First Northwest Bancorp ( (FNWB) ) has provided an announcement.
On January 29, 2025, First Northwest Bancorp reported a net loss of $2.8 million for Q4 2024, a slight increase from the previous quarter but an improvement from the same period in 2023. The company also declared a $0.07 per share quarterly cash dividend, payable in February 2025, reflecting a strategic focus on maintaining shareholder value despite challenges. The report highlighted improvements in pre-provision net revenue, asset quality, and liquidity, alongside a continued restructuring of the balance sheet to reduce interest rate risk and enhance earnings. Additionally, the company completed significant investments and restructured its bank-owned life insurance policies to yield better returns, indicating a proactive approach to financial management amidst elevated credit costs.
More about First Northwest Bancorp
First Northwest Bancorp operates in the financial services industry, focusing primarily on banking services through its subsidiary First Fed Bank. It caters to both commercial and retail customers, with a market emphasis on enhancing customer relationships and maintaining a strong capital position.
YTD Price Performance: 3.83%
Average Trading Volume: 18,674
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $100.1M
For detailed information about FNWB stock, go to TipRanks’ Stock Analysis page.