First Northwest Bancorp posts Q4 2023 net loss of $5.5M; dividend maintained at $0.07

First Northwest Bancorp

2023-FY EPS reported $0.26

Net loss of $5.5M ($0.62 per diluted share) vs net income of $2.5M in Q3 2023 and $6.1M in Q4 2022.
Total revenue net of interest expense fell to $11.3M from $22.3M in Q4 2022; bond portfolio restructure cited.
Nonperforming assets to total assets jumped to 0.85% from 0.11% in Q3 2023.
Tangible book value per share rose to $16.83 from $16.03 in Q3 2023 and $16.13 in Q4 2022.
Quarterly dividend of $0.07 per share declared, payable Feb 23, 2024 to holders of record Feb 9.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

First Northwest Bancorp reported the quarter ended December 31, 2023 results: net income $(5.5) million, EPS $(0.62) per diluted share.

Period: the quarter ended December 31, 2023
Net income: $(5.5) million
EPS: $(0.62) per diluted share
Result: reported results

Exact text from the filing

On January 25, 2024, First Northwest Bancorp issued an earnings release for the quarter ended December 31, 2023.

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

First Northwest Bancorp filing history →

Source: SEC EDGAR

accession 0001437749-24-002150

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