First Northwest Bancorp
Market Cap
US$174.5m
Last Updated
2020/01/23 00:57 UTC
Data Sources
Company Financials
Executive Summary
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.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with solid track record.
Share Price & News
How has First Northwest Bancorp's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FNWB has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-1.5%
FNWB
-0.2%
US Banks
0.6%
US Market
1 Year Return
14.1%
FNWB
15.3%
US Banks
24.6%
US Market
Return vs Industry: FNWB underperformed the US Banks industry which returned 15.3% over the past year.
Return vs Market: FNWB underperformed the US Market which returned 24.7% over the past year.
Shareholder returns
| FNWB | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.5% | -0.2% | 0.6% |
| 30 Day | -1.8% | -2.6% | 3.0% |
| 90 Day | 1.6% | 5.6% | 10.6% |
| 1 Year | 15.0%14.1% | 18.6%15.3% | 27.3%24.6% |
| 3 Year | 16.5%15.4% | 29.3%20.1% | 50.5%40.8% |
| 5 Year | n/a | 89.1%67.9% | 78.9%59.1% |
Price Volatility Vs. Market
How volatile is First Northwest Bancorp's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Should First Northwest Bancorp (NASDAQ:FNWB) Be Disappointed With Their 12% Profit?4 weeks ago | Simply Wall St
Here's What First Northwest Bancorp's (NASDAQ:FNWB) P/E Is Telling Us1 month ago | Simply Wall St
How Does First Northwest Bancorp (NASDAQ:FNWB) Fare As A Dividend Stock?Valuation
Is First Northwest Bancorp undervalued compared to its fair value and its price relative to the market?
19.59x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: FNWB ($17.37) is trading above our estimate of fair value ($3.73)
Significantly Below Fair Value: FNWB is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: FNWB is poor value based on its PE Ratio (19.4x) compared to the Banks industry average (12.8x).
PE vs Market: FNWB is poor value based on its PE Ratio (19.4x) compared to the US market (18.9x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate FNWB's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: FNWB is good value based on its PB Ratio (1x) compared to the US Banks industry average (1.2x).
Next Steps
Future Growth
How is First Northwest Bancorp forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
2.6%
Forecasted Banks industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as First Northwest Bancorp has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Check out First Northwest Bancorp's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
- Explore growth companies in the Banks industry.
Past Performance
How has First Northwest Bancorp performed over the past 5 years?
42.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FNWB has high quality earnings.
Growing Profit Margin: FNWB's current net profit margins (20.5%) are higher than last year (12%).
Past Earnings Growth Analysis
Earnings Trend: FNWB's earnings have grown significantly by 42.2% per year over the past 5 years.
Accelerating Growth: FNWB's earnings growth over the past year (83.6%) exceeds its 5-year average (42.2% per year).
Earnings vs Industry: FNWB earnings growth over the past year (83.6%) exceeded the Banks industry 27.1%.
Return on Equity
High ROE: FNWB's Return on Equity (5%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is First Northwest Bancorp's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: FNWB has a low level of unsold assets or inventory.
Debt Coverage by Assets: FNWB's debt is not covered by short term assets (assets are 0.8x debt).
Financial Institutions Analysis
Asset Level: FNWB's level of assets compared to its equity is low.
Allowance for Bad Loans: FNWB has a sufficient allowance for bad loans.
Low Risk Liabilities: FNWB's liabilities are made up of primarily low risk sources of funding.
Loan Level: FNWB has an acceptable proportion of non-loan assets held.
Low Risk Deposits: FNWB's loans are broadly funded by customer deposits.
Level of Bad Loans: FNWB has an appropriate level of bad loans (0.16%)
Next Steps
Dividend
What is First Northwest Bancorp's current dividend yield, its reliability and sustainability?
0.91%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: FNWB's dividend (0.92%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.4%).
High Dividend: FNWB's dividend (0.92%) is low compared to the top 25% of dividend payers in the US market (3.66%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether FNWB's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if FNWB's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (13.4%), FNWB's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
What is the CEO of First Northwest Bancorp's salary, the management and board of directors tenure and is there insider trading?
1.3yrs
Average management tenure
CEO
Matt Deines (46yo)
1.1yrs
Tenure
Mr. Matthew P. Deines, also known as Matt, serves as President, Chief Executive Officer & Director at First Northwest Bancorp since December 5, 2019. He is President and Chief Executive Officer of First Fe ...
Management Age and Tenure
1.3yrs
Average Tenure
46yo
Average Age
Experienced Management: FNWB's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Board Age and Tenure
6.3yrs
Average Tenure
67yo
Average Age
Experienced Board: FNWB's board of directors are considered experienced (6.3 years average tenure).
Insider Trading
Insider Buying: FNWB insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 600 |
| Max Price | US$17.35 |
| Entity | Individual |
| Shares | 6,840 |
| Max Price | US$17.72 |
| Entity | Individual |
| Shares | 13,244 |
| Max Price | US$17.29 |
| Entity | Individual |
| Shares | 30,538 |
| Max Price | US$17.40 |
| Entity | Individual |
| Role | Chief Executive Officer President |
| Shares | 2,000 |
| Max Price | US$17.43 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 2,000 |
| Max Price | US$15.72 |
| Entity | Individual |
| Role | Chief Executive Officer President |
| Shares | 10,000 |
| Max Price | US$16.25 |
| Entity | Individual |
| Role | Chief Financial Officer Executive VP |
| Shares | 1,333 |
| Max Price | US$16.41 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 2,000 |
| Max Price | US$15.86 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 313 |
| Max Price | US$16.05 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Matt Deines (46yo)
President
- Tenure: 1.1yrs
Regina Wood (49yo)
Executive VP
- Tenure: 6.8yrs
- Compensation: US$262.66k
Tyanna Gadbaw
VP & Ops. Electronic Delivery Manager - First Federal Savings and Loan Association of Port Angeles
Michelle Catton
VP and Bus. Intell. & Sys. App. Mngr. - First Federal Savings and Loan Association of Port Angeles
Lisa Due
VP & Retail Operations Manager - First Federal Savings and Loan Association of Port Angeles
Jackie Gold
VP & Loan Operations Manager - First Federal Savings and Loan Association of Port Angeles
Diane Harrison
VP and Org. Learning & Dev. Manager - First Federal Savings and Loan Association of Port Angeles
Christie Sharpe
VP & Controller of First Federal Savings & Loan Association of Port Angeles
Kent Sommerfeld
VP & Facilities Manager - First Federal Savings and Loan Association of Port Angeles
Chris Riffle (43yo)
Executive VP
- Tenure: 1.3yrs
Board Members
Matt Deines (46yo)
President
- Tenure: 1.1yrs
Steve Oliver (71yo)
Chairman of the Board
- Tenure: 5yrs
- Compensation: US$40.20k
Dave Blake (71yo)
Vice Chairman of the Board
- Tenure: 6.3yrs
- Compensation: US$35.21k
Cindy Finnie (69yo)
Independent Director
- Tenure: 8yrs
- Compensation: US$37.00k
David Flodstrom (72yo)
Independent Director
- Tenure: 18yrs
- Compensation: US$37.05k
Jennifer Zaccardo (67yo)
Independent Director
- Tenure: 9yrs
- Compensation: US$35.89k
Dana Behar (57yo)
Independent Director
- Tenure: 4.2yrs
- Compensation: US$32.89k
Norman Tonina (55yo)
Independent Director
- Tenure: 6.3yrs
- Compensation: US$32.89k
Craig Curtis (58yo)
Independent Director
- Tenure: 6yrs
- Compensation: US$32.07k
Company Information
First Northwest Bancorp's company bio, employee growth, exchange listings and data sources
Key Information
- Name: First Northwest Bancorp
- Ticker: FNWB
- Exchange: NasdaqGM
- Founded: 1923
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$174.517m
- Shares outstanding: 9.93m
- Website: https://www.ourfirstfed.com
Number of Employees
Location
- First Northwest Bancorp
- 105 West 8th Street
- Port Angeles
- Washington
- 98362
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FNWB | NasdaqGM (Nasdaq Global Market) | Yes | Common Stock | US | USD | Jan 2015 |
Biography
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.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/01/23 00:57 |
| End of Day Share Price | 2020/01/22 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.