earnings
confidence high
sentiment negative
materiality 0.75
First Northwest Bancorp Q3 net income $2.5M ($0.28 EPS), down 42% YoY; declares $0.07 dividend
First Northwest Bancorp
2023-Q3 EPS reported
$0.87
- Net income $2.5M ($0.28 diluted EPS) vs $4.3M ($0.47) in Q3 2022, down 42%.
- Revenue (net interest income + noninterest income) $17.9M vs $20.5M YoY; net interest margin 2.97% vs 3.88%.
- Noninterest expense $14.4M, efficiency ratio improved to 80.52% from 86.01% QoQ but up from 74.86% YoY.
- Quarterly cash dividend of $0.07 per share declared, payable Nov 24 to record Nov 10.
- Asset quality stable: nonperforming assets to total assets 0.11%, allowance to loans 1.04%.