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Stock impact report

The Law Offices of Frank R. Cruz 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
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of First Northwest Bancorp (“FNWB” or the “Company”) (NASDAQ: FNWB) on behalf of investors concerning the Company’s possible violations of federal securities laws.If you are a shareholder who suffered a loss, click here to participate.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.Follow us for updates on Twitter: twitter.com/FRC_LAW.If you purchased FNWB securities, have informatio Show less Read more
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