earnings
confidence high
sentiment negative
materiality 0.65
First Northwest Bancorp Q4 net loss $2.8M, EPS -$0.32 on $3.8M credit provision
First Northwest Bancorp
2024-FY EPS reported
-$0.75
- Net loss of $2.8M in Q4 2024 vs. loss of $2.0M in Q3 2024 and $5.5M in Q4 2023.
- Basic and diluted EPS of -$0.32; adjusted pre-tax PPNR of $1.2M.
- Provision for credit losses on loans was $3.8M, driven by charge-offs of six commercial business loans.
- Board declared $0.07 per share quarterly dividend, payable Feb 28, 2025 to holders of record Feb 14.
- Highlights: FDIC consent order terminated, BOLI reinvested into higher-yielding policies, hedge added $1.1M interest income in 2024.