First Northwest Bancorp Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

First Northwest Bancorp (NASDAQ:FNWB) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$12.8m (down 26% from 2Q 2023).
• Net loss: US$2.22m (down by 226% from US$1.77m profit in 2Q 2023).
• US$0.25 loss per share (down from US$0.20 profit in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

First Northwest Bancorp Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 26%. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are down 8.9% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for First Northwest Bancorp that you need to be mindful of.

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