earnings
confidence high
sentiment negative
materiality 0.75
First Northwest Bancorp reports Q1 net loss $9.0M, $1.03 loss per share, $7.8M provision, $5.8M legal reserve
First Northwest Bancorp
2025-Q1 EPS reported
-$1.03
- Net loss of $9.0M ($1.03 per share) vs net income of $396K ($0.04) in Q1 2024.
- Recorded $7.8M provision for credit losses, primarily due to $7.7M charge-offs on two commercial real estate loans.
- Recorded a $5.8M legal reserve in other expense related to a legal matter (see quarterly report).
- Core customer deposits grew $23.0M; brokered deposits decreased $45.0M.
- Quarterly dividend of $0.07 per share, payable May 23, 2025.