earnings
confidence high
sentiment positive
materiality 0.65
First Northwest Bancorp Q3 net income $4.3M vs $2.5M Q2; NIM expands to 3.88%
First Northwest Bancorp
2022-Q3 EPS reported
$1.04
- Net income $4.3M, diluted EPS $0.47; up from $2.5M ($0.27) in Q2 2022.
- Net interest margin improved to 3.88% from 3.77% Q2; net interest income rose 5.5% sequentially.
- Gross loans $1.53B, up 4.1% QoQ; total assets $2.09B, up 2.9% from Q2.
- Quarterly cash dividend of $0.07 per share declared, payable Nov 25 to holders of record Nov 10.
- CEO cited ~5% headcount reduction and lower Quin Ventures costs to drive efficiency ratio improvement.