First Northwest Bancorp reports Q2 EPS 42c vs (25c) last year

Reports Q2 revenue $16.363M vs $21.582M last year. Quote from Geraldine Bullard, First Northwest Interim CEO: “Our second quarter included continued modest improvement in several important performance measures, including seven basis points of net interest margin expansion and our fifth consecutive quarter of growing Adjusted PPNR. Commercial business loan recoveries totaling $1.1 million drove a modest provision release during the quarter. The Bank continues to show core customer growth, with loans growing 3% annualized compared to the preceding quarter and total deposits only down modestly despite a $31.0 million reduction in brokered time deposits during the quarter.”