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First Northwest Bancorp
(NASDAQ:FNWB)
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Rating:46Neutral
Price Target:
$10.00
▼(-9.42% Downside)
Action:Reiterated
Date:10/29/26
FNWB scores low primarily due to unstable multi-year profitability, thin current margins, elevated leverage, and cash-flow volatility. Technicals are mixed and only modestly supportive, while valuation is a headwind given the very high P/E and lack of dividend yield support.
Positive Factors
Deposit Franchise
Deposit growth alongside lower reliance on brokered funding indicates progress toward a more stable and potentially lower-risk funding mix. Stable net interest income and modest margin expansion further support the durability of the core banking franchise over the next several quarters.
Negative Factors
Earnings Volatility
The return to a quarterly loss shows that the bank’s earnings recovery remains fragile. Higher credit provisions and the legal settlement overwhelmed otherwise stable core banking metrics, making near-term profitability less predictable and limiting confidence in sustainable earnings power.
Read all positive and negative factors
Positive Factors
Negative Factors
Deposit Franchise
Deposit growth alongside lower reliance on brokered funding indicates progress toward a more stable and potentially lower-risk funding mix. Stable net interest income and modest margin expansion further support the durability of the core banking franchise over the next several quarters.
Read all positive factors
First Northwest Bancorp (FNWB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$98.06M
Dividend Yield2.84%
Average Volume (3M)32.76K
Price to Earnings (P/E)―
Beta (1Y)0.14
Revenue Growth-6.23%
EPS Growth99.73%
CountryUS
Employees242
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.16
Shares Outstanding9,511,615
10 Day Avg. Volume26,461
30 Day Avg. Volume32,761
Financial Highlights & Ratios
PEG Ratio0.54
Price to Book (P/B)0.57
Price to Sales (P/S)0.84
P/FCF Ratio-32.48
Enterprise Value/Market Cap4.07
Enterprise Value/Revenue3.91
Enterprise Value/Gross Profit6.97
Enterprise Value/Ebitda311.57
Forecast
1Y Price Target
$15.00Price Target Upside35.87% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.08
Revenue Forecast (FY)$65.85M
First Northwest Bancorp Business Overview & Revenue Model
Company Description
First Northwest Bancorp serves as the parent company for First Fed Bank, a financial institution that delivers a broad spectrum of commercial and consumer banking services. These services are provided to individuals, businesses, and nonprofit orga...
How the Company Makes Money
FNWB makes money primarily through its banking subsidiary by earning interest income and fee-based (noninterest) income.
1) Net interest income (core driver): The bank gathers funds mainly through customer deposits (e.g., checking, savings, and c...
First Northwest Bancorp Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
46
Neutral
Cash Flow
52
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 102.09M | 107.19M | 117.03M | 104.92M | 90.70M | 79.31M |
| Gross Profit | 57.19M | 50.67M | 44.52M | 64.13M | 78.66M | 72.59M |
| EBITDA | 1.28M | -4.60M | -6.14M | 4.29M | 18.40M | 19.72M |
| Net Income | 1.50M | -4.19M | -6.61M | 2.29M | 15.64M | 15.42M |
Balance Sheet | ||||||
| Total Assets | 2.12B | 2.11B | 2.23B | 2.20B | 2.04B | 1.92B |
| Cash, Cash Equivalents and Short-Term Investments | 301.68M | 90.68M | 412.79M | 418.79M | 372.17M | 470.23M |
| Total Debt | 329.22M | 324.58M | 353.55M | 327.36M | 285.36M | 119.28M |
| Total Liabilities | 1.97B | 1.95B | 2.08B | 2.04B | 1.88B | 1.73B |
| Stockholders Equity | 158.31M | 157.26M | 153.88M | 163.34M | 161.57M | 190.96M |
Cash Flow | ||||||
| Free Cash Flow | 16.09M | -2.76M | 16.88M | 16.30M | 12.99M | 9.14M |
| Operating Cash Flow | 17.39M | -2.76M | 16.88M | 17.88M | 15.90M | 15.15M |
| Investing Cash Flow | 71.24M | 133.35M | -87.07M | -84.19M | -237.65M | -136.86M |
| Financing Cash Flow | -78.14M | -117.62M | 19.47M | 143.89M | 141.32M | 182.57M |
First Northwest Bancorp Technical Analysis
Positive
11.04
Price Trends
10.26
Positive
10.71
Negative
10.23
Positive
Market Momentum
-0.05
Negative
62.00
Neutral
76.93
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 11.04 is above the 20-day moving average (MA) of 9.77, above the 50-day MA of 10.26, and above the 200-day MA of 10.23, indicating a bullish trend. The MACD of -0.05 indicates Negative momentum. The RSI at 62.00 is Neutral, neither overbought nor oversold. The STOCH value of 76.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FNWB.
First Northwest Bancorp Risk Analysis
First Northwest Bancorp disclosed 33 risk factors in its most recent earnings report. First Northwest Bancorp reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
First Northwest Bancorp Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $107.54M | 9.36 | 14.30% | 1.69% | 6.20% | 60.60% | |
69 Neutral | $91.43M | 12.04 | 7.58% | 1.69% | 3.80% | 43.33% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
63 Neutral | $83.75M | 10.28 | 11.53% | 6.50% | 6.21% | 8.32% | |
53 Neutral | $79.77M | 196.33 | 0.33% | 3.97% | -7.24% | ― | |
51 Neutral | $106.52M | -4.24 | -7.74% | 3.21% | 10.60% | -935.88% | |
46 Neutral | $98.06M | -1,108.60 | -0.03% | 2.84% | -6.23% | 99.73% |
* Financial Sector Average
FNWB
First Northwest Bancorp
10.31
0.97
10.39%
BOTJ
Bank Of The Jame Financial
23.67
7.73
48.49%
BYFC
Broadway Financial
11.48
4.90
74.47%
SSBI
Summit State Bank
11.78
1.01
9.38%
UBCP
United Bancorp
14.60
2.29
18.59%
FUSB
First US Bancshares
16.61
3.79
29.51%
First Northwest Bancorp Corporate Events
Business Operations and StrategyFinancial DisclosuresLegal Proceedings
First Northwest Bancorp Posts Q3 Loss Amid Credit Costs
Negative
Oct 29, 2026
On October 29, 2026, First Northwest Bancorp reported third-quarter 2026 results showing a net loss of $743,000, reversing net income of $308,000 in the prior quarter and $802,000 a year earlier, with loss per share of $0.08 and year-to-date 2026 ...
Legal Proceedings
First Northwest Bancorp Settles Legal Dispute with Socotra
Negative
Sep 18, 2026
First Northwest Bancorp, the parent of First Fed Bank, resolved a legal dispute stemming from an October 17, 2025 complaint filed by Socotra REIT I, LLC in Washington State court over a commercial loan involving Ideal Property Investments LLC. Soc...
Business Operations and StrategyFinancial Disclosures
First Northwest Bancorp Reports Mixed Q2 2026 Results
Negative
Jul 29, 2026
On July 29, 2026, First Northwest Bancorp reported second-quarter 2026 net income of $308,000, up from $6,000 in the first quarter but sharply lower than $3.7 million a year earlier, with earnings of $0.03 per share versus $0.42 in the prior-year ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.