NasdaqGM:FNWB

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First Northwest Bancorp

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. More Details


Snowflake Analysis

Flawless balance sheet and slightly overvalued.


Similar Companies

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 is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: FNWB's weekly volatility (9%) has been stable over the past year.


Market Performance


7 Day Return

-6.0%

FNWB

-2.7%

US Banks

0.6%

US Market


1 Year Return

-13.8%

FNWB

-16.6%

US Banks

22.7%

US Market

Return vs Industry: FNWB exceeded the US Banks industry which returned -19.6% over the past year.

Return vs Market: FNWB underperformed the US Market which returned 21% over the past year.


Shareholder returns

FNWBIndustryMarket
7 Day-6.0%-2.7%0.6%
30 Day27.7%20.9%13.1%
90 Day33.0%17.0%4.5%
1 Year-12.4%-13.8%-13.6%-16.6%25.5%22.7%
3 Year-10.0%-12.3%-6.0%-13.8%49.0%39.1%
5 Year11.3%8.4%38.8%21.5%98.3%76.5%

Long-Term 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

Valuation

Is First Northwest Bancorp undervalued compared to its fair value and its price relative to the market?

16.22x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: FNWB ($15) is trading above our estimate of fair value ($4.82)

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 (16.2x) compared to the US Banks industry average (11.3x).

PE vs Market: FNWB is good value based on its PE Ratio (16.2x) compared to the US market (19.3x).


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 (0.8x) compared to the US Banks industry average (0.9x).


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?

15.8%

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

Past Performance

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

33.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FNWB has high quality earnings.

Growing Profit Margin: FNWB's current net profit margins (17.6%) are lower than last year (20.5%).


Past Earnings Growth Analysis

Earnings Trend: FNWB has become profitable over the past 5 years, growing earnings by 33.5% per year.

Accelerating Growth: FNWB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: FNWB had negative earnings growth (-2.1%) over the past year, making it difficult to compare to the Banks industry average (-4.1%).


Return on Equity

High ROE: FNWB's Return on Equity (4.8%) is considered low.


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


Financial Institutions Analysis

Asset Level: FNWB's Assets to Equity ratio (8.7x) is low.

Allowance for Bad Loans: FNWB has a sufficient allowance for bad loans (420%).

Low Risk Liabilities: 91% of FNWB's liabilities are made up of primarily low risk sources of funding.

Loan Level: FNWB has an appropriate level of Loans to Assets ratio (68%).

Low Risk Deposits: FNWB's Loans to Deposits ratio (85%) is appropriate.

Level of Bad Loans: FNWB has an appropriate level of bad loans (0.3%).


Next Steps

Dividend

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

1.60%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FNWB's dividend (1.6%) is higher than the bottom 25% of dividend payers in the US market (1.5%).

High Dividend: FNWB's dividend (1.6%) is low compared to the top 25% of dividend payers in the US market (4.18%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, FNWB has been paying a dividend for less than 10 years.

Growing Dividend: FNWB's dividend payments have increased, but the company has only paid a dividend for 2 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (20.5%), FNWB's dividend payments are well 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

How experienced are the management team and are they aligned to shareholders interests?

1.3yrs

Average management tenure


CEO

Matt Deines (47 yo)

1.92yrs

Tenure

US$650,032

Compensation

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...


CEO Compensation Analysis

Compensation vs Market: Matt's total compensation ($USD650.03K) is about average for companies of similar size in the US market ($USD561.31K).

Compensation vs Earnings: Insufficient data to compare Matt's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Matthew Deines
President1.92yrsUS$650.03k0.65%
$ 930.0k
Christopher Riffle
Executive VP2.08yrsUS$292.77k0.31%
$ 436.8k
Geraldine Bullard
Executive VP & CFO0.67yrno data0.18%
$ 262.5k
Derek Brown
Executive VP and Chief Human Resources & Marketing Officer0.67yrno data0.26%
$ 368.8k
Allison Mahaney
VP, Assistant General Counsel & Corporate Secretaryno datano datano data
Tyanna Gadbaw
VP & Ops. Electronic Delivery Manager - First Federal Savings and Loan Association of Port Angelesno datano datano data
Michelle Catton
VP and Bus. Intell. & Sys. App. Mngr. - First Federal Savings and Loan Association of Port Angelesno datano datano data
Lisa Due
VP & Retail Operations Manager - First Federal Savings and Loan Association of Port Angelesno datano datano data
Jackie Gold
VP & Loan Operations Manager - First Federal Savings and Loan Association of Port Angelesno datano datano data
Diane Harrison
VP and Org. Learning & Dev. Manager - First Federal Savings and Loan Association of Port Angelesno datano datano data
Christie Sharpe
VP & Controller of First Federal Savings & Loan Association of Port Angelesno datano datano data
Kent Sommerfeld
VP & Facilities Manager - First Federal Savings and Loan Association of Port Angelesno datano datano data

1.3yrs

Average Tenure

Experienced Management: FNWB's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Matthew Deines
President1.92yrsUS$650.03k0.65%
$ 930.0k
Stephen Oliver
Independent Chairman of the Board5.83yrsUS$50.45k0.25%
$ 360.1k
David Blake
Independent Director15.83yrsUS$38.64k0.28%
$ 394.9k
Cindy Finnie
Independent Vice Chairmanno dataUS$36.91k0.32%
$ 450.8k
Jennifer Zaccardo
Independent Director9.83yrsUS$115.01k0.35%
$ 491.3k
Dana Behar
Independent Director5yrsUS$32.16k0.26%
$ 375.3k
Norman Tonina
Independent Director7.08yrsUS$33.40k0.31%
$ 446.2k
Craig Curtis
Independent Director6.83yrsUS$70.62k0.26%
$ 370.4k
Sherilyn Anderson
Independent Director0.17yrno data0.052%
$ 73.9k

6.3yrs

Average Tenure

63.5yo

Average Age

Experienced Board: FNWB's board of directors are considered experienced (6.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: FNWB insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

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$142.199m
  • Shares outstanding: 9.48m
  • Website: https://www.ourfirstfed.com

Number of Employees


Location

  • First Northwest Bancorp
  • 105 West 8th Street
  • Port Angeles
  • Washington
  • 98362
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FNWBNasdaqGM (Nasdaq Global Market)YesCommon StockUSUSDJan 2015
45IDB (Deutsche Boerse AG)YesCommon StockDEEURJan 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, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/01 23:28
End of Day Share Price2020/12/01 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.