Quarterly ResultMay 7, 2026, 03:43 PM

First Northwest Q1 Net Income $6K, Reverses $9.04M Loss YoY

AI Summary

First Northwest Bancorp reported a net income of $6 thousand for the three months ended March 31, 2026, a significant improvement from a net loss of $9.04 million in the prior year period. This turnaround was primarily driven by a substantial reduction in the provision for credit losses. The company also experienced an increase in net interest income and a decrease in total noninterest expense, while total assets and deposits showed modest growth.

Key Highlights

Net income was $6 thousand for Q1 2026, compared to a net loss of $9.04 million in Q1 2025.
Basic and diluted EPS improved to $0 in Q1 2026 from $(1.03) in Q1 2025.
Provision for credit losses decreased significantly to $78 thousand from $7.79 million year-over-year.
Net interest income increased to $14.44 million in Q1 2026 from $13.85 million in Q1 2025.
Total assets grew to $2.13 billion at March 31, 2026, from $2.11 billion at December 31, 2025.
Deposits increased by $2.48 million to $1.60 billion at March 31, 2026.
Total noninterest expense decreased to $16.68 million from $20.00 million year-over-year.

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FNWB

Banks

First Northwest Bancorp

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