---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-029122"
form_type: "8-K"
ticker: "FNWB"
cik: "0001556727"
company_name: "First Northwest Bancorp"
filed_at: "2023-10-26T23:59:59+00:00"
generated_at: "2026-06-09T08:32:03.727963+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# First Northwest Bancorp Q3 net income $2.5M ($0.28 EPS), down 42% YoY; declares $0.07 dividend

## Summary
- 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%.

## SEC filing metadata
- accession: 0001437749-23-029122
- form_type: 8-K
- ticker: FNWB
- cik: 0001556727
- company_name: First Northwest Bancorp
- filed_at: 2023-10-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1556727/000143774923029122/0001437749-23-029122-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1556727/000143774923029122/fnwb20230831_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-029122
- JSON: https://secwatch.observer/filing/0001437749-23-029122.json
- Plain text: https://secwatch.observer/filing/0001437749-23-029122.txt

## Key facts
- Earnings Releases
  First Northwest Bancorp reported the quarter ended September 30, 2023 results: net income $2.5, EPS $0.28.
  - Period: the quarter ended September 30, 2023
  - Net income: $2.5
  - EPS: $0.28
  - Result: reported results
  source text: First Northwest Bancorp issued an earnings release for the quarter ended September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1556727/000143774923029122/0001437749-23-029122-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.