Reported Earnings • Jul 31
Second quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2026 results: EPS: US$0.03 (down from US$0.42 in 2Q 2025). Revenue: US$16.7m (up 3.7% from 2Q 2025). Net income: US$308.0k (down 92% from 2Q 2025). Profit margin: 1.8% (down from 23% in 2Q 2025). Revenue missed analyst estimates by 4.6%. Earnings per share (EPS) exceeded analyst estimates by 200%. Revenue is forecast to grow 5.4% p.a. on average during the next 2 years, compared to a 7.8% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. New Risk • Jul 30
New major risk - Revenue and earnings growth Earnings have declined by 56% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 56% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Annonce • Jul 29
First Northwest Bancorp Reports Charge Offs for the Second Quarter Ended June 30, 2026 First Northwest Bancorp reported charge offs for the second quarter ended June 30, 2026. For the period, the company reported net loan charge-offs of $177,000 compared to net charge-offs of $1,928,000 a year ago. Annonce • May 01
First Northwest Bancorp Reports Net Loan Charge Offs for the First Quarter Ended March 31, 2026 First Northwest Bancorp reported Net loan charge offs for the first quarter ended March 31, 2026. For the period, the company reported Net loan charge-offs of $151,000 compared to $7,650,000 a year ago. Annonce • Mar 30
First Northwest Bancorp, Annual General Meeting, May 19, 2026 First Northwest Bancorp, Annual General Meeting, May 19, 2026. Location: field arts and events hall, 201 w. front street, washington 98362, port angeles United States Annonce • Jan 08
First Northwest Bancorp and First Fed Bank Announce Resignation of Geraldine L. Bullard as Executive Vice President and Chief Operating Officer Effective February 4, 2026 First Northwest Bancorp announced that Geraldine L. Bullard, Executive Vice President and Chief Operating Officer of First Fed, has informed the Company of her decision to resign effective February 4, 2026, to pursue other opportunities. Ms. Bullard was a named executive officer in the Company's most recent proxy statement filed on April 8, 2025. She joined the Company on January 30, 2020, and during her tenure served as Interim Chief Executive Officer and Chief Financial Officer in addition to her current role. There are no arrangements or understandings between Ms. Bullard and any other person pursuant to which she resigned, and there are no compensatory or severance agreements entered into in connection with her resignation. Annonce • Dec 11
First Fed Bank and First Northwest Bancorp, Announces Retirement of Norman J. Tonina, Jr. from Boards of Directors, Effective on December 9, 2025 First Fed Bank and its holding company, First Northwest Bancorp, announced the retirement of Norman J. Tonina, Jr. from the Company's Boards of Directors, effective at the regular Board meetings on December 9, 2025. Mr. Tonina joined the First Fed Board in 2012 and was an inaugural member of the FNWB Board starting in 2015. He served as Chair of the Nominating and Corporate Governance Committee for both Boards during his tenure on the Boards. Mr. Tonina began his career as a finance manager, rising to become Senior Director of Finance for Microsoft's Platforms and Applications business. In 1999, he transitioned to Human Resources at Microsoft, where he directed strategic global Human Resources initiatives in the areas of culture, leadership, and talent. He is an active non-profit board member and currently serves as President of the First Fed Foundation and has served as an adjunct faculty member in Seattle Pacific University's graduate program in Industrial and Organizational Psychology. Mr. Tonina earned his BA in Business Administration from Northeastern University, a certificate in Human Resources from the University of Michigan, and a Master's in Organizational Psychology from Antioch University. Annonce • Sep 17
First Northwest Bancorp Announces CEO Changes First Northwest Bancorp and its subsidiary First Fed Bank reported that Curt Queyrouze will become the Company's new Chief Executive Officer and President, starting on September 17. Queyrouze will also be appointed as a member of the Board of Directors of both First Northwest and First Fed at that time. Queyrouze is a seasoned community bank leader with more than 40 years of financial services experience including expertise in credit, risk management, and financial technology. Queyrouze was most recently President, Community Bank and Corporate Credit, of Coastal Financial Corporation, the holding company for Coastal Community Bank in Everett, Washington. Prior to joining Coastal in 2022, he was President and Chief Executive Officer at TAB Bank in Ogden, Utah. Queyrouze's career also includes leadership roles at institutions from small community banks to regional banks as well as Chief Operating Officer of a fintech company. He holds a degree in Accounting from Louisiana State University and is active in his community and banking industry organizations. Queyrouze replaces Matthew P. Deines, who departed the Company in July 2025. Geraldine Bullard, the Company's Chief Operating Officer, will resume her role following her service as Interim CEO during the Board's executive search. Annonce • Sep 12
First Northwest Bancorp and First Fed Bank Announces Board Changes, Effective September 17, 2025 On September 11, 2025, the Board of Directors of First Northwest Bancorp and the Board of Directors of First Fed Bank (together with First Northwest, the “Company”) appointed Curt Queyrouze to serve as President and Chief Executive Officer of the Company and as a member of both Boards, effective September 17, 2025. When Mr. Queyrouze assumes his role of Chief Executive Officer of the Company on September 17, 2025, Geraldine L. Bullard who was appointed as Interim Chief Executive Officer of the Company, effective as of July 13, 2025, will conclude her interim service and will continue to serve as Executive Vice President and Chief Operating Officer of the Company. Mr. Queyrouze, age 64, previously served as President, Community Bank and Corporate Credit, of Coastal Financial Corporation (“Coastal”), the holding company for Coastal Community Bank. Mr. Queyrouze joined Coastal in 2022 as President. Prior to that, Mr. Queyrouze was President and Chief Executive Officer of TAB Bank, UT, from 2016 to 2022 and Chief Credit Officer from 2014 to 2016, where he gained experience in managing a community bank and fintech partnerships through banking as a service (“BaaS”). Prior to TAB Bank, Mr. Queyrouze was Senior Vice President Loss Mitigation Manager for Hancock Whitney Bank, from 2009 to 2012. His career has included a variety of leadership roles at banks ranging from top-ten and regionals to community institutions, and as Chief Operating Officer of a fintech company. He holds a degree in Accounting from Louisiana State University and is active in his community and banking industry organizations. Annonce • Jul 24
First Northwest Bancorp Announces Net Loan Charge-Offs for the Second Quarter Ended June 30, 2025 First Northwest Bancorp announced net loan charge-offs for the second quarter ended June 30, 2025. For the period, the company announced net loan charge-offs of $1,928,000 compared to $7,255,000 a year ago. Annonce • Jul 23
First Northwest Bancorp and First Fed Bank Appoints Diane C. Davis as A Director First Northwest Bancorp and First Fed Bank announced approval of the election of Diane C. Davis as a Director. Ms. Davis’ term as a Director of the Company is effective immediately and will continue until the 2026 Annual Meeting of Shareholders, at which time it is anticipated that she will be nominated for re-election by the shareholders. The Company's Board has determined that Ms. Davis meets the requirements for director independence under the listing standards of The NASDAQ Stock Market LLC and applicable rules of the Securities and Exchange Commission. Ms. Davis was appointed to serve on the Nominating and Corporate Governance Committee for both the Company and First Fed. She was also appointed to serve on the Board Loan Committee for First Fed. Ms. Davis began her career at Farmers New World Life Insurance Company in 1992 and advanced through a variety of leadership roles, including Chief Risk Officer and ultimately President from 2016 until her retirement in 2019. She also served as Regional Chief Risk Officer for Global Life North America at Zurich Insurance Company Ltd., bringing broad actuarial and strategic planning experience to her board role. She holds a Bachelor of Science in Actuarial Science from the University of Illinois at Urbana-Champaign and a Master of Business Administration from the University of Washington. A Fellow of the Society of Actuaries, Ms. Davis currently serves as co-chair of 5050 Women on Boards of Greater Seattle and is a former member of the Board of Directors for Habitat for Humanity Seattle-King County. Annonce • May 13
First Northwest Bancorp Reports Net Loan Charge-Offs for the First Quarter Ended March 31, 2025 First Northwest Bancorp reported Net loan charge-offs for the first quarter ended March 31, 2025. For the period, Net loan charge-offs to average outstanding loans was $7,650,000 against $791,000 a year ago. Annonce • Apr 25
First Northwest Bancorp announces Quarterly dividend, payable on May 23, 2025 First Northwest Bancorp announced Quarterly dividend of USD 0.0700 per share payable on May 23, 2025, ex-date on May 09, 2025 and record date on May 09, 2025. Annonce • Apr 02
First Northwest Bancorp, Annual General Meeting, May 20, 2025 First Northwest Bancorp, Annual General Meeting, May 20, 2025. Location: at field arts and events hall, 201 w. front street, washington 98362., port angeles United States Annonce • Jan 30
First Northwest Bancorp Declares Quarterly Cash Dividend, Payable on February 28, 2025 The Board of Directors of First Northwest declared a quarterly cash dividend of $0.07 per common share, payable on February 28, 2025, to shareholders of record as of the close of business on February 14, 2025. Annonce • Dec 31
First Northwest Bancorp and First Fed Bank Announce the Resignation of Craig Curtis from Boards of Directors, Effective December 31, 2024 First Northwest Bancorp and First Fed Bank announced the resignation of Craig Curtis from the Company’s Boards of Directors, effective December 31, 2024. Curtis is a Partner and Director of Emerging Building Technologies with Mithun, a multi-disciplinary design firm with offices in Seattle, San Francisco, and Los Angeles. Prior to joining Mithun in 2020, Mr. Curtis served as Chief Architect with Katerra Inc., starting in January 2016, where he was responsible for the development of Katerra’s building platforms and led the launch of the company’s mass timber design division, including North America’s largest cross-laminated timber factory. Prior to joining Katerra, Mr. Curtis was employed by The Miller Hull Partnership, an architecture and planning firm, for 30 years and served as a partner from 1994 until 2016. The Boards, through the Nominating and Corporate Governance Committee, are actively engaged in ongoing recruiting efforts and have identified several potential candidates that offer the diversity, skills, and experience appropriate for Board membership. The Committee will also determine whether adding a new Board member is in the best interest of the Bank at this time. Annonce • Oct 28
First Northwest Bancorp Declares Quarterly Cash Dividend, Payable on November 22, 2024 The Board of Directors of First Northwest Bancorp has declared a quarterly cash dividend of $0.07 per common share. The dividend will be payable on November 22, 2024, to shareholders of record as of the close of business on November 8, 2024. Annonce • Jul 26
First Northwest Bancorp Declares Quarterly Cash Dividend, Payable on August 23, 2024 The Board of Directors of First Northwest Bancorp declared a quarterly cash dividend of $0.07 per common share. The dividend will be payable on August 23, 2024, to shareholders of record as of the close of business on August 9, 2024. Annonce • Jul 10
First Northwest Bancorp and First Fed Announce the Retirement of Jennifer Zaccardo from Boards of Directors First Fed Bank and its holding company, First Northwest Bancorp (collectively the Company) announced the retirement of Jennifer Zaccardo from the Company’s Boards of Directors, effective July 02, 2024. Zaccardo served on the First Fed Board for 13 years and the FNWB Board for 9 years, bringing a wealth of knowledge and dedication to the Company’s growth and success. She also recently served as Vice Chair of both boards from June 2022 to June 2023. Previously, Zaccardo served as the President and Treasurer at Baker, Overby & Moore Inc., a public accounting firm with which she has been affiliated since 1983. Zaccardo is also a past President and Treasurer of the Peninsula College Foundation Board of Governors and served on the Quillayute Valley School Board of Directors for 10 years. She is a member of both The American Institute of Certified Public Accountants and the Washington Society of Certified Public Accountants. Recent Insider Transactions • May 16
Independent Director recently bought US$840k worth of stock On the 10th of May, Dana Behar bought around 80k shares on-market at roughly US$10.50 per share. This transaction increased Dana's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$987k more in shares than they have sold in the last 12 months. Price Target Changed • May 01
Price target decreased by 25% to US$12.00 Down from US$16.00, the current price target is provided by 1 analyst. New target price is 18% above last closing price of US$10.20. Stock is down 4.0% over the past year. The company is forecast to post earnings per share of US$0.77 for next year compared to US$0.26 last year. Buy Or Sell Opportunity • Apr 29
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 26% to US$11.05. The fair value is estimated to be US$13.94, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Declared Dividend • Apr 28
First quarter dividend of US$0.07 announced Dividend of US$0.07 is the same as last year. Ex-date: 9th May 2024 Payment date: 24th May 2024 Dividend yield will be 2.5%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 18% per year over the past 5 years and payments have been stable during that time. Annonce • Apr 27
First Northwest Bancorp Declares Quarterly Cash Dividend, Payable on May 24, 2024 The Board of Directors of First Northwest Bancorp declared a quarterly cash dividend of $0.07 per common share. The dividend will be payable on May 24, 2024, to shareholders of record as of the close of business on May 10, 2024. Reported Earnings • Apr 27
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: EPS: US$0.04 (down from US$0.39 in 1Q 2023). Revenue: US$15.1m (down 21% from 1Q 2023). Net income: US$396.0k (down 89% from 1Q 2023). Profit margin: 2.6% (down from 18% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) also missed analyst estimates by 67%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Annonce • Apr 21
First Northwest Bancorp, Annual General Meeting, May 30, 2024 First Northwest Bancorp, Annual General Meeting, May 30, 2024, at 16:00 Pacific Standard Time. Location: 201 W. Front Street Port Angeles United States Agenda: To consider election of ten directors to serve a one-year term; to consider approval of the Second Amended and Restated Articles of Incorporation of First Northwest Bancorp to remove supermajority voting provisions and permit removal of directors by the shareholders with or without cause; and to consider other matters. New Risk • Apr 19
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$89.8m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (110% payout ratio). Profit margins are more than 30% lower than last year (3.5% net profit margin). Market cap is less than US$100m (US$89.8m market cap). Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to US$12.01, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 10x in the Banks industry in the US. Total loss to shareholders of 25% over the past three years. Buy Or Sell Opportunity • Apr 11
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.9% to US$13.21. The fair value is estimated to be US$17.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.4% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 318% in the next 2 years. Reported Earnings • Mar 20
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: US$0.26 (down from US$1.71 in FY 2022). Revenue: US$64.1m (down 17% from FY 2022). Net income: US$2.28m (down 85% from FY 2022). Profit margin: 3.5% (down from 20% in FY 2022). Net interest margin (NIM): 3.13% (down from 3.79% in FY 2022). Non-performing loans: 1.12% (up from 0.12% in FY 2022). Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 75%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 4% per year. Major Estimate Revision • Feb 08
Consensus EPS estimates fall by 33% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$74.5m to US$71.0m. EPS estimate also fell from US$1.05 per share to US$0.70 per share. Net income forecast to grow 171% next year vs 3.8% decline forecast for Banks industry in the US. Consensus price target of US$16.00 unchanged from last update. Share price fell 9.3% to US$13.19 over the past week. Upcoming Dividend • Feb 01
Upcoming dividend of US$0.07 per share at 1.9% yield Eligible shareholders must have bought the stock before 08 February 2024. Payment date: 23 February 2024. Trailing yield: 1.9%. Lower than top quartile of American dividend payers (4.6%). Lower than average of industry peers (3.1%). Declared Dividend • Jan 28
Fourth quarter dividend of US$0.07 announced Dividend of US$0.07 is the same as last year. Ex-date: 8th February 2024 Payment date: 23rd February 2024 Dividend yield will be 1.9%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is not covered by earnings (109% earnings payout ratio). However, the dividend is expected to be well covered in 3 years' time (24% forecast payout ratio). The dividend has increased by an average of 18% per year over the past 5 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 21% to bring the payout ratio under control. EPS is expected to grow by 139% over the next 2 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Jan 27
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: US$0.26 (down from US$1.71 in FY 2022). Revenue: US$64.1m (down 19% from FY 2022). Net income: US$2.29m (down 85% from FY 2022). Profit margin: 3.6% (down from 20% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 75%. Revenue is forecast to grow 9.7% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 3% per year. Annonce • Jan 25
First Northwest Bancorp Declares Quarterly Cash Dividend, Payable on February 23, 2024 First Northwest Bancorp declared a quarterly cash dividend of $0.07 per common share. The dividend will be payable on February 23, 2024, to shareholders of record as of the close of business on February 9, 2024. Recent Insider Transactions • Dec 17
Chief Digital Officer & General Counsel recently sold US$78k worth of stock On the 15th of December, Christopher Riffle sold around 5k shares on-market at roughly US$15.49 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought US$177k more than they sold in the last 12 months. Price Target Changed • Nov 03
Price target decreased by 7.0% to US$13.25 Down from US$14.25, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of US$12.89. Stock is down 14% over the past year. The company is forecast to post earnings per share of US$1.06 for next year compared to US$1.71 last year. Upcoming Dividend • Nov 02
Upcoming dividend of US$0.07 per share at 2.2% yield Eligible shareholders must have bought the stock before 09 November 2023. Payment date: 24 November 2023. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of American dividend payers (5.3%). Lower than average of industry peers (4.0%). Reported Earnings • Oct 28
Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2023 results: EPS: US$0.28 (down from US$0.47 in 3Q 2022). Revenue: US$17.5m (down 12% from 3Q 2022). Net income: US$2.50m (down 41% from 3Q 2022). Profit margin: 14% (down from 22% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 3.5%. Earnings per share (EPS) exceeded analyst estimates by 1.8%. Revenue is forecast to grow 3.1% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 03
Upcoming dividend of US$0.07 per share at 2.1% yield Eligible shareholders must have bought the stock before 10 August 2023. Payment date: 25 August 2023. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of American dividend payers (4.7%). Lower than average of industry peers (3.4%). Price Target Changed • Jul 31
Price target decreased by 12% to US$13.25 Down from US$15.00, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of US$13.57. Stock is down 20% over the past year. The company is forecast to post earnings per share of US$1.17 for next year compared to US$1.71 last year. Reported Earnings • Jul 28
Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2023 results: EPS: US$0.20 (down from US$0.27 in 2Q 2022). Revenue: US$17.4m (down 8.3% from 2Q 2022). Net income: US$1.78m (down 28% from 2Q 2022). Profit margin: 10% (down from 13% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 4.4%. Earnings per share (EPS) exceeded analyst estimates by 111%. Revenue is forecast to stay flat during the next 2 years compared to a 4.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Annonce • Jul 28
First Northwest Bancorp Declares Quarterly Cash Dividend, Payable on August 25, 2023 The Board of Directors of First Northwest Bancorp declared a quarterly cash dividend of $0.07 per common share. The dividend will be payable on August 25, 2023, to shareholders of record as of the close of business on August 11, 2023. Price Target Changed • Jun 10
Price target decreased by 9.4% to US$14.50 Down from US$16.00, the current price target is an average from 2 analysts. New target price is 23% above last closing price of US$11.77. Stock is down 29% over the past year. The company is forecast to post earnings per share of US$1.31 for next year compared to US$1.71 last year. Recent Insider Transactions • May 26
Independent Director recently bought US$210k worth of stock On the 22nd of May, Dana Behar bought around 20k shares on-market at roughly US$10.50 per share. This transaction amounted to 59% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$345k more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • May 05
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to US$10.32, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Banks industry in the US. Total returns to shareholders of 1.5% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$11.15 per share. Upcoming Dividend • May 04
Upcoming dividend of US$0.07 per share at 2.6% yield Eligible shareholders must have bought the stock before 11 May 2023. Payment date: 26 May 2023. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of American dividend payers (5.1%). Lower than average of industry peers (3.8%). Price Target Changed • Apr 03
Price target decreased by 8.6% to US$16.00 Down from US$17.50, the current price target is an average from 2 analysts. New target price is 32% above last closing price of US$12.16. Stock is down 45% over the past year. The company is forecast to post earnings per share of US$1.50 for next year compared to US$1.71 last year. Reported Earnings • Mar 21
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: US$1.71 (up from US$1.63 in FY 2021). Revenue: US$78.7m (up 8.4% from FY 2021). Net income: US$15.5m (up 4.0% from FY 2021). Profit margin: 20% (in line with FY 2021). Net interest margin (NIM): 3.79% (up from 3.51% in FY 2021). Non-performing loans: 0.12% (up from 0.10% in FY 2021). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 18%. Revenue is forecast to grow 5.6% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$11.57, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Banks industry in the US. Total returns to shareholders of 21% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$12.66 per share. Upcoming Dividend • Feb 02
Upcoming dividend of US$0.07 per share at 1.9% yield Eligible shareholders must have bought the stock before 09 February 2023. Payment date: 24 February 2023. Trailing yield: 1.9%. Lower than top quartile of American dividend payers (4.2%). Lower than average of industry peers (3.0%). Annonce • Jan 28
First Northwest Bancorp Declares Quarterly Cash Dividend, Payable on February 24, 2023 The board of directors of First Northwest Bancorp declared a quarterly cash dividend of $0.07 per common share. The dividend will be payable on February 24, 2023, to shareholders of record as of the close of business on February 10, 2023. Reported Earnings • Jan 26
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: US$1.71 (up from US$1.63 in FY 2021). Revenue: US$78.7m (up 8.4% from FY 2021). Net income: US$15.6m (up 4.9% from FY 2021). Profit margin: 20% (in line with FY 2021). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 18%. Revenue is forecast to grow 8.8% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Annonce • Jan 26
First Fed Bank Appoints Lynn Terwoerds to Board of Directors First Fed Bank announced that Lynn Terwoerds has been appointed to the Board of Directors. Lynn Terwoerds has over 24 years of experience as a technology thought leader and cybersecurity strategist for global companies including Microsoft, Barclays PLC, and Oracle. Her experience ranges from running global security incident response to developing long-term security strategy for critical infrastructure, which required top secret clearance. She has held leadership positions in multiple industries including healthcare and financial services. Ms. Terwoerds is a member of the National Association of Corporate Directors and holds NACD Directorship Certification™. Additionally, Ms. Terwoerds is Board President of the Northwest Maritime Center and on the Advisory Board of the Executive Women’s Forum. She previously served on the Board of Directors for the National Women’s Sailing Foundation which is dedicated to enriching the lives of women and girls through education and access to sailing. Price Target Changed • Nov 16
Price target decreased to US$18.50 Down from US$20.25, the current price target is an average from 2 analysts. New target price is 19% above last closing price of US$15.53. Stock is down 18% over the past year. The company is forecast to post earnings per share of US$1.45 for next year compared to US$1.63 last year. Upcoming Dividend • Nov 02
Upcoming dividend of US$0.07 per share Eligible shareholders must have bought the stock before 09 November 2022. Payment date: 25 November 2022. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (3.0%). Price Target Changed • Oct 28
Price target decreased to US$18.50 Down from US$20.25, the current price target is an average from 2 analysts. New target price is 21% above last closing price of US$15.35. Stock is down 15% over the past year. The company is forecast to post earnings per share of US$1.45 for next year compared to US$1.63 last year. Reported Earnings • Oct 26
Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2022 results: EPS: US$0.47 (up from US$0.46 in 3Q 2021). Revenue: US$19.8m (up 4.5% from 3Q 2021). Net income: US$4.29m (up 2.7% from 3Q 2021). Profit margin: 22% (in line with 3Q 2021). Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) exceeded analyst estimates by 11%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Upcoming Dividend • Aug 04
Upcoming dividend of US$0.07 per share Eligible shareholders must have bought the stock before 11 August 2022. Payment date: 26 August 2022. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of American dividend payers (4.1%). Lower than average of industry peers (3.1%). Reported Earnings • Jul 28
Second quarter 2022 earnings: EPS misses analyst expectations Second quarter 2022 results: EPS: US$0.27 (down from US$0.33 in 2Q 2021). Revenue: US$19.0m (up 10% from 2Q 2021). Net income: US$2.49m (down 17% from 2Q 2021). Profit margin: 13% (down from 17% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 23%. Over the next year, revenue is forecast to grow 14%, compared to a 15% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jun 01
Price target decreased to US$22.75 Down from US$25.75, the current price target is provided by 1 analyst. New target price is 31% above last closing price of US$17.33. Stock is down 2.6% over the past year. The company is forecast to post earnings per share of US$1.70 for next year compared to US$1.63 last year. Upcoming Dividend • May 05
Upcoming dividend of US$0.07 per share Eligible shareholders must have bought the stock before 12 May 2022. Payment date: 27 May 2022. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of American dividend payers (3.8%). Lower than average of industry peers (2.7%). Reported Earnings • May 01
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: US$0.31 (down from US$0.34 in 1Q 2021). Revenue: US$17.9m (up 14% from 1Q 2021). Net income: US$2.81m (down 10% from 1Q 2021). Profit margin: 16% (down from 20% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 30%. Over the next year, revenue is forecast to grow 9.8%, compared to a 11% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 27
Price target increased to US$28.00 Up from US$25.75, the current price target is provided by 1 analyst. New target price is 37% above last closing price of US$20.50. Stock is up 26% over the past year. The company is forecast to post earnings per share of US$2.06 for next year compared to US$1.63 last year. Price Target Changed • Apr 04
Price target increased to US$28.00 Up from US$25.75, the current price target is provided by 1 analyst. New target price is 27% above last closing price of US$22.03. Stock is up 32% over the past year. The company is forecast to post earnings per share of US$2.06 for next year compared to US$1.63 last year. Upcoming Dividend • Feb 03
Upcoming dividend of US$0.07 per share Eligible shareholders must have bought the stock before 10 February 2022. Payment date: 25 February 2022. Payout ratio is a comfortable 15% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of American dividend payers (3.6%). Lower than average of industry peers (2.3%). Major Estimate Revision • Feb 02
Consensus EPS estimates increase by 21% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from US$75.6m to US$81.5m. EPS estimate increased from US$1.33 to US$1.61 per share. Net income forecast to shrink 6.7% next year vs 7.2% decline forecast for Banks industry in the US. Consensus price target up from US$21.75 to US$24.50. Share price rose 15% to US$23.25 over the past week. Price Target Changed • Jan 29
Price target increased to US$24.50 Up from US$21.75, the current price target is an average from 2 analysts. New target price is 12% above last closing price of US$21.81. Stock is up 59% over the past year. The company is forecast to post earnings per share of US$1.88 for next year compared to US$1.67 last year. Reported Earnings • Jan 28
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: US$1.67 (up from US$1.11 in FY 2020). Revenue: US$72.6m (up 33% from FY 2020). Net income: US$15.4m (up 49% from FY 2020). Profit margin: 21% (up from 19% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.2%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Over the next year, revenue is forecast to grow 10%, compared to a 4.3% growth forecast for the banks industry in the US. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jan 14
Price target increased to US$21.75 Up from US$20.00, the current price target is an average from 2 analysts. New target price is 7.4% above last closing price of US$20.26. Stock is up 19% over the past year. The company is forecast to post earnings per share of US$1.45 for next year compared to US$1.11 last year. Upcoming Dividend • Nov 03
Upcoming dividend of US$0.07 per share Eligible shareholders must have bought the stock before 10 November 2021. Payment date: 26 November 2021. Trailing yield: 1.6%. Lower than top quartile of American dividend payers (3.5%). Lower than average of industry peers (2.2%). Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS US$0.46 (vs US$0.40 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: US$18.9m (up 25% from 3Q 2020). Net income: US$4.18m (up 14% from 3Q 2020). Profit margin: 22% (down from 24% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 05
Upcoming dividend of US$0.06 per share Eligible shareholders must have bought the stock before 12 August 2021. Payment date: 27 August 2021. Trailing yield: 1.3%. Lower than top quartile of American dividend payers (3.5%). Lower than average of industry peers (2.4%). Reported Earnings • Jul 31
Second quarter 2021 earnings released: EPS US$0.33 (vs US$0.21 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$17.2m (up 35% from 2Q 2020). Net income: US$3.00m (up 52% from 2Q 2020). Profit margin: 17% (up from 16% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 06
Upcoming dividend of US$0.06 per share Eligible shareholders must have bought the stock before 13 May 2021. Payment date: 28 May 2021. Trailing yield: 1.4%. Lower than top quartile of American dividend payers (3.4%). Lower than average of industry peers (2.2%). Reported Earnings • May 01
First quarter 2021 earnings released: EPS US$0.34 (vs US$0.091 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$15.7m (up 50% from 1Q 2020). Net income: US$3.12m (up 257% from 1Q 2020). Profit margin: 20% (up from 8.3% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.