First Northwest Bancorp Reports Third Quarter 2026 Financial Results
Key Highlights
- ➤Q3 net loss $743,000 versus $308,000 income in Q2 and $802,000 income year-over-year
- ➤Customer deposits increased $27.0 million to $1.63 billion during the quarter
- ➤Net interest margin rose to 2.96% from 2.95% in Q2 and 2.91% year-over-year
- ➤Nonperforming loans declined $842,000 to $19.9 million; allowance coverage improved to 82%
- ➤Net loans fell 1.2% to $1.58 billion, while securities increased 8.1% to $310.2 million
Expert Statements
Curt Queyrouze, President and Chief Executive Officer of First Northwest Bancorp
“We are encouraged by the continued momentum in our core banking franchise during the third quarter, including stable net interest income, modest net interest margin expansion and growth in customer deposits.”
Curt Queyrouze, President and Chief Executive Officer of First Northwest Bancorp
“These results reflect the progress we are making to enhance our funding mix and strengthen the balance sheet.”
Curt Queyrouze, President and Chief Executive Officer of First Northwest Bancorp
“Although reported results were affected by a higher provision for credit losses and the settlement of a previously disclosed legal matter, nonperforming loans declined and allowance coverage improved.”
Curt Queyrouze, President and Chief Executive Officer of First Northwest Bancorp
“With a stable capital position and several strategic and operational initiatives underway, we believe we are building a stronger foundation for improved profitability and long-term shareholder value.”
PORT ANGELES, Wash., Oct. 29, 2026 (GLOBE NEWSWIRE) -- First Northwest Bancorp (Nasdaq: FNWB) ("First Northwest" or the "Company"), the holding company for First Fed Bank ("First Fed" or the "Bank"), today reported its financial results for the third quarter and nine months ended September 30, 2026. The Company reported a net loss of $743,000 for the third quarter of 2026, compared to net income of $308,000 for the second quarter of 2026 and net income of $802,000 for the third quarter of 2025. Basic and diluted loss per share were $0.08 for the third quarter of 2026, compared to basic and diluted income per share of $0.03 for the second quarter of 2026 and basic and diluted income per share of $0.09 for the third quarter of 2025.
Management Outlook; President and Chief Executive Officer, Curt Queyrouze:
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