NASDAQ · Financial Statements

First Northwest Bancorp (FNWB) Financial Statements

$9.65 NASDAQ: FNWB Market Cap $91.79M

First Northwest Bancorp most recently reported annual revenue of $107.0M, a net loss of $4.0M. Revenue grew at an average annual rate of 9.5% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

First Northwest Bancorp: Revenue rose from $43.0M in 2016 to $107.0M in 2025, a change of +148.8% over 9 years; net profit was positive in 8 of 10 reported years; operating margin moved from 15.8% to -5.5%, a shift of -21.3 percentage points; the most recent year shows a net loss of $4.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$43.0M$47.0M$52.0M$56.0M$68.0M$79.0M$91.0M$105.0M$117.0M$107.0M
Operating Expenses$36.0M$39.0M$43.0M$45.0M$54.0M$61.0M$74.0M$102.0M$125.0M$113.0M
Operating Profit$7.0M$7.0M$9.0M$11.0M$13.0M$18.0M$16.0M$3.0M$-8.0M$-6.0M
Operating Margin15.8%15.6%16.8%19.7%19.7%22.9%18.0%2.5%-6.5%-5.5%
Other Income$0$0$0$0$0$0$0$0$0$0
Interest$5.0M$0$9.0M$11.0M$8.0M$5.0M$11.0M$39.0M$56.0M$50.0M
Depreciation$1.0M$1.0M$2.0M$2.0M$2.0M$2.0M$2.0M$2.0M$1.0M$1.0M
Profit Before Tax$7.0M$7.0M$9.0M$11.0M$13.0M$18.0M$16.0M$3.0M$-8.0M$-6.0M
Tax$24.5M$55.2M$18.1M$18.7M$22.2M$17.6M$17.4M$20.5M$12.5M$28.6M
Net Profit$5.0M$3.0M$7.0M$9.0M$10.0M$15.0M$16.0M$2.0M$-7.0M$-4.0M
EPS$0.46$0.31$0.68$0.91$1.10$1.62$1.71$0.25$-0.75$-0.48
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$29.0M$23.0M$30.0M$28.0M$30.0M$29.0M$31.0M$29.0M$29.0M$18.0M$27.0M$27.0M
Operating Expenses$26.0M$30.0M$29.0M$31.0M$33.0M$32.0M$41.0M$25.0M$29.0M$18.0M$28.0M$27.0M
Operating Profit$3.0M$-7.0M$1.0M$-3.0M$-3.0M$-2.0M$-10.0M$4.0M$0$0$0$0
Operating Margin10.8%-29.4%2.9%-9.9%-10.6%-8.3%-33.2%13.5%-0.5%2.6%-1.1%1.2%
Interest$11.0M$12.0M$13.0M$14.0M$14.0M$14.0M$13.0M$13.0M$12.0M$11.0M$11.0M$11.0M
Profit Before Tax$3.0M$-7.0M$1.0M$-3.0M$-3.0M$-2.0M$-10.0M$4.0M$0$0$0$0
Tax$19.4M$19.7M$53.0M$19.8M$37.8M$-14.7M$11.1M$7.5M$649.3M$20.9M$101.9M$5.2M
Net Profit$3.0M$-6.0M$0$-2.0M$-2.0M$-3.0M$-9.0M$4.0M$1.0M$0$0$0
EPS$0.28$-0.62$0.04$-0.25$-0.23$-0.32$-1.03$0.42$0.09$0.04$0.00$0.03

Over the 10 years reported for First Northwest Bancorp, borrowings increased from $77.0M in 2016 to $325.0M in 2025, cash stood at $85.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 0.06 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$1.1B$1.2B$1.3B$1.3B$1.7B$1.9B$2.0B$2.2B$2.2B$2.1B
Current Assets$262.0M$41.0M$299.0M$377.0M$447.0M$496.0M$407.0M$427.0M$421.0M$97.0M
Cash$24.0M$27.0M$26.0M$49.0M$65.0M$126.0M$46.0M$123.0M$72.0M$85.0M
Inventory$0$0$0$0$0$0$0$0$0$0
Receivables$3.0M$0$4.0M$4.0M$7.0M$5.0M$7.0M$8.0M$8.0M$6.0M
Fixed Assets$13.0M$14.0M$15.0M$14.0M$15.0M$20.0M$18.0M$24.0M$27.0M$24.0M
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$1.0B$31.0M$1.2B$1.2B$1.5B$1.7B$1.9B$2.0B$2.0B$1.9B
Other Assets$0$0$0$0$0$1.0M$1.0M$1.0M$1.0M$1.0M
Total Liabilities$910.0M$1.0B$1.1B$1.1B$1.5B$1.7B$1.9B$2.0B$2.1B$2.0B
Current Liabilities$831.0M$354.0M$1.0B$1.1B$1.4B$1.6B$1.8B$1.9B$1.8B$1.7B
Borrowings$77.0M$144.0M$137.0M$113.0M$110.0M$119.0M$285.0M$327.0M$354.0M$325.0M
Other Liabilities$833.0M$895.0M$950.0M$1.0B$1.4B$1.6B$1.6B$1.7B$1.7B$1.6B
Equity$0$0$0$0$0$0$0$0$0$0
Reserves$178.0M$177.0M$172.0M$177.0M$186.0M$191.0M$162.0M$163.0M$154.0M$157.0M

For First Northwest Bancorp, operating cash flow was positive in 9 of 10 reported years; free cash flow in the latest year was negative at $3.0M; free cash flow was positive in 8 of 10 years; financing activities used $89.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$1.0M$5.0M$13.0M$14.0M$13.0M$15.0M$16.0M$18.0M$17.0M$-3.0M
Investing Cash Flow$-81.0M$-119.0M$-64.0M$-20.0M$-318.0M$-143.0M$-241.0M$-86.0M$-87.0M$133.0M
Financing Cash Flow$84.0M$59.0M$45.0M$53.0M$324.0M$176.0M$-22.0M$111.0M$7.0M$-89.0M
Net Cash Flow$2.0M$2.0M$-10.0M$22.0M$16.0M$61.0M$-80.0M$78.0M$-51.0M$0
Free Cash Flow$0$4.0M$10.0M$14.0M$11.0M$9.0M$13.0M$16.0M$17.0M$-3.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.93
EV / EBITDA—
FCF Yield—
Quick Ratio—
Interest Coverage—
Return 1Y43.12%
Return 3Y0.69%
Return 5Y-32.13%

First Northwest Bancorp (FNWB) financials — frequently asked questions

What is First Northwest Bancorp's annual revenue?

First Northwest Bancorp (FNWB) reported annual revenue of $107.0M in its most recent fiscal year.

What is First Northwest Bancorp's net profit?

First Northwest Bancorp (FNWB) reported a net loss of $4.0M in its most recent fiscal year.

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