First Northwest Bancorp (FNWB) Earnings History

First Northwest Bancorp - Q4 2025 EarningsMet

Filed at: Jan 29, 2026, 11:09 AM EST|Read from source

EXECUTIVE SUMMARY

First Northwest Bancorp reported a net income of $382,000 for Q4 2025, a significant improvement from a net loss in the prior year quarter, driven by a rising net interest margin and reduced expenses. The company is focusing on operational efficiency and strengthening its deposit base for the upcoming year.

POSITIVE HIGHLIGHTS

  • •

    Net income of $382,000 for Q4 2025, a substantial improvement from a net loss of $2.8 million in Q4 2024.

    positive
  • •

    Net interest margin increased to 3.00% in Q4 2025, marking six consecutive quarters of improvement.

    positive
  • •

    Cost of total deposits dropped to 2.12% in Q4 2025 from 2.20% in Q3 2025 due to maturing higher-rate CDs.

    positive
  • •

    Noninterest expense decreased $488,000 to $16.9 million in Q4 2025 compared to the preceding quarter, partly due to lower legal fees.

    positive

CONCERNS & RISKS

  • •

    Nonperforming loans increased $9.2 million to $22.6 million at December 31, 2025, from $13.4 million at September 30, 2025.

    negative
  • •

    Total deposits decreased $54.2 million to $1.6 billion at December 31, 2025, compared to September 30, 2025.

    negative
  • •

    The Bank will permanently close its Bellevue branch on April 30, 2026, reflecting ongoing shifts in customer behavior toward digital banking.

    attention
  • •

    No shares of common stock were repurchased under the Company's April 2024 Stock Repurchase Plan during Q4 2025.

    attention

FINANCIAL METRICS

Revenue
Quarterly
$18.38M
+19.1%
Prior year: $15.44M
Annual (YTD)
$68.94M
N/A
Prior year: $68.93M
Net Income
Quarterly
$382.00K
+113.6%
Prior year: $-2.81M
Annual (YTD)
$-4.19M
N/A
Prior year: $-6.61M
EPS (Diluted)
Quarterly
$0.04
+112.5%
Prior year: $-0.32
Operating Income
Quarterly
N/A
N/A
EPS (Basic)
Quarterly
$0.04
+112.5%
Prior year: $-0.32

MARGIN ANALYSIS

Net Margin
Current Quarter
2.1%
Prior Year
-18.2%
YoY Change
+2025 bps

Margin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.

SPECIAL ITEMS & ADJUSTMENTS

Q4 2025
Reimbursement from insurance carrier to offset costs associated with ongoing legal matters.
Recorded in other income.
+$1.7M
Q4 2025
Expenses related to upcoming branch closure.
Recorded in compensation and other expense.
+$0.681M
Total Impact
+$2.381M

Special items are non-recurring events that may distort period-over-period comparisons. Analysts typically adjust for these when calculating normalized earnings.

MANAGEMENT COMMENTARY

Focus on positioning First Fed as a high-performing bank by leveraging data to operate more efficiently.

— First Northwest Bancorp, Q4 2025 2025 Earnings Call

Strengthening the core deposit base and generating high-quality, relationship-based loan growth.

— First Northwest Bancorp, Q4 2025 2025 Earnings Call

Adapting to ongoing shifts in customer behavior toward digital banking services by closing the Bellevue branch.

— First Northwest Bancorp, Q4 2025 2025 Earnings Call

Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.

OPERATIONAL METRICS

Cost Of Total Deposits Pct
2.1
-21.5% YoY
Prior year: 2.7
%
Efficiency Ratio Pct
92
-0.2% YoY
Prior year: 92.2
%
Net Interest Margin Pct
3
+9.9% YoY
Prior year: 2.7
%
Nonaccrual Loans Pct Of Total Loans
1.4
-22.8% YoY
Prior year: 1.8
%
Nonperforming Assets Pct Of Total Assets
1.1
-16.8% YoY
Prior year: 1.4
%

Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.