FNWB - NASDAQ

First Northwest Bancorp

FNWB·NASDAQ

$10.16

+1.1%

Financial ServicesBanks - Regional

First Northwest Bancorp operates as a bank holding company for First Fed Bank that provides commercial and consumer banking services to individuals, businesses, and nonprofit organizations in western Washington, the United States. It accepts various deposit instruments, including checking, money market deposit, savings, and transaction accounts, as well as certificates of deposit. The company also originates one- to four-family mortgage loans, commercial and multi-family real estate loans, construction and land loans, and commercial business loans, as well as consumer loans primarily consisting of automobile loans, and home-equity loans and lines of credit. It operates through 12 full-service branches and a lending center in Seattle. The company was founded in 1923 and is based in Port Angeles, Washington.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$96.51M

EPS-0.4800

P/E Ratio-21.17

Earnings Date07/23/2026

107.19M

Revenue

-8%

3Y+18.0%

5Y+59.0%

10Y+149.0%

-4.19M

Net Income

-37%

3Y-127.0%

5Y-141.0%

10Y-182.0%

1.43M

Operating Cash Flow

-92%

3Y-91.0%

5Y-89.0%

10Y+26.0%

First Northwest Bancorp Profit Bridge

FNWB · NASDAQ

Revenue & Cost of Sales

Revenue107.19M

Cost of Goods Sold (56.53M)

Gross Profit50.67M

Operating Expenses

Operating Expenses (56.53M)

Operating Income-5.87M

Other Income & Taxes

Interest Expense (49.70M)

Other Income/Expense0.00

Pretax Income-5.87M

Income Tax (-1.68M)

Net Income-4.19M

Net Income

-4.19M

Profitability Analysis

Gross Margin

47.3%

Strong gross margins indicate healthy pricing and efficient production or service delivery.

Operating Margin

-5.5%

Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.

Net Profit Margin

-3.9%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

Profitability Insight

Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.

First Northwest Bancorp Income Statement

FNWB • NASDAQ

First Northwest Bancorp Income Statement	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
REVENUE
Revenue	107.2M	117M	104.9M	90.7M	79.3M	67.5M	56.3M	51.7M	46.6M	43M	38.3M	32.2M	31.5M	31.4M	32.3M	34M	41.2M
GROSS PROFIT
Cost of Revenue	(56.5M)	(72.5M)	(40.8M)	(12.1M)	(6.7M)	(12.8M)	(12.1M)	(10.2M)	(0.0)	(6.4M)	(5M)	(4.6M)	(6M)	(7.4M)	(15.1M)	(9.2M)	(16.1M)
Gross Profit	50.7M	44.5M	64.1M	78.7M	72.6M	54.8M	44.1M	41.5M	46.6M	36.6M	33.3M	27.6M	25.5M	24M	17.2M	24.9M	25.2M
OPERATING INCOME
Operating Expenses	(56.5M)	(52.1M)	(61.5M)	(62.3M)	(54.4M)	(41.5M)	(33M)	(32.8M)	(28.2M)	(29.8M)	(27.9M)	(33M)	(22.1M)	(21.2M)	(21M)	(19.8M)	(25.8M)
Selling, General & Administrative	(19.5M)	(37.3M)	(36.7M)	(41.5M)	(37.5M)	(32M)	(23.7M)	(23.8M)	(28.2M)	(21.6M)	(19.1M)	(16.9M)	(15.5M)	(14.5M)	(13M)	(13.2M)	(16.5M)
Operating Income	-5.9M	-7.6M	2.7M	16.3M	18.2M	13.3M	11.1M	8.7M	7.3M	6.8M	5.4M	-5.4M	3.4M	2.7M	-3.8M	5.1M	-601K
PRE-TAX INCOME
Interest Expense	(49.7M)	(56M)	(39.5M)	(10.5M)	(5.4M)	(7.7M)	(11.4M)	(9M)	(0.0)	(5.2M)	(4.8M)	(4.6M)	(4.7M)	(6M)	(7.1M)	(8.3M)	(11.7M)
Net Interest Income	56.4M	55.1M	60.6M	69.4M	58.1M	43.7M	37.5M	36.5M	0.0	31.5M	27.3M	22.9M	21.8M	19.8M	19.8M	21.2M	22.2M
Other Expenses	(37M)	(14.8M)	(24.7M)	(20.8M)	(16.9M)	(9.5M)	(9.4M)	(9M)	-9.2M	(8.2M)	(8.8M)	(16.2M)	(6.6M)	(6.7M)	(8M)	(6.6M)	(9.2M)
Income Before Tax	-5.9M	-7.6M	2.7M	16.3M	18.2M	13.3M	11.1M	8.7M	7.4M	6.8M	5.4M	-5.4M	3.4M	2.7M	-3.8M	5.1M	-601K
NET INCOME
Income Tax Expense	-1.7M	-944K	(549K)	(2.8M)	(3.2M)	(3M)	(2.1M)	(1.6M)	(4.1M)	(1.7M)	(1.5M)	-354K	(740K)	(422K)	-1.8M	(1.2M)	-602K
Net Income	-4.2M	-6.6M	2.3M	15.6M	15.4M	10.3M	9M	7.1M	3.3M	5.1M	4M	-5.1M	2.7M	2.3M	-2M	3.9M	1K

SEC Filings

FNWB - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	May 22, 2026	May 19, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	May 07, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 04, 2026	May 04, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 29, 2026	April 29, 2026	2026	View Filing
DEF 14A DEF 14A 2026 N/A	April 09, 2026	May 19, 2026	2026	View Filing
10-K 10-K 2025 FY FY	March 12, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	February 04, 2026	February 04, 2026	2026	View Filing
8-K 8-K 2026 N/A	January 29, 2026	January 29, 2026	2026	View Filing
8-K 8-K 2026 N/A	January 08, 2026	January 06, 2026	2026	View Filing
8-K 8-K 2025 N/A	December 10, 2025	December 09, 2025	2025	View Filing

Showing 1 to 10 of 207 filings

Related Guides

Blog Categories

Continue your FNWB research with focused valuation guides.

Fundamentals

Decode statement quality and operating durability.

Accounting

Interpret line items with cleaner analytical framing.

Forecasting

Translate historical performance into forward scenarios.

Reference

Use practical frameworks for statement-led valuation.

Research Paths

Pick your next lens

Snapshot

Start with context, operating signals, and key market metrics.

Value Model

Stress test fair value across bear, base, and bull assumptions.

Statements

Validate revenue quality, margins, and balance sheet durability.

Earnings Call

Read management commentary and compare it with reported outcomes.

Dividends

Check payout sustainability and long-term distribution behavior.

Analyst Expectations

Review consensus spread and where estimate risk is concentrated.