secwatch.observer — SEC 8-K summary
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Issuer:     First Northwest Bancorp (FNWB)
CIK:        0001556727
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0001437749-23-029122
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1556727/000143774923029122/0001437749-23-029122-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1556727/000143774923029122/fnwb20230831_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-029122

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer