First Northwest Bancorp

First Northwest Bancorp (Washington) is a bank holding company. It engages in the provision of commercial, mortgage, and lending activities and investment. Its offerings include saving account, certificate of deposits, money market, credit card, fixed rate loans, mortgages, mutual funds, insurances and education savings account. The company was founded on August 14, 2012 and is headquartered in Port Angeles, WA.

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First Northwest Bancorp is a bank holding company which engages in the provision of commercial, mortgage, and lending activities and investment. Its offerings include saving accounts, certificate of deposits, money market, credit cards, fixed rate loans, mortgages, mutual funds, insurances and education savings accounts. The company was founded in 1923 and is headquartered in Port Angeles, WA.

PORT ANGELES, Wash., April 29, 2022 (GLOBE NEWSWIRE) -- First Northwest Bancorp (Nasdaq: FNWB)

First Northwest Bancorp First Quarter 2022 Financial Results

PORT ANGELES, Wash., April 13, 2022 (GLOBE NEWSWIRE) -- First Fed Bank, subsidiary of First Northwest Bancorp (NASDAQ: FNWB) (“Company”), today announced that Christopher “Chris” Neros has joined the executive team as Executive Vice President and Chief Lending Officer.

Christopher “Chris” Neros Joins First Fed as Executive Vice President and Chief Lending Officer

PORTLAND, Ore.--(BUSINESS WIRE)--Meriwether Group Capital launched, will lend to primarily Pacific Northwest-based companies in need of $500K to $5 million.

Meriwether Group Capital Launched to Support Pacific Northwest Entrepreneurs

First Northwest Bancorp (FNWB) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.

First Northwest Bancorp (FNWB) is on the Move, Here's Why the Trend Could be Sustainable

PORT ANGELES, Wash., March 07, 2022 (GLOBE NEWSWIRE) -- First Fed Bank, subsidiary of First Northwest Bancorp (FNWB), pledged $1 million to Northwest Maritime Center (NWMC) to expand access to maritime education. The funding will be spread evenly across 10 years.

First Fed Gives $1M to Northwest Maritime Center to Expand Access

First Northwest Bancorp (FNWB) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Can First Northwest Bancorp (FNWB) Run Higher on Rising Earnings Estimates?

First Northwest Bancorp (FNWB) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

First Northwest Bancorp (FNWB) Upgraded to Strong Buy: Here's Why

First Northwest Bancorp (FNWB) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.

Here's Why Momentum in First Northwest Bancorp (FNWB) Should Keep going

First Northwest Bancorp (FNWB) delivered earnings and revenue surprises of 107.41% and 17.79%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

First Northwest Bancorp (FNWB) Q4 Earnings and Revenues Beat Estimates

PORT ANGELES, Wash., Jan. 26, 2022 (GLOBE NEWSWIRE) -- First Northwest Bancorp (Nasdaq: FNWB)

First Northwest Bancorp Announces Record Earnings in the Fourth Quarter Of 2021

PORT ANGELES, Wash., Jan. 12, 2022 (GLOBE NEWSWIRE) -- First Northwest Bancorp (FNWB) announced a new fintech partnership with Splash Financial, a leading digital lending platform that helps borrowers easily shop and compare financial products. Through its subsidiary, First Fed Bank, FNWB will work collaboratively with Splash to develop and deploy consumer loan products and solutions throughout the country.

Fintech Partnership between FNWB and Splash Financial

PORT ANGELES, Wash., Nov. 19, 2021 (GLOBE NEWSWIRE) -- First Northwest Bancorp (NASDAQ: FNWB), releases first report following framework set by Sustainable Accounting Standards Board (SASB). The SASB Fact Sheet communicates the environmental, social, and governance (ESG) initiatives, actions, and results.

First Fed Bank Releases SASB Report

PORT ANGELES, Wash., Nov. 05, 2021 (GLOBE NEWSWIRE) -- First Northwest Bancorp (NASDAQ: FNWB), the holding company for First Fed, confirms that its subsidiary has completed a legal name change from First Federal Savings and Loan Association of Port Angeles to First Fed Bank as of October 31, 2021.

First Federal Savings and Loan Association of Port Angeles Legally Changes Name to First Fed Bank

PORT ANGELES, Wash., Oct. 27, 2021 (GLOBE NEWSWIRE) -- First Northwest Bancorp (Nasdaq: FNWB)

First Northwest Bancorp Announces Record Earnings in the Third Quarter of 2021

PORT ANGELES, Wash., July 28, 2021 (GLOBE NEWSWIRE) -- First Northwest Bancorp (Nasdaq: FNWB) (“Company”), the holding company for First Federal Savings and Loan Association of Port Angeles (“Bank” or "First Fed"), today reported net income of $3.0 million, or $0.32 per diluted share, for the second quarter of 2021, an increase of 51.6% compared to $2.0 million, or $0.21 per diluted share, for the second quarter a year ago, and a decrease of 4.0% compared to $3.1 million, or $0.34 per diluted share, for the first quarter of 2021. Second quarter results reflect strong year-over-year revenue generation, solid core deposit and loan growth, and excellent credit quality. The decrease from the prior period was primarily due to lower gains on sale of one- to four-family mortgages and increased compensation expense, partially offset by increased net interest income and a lower provision for loan losses. For the first six months of 2021, net income was $6.1 million, or $0.66 per diluted share, an increase of 114.7% compared to $2.8 million, or $0.30 per diluted share, for the first six months of 2020.

First Northwest Bancorp Earns $3.0 Million, or $0.32 Per Diluted Share, in Second Quarter 2021; Highlighted by Strong Deposit and Loan Growth; Declares Quarterly Cash Dividend of $0.06 Per Share

PORT ANGELES, Wash., July 28, 2021 (GLOBE NEWSWIRE) -- First Northwest Bancorp (“Company”) (NASDAQ: FNWB), the holding company for First Federal Savings and Loan Association of Port Angeles (“Bank” or “First Fed”), today announced that David Blake will be retiring from the Board of Directors effective September 28, 2021. At the same time, the Board announced the appointment of Gabriel S. (“Gabe”) Galanda to the Boards of Directors for the Company and First Fed. Mr. Blake has served on each Board since 2005.

First Northwest Bancorp Appoints Gabriel Galanda to its Board of Directors

PORT ANGELES, Wash., July 26, 2021 (GLOBE NEWSWIRE) -- First Northwest Bancorp (NASDAQ: FNWB) (the “Company”), the holding company for First Federal Savings and Loan Association of Port Angeles (“First Fed”), has completed the acquisition of a Bellevue, Washington branch from Sterling Bank and Trust of Southfield, Michigan (“SBT”).

First Northwest Bancorp Completes Purchase of Bellevue Branch

PORT ANGELES, Wash., April 28, 2021 (GLOBE NEWSWIRE) -- First Northwest Bancorp (Nasdaq: FNWB) (“Company”), the holding company for First Federal Savings and Loan Association of Port Angeles (“Bank” or "First Fed"), today reported that net income increased 257.6% to $3.1 million, or $0.34 per diluted share, for the first quarter of 2021, compared to $873,000, or $0.09 per diluted share, for the first quarter a year ago, and decreased compared to net income of $3.8 million, or $0.41 per diluted share, for the fourth quarter of 2020. First quarter results reflected strong year-over-year revenue growth, core deposit growth and net interest margin expansion. The decrease from the prior period was primarily due to lower gains on sale of one-to-four family mortgages and available for sale investments, partially offset by increased net interest income and a lower provision for loan losses. The Company also announced that its Board of Directors declared a regular quarterly cash dividend of $0.06 per common share outstanding, payable on May 28, 2021 to shareholders of record as of the close of business on May 14, 2021.

First Northwest Bancorp Earns $3.1 Million, or $0.34 Per Diluted Share, in First Quarter 2021; Highlighted by Net Interest Margin Expansion and Strong Asset Quality; Declares Quarterly Cash Dividend of $0.06 Per Share

PORT ANGELES, Wash., March 25, 2021 (GLOBE NEWSWIRE) -- First Northwest Bancorp (the “Company”) (NASDAQ: FNWB), parent company of First Federal Savings and Loan Association of Port Angeles (the “Bank”), today announced the completion of its private placement with registration rights of $40.0 million in ten year fixed-to-floating rate subordinated notes due 2031 (the “Notes”) to certain qualified institutional buyers and institutional accredited investors. The Notes bear a fixed interest rate of 3.75% per annum, from and including the closing date to but excluding March 30, 2026, payable semi-annually in arrears. From and including March 30, 2026, to but excluding the maturity date or early redemption date, the interest rate shall reset quarterly to an interest rate per annum equal to the then current three-month SOFR (provided, however, that in the event three-month SOFR is less than zero, three-month SOFR shall be deemed to be zero) plus 300 basis points. The Company is entitled to redeem the Notes, in whole or in part, on any interest payment date on or after March 30, 2026, or at any time, in whole but not in part, upon certain other specified events prior to the Notes' maturity on March 30, 2031.

First Northwest Bancorp Completes Private Placement of $40.0 Million of Subordinated Notes

PORT ANGELES, Wash., March 22, 2021 (GLOBE NEWSWIRE) -- First Northwest Bancorp (NASDAQ: FNWB) (the “Company”), the holding company for First Federal Savings and Loan Association of Port Angeles (“First Fed”), today announced that First Fed has entered into an agreement with Sterling Bank and Trust of Southfield, Michigan (“SBT”) to purchase its Bellevue, Washington branch, subject to applicable regulatory approvals and other customary closing conditions. The agreement includes the purchase of approximately $77.7 million in deposits as of the announcement date and all of SBT's furniture, fixtures, and equipment at this location, as well as assumption of SBT's leasehold obligations relating to the branch. The parties expect to close the transaction by the end of the second quarter of 2021 pending the standard regulatory approval process.

First Northwest Bancorp Announces Purchase of Bellevue, WA Branch

NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) assigns a senior unsecured debt rating of BBB, a subordinated debt rating of BBB-, and a short-term debt rating of K3 for Port Angeles, Washington-based First Northwest Bancorp (NASDAQ: FNWB) (“the company”). In addition, KBRA assigns deposit and senior unsecured debt ratings of BBB+, a subordinated debt rating of BBB, and short-term deposit and debt ratings of K2 for the subsidiary bank, First Federal Savings and Loan Association of Po

KBRA Assigns Ratings to First Northwest Bancorp

First Northwest Bancorp saw its IBD SmartSelect Composite Rating jump to 96 Friday, up from 94 the day before. The post First Northwest Bancorp Sees Composite Rating Improve To 96 appeared first on Investor's Business Daily.

First Northwest Bancorp Sees Composite Rating Improve To 96

PORT ANGELES, Wash., Jan. 04, 2021 (GLOBE NEWSWIRE) -- First Northwest Bancorp (NASDAQ: FNWB) (“Company”), the holding company for First Federal Savings and Loan Association of Port Angeles (“First Federal”), today announced that Jennifer Bolton has joined First Federal's management team as Senior Vice President, Sr. Director – Digital Marketing.

Jennifer Bolton Joins First Northwest Bancorp as SVP, SR. Director - Digital Marketing

The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Insider Monkey finished processing 817 13F filings submitted by hedge funds and prominent investors. These filings show these funds' portfolio positions as of September 30th, 2020. In this article we are going to take a look at smart money sentiment towards First Northwest Bancorp (NASDAQ:FNWB).

Where Do Hedge Funds Stand On First Northwest Bancorp (FNWB)?

PORT ANGELES, Wash., Oct. 28, 2020 (GLOBE NEWSWIRE) -- First Northwest Bancorp (Nasdaq: FNWB) (“Company”), the holding company for First Federal Savings and Loan Association of Port Angeles (“Bank” or "First Federal"), today reported an increase in net income of 86.0% to $3.7 million, or $0.40 per diluted share, for the third quarter of 2020, compared to net income of $2.0 million, or $0.21 per diluted share, for the second quarter of 2020, and an increase of 46.4% compared to $2.5 million, or $0.25 per diluted share, for the third quarter of 2019. Third quarter results reflected strong loan and deposit growth, net interest margin expansion and improved efficiency. For the first nine months of 2020, net income was $6.5 million, or $0.69 per diluted share, compared to $6.8 million, or $0.68 per diluted share, for the first nine months of 2019. 

First Northwest Bancorp Earns $3.7 Million, or $0.40 Per Diluted Share, in Third Quarter 2020; Net Interest Margin Expansion and Improved Efficiency Ratio Generate Record Earnings; Announces Share Repurchase Plan for 10% of Outstanding Shares

News for First Northwest Bancorp Stock (FNWB)