Earnings ·
First Northwest Bancorp reports $0.08 loss per share for third quarter 2026
FNWBFirst Northwest Bancorp
First Northwest Bancorp reported a net loss of $743,000, or $0.08 per share, for the third quarter ended September 30, 2026, compared to a net income of $308,000 in the prior quarter and $802,000 in the same period last year. The loss was driven by a $1.3 million nonrecurring expense for the settlement of previously disclosed litigation and a $532,000 provision for credit losses. Net interest income remained stable at $14.3 million, while net interest margin expanded slightly to 2.96%. Total assets grew to $2.14 billion, supported by a $27 million increase in customer deposits that improved the funding mix and reduced reliance on brokered deposits. Nonperforming loans declined to $19.9 million, and the allowance for credit losses stood at $16.4 million. First Northwest Bancorp is a bank holding company operating through its subsidiary, First Fed Bank.