First Northwest Bancorp (FNWB) AI Stock Analysis

• Market Cap: $75.53M
• Dividend Yield: 3.49%
• Average Volume (3M): 17.26K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.27
• Revenue Growth: 10.23%
• EPS Growth: -110.17%
• Country: US
• Employees: 227
• Sector: Financial
• Sector Strength: 72
• Industry: Banks - Regional
• EPS (TTM): 0.42
• Shares Outstanding: 9,418,309
• 10 Day Avg. Volume: 22,905
• 30 Day Avg. Volume: 17,261
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 5.42
• Enterprise Value/Revenue: 3.49
• Enterprise Value/Gross Profit: 11.95
• Enterprise Value/Ebitda: -37.79
• 1Y Price Target: $7.75
• Price Target Upside: -5.26% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 2

• Rating: 44 Neutral
• Price Target: $7.50 ▼(-8.31% Downside)

First Northwest Bancorp's overall stock score is primarily impacted by its financial performance challenges and the negative corporate event of a lawsuit. The technical analysis provides a neutral outlook, while the valuation is weakened by a negative P/E ratio. The lawsuit further exacerbates the risk profile, leading to a lower overall score.

First Northwest Bancorp Business Overview & Revenue Model

Company Description

First Northwest Bancorp operates as a bank holding company for First Fed Bank that provides commercial and consumer banking services to individuals, businesses, and nonprofit organizations in western Washington, the United States. It accepts various deposit instruments, including checking, money market deposit, savings, and transaction accounts, as well as certificates of deposit. The company also originates one- to four-family mortgage loans, commercial and multi-family real estate loans, construction and land loans, and commercial business loans, as well as consumer loans primarily consisting of automobile loans, and home-equity loans and lines of credit. It operates through 12 full-service branches and a lending center in Seattle. The company was founded in 1923 and is based in Port Angeles, Washington.

How the Company Makes Money

First Northwest Bancorp generates revenue primarily through interest income, which is derived from the loans it originates to customers. The bank offers various loan products, including mortgages, commercial real estate loans, and consumer loans, which typically have higher interest rates compared to the interest paid on customer deposits. Additionally, FNWB earns non-interest income from fees associated with banking services, such as account maintenance, transaction fees, and wealth management services. The company also benefits from its investment portfolio, which includes securities that generate interest income. Key partnerships with local businesses and community organizations further enhance FNWB's ability to attract customers and expand its service offerings, contributing positively to its overall earnings.

First Northwest Bancorp Financial Statement Overview

Summary

First Northwest Bancorp is experiencing significant financial challenges, including declining profitability and cash flow difficulties. The income statement shows negative margins, and the cash flow analysis reveals liquidity concerns with negative free cash flow. The balance sheet indicates moderate stability but is weakened by high leverage and declining returns on equity.

Income Statement

First Northwest Bancorp's income statement shows a concerning trend with declining margins. The gross profit margin has decreased over the years, and the TTM EBIT margin is negative, reflecting operational challenges. The net profit margin has also turned negative in the TTM period, indicating profitability issues. Revenue growth has been inconsistent, with a slight increase in recent years but insufficient to offset declining profitability.

Balance Sheet

The balance sheet reflects moderate financial stability with a high debt-to-equity ratio due to significant liabilities. The equity ratio remains relatively stable, suggesting a decent proportion of assets financed by equity. However, the return on equity has suffered due to net income losses, showing weakened shareholder returns.

Cash Flow

Cash flow analysis reveals concerns, particularly with negative free cash flow in the TTM period. The operating cash flow has turned negative, impacting liquidity. The free cash flow to net income ratio indicates cash constraints, which could limit future investments and growth potential. The inconsistency in free cash flow growth highlights potential difficulties in managing cash operations effectively.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	117.21M	117.03M	104.92M	90.70M	79.31M	67.53M
Gross Profit	34.29M	44.52M	64.13M	78.66M	72.59M	54.76M
EBITDA	-10.84M	-6.14M	4.29M	18.40M	19.72M	14.95M
Net Income	-10.16M	-6.61M	2.29M	15.64M	15.42M	10.34M
Balance Sheet
Total Assets	2.20B	2.23B	2.20B	2.04B	1.92B	1.65B
Cash, Cash Equivalents and Short-Term Investments	322.00M	412.79M	418.79M	372.17M	470.23M	429.45M
Total Debt	360.37M	353.55M	327.36M	285.36M	119.28M	109.98M
Total Liabilities	2.05B	2.08B	2.04B	1.88B	1.73B	1.47B
Stockholders Equity	149.73M	153.88M	163.34M	161.57M	190.96M	186.38M
Cash Flow
Free Cash Flow	13.55M	16.88M	16.30M	12.99M	9.14M	11.44M
Operating Cash Flow	13.63M	16.88M	17.88M	15.90M	15.15M	13.26M
Investing Cash Flow	-33.94M	-87.07M	-84.19M	-237.65M	-136.86M	-315.95M
Financing Cash Flow	-15.07M	19.47M	143.89M	141.32M	182.57M	319.11M

First Northwest Bancorp Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 8.18
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FNWB, the sentiment is Positive. The current price of 8.18 is above the 20-day moving average (MA) of 7.83, above the 50-day MA of 7.93, and below the 200-day MA of 9.65, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 58.68 is Neutral, neither overbought nor oversold. The STOCH value of 74.09 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FNWB.

First Northwest Bancorp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MGYR	69 Neutral	$112.76M	11.26	8.68%	1.66%	18.82%	35.00%
PROV	69 Neutral	$103.03M	16.73	4.84%	3.66%	2.53%	-12.02%
Sector *	65 Neutral	£5.47B	8.78	9.49%	5.10%	10.05%	-13.15%
PBHC	62 Neutral	$90.28M	31.55	2.33%	2.66%	8.19%	―
BSBK	55 Neutral	$114.39M	―	-0.25%	―	-12.23%	83.58%
WMPN	53 Neutral	$113.45M	―	-0.81%	0.97%	2.25%	-261.40%
FNWB	44 Neutral	$75.53M	―	-6.59%	3.49%	10.23%	-110.17%

First Northwest Bancorp Corporate Events

First Northwest Bancorp Releases Q2 2025 Financial Presentation

On July 24, 2025, First Northwest Bancorp released a slide presentation reviewing its financial results and trends for the quarter and six months ending June 30, 2025. This presentation was furnished under a Form 8-K and is not considered filed under the Exchange Act, indicating a focus on transparency without the legal implications of filing.

The most recent analyst rating on (FNWB) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on First Northwest Bancorp stock, see the FNWB Stock Forecast page.

First Northwest Bancorp Reaches Settlement Agreement

On August 27, 2024, involuntary bankruptcy proceedings were initiated against several borrowers of First Fed Bank, including Creative Technologies, LLC, Water Station Management, LLC, and Refreshing USA, LLC. Subsequently, on September 5, 2024, Ideal Property Investments LLC filed for voluntary bankruptcy. On November 8, 2024, Ideal initiated an adversary proceeding against the Bank. To resolve these issues, a Settlement Agreement was reached on July 17, 2025, involving the Bank, the Debtors, and the Joint Official Committee of Unsecured Creditors. As part of the agreement, the Bank agreed to release certain liens and make cash payments ranging from $2.87 million to $5.74 million, depending on creditor participation. The Bank had reserved $5.8 million for this matter and plans to seek reimbursement from its insurance carriers.

The most recent analyst rating on (FNWB) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on First Northwest Bancorp stock, see the FNWB Stock Forecast page.

First Northwest Bancorp CEO Resignation and Interim Appointment

On July 9, 2025, First Northwest Bancorp announced the resignation of Matthew P. Deines as President and CEO, effective July 12, 2025. Geraldine L. Bullard, the current Executive Vice President and Chief Operating Officer, was appointed as Interim CEO starting July 13, 2025, while the company conducts a search for a permanent replacement. The transition is part of a mutual agreement and is not due to any disagreement. The company has engaged an executive search firm to find a new CEO, and Bullard will continue in her role as COO during the interim period. The announcement underscores the company’s commitment to stable leadership and continuity in serving its community and stakeholders.

The most recent analyst rating on (FNWB) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on First Northwest Bancorp stock, see the FNWB Stock Forecast page.

First Northwest Bancorp Faces Lawsuit Over Fraud Allegations

On June 10, 2025, 3|5|2 Capital GP LLC filed a lawsuit against First Fed Bank, a subsidiary of First Northwest Bancorp, in the Superior Court of Washington. The complaint alleges that the bank was involved in a fraudulent scheme related to bonds issued by Water Station Management, which is undergoing bankruptcy proceedings. The lawsuit seeks over $106 million in damages, claiming the bank aided in misappropriating funds. First Northwest Bancorp and its bank subsidiary strongly deny the allegations and plan to defend themselves vigorously.

The most recent analyst rating on (FNWB) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on First Northwest Bancorp stock, see the FNWB Stock Forecast page.

First Northwest Bancorp Shareholders Meeting Outcomes Revealed

On May 20, 2025, First Northwest Bancorp held its Annual Meeting of Shareholders, where a quorum was present with 7,819,769.61 shares represented. During the meeting, all nominated directors were elected for a one-year term, but the proposal to amend the Articles of Incorporation to remove supermajority provisions did not pass, receiving only 65.76% approval. Shareholders approved the executive compensation in a non-binding vote and ratified Moss Adams LLP as the independent accounting firm for 2024.

The most recent analyst rating on (FNWB) stock is a Hold with a $12.00 price target. To see the full list of analyst forecasts on First Northwest Bancorp stock, see the FNWB Stock Forecast page.