First Northwest Bancorp — Form 8-K
Filed October 29, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 42/100
What the filing says
First Northwest Bancorp reported a Q3 2026 net loss of $743,000 (vs. $308K income in Q2 2026 and $802K income in Q3 2025), driven primarily by a $1.3 million non-recurring legal settlement expense and a $532K provision for credit losses. Basic and diluted loss per share was $0.08. Offsetting factors: net interest income remained stable at $14.3 million, net interest margin improved to 2.96% from 2.95%, customer deposits grew $27 million, and nonperforming loans declined $842,000 to $19.9 million. Total assets: $2.143 billion; total shareholders' equity: $148.8 million.
Why this rating
One-time $1.3M legal settlement (~1.9% of market cap) pushed profitable bank to quarterly loss. Deteriorating profitability trend concerning but nonperforming loans improving. Not transformational, but material earnings headwind relative to small company size.
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