M-1.43M-5.83M-6.33M
Common Dividends Paid-1.32M-2.65M-2.70M-2.79M-2.53M
Net Increase (Decrease) in Deposit Accounts-88.92M11.13M112.64M-16.32M182.20M
Other Financing Activities-60.00K224.00K-116.00K268.00K-8.00K
Financing Cash Flow-117.51M19.47M143.89M141.32M182.57M
Net Cash Flow12.67M-50.72M77.57M-80.42M60.86M
Free Cash Flow-2.76M16.88M16.30M12.99M9.14M
Free Cash Flow Margin-4.55%33.16%25.42%16.83%12.59%
Free Cash Flow Per Share-0.311.921.821.420.99
Cash Interest Paid51.83M56.12M36.53M10.45M4.55M
Cash Income Tax Paid12.00K83.00K2.12M4.45M4.27M

Ratios

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Market Capitalization90.99M82.67M88.76M141.90M139.70M182.74M
Last Close Price10.239.3810.0715.3314.4618.71
PE Ratio62.389.0112.25
PS Ratio1.391.361.742.211.812.52
PB Ratio0.650.530.580.870.880.96
P/FCF Ratio5.665.268.7010.7620.00
P/OCF Ratio5.235.267.948.7912.06
Debt / Equity Ratio2.202.082.302.011.810.63
Debt / FCF Ratio20.9620.1422.0513.06
Net Debt / Equity Ratio1.501.531.831.261.52-0.04
Net Debt / FCF Ratio-87.4416.6512.5918.54-0.74
Return on Equity (ROE)-0.03%-2.69%-4.17%1.32%7.74%7.95%
Return on Assets (ROA)-0.00%-0.19%-0.30%0.10%0.68%0.84%
Earnings Yield-0.11%-5.07%-7.45%1.61%11.20%8.44%
FCF Yield17.68%-3.34%19.01%11.49%9.30%5.00%
Dividend Yield1.49%2.75%1.76%1.78%1.24%
Payout Ratio118.11%17.81%16.43%
Buyback Yield / Dilution1.55%-0.07%1.75%2.21%0.92%1.85%
Total Shareholder Return1.55%1.43%4.50%3.98%2.71%3.08%