---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-023448"
form_type: "8-K"
ticker: "FNWB"
cik: "0001556727"
company_name: "First Northwest Bancorp"
filed_at: "2024-07-25T23:59:59+00:00"
generated_at: "2026-05-31T16:17:04.654934+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# FNWB Q2 net income $1.4M, EPS $0.16; credit provision spikes on two borrowing relationships; dividend $0.07

## Summary
- Net income $1.4M (EPS $0.16) vs $1.8M ($0.20) in Q2 2023; pre-provision net interest income fell to $14.3M from $16.0M.
- Provision for credit losses increased substantially due to two borrowing relationships placed in receivership; nonperforming assets to total assets rose to 1.36% from 0.12% a year ago.
- Board declared $0.07 per share quarterly dividend, payable Aug 23, 2024 to holders of record Aug 9.
- Balance sheet restructure completed including sale-leaseback of six branches, securities loss sales, and balance sheet hedges; CEO cites NIM inflection point after five quarters of decline.

## SEC filing metadata
- accession: 0001437749-24-023448
- form_type: 8-K
- ticker: FNWB
- cik: 0001556727
- company_name: First Northwest Bancorp
- filed_at: 2024-07-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1556727/000143774924023448/0001437749-24-023448-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1556727/000143774924023448/fnwb20240522_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-023448
- JSON: https://secwatch.observer/filing/0001437749-24-023448.json
- Plain text: https://secwatch.observer/filing/0001437749-24-023448.txt

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