First Northwest Bancorp reports Q4 EPS (62c) vs 66c last year

Reports book value per share $16.99. Total assets of $2.202B. “2023 was the most challenging year for many banks since the great recession,” said Matthew Deines, President and CEO. “That was certainly the case for First Northwest Bancorp and First Fed Bank. In spite of our challenges, we celebrated our 100th anniversary in 2023, and we continue to celebrate our customers, employees and communities as we enter our second century. While we posted an operating loss in the 4th quarter, largely due to a restructure of our bond portfolio, changes to market rates led to an increase in tangible book value per share compared to September 2023 and December 2022. We look forward to a challenging and prosperous 2024 as we remain focused on our customers and their financial needs.”