Quarterly ResultOct 29, 2026, 12:01 PM

First Northwest Bancorp Reports Q3 2026 Net Loss of $743K

AI Summary

First Northwest Bancorp reported a net loss of $743,000 for the third quarter of 2026, a decrease from the net income reported in the previous quarter and the same quarter last year. The company experienced an increase in noninterest expense due to a legal settlement, but saw improvements in net interest margin and a decrease in nonperforming loans. Customer deposits also saw growth during the quarter.

Key Highlights

First Northwest Bancorp reported a net loss of $743,000 for Q3 2026, compared to net income of $308,000 in Q2 2026 and $802,000 in Q3 2025.
Basic and diluted loss per share was $0.08 for Q3 2026, compared to earnings per share of $0.03 in Q2 2026 and $0.09 in Q3 2025.
Net interest margin expanded slightly to 2.96% in Q3 2026 from 2.95% in Q2 2026 and 2.91% in Q3 2025.
Noninterest expense increased to $17.3 million in Q3 2026, primarily due to a $1.3 million settlement of a legal matter.
Total assets were $2.14 billion at September 30, 2026, an increase from $2.12 billion at June 30, 2026.
Total customer deposits increased to $1.58 billion at September 30, 2026, from $1.55 billion at June 30, 2026.
Nonperforming loans decreased to $19.9 million at September 30, 2026, from $20.7 million at June 30, 2026.

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First Northwest Bancorp

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