Financial Performance - First Northwest Bancorp reported a net income of $382,000 for Q4 2025, down from $802,000 in Q3 2025 and a net loss of $2.8 million in Q4 2024[2]. - Basic and diluted earnings per share were $0.04 for Q4 2025, compared to $0.09 in Q3 2025 and a loss of $0.32 in Q4 2024[2]. - Net income for the quarter was $382,000, a decrease from $802,000 in the previous quarter and a loss of $9,036,000 in the same quarter last year[42]. - Net interest income after provision for credit losses was $14,127,000 for the quarter, compared to $10,482,000 in the same quarter last year, reflecting an increase of 34.0%[35]. - Adjusted PPNR for the quarter was $478,000, up from $340,000 in the previous quarter and $1,469,000 in the same quarter last year[42]. Interest Income and Expense - Total interest income decreased by $773,000 to $26.1 million for Q4 2025, down from $26.9 million in Q3 2025 and $28.2 million in Q4 2024[17]. - Total interest expense decreased by $894,000 to $11.5 million for Q4 2025, compared to $12.3 million in Q3 2025 and $14.1 million in Q4 2024[17]. - Interest expense on deposits decreased to $8,648,000 for the quarter, down from $11,175,000 in the same quarter last year, a reduction of 22.6%[35]. - The company reported a total interest expense of $11,447,000 for the quarter, down from $14,060,000 in the same quarter last year, reflecting a decrease of 18.6%[35]. Asset Quality - The allowance for credit losses on loans increased to $17.0 million at December 31, 2025, from $16.2 million at September 30, 2025, representing 1.04% of total loans[14]. - Nonperforming loans rose by $9.2 million to $22.6 million at December 31, 2025, from $13.4 million at September 30, 2025[15]. - Total past due loans as a percentage of total loans increased to 1.21% at December 31, 2025, compared to 0.88% at September 30, 2025[22]. - The provision for credit losses for the quarter was $563,000, compared to a recapture of $673,000 in the previous quarter and a provision of $7,785,000 in the same quarter last year[42]. Deposits and Funding - Total deposits decreased by $54.2 million to $1.6 billion as of December 31, 2025, compared to $1.7 billion at September 30, 2025, and decreased by $88.9 million year-over-year[24]. - Brokered deposits decreased by $17.9 million, or 17.1%, to $86.5 million at December 31, 2025, compared to $104.4 million at September 30, 2025[8]. - The average balance of brokered CDs decreased by $99.2 million year-over-year, contributing to the overall decline in total deposits[24]. - The customer deposit mix shifted towards increased average savings account balances, with savings accounts increasing by 2.8% quarter-over-quarter and 16.7% year-over-year[25]. Capital and Equity - Total shareholders' equity increased to $157.3 million at December 31, 2025, from $154.5 million three months earlier, driven by a net income of $382,000[25]. - Common Equity Tier 1 and Total Risk-Based Capital Ratios for the Bank were 12.5% and 13.6%, respectively, indicating strong capital levels[26]. - Total tangible common equity reached $155,900,000, up from $153,131,000 in the previous quarter and $144,995,000 a year ago[43]. - Book value per common share increased to $16.61, up from $16.33 in the previous quarter and $15.52 a year ago[43]. Operational Efficiency - The efficiency ratio improved to 92.0% in Q4 2025 from 104.9% in Q3 2025[9]. - Noninterest expense decreased by $488,000 to $16.9 million for Q4 2025, compared to $17.4 million in Q3 2025, primarily due to a reduction in legal fees[17]. - Total noninterest income increased to $3,690,000 for the quarter, up from $1,300,000 in the same quarter of the previous year, marking a significant increase of 184.6%[35]. Loans and Advances - Advances increased by $48.5 million, or 21.6%, to $273.5 million at December 31, 2025, partially offsetting a $54.2 million decrease in deposit balances[8]. - Total loans outstanding were $1,628,112 million as of December 31, 2025, slightly up from $1,623,132 million in the previous quarter[37]. - Total construction and land loans amounted to $61,268 million as of December 31, 2025, a decrease from $67,793 million on September 30, 2025[37]. - Total commercial business loans increased to $130,311 million, up from $113,160 million in the prior quarter[37]. Recognition and Strategy - The company has been recognized as the Best Bank in Clallam County by Forbes and received multiple awards for its services[27]. - The company is focused on building sustainable earnings through a full array of financial products and services, emphasizing innovation and growth in the financial services sector[28].

分组1 - First Northwest Bancorp (FNWB) reported quarterly earnings of $0.04 per share, missing the Zacks Consensus Estimate of $0.09 per share, compared to a loss of $0.32 per share a year ago, representing an earnings surprise of -55.56% [1] - The company posted revenues of $18.38 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 7.49%, and compared to year-ago revenues of $15.44 million [2] - The stock has gained approximately 14.3% since the beginning of the year, outperforming the S&P 500's gain of 1.9% [3] 分组2 - The current consensus EPS estimate for the coming quarter is $0.15 on $16.8 million in revenues, and $0.75 on $71.1 million in revenues for the current fiscal year [7] - The Zacks Industry Rank for Banks - West is currently in the top 21% of over 250 Zacks industries, indicating that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [8]

Core Insights - First Northwest Bancorp reported a net income of $382,000 for Q4 2025, a decrease from $802,000 in Q3 2025 and a significant improvement from a net loss of $2.8 million in Q4 2024 [1] - The company aims to enhance its performance by leveraging data for operational efficiency, strengthening its core deposit base, and focusing on relationship-based loan growth [2] - The Board of Directors did not declare a dividend for the current quarter, reflecting a disciplined approach to capital management [4] Financial Performance - Net interest margin increased to 3.00% in Q4 2025 from 2.91% in Q3 2025, attributed to a decrease in rates paid on interest-bearing liabilities [7] - Total interest income decreased by $773,000 to $26.1 million in Q4 2025 compared to Q3 2025, and decreased by $2.1 million from Q4 2024 [16] - Total noninterest income rose by $1.7 million to $3.7 million in Q4 2025, driven by a reimbursement from the Bank's insurance carrier [16] Deposits and Loans - Total deposits decreased by $54.2 million to $1.6 billion at December 31, 2025, compared to $1.7 billion at September 30, 2025 [22] - Net loans increased by $4.2 million, or 0.3%, to $1.6 billion at December 31, 2025, from $1.6 billion at September 30, 2025 [19] - The customer deposit mix shifted towards increased average savings account balances while average balances of other accounts decreased [23] Credit Quality - The allowance for credit losses on loans increased to $17.0 million at December 31, 2025, from $16.2 million at September 30, 2025 [12] - Nonperforming loans rose to $22.6 million at December 31, 2025, from $13.4 million at September 30, 2025 [13] - The ratio of allowance for credit losses to nonperforming loans decreased to 75% at December 31, 2025, from 121% at September 30, 2025 [13] Capital and Equity - Total shareholders' equity increased to $157.3 million at December 31, 2025, compared to $154.5 million three months earlier [24] - The Bank was categorized as "well-capitalized" at December 31, 2025, with Common Equity Tier 1 and Total Risk-Based Capital Ratios at 12.5% and 13.6%, respectively [25]

分组1 - Hope Bancorp reported quarterly earnings of $0.27 per share, exceeding the Zacks Consensus Estimate of $0.26 per share, and showing an increase from $0.20 per share a year ago, resulting in an earnings surprise of +3.85% [1] - The company achieved revenues of $145.76 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 0.52%, and up from $118.02 million year-over-year [2] - Hope Bancorp has outperformed the S&P 500, with shares increasing about 7.5% since the beginning of the year compared to the S&P 500's gain of 1.5% [3] 分组2 - The current consensus EPS estimate for the upcoming quarter is $0.27 on revenues of $145.85 million, and for the current fiscal year, it is $1.19 on revenues of $600.2 million [7] - The Zacks Industry Rank indicates that the Banks - West sector is in the top 32% of over 250 Zacks industries, suggesting a favorable outlook for companies within this sector [8]

分组1 - Bank of Marin (BMRC) reported quarterly earnings of $0.59 per share, exceeding the Zacks Consensus Estimate of $0.51 per share, and up from $0.38 per share a year ago, representing an earnings surprise of +16.44% [1] - The company posted revenues of $34.17 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 2.47%, compared to $27.98 million in the same quarter last year [2] - Bank of Marin has outperformed the market with a 1.6% increase in shares since the beginning of the year, compared to the S&P 500's gain of 1% [3] 分组2 - The current consensus EPS estimate for the coming quarter is $0.55 on revenues of $34.2 million, and for the current fiscal year, it is $2.28 on revenues of $143.85 million [7] - The Zacks Industry Rank for Banks - West is in the top 36% of over 250 Zacks industries, indicating a favorable outlook for the industry [8] - The estimate revisions trend for Bank of Marin was favorable ahead of the earnings release, resulting in a Zacks Rank 1 (Strong Buy) for the stock, suggesting expected outperformance in the near future [6]

Core Insights - First Fed Bank and its holding company, First Northwest Bancorp, announced the retirement of Norman J. Tonina, Jr. from the Boards of Directors effective December 9, 2025 [1] - Tonina served on the First Fed Board since 2012 and was an inaugural member of the FNWB Board starting in 2015, contributing significantly to the executive search and recruitment process [2][3] 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 since 1923, with 17 locations in Washington state [5] - The company focuses on sustainable earnings by offering a full range of financial products and services to individuals, small businesses, non-profits, and commercial customers [5] - First Northwest Bancorp was incorporated in 2012 and completed its initial public offering in 2015 under the ticker symbol FNWB [5] Leadership and Governance - Tonina was Chair of the Nominating and Corporate Governance Committee during his tenure and emphasized the importance of thoughtful succession planning [3][4] - The Nominating and Corporate Governance Committee is actively engaged in succession planning and will assess the need for a new Board member [4]

Financial Performance - Net interest income increased to $14,569 thousand for the three months ended September 30, 2025, compared to $14,020 thousand for the same period in 2024, reflecting a growth of about 3.9%[13] - The net income for the three months ended September 30, 2025, was $802 thousand, a recovery from a net loss of $1,980 thousand in the same period of 2024[13] - Basic earnings per share improved to $0.09 for the three months ended September 30, 2025, compared to a loss of $0.23 per share in the same period of 2024[13] - Comprehensive income for the three months ended September 30, 2025, was $4,571 thousand, compared to $3,193 thousand for the same period in 2024, reflecting an increase of approximately 43.1%[15] - The company recorded a net loss of $4.6 million for the nine months ended September 30, 2025, compared to a net loss of $3.8 million for the same period in 2024[193] - Net interest income increased by $426,000 to $42.6 million for the nine months ended September 30, 2025, from $42.2 million for the same period in 2024[194] - Total interest income decreased by $3.3 million, or 3.9%, to $80.9 million for the nine months ended September 30, 2025, primarily due to lower yields on interest-earning assets[198] Asset and Liability Management - Total assets decreased to $2,111,373 thousand as of September 30, 2025, down from $2,232,006 thousand at December 31, 2024, representing a decline of approximately 5.4%[11] - Total liabilities decreased to $1,956,845 thousand as of September 30, 2025, down from $2,078,124 thousand at December 31, 2024, a reduction of approximately 5.8%[11] - Shareholders' equity increased slightly to $154,528 thousand as of September 30, 2025, compared to $153,882 thousand at December 31, 2024[11] - Cash and cash equivalents at the end of the period were $79,289 thousand, a decrease from $82,722 thousand in the previous year[23] - Total deposits as of September 30, 2025, amounted to $1,653.3 million, a decrease of 2.1% from $1,688.0 million on December 31, 2024[73] Credit Quality and Losses - The provision for credit losses showed a recapture of $673 thousand for the three months ended September 30, 2025, compared to a provision of $3,134 thousand in the same period of 2024, indicating a significant improvement in credit quality[13] - The allowance for credit losses on loans was $16,203,000 as of September 30, 2025, compared to $20,449,000 as of December 31, 2024[46] - Nonperforming loans decreased by $17.1 million, or 56.2%, to $13.4 million at September 30, 2025, compared to $30.5 million at December 31, 2024[172] - The company reported a total of $2,125 thousand in gross charge-offs for the year, with $8,172 thousand in the prior year[54] - The provision for credit losses on loans was $6.9 million for the nine months ended September 30, 2025, compared to $13.0 million for the same period in 2024[202] Noninterest Income and Expenses - Noninterest income totaled $2,002 thousand for the three months ended September 30, 2025, compared to $1,779 thousand for the same period in 2024, marking an increase of approximately 12.5%[13] - Total noninterest expense rose to $17,390 thousand for the three months ended September 30, 2025, compared to $15,848 thousand in the same period of 2024, an increase of about 9.7%[13] - Noninterest income decreased by $3.4 million, or 29.7%, to $8.0 million for the nine months ended September 30, 2025, from $11.3 million for the same period in 2024[202] - Noninterest expense increased by $4.4 million, or 9.6%, to $50.2 million for the nine months ended September 30, 2025, compared to $45.8 million for the same period in 2024[204] Investment and Securities - The total securities available for sale amounted to $282,608 thousand as of September 30, 2025, with gross unrealized losses of $(28,604) thousand[37] - The total investment securities as of September 30, 2025, had an amortized cost of $310,545,000 and an estimated fair value of $282,608,000[42] - The company reported a balance of $1,607,825,000 in net loans receivable as of September 30, 2025, with an estimated fair value of $1,493,529,000[119] - The company’s total financial assets available for sale were valued at $282,608,000 as of September 30, 2025[119] Regulatory and Compliance - The effective tax rate for the nine months ended September 30, 2025, was 28.0%, compared to 25.5% for the same period in 2024[87] - The FDIC proposed a rule to adjust regulatory thresholds, increasing the total asset size threshold from $1 billion to $5 billion for certain requirements[158] - The Company received a "satisfactory" rating in its most recent performance evaluation under the CRA framework prior to the October 2023 final rule[155] Strategic Initiatives - First Fed Bank has increased its origination of commercial real estate and multi-family real estate loans to diversify its portfolio and increase interest income[149] - The Company is focused on developing user-friendly digital applications to attract new customers and enhance service delivery[146]

Financial Performance - Net income for Q3 2025 was $802,000, a decrease from $3.7 million in Q2 2025 and a net loss of $2.0 million in Q3 2024[2]. - Adjusted Pre-tax, Pre-Provision Net Revenue (PPNR) for Q3 2025 decreased to $340,000 from $2.1 million in Q2 2025[9]. - The net income for the quarter was $802,000, a significant decrease from $3,661,000 in the previous quarter, reflecting a decline of 78.0%[34]. - Basic earnings per share for the quarter was $0.09, down from $0.42 in the previous quarter, indicating a decrease of 78.6%[34]. - The return on average assets (GAAP) for the quarter was 0.15%, compared to -1.69% in the same quarter last year, showing improvement[41]. Interest and Loans - Net interest margin increased to 2.91% in Q3 2025, up from 2.83% in Q2 2025[6]. - Total interest income decreased by $221,000 to $26.9 million for Q3 2025, compared to $27.1 million in the previous quarter, and decreased by $1.3 million from $28.2 million in Q3 2024[14]. - Net interest income after provision for credit losses was $15,242,000 for the quarter, up from $14,553,000 in the previous quarter, indicating an increase of 4.7%[34]. - Total loans outstanding as of September 30, 2025, were $1,623,132 million, a decrease from $1,664,702 million in June 30, 2025, representing a decline of 2.5%[36]. - The cost of all deposits decreased to 2.20% for the three months ended September 30, 2025, down from 2.56% in the same period of 2024[39]. Asset and Equity Management - Total shareholders' equity increased to $154.5 million at September 30, 2025, from $149.7 million three months earlier, driven by a $3.7 million increase in the fair market values of investment securities and net income of $802,000[22]. - The company reported total assets of $2,111,373,000 as of September 30, 2025, down from $2,171,430,000 in the previous quarter[42]. - Tangible common equity to tangible assets ratio improved to 7.26% as of September 30, 2025, compared to 6.68% a year earlier[42]. - The book value per common share was $16.33 as of September 30, 2025, up from $15.52 a year earlier, indicating a growth of approximately 5.2%[42]. Credit Quality - The allowance for credit losses on loans decreased by $2.1 million to $16.2 million at September 30, 2025, representing 1.00% of total loans[11]. - Nonperforming loans decreased by $7.0 million to $13.4 million at September 30, 2025, from $20.4 million at June 30, 2025[12]. - The provision for credit losses on loans showed a recapture of $(620,000) for the quarter, compared to $(296,000) in the previous quarter, highlighting a positive trend in credit quality[34]. - The company experienced a provision for credit losses of $(673,000) in the latest quarter, compared to a provision of $7,785,000 in the same quarter last year, indicating improved credit quality[41]. Operational Efficiency - The efficiency ratio was reported at 104.9% for Q3 2025, indicating increased operational costs relative to income[7]. - Noninterest expense increased by $4.6 million to $17.4 million for Q3 2025, compared to $12.8 million in the previous quarter, driven by nonrecurring costs related to executive management transition[14]. - Total noninterest expense increased to $17,390,000 for the quarter, compared to $12,765,000 in the previous quarter, marking a rise of 36.5%[34]. Strategic Initiatives - The company is focused on building sustainable earnings by delivering a full array of financial products and services for various customer segments[27]. - The company has strategically invested in partnerships to develop modern financial solutions and a boutique investment banking firm, emphasizing its commitment to innovation and growth[27]. - First Northwest Bancorp was recognized as the Best Bank in Clallam County by Forbes and received multiple awards for corporate philanthropy and community service[25].

Core Insights - First Northwest Bancorp (FNWB) reported quarterly earnings of $0.09 per share, missing the Zacks Consensus Estimate of $0.18 per share, compared to a loss of $0.23 per share a year ago, indicating an earnings surprise of -50.00% [1] - The company posted revenues of $16.57 million for the quarter ended September 2025, missing the Zacks Consensus Estimate by 4.76%, and showing an increase from $15.8 million year-over-year [2] - The stock has underperformed, losing about 19.9% since the beginning of the year, while the S&P 500 gained 15.5% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.18 on revenues of $17.6 million, and for the current fiscal year, it is -$0.08 on revenues of $67.1 million [7] - The estimate revisions trend for First Northwest Bancorp was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Zacks Industry Rank for Banks - West is currently in the top 17% of over 250 Zacks industries, suggesting that the industry outlook can significantly impact stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Core Viewpoint - First Northwest Bancorp reported a net income of $802,000 for Q3 2025, a decrease from $3.7 million in Q2 2025 and a net loss of $2.0 million in Q3 2024, indicating a challenging financial environment [1][2]. Financial Performance - Net income for Q3 2025 was $802,000, with basic and diluted earnings per share at $0.09, compared to $0.42 in Q2 2025 and a loss of $0.23 in Q3 2024 [1]. - Adjusted Pre-tax, Pre-Provision Net Revenue (PPNR) decreased to $340,000 in Q3 2025 from $2.1 million in Q2 2025 and $947,000 in Q3 2024 [8][10]. - Total revenue for Q3 2025 was $16.6 million, down from $17.6 million in Q2 2025 and $15.4 million in Q3 2024 [9]. Key Financial Ratios - Return on average assets was 0.15% for Q3 2025, down from 0.68% in Q2 2025 and a loss of 1.69% in Q3 2024 [4]. - Net interest margin improved to 2.91% in Q3 2025 from 2.83% in Q2 2025, marking five consecutive quarters of improvement [5][14]. - Efficiency ratio increased to 104.9% in Q3 2025 from 78.0% in Q2 2025, indicating rising operational costs [4]. Credit Quality - The allowance for credit losses on loans decreased to $16.2 million at September 30, 2025, from $18.4 million at June 30, 2025, reflecting improved credit quality [11]. - Nonperforming loans decreased to $13.4 million at September 30, 2025, from $20.4 million at June 30, 2025, indicating a positive trend in asset quality [12]. - The ratio of allowance for credit losses to nonperforming loans increased to 121% at September 30, 2025, from 90% at June 30, 2025 [12]. Capital Management - The Board of Directors did not declare a dividend for Q3 2025 as part of a prudent capital management strategy [2]. - Total shareholders' equity increased to $154.5 million at September 30, 2025, compared to $149.7 million at June 30, 2025, due to net income and fair market value increases [22]. - Common Equity Tier 1 and Total Risk-Based Capital Ratios were 12.7% and 13.7%, respectively, indicating strong capital levels [24]. Deposits and Loans - Total deposits decreased slightly to $1.65 billion at September 30, 2025, from $1.65 billion at June 30, 2025, and down from $1.71 billion a year earlier [22]. - Net loans decreased by $39.4 million, or 2.4%, to $1.61 billion at September 30, 2025, compared to $1.65 billion at June 30, 2025 [19][20].