First Northwest Bancorp Reports Second Quarter 2024 Financial Results [Yahoo! Finance]
First Northwest Bancorp (FNWB)
US:NASDAQ Investor Relations:
snl.com/irw/corporateprofile/4343673
Company Research
Source: Yahoo! Finance
Northwest executed on a balance sheet restructure strategy. The restructure included a sale-leaseback transaction for six of our branches, a restructure of our bank-owned life insurance policies, two securities loss sale transactions, two balance sheet hedges against fixed rate loans and municipal bonds and the sale of our Visa B shares," commented Matthew P. Deines, President and CEO. "As a result, we reached an inflection point for the net interest margin in the second quarter after declines for the preceding five quarters. We also reduced wholesale funding reliance in the current quarter, and today are announcing significant expense reduction through a reduction in force which we expect will positively impact earnings in the second half of 2024 and into 2025. We still have substantial work to do in order to produce stronger earnings. However, we believe we have laid the groundwork for improved earnings moving forward as lower yielding assets reprice, payoff and paydown in line with
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News
- First Northwest Bancorp (NASDAQ:FNWB) investors are sitting on a loss of 37% if they invested three years ago [Yahoo! Finance]Yahoo! Finance
- First Northwest Bancorp President Acquires 8.6% More Stock [Yahoo! Finance]Yahoo! Finance
- First Northwest Bancorp (NASDAQ: FNWB) had its price target raised by analysts at Piper Sandler from $11.00 to $11.50. They now have a "neutral" rating on the stock.MarketBeat
- First Northwest Bancorp Reports Second Quarter 2024 Financial ResultsGlobeNewswire
- First Northwest Bancorp and First Fed Announce the Retirement of Jennifer Zaccardo from Boards of Directors [Yahoo! Finance]Yahoo! Finance
FNWB
Earnings
- 7/25/24 - Beat
FNWB
Sec Filings
- 9/11/24 - Form 4
- 9/5/24 - Form 144
- 8/12/24 - Form 10-Q
- FNWB's page on the SEC website