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Stock impact report

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of First Northwest Bancorp (FNWB) on Behalf of Investors

First Northwest Bancorp (FNWB) 
US:NASDAQ Investor Relations: snl.com/irw/corporateprofile/4343673
Company Research Source: Business Wire
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of First Northwest Bancorp (“FNWB” or the “Company”) (NASDAQ:FNWB) investors concerning the Company’s possible violations of federal securities laws.On October 25, 2024, FNWB disclosed that its second quarter 2024 financial results should no longer be relied upon due to an additional $6.6 million in charge-offs and increased provision on consumer loans, resulting in a total restated provision for credit losses on loans of $8.7 million. Additionally, the Company stated that a material weakness in the Company’s internal control over financial reporting existed as of June 30, 2024.On this news, FNWB’s stock price fell $0.23, or 2.2%, to close at $10.13 per share on October 28, 2024, thereby injuring investors.If you purchased FNWB securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests w Show less Read more
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