First Northwest Bancorp Q2 2024 GAAP EPS $0.16 Misses $0.34 Estimate, Sales $21.598M Beat $17.100M Estimate
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First Northwest Bancorp Q2 2024 GAAP EPS $0.16 Misses $0.34 Estimate, Sales $21.598M Beat $17.100M Estimate
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/9/2023 | $14.00 → $13.00 | Overweight → Neutral | Piper Sandler |
| 6/1/2022 | $19.00 | Overweight | Piper Sandler |
| 1/28/2022 | $24.00 | Neutral → Overweight | Piper Sandler |
| 12/20/2021 | $23.00 | Outperform | Hovde Group |
| 9/1/2021 | $20.00 | Neutral | Piper Sandler |
4 - First Northwest Bancorp (0001556727) (Issuer)
4/A - First Northwest Bancorp (0001556727) (Issuer)
4 - First Northwest Bancorp (0001556727) (Issuer)
Piper Sandler analyst Nathan Race maintains First Northwest Bancorp (NASDAQ:FNWB) with a Neutral and lowers the price target from $17 to $12.
First Northwest Bancorp (NASDAQ:FNWB) reported quarterly earnings of $0.04 per share which missed the analyst consensus estimate of $0.12 by 66.67 percent. This is a 89.74 percent decrease over earnings of $0.39 per share from the same period last year. The company reported quarterly sales of $16.116 which missed the analyst consensus estimate of $16.500 million by 100.00 percent. This is a 100.00 percent decrease over sales of $18.639 million the same period last year.
4 - First Northwest Bancorp (0001556727) (Issuer)
4 - First Northwest Bancorp (0001556727) (Issuer)
4 - First Northwest Bancorp (0001556727) (Issuer)
PORT ANGELES, Wash., July 28, 2021 (GLOBE NEWSWIRE) -- First Northwest Bancorp ("Company") (NASDAQ:FNWB), the holding company for First Federal Savings and Loan Association of Port Angeles ("Bank" or "First Fed"), today announced that David Blake will be retiring from the Board of Directors effective September 28, 2021. At the same time, the Board announced the appointment of Gabriel S. ("Gabe") Galanda to the Boards of Directors for the Company and First Fed. Mr. Blake has served on each Board since 2005. "On behalf of the Board of Directors we thank Dave for his many years of valuable service, and we wish him the very best as he enters retirement," said Stephen E. Oliver, Chairperson
PORT ANGELES, Wash., Oct. 29, 2024 (GLOBE NEWSWIRE) -- CEO Commentary"This was a quarter of mixed results. Progress on customer deposit gathering and the termination of the FDIC Consent Order was overshadowed by a quarterly loss driven by additional provisions primarily related to certain equity loans made to high net worth, accredited investors. The teamwork and collaboration between Staff, Management and the Board to address the matters identified in the Consent Order is demonstrative of the qualifications, determination and capabilities of the First Fed team. We appreciate that the FDIC acknowledged the planning, monitoring and execution required to comply with the Order
PORT ANGELES, Wash., Oct. 28, 2024 (GLOBE NEWSWIRE) -- First Fed Bank (the "Bank"), the wholly owned subsidiary of First Northwest Bancorp (the "Company") (NASDAQ:FNWB), announced that on October 23, 2024, the Federal Deposit Insurance Corporation terminated the Consent Order issued to the Bank that was effective November 21, 2023. The termination of the Consent Order follows the Bank's successful resolution of the deficiencies in the Bank's compliance program that was the subject of the Order. "We are thrilled to announce the termination of the Consent Order. The Board and I want to convey our sincere thanks and appreciation to our entire compliance team who worked so diligently to stre
PORT ANGELES, Wash., July 25, 2024 (GLOBE NEWSWIRE) -- "In spite of challenging times for the entire industry as a result of the rate environment, First Northwest executed on a balance sheet restructure strategy. The restructure included a sale-leaseback transaction for six of our branches, a restructure of our bank-owned life insurance policies, two securities loss sale transactions, two balance sheet hedges against fixed rate loans and municipal bonds and the sale of our Visa B shares," commented Matthew P. Deines, President and CEO. "As a result, we reached an inflection point for the net interest margin in the second quarter after declines for the preceding five quarters. We also reduc
Piper Sandler downgraded First Northwest Bancorp from Overweight to Neutral and set a new price target of $13.00 from $14.00 previously
Piper Sandler resumed coverage of First Northwest Bancorp with a rating of Overweight and set a new price target of $19.00
Piper Sandler upgraded First Northwest Bancorp from Neutral to Overweight and set a new price target of $24.00
10-Q - First Northwest Bancorp (0001556727) (Filer)
8-K - First Northwest Bancorp (0001556727) (Filer)
8-K - First Northwest Bancorp (0001556727) (Filer)
SC 13G/A - First Northwest Bancorp (0001556727) (Subject)
SC 13G - First Northwest Bancorp (0001556727) (Subject)
SC 13G/A - First Northwest Bancorp (0001556727) (Subject)
PORT ANGELES, Wash., July 27, 2022 (GLOBE NEWSWIRE) -- First Northwest Bancorp (NASDAQ:FNWB) Q2 2022 Net IncomeQ2 2022 Diluted Earnings Per ShareYTD Loan GrowthQ2 2022 Net Interest MarginBook Value per Share$2.5 million$0.278.0%3.77%$16.60 $16.40*, excluding goodwill and intangibles CEO Commentary "Our commercial bank shined this quarter as loan growth combined with increasing yields and stable deposit costs to drive increases in net interest income and net interest margin," said Matthew P. Deines, President and CEO of First Northwest Bancorp. "Expenses were impacted by investments in our fintech initiatives and partnerships, which we expect to moderate in the coming quarters. We are
PORT ANGELES, Wash., April 29, 2022 (GLOBE NEWSWIRE) -- First Northwest Bancorp (NASDAQ:FNWB) Q1 2022 Net IncomeQ1 2022 Diluted Earnings Per ShareQ1 2022 Net Interest MarginBook Value per Share$2.8 million$0.303.53%$17.77 $17.561, excluding goodwill and intangibles CEO Commentary "We made good progress in the first quarter, continuing to build First Fed into a leading, fintech-enabled community bank," said Matthew P. Deines, President and CEO of First Northwest Bancorp. "We announced a strategic partnership with Splash Financial to meet the financial needs of consumers across the United States. We expanded the Quin Ventures product offering in response to marketplace demand. And w
PORT ANGELES, Wash., Jan. 26, 2022 (GLOBE NEWSWIRE) -- First Northwest Bancorp (NASDAQ:FNWB) Q4 2021 Net IncomeQ4 2021 DilutedEarnings Per ShareYTD Loan GrowthQ4 2021Net Interest MarginBook Value per Share$5.1 million$0.5618%3.58%$19.10$18.891, excludinggoodwill and intangibles CEO Commentary "The fourth quarter concluded a record year of profitability and growth for First Fed," said Matthew P. Deines, President and CEO of First Northwest Bancorp. "We couldn't be more pleased with the First Fed team, who worked together to deliver second-to-none financial solutions to the communities we serve." "The strategic investments and activities we began in 2020 conti