Table of Contents | (Exact name of registrant as specified in its charter) | | | --- | --- | | Washington | 46-1259100 | | (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer I.D. Number) | | 105 West 8th Street, Port Angeles, Washington | 98362 | | (Address of principal executive offices) | (Zip Code) | | Registrant's telephone number, including area code: | (360) 457-0461 | | Securities registered pursuant to Section 12(b) of the Act: | | | Title of each class: | Trading Symb ...

PORT ANGELES, Wash., July 24, 2025 (GLOBE NEWSWIRE) First Northwest Bancorp Reports Second Quarter 2025 Improved Profitability First Northwest Bancorp (Nasdaq: FNWB) ("First Northwest" or the "Company"), the holding company for First Fed Bank ("First Fed" or the "Bank"), today reported net income of $3.7 million for the second quarter of 2025, compared to a net loss of $9.0 million for the first quarter of 2025 and a net loss of $2.2 million for the second quarter of 2024. Basic and diluted income per share ...

First Northwest Bancorp (FNWB) came out with quarterly earnings of $0.42 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.16 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +366.67%. A quarter ago, it was expected that this company would post earnings of $0.12 per share when it actually produced earnings of $0.17, delivering a surprise of +41.67%.Over the last four quarters, t ...

Core Points - First Northwest Bancorp reported a net income of $3.7 million for Q2 2025, a significant recovery from a net loss of $9.0 million in Q1 2025 and a net loss of $2.2 million in Q2 2024 [1] - The Company recorded Adjusted Pre-Tax, Pre-Provision Net Revenue (PPNR) of $2.1 million in Q2 2025, up from $1.5 million in Q1 2025 and $530,000 in Q2 2024 [2][13] - The Board of Directors decided not to declare a dividend for this quarter, focusing on capital management and long-term strategic objectives [3] - The interim CEO highlighted modest improvements in performance measures, including a net interest margin expansion of seven basis points and a 3% annualized growth in loans compared to the previous quarter [5] Financial Performance - Return on average assets increased to 0.68% in Q2 2025 from -1.69% in Q1 2025 [10] - Net interest margin rose to 2.83% in Q2 2025, compared to 2.76% in Q1 2025 [10] - Efficiency ratio improved to 78.0% in Q2 2025 from 113.5% in Q1 2025, aided by a payroll tax credit [10] - Customer deposits increased by $19.6 million to $1.55 billion at June 30, 2025, from $1.53 billion at March 31, 2025 [10] Credit Quality - The allowance for credit losses on loans decreased to $18.4 million at June 30, 2025, from $20.6 million at March 31, 2025 [16] - Nonperforming loans remained stable at $20.4 million, with a decrease in the ACLL to nonperforming loans ratio to 90% from 101% in the previous quarter [17] - Total interest income increased to $27.1 million in Q2 2025, while total interest expense decreased to $12.9 million [18] Capital and Deposits - Total deposits decreased by $11.4 million to $1.65 billion at June 30, 2025, compared to $1.67 billion at March 31, 2025 [26] - Total shareholders' equity rose to $149.7 million at June 30, 2025, due to net income and changes in the fair market values of investment securities [27] - Capital ratios remain strong, with Common Equity Tier 1 and Total Risk-Based Capital Ratios at 12.1% and 13.1%, respectively [28]

Core Viewpoint - First Northwest Bancorp has appointed Diane C. Davis to its Board of Directors, which is expected to enhance the company's governance and strategic direction as it continues to grow and serve its communities [1][3][6]. Company Overview - First Northwest Bancorp (NASDAQ: FNWB) is a financial holding company that operates First Fed Bank, a financial institution based in the Pacific Northwest, serving customers since 1923 [7]. - First Fed Bank has 18 locations in Washington State, including 12 full-service branches, and focuses on sustainable earnings through a variety of financial products and services [7]. - The company has made strategic investments, including a 2022 investment in The Meriwether Group, LLC, and emphasizes partnerships for modern financial services [7]. Appointment of Diane C. Davis - Diane C. Davis brings over 25 years of leadership experience in the insurance industry, with a strong background in executive management, strategy, risk management, and corporate governance [2][4]. - Her previous roles include Chief Risk Officer and President at Farmers New World Life Insurance Company, and Regional Chief Risk Officer at Zurich Insurance Company Ltd., providing her with extensive risk oversight experience [4]. - Davis holds a Bachelor of Science in Actuarial Science and an MBA, and is a Fellow of the Society of Actuaries, indicating a strong educational background relevant to her board role [5]. Strategic Importance - The appointment of Davis is seen as a significant asset for First Fed Bank, aligning with the company's long-term goals of strong governance and sustainable growth [3][6]. - Davis expressed her commitment to supporting community banks, which play a crucial role in local economies, highlighting her alignment with the company's mission [3]. Recognition and Awards - First Fed Bank has been recognized as a Best Workplace and top Corporate Philanthropist by Puget Sound Business Journal in 2023 and 2024, indicating its strong community presence and employee satisfaction [8].

Core Viewpoint - First Northwest Bancorp has appointed Diane C. Davis to its Board of Directors, enhancing its governance and strategic capabilities as it aims for sustainable growth and community service [1][6]. Company Overview - First Northwest Bancorp (NASDAQ: FNWB) is a financial holding company that operates First Fed Bank, which has been serving the Pacific Northwest since 1923 [7]. - First Fed Bank currently has 18 locations in Washington State, including 12 full-service branches, and focuses on delivering a wide range of financial products and services [7]. - The company emphasizes building sustainable earnings and has made strategic investments, including a 2022 investment in The Meriwether Group, LLC [7]. Appointment of Diane C. Davis - Diane C. Davis brings over 25 years of leadership experience in the insurance industry, with a strong background in executive management, strategy, risk management, and corporate governance [2][4]. - Her previous roles include Chief Risk Officer and President at Farmers New World Life Insurance Company, and Regional Chief Risk Officer at Zurich Insurance Company Ltd. [4]. - Davis holds a Bachelor of Science in Actuarial Science and an MBA, and is a Fellow of the Society of Actuaries [5]. Strategic Importance - The appointment of Davis is seen as a significant asset for First Fed Bank, aligning with its long-term goals of risk oversight and governance [3][6]. - The company aims to strengthen its governance and ensure long-term financial security for its customers and communities through this appointment [6]. Recognition and Awards - First Fed Bank has been recognized as a Best Workplace and top Corporate Philanthropist by Puget Sound Business Journal in 2023 and 2024 [8]. - The bank also received awards for Best Bank and Best Lender in Clallam County in 2024 [8].

PORT ANGELES, Wash., July 09, 2025 (GLOBE NEWSWIRE) -- First Northwest Bancorp (Nasdaq: FNWB) (“First Northwest”) and its wholly owned subsidiary First Fed Bank (“First Fed” and, together with First Northwest, the “Company”) today announced that the boards of directors of First Northwest and First Fed and Matthew P. Deines have mutually agreed that Mr. Deines will resign as President and Chief Executive Officer and as a member of the boards of directors of First Northwest and First Fed, effective as of July ...

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number: 001-36741 FIRST NORTHWEST BANCORP Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or FIRST NORTHWEST BANCORP FORM 10-Q TABLE OF CONTENTS | (Exact name of registran ...

Financial Performance - First Northwest Bancorp reported net income of $1.5 million for Q1 2025, a significant improvement from a net loss of $2.8 million in Q4 2024 and net income of $396,000 in Q1 2024[1]. - Adjusted pre-tax, pre-provision net revenue (PPNR) for Q1 2025 was $1.5 million, up from $1.4 million in the previous quarter and $1.2 million in Q1 2024[2]. - Total revenue for Q1 2025 was $17.9 million, an increase from $15.4 million in the previous quarter[11]. - Net interest income after provision for credit losses increased to $12,279 thousand, compared to $10,482 thousand in the previous quarter, reflecting a 17.2% improvement[34]. - Net income for the quarter was $1,514 thousand, a recovery from a net loss of $2,810 thousand in the previous quarter[34]. - Basic and diluted earnings per share improved to $0.17, compared to a loss of $0.32 per share in the previous quarter[34]. - The return on average assets (GAAP) improved to 0.28% from -0.51% year-over-year[41]. Loan and Deposit Trends - Nonperforming loans decreased by $4.1 million, or 13.5%, to $26.4 million at March 31, 2025, compared to December 31, 2024[13]. - Total net loans decreased by $31.4 million, or 1.9%, to $1.64 billion at March 31, 2025, compared to $1.68 billion at December 31, 2024[19]. - Total deposits decreased by $22.0 million to $1.67 billion at March 31, 2025, compared to $1.69 billion at December 31, 2024[21]. - Commercial business loans decreased by $31.0 million, or 20.5%, compared to the previous quarter[20]. - Total loans outstanding as of March 31, 2025, were $1,663,849 thousand, a decrease from $1,695,823 thousand in the previous quarter[36]. Credit Quality and Allowance - The allowance for credit losses on loans increased to $20.6 million, representing 1.24% of total loans, up from 1.21% at the end of 2024[12]. - Provision for credit losses was $1.55 million for the quarter ended March 31, 2025, compared to $3.76 million for the previous quarter[19]. - Provision for credit losses on loans was $1,553 thousand, significantly lower than $3,760 thousand in the previous quarter, indicating improved credit quality[34]. - The provision for credit losses was $1,568 for the quarter, down from $3,655 in the previous quarter[41]. Expenses and Dividends - Total noninterest expense was relatively unchanged at $14.3 million for Q1 2025, consistent with the previous quarter and Q1 2024[15]. - Total noninterest expense remained stable at $14,249 thousand, slightly up from $14,233 thousand in the previous quarter[34]. - The company declared a quarterly cash dividend of $0.07 per common share, payable on May 23, 2025[2]. - First Northwest Bancorp paid cash dividends totaling $649,000 in Q1 2025, with no shares repurchased under the Stock Repurchase Plan[24]. Asset Management - Total assets as of March 31, 2025, were $2,176,430,000, a decrease from $2,232,006,000 as of December 31, 2024[32]. - Total liabilities were $2,019,388,000 as of March 31, 2025, compared to $2,078,124,000 as of December 31, 2024[32]. - Total shareholders' equity increased to $157.0 million at March 31, 2025, from $153.9 million three months earlier[21]. - Shareholders' equity increased to $157,042,000 as of March 31, 2025, from $153,882,000 as of December 31, 2024[32]. - The company maintained a book value per common share of $16.63, up from $16.45 in the previous quarter[42]. Strategic Initiatives - The company is evaluating the potential for future stock buybacks due to improved profitability[3]. - First Northwest Bancorp focuses on strategic partnerships to enhance modern financial services, including digital payments and marketplace lending[27]. - The company made an investment in The Meriwether Group, LLC, a boutique investment banking and accelerator firm in 2022[27]. - The company has 18 locations in Washington state, including 12 full-service branches[27]. - The company has 846,123 shares remaining available for repurchase under the Repurchase Plan[24]. Market and Economic Conditions - Forward-looking statements indicate potential risks including competitive pressures and changes in the interest rate environment[28]. - The effective duration of the investment securities portfolio was approximately 4.3 years at March 31, 2025[18]. - The market value of the investment securities portfolio increased by $3.1 million during the first quarter of 2025[18]. - Total interest income for the quarter ended March 31, 2025, was $26,823 thousand, a decrease of 4.2% from $28,197 thousand in the previous quarter[34]. - Total interest-earning assets increased to $2,031,741, with a yield of 5.35%, compared to $2,027,821 and a yield of 5.42% in 2024[38]. - The net interest margin remained stable at 2.76% for both periods[38].

First Northwest Bancorp (FNWB) came out with quarterly earnings of $0.17 per share, beating the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $0.04 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 41.67%. A quarter ago, it was expected that this company would post earnings of $0.06 per share when it actually produced a loss of $0.32, delivering a surprise of -633.33%. Over the last four quarters, th ...