First Northwest Bancorp FNWB
First Northwest, a Washington corporation, is a bank holding company and a financial holding company. First Northwest is engaged in banking activities through its wholly owned subsidiary, First Fed, as well as certain non-banking financial activities. Non-banking investments include several limited partnership investments. The Company's business activities are generally focused on passive investment activities and oversight of the activities of First Fed.
First Northwest is subject to regulation by the Board of Governors of the Federal Reserve System ("Federal Reserve"). A financial holding company is a bank holding company that is permitted to engage in specified types of non-banking financial services. First Fed is examined and regulated by the Washington State Department of Financial Institutions, Division of Banks ("DFI") and by the Federal Deposit Insurance Corporation ("FDIC"). First Fed is required to have certain reserves set by the Federal Reserve and is a member of the Federal Home Loan Bank of Des Moines ("FHLB"), which is one of the 11 regional banks in the Federal Home Loan Bank System ("FHLB System").
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $107.0M | $112.3M | $100.9M | $80.4M | $63.7M | $51.7M | $229.0K | $45.8M | $36.8M | $32.2M |
| Interest expense | $57.3M | $56.3M | $61.4M | $10.5M | $5.4M | $7.7M | $11.4M | $9.0M | $5.2M | $4.8M |
| Pre-tax income | -$5.4M | -$7.6M | $2.7M | $16.3M | $18.2M | $13.3M | $11.1M | $8.7M | $6.8M | $5.4M |
| Income tax | $1.2M | $944.0K | $549.0K | $2.8M | $3.2M | $3.0M | $2.1M | $1.6M | $1.7M | $1.5M |
| Net income | -$4.2M | -$6.6M | $2.3M | $15.6M | $15.4M | $10.3M | $9.0M | $7.1M | $5.1M | $4.0M |
| EPS, basic | -0.48 | -0.75 | 0.26 | 1.71 | 1.63 | 1.07 | 0.92 | 0.69 | 0.46 | 0.33 |
| EPS, diluted | -0.48 | -0.75 | 0.26 | 1.71 | 1.63 | 1.07 | 0.91 | 0.68 | 0.46 | 0.33 |
| Shares, diluted (wtd. avg.) | 8.8M | 8.8M | 8.9M | 9.1M | 9.2M | 9.4M | 9.9M | 10.4M | 11.2M | 12.0M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $15.5M | $16.8M | $19.8M | $17.1M | $13.9M | $13.5M | $13.5M | $26.3M | $36.8M | $22.6M |
| Property, plant and equipment | $8.5M | $10.1M | $18.0M | $18.1M | $19.8M | $14.8M | $14.3M | $15.3M | $13.2M | $13.5M |
| Total assets | $2.11B | $2.23B | $2.20B | $2.04B | $1.92B | $1.65B | $1.31B | $1.26B | $1.09B | $1.01B |
| Long-term debt | — | — | — | — | — | $110.0M | $112.9M | $136.6M | $77.4M | $80.7M |
| Total liabilities | $1.95B | $2.08B | $2.04B | $1.88B | $1.73B | $1.47B | $1.13B | $1.09B | $910.0M | $820.4M |
| Retained earnings | $91.7M | $97.2M | $107.3M | $114.4M | $103.0M | $92.7M | $86.2M | $81.6M | $77.5M | $77.3M |
| Total equity | $157.3M | $153.9M | $163.3M | $158.3M | $190.5M | $186.4M | $176.9M | $172.3M | $177.0M | $189.7M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$2.8M | $16.9M | $17.9M | $15.9M | $15.2M | $13.3M | $14.1M | $13.3M | $1.1M | $10.6M |
| Depreciation and amortisation | $1.2M | $1.4M | $1.6M | $2.0M | $1.4M | $1.4M | $1.3M | $1.3M | $1.2M | $1.1M |
| Stock-based compensation | $733.0K | $957.0K | $1.4M | $1.6M | $2.3M | $1.3M | $1.1M | $1.1M | $977.0K | $0 |
| Capital expenditure | — | — | $1.6M | $2.9M | $6.0M | $1.8M | $426.0K | $2.8M | $956.0K | $2.1M |
| Investing cash flow | $132.9M | -$87.1M | -$84.2M | -$237.6M | -$136.9M | -$316.0M | -$19.9M | -$60.7M | -$80.3M | -$93.1M |
| Financing cash flow | -$117.5M | $19.5M | $143.9M | $141.3M | $182.6M | $319.1M | $28.3M | $36.9M | $80.8M | $60.1M |
| Dividends paid | $1.3M | $2.6M | $2.7M | $2.8M | $2.5M | $2.2M | $1.4M | $335.0K | $0 | $0 |
| Buybacks | $0 | $4.1M | $1.1M | $5.4M | $6.0M | $7.4M | $7.8M | $10.0M | $16.5M | $5.5M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-011851.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $32.2M | $36.8M | $45.8M | $229.0K | $51.7M | $63.7M | $80.4M | $100.9M | $112.3M | $107.0M |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $4.0M | $5.1M | $7.1M | $9.0M | $10.3M | $15.4M | $15.6M | $2.3M | -$6.6M | -$4.2M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Regulation FD disclosure Item 7.01
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Regulation FD disclosure Item 7.01
- Results announced Item 2.02
- Officer or director change Item 5.02
- Officer or director change Item 5.02
- Regulation FD disclosure Item 7.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 6036
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| FLG | FLAGSTAR BANK, NATIONAL ASSOCIATION | $4.31B | — | -25.0% |
| BBT | Beacon Financial Corp | $2.52B | 29.2x | 81.1% |
| HFWA | HERITAGE FINANCIAL CORP /WA/ | $1.19B | 14.9x | 1.5% |
| NBBK | NB Bancorp, Inc. | $1.01B | 17.2x | 14.8% |
| SMBC | SOUTHERN MISSOURI BANCORP, INC. | $792.0M | 13.9x | 11.7% |
| TCBX | Third Coast Bancshares, Inc. | $662.9M | 10.5x | — |
| GCBC | GREENE COUNTY BANCORP INC | $606.3M | 19.5x | 13.5% |
| HBCP | HOME BANCORP, INC. | $483.6M | 10.5x | 4.9% |