Quarterly ResultJul 29, 2026, 11:41 AM

First Northwest Bancorp Q2 Net Income $308K, EPS $0.03

AI Summary

First Northwest Bancorp reported net income of $308,000 and basic and diluted EPS of $0.03 for Q2 2026, a significant improvement from $6,000 in Q1 2026, though down from $3.7 million in Q2 2025. The company is executing a disciplined transformation to improve operating efficiency and reposition its balance sheet. Key highlights include growth in customer deposits, a rebalancing of the loan portfolio away from commercial real estate, and a decrease in nonperforming loans. Management anticipates accelerated growth in the second half of 2026 and beyond.

Key Highlights

Net income for Q2 2026 was $308,000, up from $6,000 QoQ.
Basic and diluted EPS was $0.03 for Q2 2026.
Customer deposits increased $11.3 million (0.7%) to $1.55 billion.
Total assets decreased $8.6 million (0.4%) to $2.12 billion.
Net loans receivable decreased $15.9 million (1.0%) to $1.60 billion.
Nonperforming loans decreased $971,000 to $20.7 million.
Net interest margin decreased to 2.95% from 3.03% QoQ.
Recapture of provision for credit losses was $337,000.

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FNWB

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First Northwest Bancorp

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