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First Northwest Bancorp

Nasdaq:FNWB
Snowflake Description

Flawless balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FNWB
Nasdaq
$163M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

First Northwest Bancorp operates as a bank holding company for First Federal Savings and Loan Association of Port Angeles that provides commercial and consumer banking services to individuals, businesses, and nonprofit organizations in western Washington, the United States. The last earnings update was 74 days ago. More info.


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FNWB Share Price and Events
7 Day Returns
-0.6%
NasdaqGM:FNWB
-1.1%
US Banks
-1.2%
US Market
1 Year Returns
-0.4%
NasdaqGM:FNWB
-6.5%
US Banks
3.4%
US Market
FNWB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
First Northwest Bancorp (FNWB) -0.6% -2.1% 1.4% -0.4% 23.6% -
US Banks -1.1% 2.8% -0.5% -6.5% 45.1% 45.5%
US Market -1.2% 1.2% 1.7% 3.4% 35.5% 41.6%
1 Year Return vs Industry and Market
  • FNWB outperformed the Banks industry which returned -6.5% over the past year.
  • FNWB underperformed the Market in United States of America which returned 3.4% over the past year.
Price Volatility
FNWB
Industry
5yr Volatility vs Market

FNWB Value

 Is First Northwest Bancorp undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of First Northwest Bancorp to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for First Northwest Bancorp.

NasdaqGM:FNWB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $16.23 * 2.7%
$0.45
Book Value of Equity per Share Median Book Value from the past 5 years. $16.23
Discount Rate (Cost of Equity) See below 8.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGM:FNWB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.6
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.596 (1 + (1- 21%) (84.9%))
0.997
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.997 * 5.96%)
8.67%

Discounted Cash Flow Calculation for NasdaqGM:FNWB using Excess Returns Model Model

The calculations below outline how an intrinsic value for First Northwest Bancorp is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGM:FNWB Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (2.7% – 8.67%) * $16.23)
$-0.96
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.96 / (8.67% - 2.73%)
$-16.19
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $16.23 + $-16.19
$0.04
NasdaqGM:FNWB Discount to Share Price
Calculation Result
Value per share (USD) From above. $0.04
Current discount Discount to share price of $16.05
= -1 x ($16.05 - $0.04) / $0.04
-39091.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of First Northwest Bancorp is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for First Northwest Bancorp's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are First Northwest Bancorp's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGM:FNWB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.76
NasdaqGM:FNWB Share Price ** NasdaqGM (2019-07-19) in USD $16.05
United States of America Banks Industry PE Ratio Median Figure of 594 Publicly-Listed Banks Companies 12.73x
United States of America Market PE Ratio Median Figure of 3,080 Publicly-Listed Companies 17.88x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of First Northwest Bancorp.

NasdaqGM:FNWB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:FNWB Share Price ÷ EPS (both in USD)

= 16.05 ÷ 0.76

21.02x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • First Northwest Bancorp is overvalued based on earnings compared to the US Banks industry average.
  • First Northwest Bancorp is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does First Northwest Bancorp's expected growth come at a high price?
Raw Data
NasdaqGM:FNWB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 21.02x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
21.8%per year
United States of America Banks Industry PEG Ratio Median Figure of 270 Publicly-Listed Banks Companies 1.19x
United States of America Market PEG Ratio Median Figure of 2,119 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for First Northwest Bancorp, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on First Northwest Bancorp's assets?
Raw Data
NasdaqGM:FNWB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $17.07
NasdaqGM:FNWB Share Price * NasdaqGM (2019-07-19) in USD $16.05
United States of America Banks Industry PB Ratio Median Figure of 594 Publicly-Listed Banks Companies 1.2x
United States of America Market PB Ratio Median Figure of 5,245 Publicly-Listed Companies 1.79x
NasdaqGM:FNWB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:FNWB Share Price ÷ Book Value per Share (both in USD)

= 16.05 ÷ 17.07

0.94x

* Primary Listing of First Northwest Bancorp.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • First Northwest Bancorp is good value based on assets compared to the US Banks industry average.
X
Value checks
We assess First Northwest Bancorp's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. First Northwest Bancorp has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

FNWB Future Performance

 How is First Northwest Bancorp expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover First Northwest Bancorp, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
21.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is First Northwest Bancorp expected to grow at an attractive rate?
  • First Northwest Bancorp's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • First Northwest Bancorp's earnings growth is expected to exceed the United States of America market average.
  • Unable to compare First Northwest Bancorp's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqGM:FNWB Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGM:FNWB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 21.8%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 1.9%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGM:FNWB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGM:FNWB Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 42 14 8
2018-12-31 42 13 7
2018-09-30 40 13 5
2018-06-30 40 11 5
2018-03-31 39 13 4
2017-12-31 39 10 5
2017-09-30 38 10 6
2017-06-30 36 1 5
2017-03-31 35 6 5
2016-12-31 34 5 4
2016-09-30 34 6 3
2016-06-30 33 11 4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • First Northwest Bancorp's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if First Northwest Bancorp is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGM:FNWB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from First Northwest Bancorp Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:FNWB Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.76
2018-12-31 0.69
2018-09-30 0.47
2018-06-30 0.45
2018-03-31 0.41
2017-12-31 0.46
2017-09-30 0.58
2017-06-30 0.46
2017-03-31 0.45
2016-12-31 0.33
2016-09-30 0.29
2016-06-30 0.33

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if First Northwest Bancorp will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess First Northwest Bancorp's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
First Northwest Bancorp has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

FNWB Past Performance

  How has First Northwest Bancorp performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare First Northwest Bancorp's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • First Northwest Bancorp has delivered over 20% year on year earnings growth in the past 5 years.
  • First Northwest Bancorp's 1-year earnings growth exceeds its 5-year average (81.3% vs 34.5%)
  • First Northwest Bancorp's earnings growth has exceeded the US Banks industry average in the past year (81.3% vs 38.2%).
Earnings and Revenue History
First Northwest Bancorp's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from First Northwest Bancorp Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:FNWB Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 41.91 7.79 28.93
2018-12-31 41.54 7.11 29.37
2018-09-30 40.49 4.86 29.50
2018-06-30 40.16 4.71 29.16
2018-03-31 39.43 4.30 28.76
2017-12-31 38.61 4.94 28.20
2017-09-30 37.51 6.24 27.06
2017-06-30 35.79 5.12 26.60
2017-03-31 35.45 5.16 25.70
2016-12-31 34.18 3.89 24.85
2016-09-30 34.23 3.42 24.87
2016-06-30 33.35 3.99 23.94
2016-03-31 31.59 3.60 23.14
2015-12-31 30.56 -4.88 22.35
2015-09-30 28.50 -4.71 21.07
2015-06-30 27.60 -5.09 20.44
2015-03-31 27.03 -5.18 20.20
2014-12-31 26.38 2.86 19.86
2014-09-30 26.34 2.84 19.49
2014-06-30 25.51 2.67 18.93
2014-03-31 24.93 2.68 18.23
2013-12-31 24.73 2.91 17.83
2013-09-30 24.34 2.36 18.30
2013-06-30 23.92 2.32 18.20
2012-09-30 18.31 -1.11 16.58

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • First Northwest Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • First Northwest Bancorp used its assets less efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if First Northwest Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess First Northwest Bancorp's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
First Northwest Bancorp has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

FNWB Health

 How is First Northwest Bancorp's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of First Northwest Bancorp's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from First Northwest Bancorp Company Filings, last reported 3 months ago.

NasdaqGM:FNWB Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 173.41 135.17 27.66
2018-12-31 172.26 136.55 17.22
2018-09-30 171.90 121.53 25.33
2018-06-30 172.95 126.27 22.88
2018-03-31 173.50 122.95 25.15
2017-12-31 177.05 144.10 26.70
2017-09-30 177.93 111.66 25.01
2017-06-30 177.72 77.43 15.49
2017-03-31 178.54 86.55 23.19
2016-12-31 176.89 65.88 22.65
2016-09-30 189.27 75.09 29.80
2016-06-30 189.74 80.67 15.95
2016-03-31 191.26 84.76 20.46
2015-12-31 189.38 75.15 23.66
2015-09-30 192.26 89.92 38.57
2015-06-30 190.68 90.03 37.63
2015-03-31 191.65 90.03 42.07
2014-12-31 83.01 90.03 139.28
2014-09-30 81.90 90.03 27.45
2014-06-30 81.00 105.13 14.76
2014-03-31
2013-12-31 79.29 100.03 32.49
2013-09-30 78.62 100.03 19.25
2013-06-30 78.62 100.03 19.25
2012-09-30 78.45 100.03 36.53
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • First Northwest Bancorp has an acceptable proportion of non-loan assets held.
  • First Northwest Bancorp's liabilities are made up of primarily low risk sources of funding.
  • Loans at First Northwest Bancorp are broadly funded by customer deposits.
  • First Northwest Bancorp's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • First Northwest Bancorp has a sufficient allowance for bad loans.
  • First Northwest Bancorp has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess First Northwest Bancorp's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. First Northwest Bancorp has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

FNWB Dividends

 What is First Northwest Bancorp's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.75%
Current annual income from First Northwest Bancorp dividends.
If you bought $2,000 of First Northwest Bancorp shares you are expected to receive $15 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • First Northwest Bancorp's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • First Northwest Bancorp's dividend is below the markets top 25% of dividend payers in United States of America (3.76%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGM:FNWB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 479 Stocks 3.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2016 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGM:FNWB Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-04 0.120 0.748
2018-10-30 0.120 0.787

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • First Northwest Bancorp is not paying a notable dividend for United States of America, therefore no need to check if the payments are stable.
  • First Northwest Bancorp is not paying a notable dividend for United States of America, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of First Northwest Bancorp's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of First Northwest Bancorp's dividends as it is not paying a notable one for United States of America.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess First Northwest Bancorp's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can First Northwest Bancorp afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. First Northwest Bancorp has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

FNWB Management

 What is the CEO of First Northwest Bancorp's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Larry Hueth
COMPENSATION $363,603
AGE 56
TENURE AS CEO 6.3 years
CEO Bio

Mr. Laurence J. Hueth, also known as Larry, is Chief Executive Officer and President at First Federal Savings and Loan Association of Port Angeles (“First Federal”). He serves as Chief Executive Officer and President of First Northwest Bancorp since March 26, 2013. Mr. Hueth served as Chief Financial Officer, Chief Operating Officer, Chief Risk Officer, Principal Accounting Officer and Executive Vice President at First Northwest Bancorp. Mr. Hueth had been Chief Operating Officer of First Federal since 2012. He served as Chief Financial Officer and Executive Vice President of First Federal since February 2009 and Chief Risk Officer of Bank since 2011. He served as Principal Accounting Officer of Bank. He joined First Federal as Asset/Liability Manager in December 2008, he has over 30 years of progressively responsible experience in the finance and risk management areas within the banking industry. Prior to joining First Federal, Mr. Hueth served at by PFF Bank & Trust located in Pomona, California for 15 years holding positions in finance, treasury and operational risk management, including serving as Vice President, Operational Risk Manager and Bank Treasurer from 2005 to November 2008. He serves as a Director of First Northwest Bancorp since 2010. He has been a Director of First Federal since 2010.

CEO Compensation
  • Larry's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Larry's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the First Northwest Bancorp management team in years:

6.3
Average Tenure
49
Average Age
  • The average tenure for the First Northwest Bancorp management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Larry Hueth

TITLE
President
COMPENSATION
$364K
AGE
56
TENURE
6.3 yrs

Regina Wood

TITLE
Executive VP
COMPENSATION
$263K
AGE
49
TENURE
6.3 yrs

Chris Riffle

TITLE
Executive VP
AGE
43
TENURE
0.8 yrs

Tyanna Gadbaw

TITLE
VP & Ops. Electronic Delivery Manager - First Federal Savings and Loan Association of Port Angeles

Michelle Catton

TITLE
VP and Bus. Intell. & Sys. App. Mngr. - First Federal Savings and Loan Association of Port Angeles

Lisa Due

TITLE
VP & Retail Operations Manager - First Federal Savings and Loan Association of Port Angeles

Jackie Gold

TITLE
VP & Loan Operations Manager - First Federal Savings and Loan Association of Port Angeles

Diane Harrison

TITLE
VP and Org. Learning & Dev. Manager - First Federal Savings and Loan Association of Port Angeles

Christie Sharpe

TITLE
VP & Controller of First Federal Savings & Loan Association of Port Angeles

Kent Sommerfeld

TITLE
VP & Facilities Manager - First Federal Savings and Loan Association of Port Angeles
Board of Directors Tenure

Average tenure and age of the First Northwest Bancorp board of directors in years:

5.8
Average Tenure
67
Average Age
  • The tenure for the First Northwest Bancorp board of directors is about average.
Board of Directors

Steve Oliver

TITLE
Chairman of the Board
COMPENSATION
$40K
AGE
71
TENURE
4.5 yrs

Larry Hueth

TITLE
President
COMPENSATION
$364K
AGE
56
TENURE
9.5 yrs

Dave Blake

TITLE
Vice Chairman of the Board
COMPENSATION
$35K
AGE
71
TENURE
5.8 yrs

Cindy Finnie

TITLE
Director
COMPENSATION
$37K
AGE
69
TENURE
7.5 yrs

Jennifer Zaccardo

TITLE
Director
COMPENSATION
$36K
AGE
67
TENURE
8.5 yrs

Craig Curtis

TITLE
Director
COMPENSATION
$32K
AGE
58
TENURE
5.5 yrs

David Flodstrom

TITLE
Director
COMPENSATION
$37K
AGE
72
TENURE
17.5 yrs

Norman Tonina

TITLE
Director
COMPENSATION
$33K
AGE
55
TENURE
5.8 yrs

Dana Behar

TITLE
Director
COMPENSATION
$33K
AGE
57
TENURE
3.7 yrs
Who owns this company?
Recent Insider Trading
  • First Northwest Bancorp individual insiders have only sold shares in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
09. Jul 19 Sell Regina Wood Individual 06. Jul 19 06. Jul 19 -1,333 $16.41 $-21,875
07. Mar 19 Buy Norman Tonina Individual 06. Mar 19 06. Mar 19 2,000 $15.86 $31,728
05. Mar 19 Buy Craig Curtis Individual 05. Mar 19 05. Mar 19 313 $16.05 $5,025
07. Dec 18 Buy Cindy Finnie Individual 07. Dec 18 07. Dec 18 300 $15.09 $4,526
14. Nov 18 Buy Craig Curtis Individual 09. Nov 18 09. Nov 18 333 $15.48 $5,156
13. Sep 18 Buy Cindy Finnie Individual 13. Sep 18 13. Sep 18 300 $16.10 $4,829
14. Aug 18 Buy Jennifer Zaccardo Individual 10. Aug 18 10. Aug 18 1,300 $16.14 $20,956
X
Management checks
We assess First Northwest Bancorp's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. First Northwest Bancorp has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

FNWB News

Simply Wall St News

Do Directors Own First Northwest Bancorp (NASDAQ:FNWB) Shares?

Check out our latest analysis for First Northwest Bancorp NasdaqGM:FNWB Ownership Summary, July 12th 2019 What Does The Institutional Ownership Tell Us About First Northwest Bancorp? … We can see that First Northwest Bancorp does have institutional investors; and they hold 61% of the stock. … Insider Ownership Of First Northwest Bancorp The definition of an insider can differ slightly between different countries, but members of the board of directors always count.

Simply Wall St -

Update: First Northwest Bancorp (NASDAQ:FNWB) Stock Gained 30% In The Last Three Years

That's what has happened with the First Northwest Bancorp (NASDAQ:FNWB) share price. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … During three years of share price growth, First Northwest Bancorp achieved compound earnings per share growth of 37% per year.

Simply Wall St -

The First Northwest Bancorp (NASDAQ:FNWB) Share Price Is Up 30% And Shareholders Are Holding On

That's what has happened with the First Northwest Bancorp (NASDAQ:FNWB) share price. … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … During three years of share price growth, First Northwest Bancorp achieved compound earnings per share growth of 37% per year.

Simply Wall St -

Should You Be Adding First Northwest Bancorp (NASDAQ:FNWB) To Your Watchlist Today?

I like to take a look at earnings before interest and (EBIT) tax margins, as well as revenue growth, to get another take on the quality of the company's growth. … I note that First Northwest Bancorp's revenue from operations was lower than its revenue in the last twelve months, so that could distort my analysis of its margins. … While we note First Northwest Bancorp's EBIT margins were flat over the last year, revenue grew by a solid 7.6% to US$42m.

Simply Wall St -

What Kind Of Shareholders Own First Northwest Bancorp (NASDAQ:FNWB)?

The big shareholder groups in First Northwest Bancorp (NASDAQ:FNWB) have power over the company. … Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. … First Northwest Bancorp is a smaller company with a market capitalization of US$158m, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

The First Northwest Bancorp (NASDAQ:FNWB) Share Price Is Up 21% And Shareholders Are Holding On

Unfortunately for shareholders, while the First Northwest Bancorp (NASDAQ:FNWB) share price is up 21% in the last three years, that falls short of the market return. … By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … During three years of share price growth, First Northwest Bancorp moved from a loss to profitability.

Simply Wall St -

Why These Fundamentals Make First Northwest Bancorp’s (NASDAQ:FNWB) More Attractive

As a small-cap bank stock with a market capitalisation of US$164m, First Northwest Bancorp’s (NASDAQ:FNWB) risk and profitability are largely determined by the underlying economic growth of the US regions in which it operates. … The Basel III reforms are aimed at banking regulations to improve financial institutions’ ability to absorb shocks caused by economic stress which could expose banks like First Northwest Bancorp to vulnerabilities. … Low levels of leverage coupled with sufficient liquidity may place First Northwest Bancorp in a safe position in the face of adverse headwinds.

Simply Wall St -

Should You Be Concerned About First Northwest Bancorp’s (NASDAQ:FNWB) Risks?

Risk associated with repayment is measured by bad debt which is written off as an expense, impacting First Northwest Bancorp’s bottom line. … Looking through a risk-lens is a useful way to assess the attractiveness of First Northwest Bancorp's a stock investment. … View our latest analysis for First Northwest Bancorp

Simply Wall St -

Despite Its High P/E Ratio, Is First Northwest Bancorp (NASDAQ:FNWB) Still Undervalued?

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … To keep it practical, we'll show how First Northwest Bancorp's (NASDAQ:FNWB) P/E ratio could help you assess the value on offer. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Can First Northwest Bancorp (NASDAQ:FNWB) Survive The Next Financial Crisis?

First Northwest Bancorp’s (NASDAQ:FNWB) profitability and risk are largely affected by the underlying economic growth for the region it operates in US given it is a small-cap stock with a market capitalisation of US$161m. … Unpredictable macro events such as political instability could weaken its financial position which is why it is important to understand how well the bank manages its risk levels. … Strong management of leverage and liquidity could place the bank in a protected position at the face of macro headwinds.

Simply Wall St -

FNWB Company Info

Description

First Northwest Bancorp operates as a bank holding company for First Federal Savings and Loan Association of Port Angeles that provides commercial and consumer banking services to individuals, businesses, and nonprofit organizations in western Washington, the United States. The company offers various deposit instruments, including checking accounts, money market deposit accounts, savings accounts, transaction accounts, and certificates of deposit. Its lending activities comprise one- to four-family mortgage loans, commercial and multi-family real estate loans, construction and land loans, and commercial business loans, as well as consumer loans primarily consisting of automobile loans, and home-equity loans and lines of credit. The company operates through 13 banking locations, which include 10 full-service banking offices; 2 banking locations primarily serving its customers through interactive teller machines; and 1 home lending center. First Northwest Bancorp was founded in 1923 and is based in Port Angeles, Washington.

Details
Name: First Northwest Bancorp
FNWB
Exchange: NasdaqGM
Founded: 1923
$162,978,103
10,154,399
Website: http://www.ourfirstfed.com
Address: First Northwest Bancorp
105 West 8th Street,
Port Angeles,
Washington, 98362,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM FNWB Common Stock Nasdaq Global Market US USD 30. Jan 2015
Number of employees
Current staff
Staff numbers
201
First Northwest Bancorp employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/21 01:14
End of day share price update: 2019/07/19 00:00
Last earnings filing: 2019/05/08
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.