---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-013774"
form_type: "8-K"
ticker: "FNWB"
cik: "0001556727"
company_name: "First Northwest Bancorp"
filed_at: "2026-04-29T23:59:59+00:00"
generated_at: "2026-05-15T01:54:23.094246+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# FNWB Q1 2026 net income $6,000 ($0.00 EPS); near-zero profit despite NIM expansion

## Summary
- Q1 2026 net income of $6,000 ($0.00 EPS) vs Q4 2025 net income $382,000 ($0.04 EPS); Q1 2025 net loss $9.0M.
- Net interest margin expanded for sixth consecutive quarter to 3.03% vs 3.00% in Q4 2025; cost of deposits fell to 2.04%.
- Customer deposits rose $24.9M to $1.54B; brokered deposits decreased $22.4M to $64.1M.
- Bank continues to defend legal proceedings; updates on Socotra REIT matter and motion to dismiss counterclaims.
- CEO expects transformation-driven improvement in second half of 2026 and stronger performance in 2027.

## SEC filing metadata
- accession: 0001437749-26-013774
- form_type: 8-K
- ticker: FNWB
- cik: 0001556727
- company_name: First Northwest Bancorp
- filed_at: 2026-04-29T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1556727/000143774926013774/0001437749-26-013774-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1556727/000143774926013774/fnwb20260407_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-013774
- JSON: https://secwatch.observer/filing/0001437749-26-013774.json
- Plain text: https://secwatch.observer/filing/0001437749-26-013774.txt

## Key facts
- Earnings Releases
  First Northwest Bancorp reported the quarter ended March 31, 2026 results: net income net income of $6,000, EPS $0.00.
  - Period: the quarter ended March 31, 2026
  - Net income: net income of $6,000
  - EPS: $0.00
  - Result: reported results
  source text: First Northwest Bancorp (Nasdaq: FNWB) ("First Northwest" or the "Company"), the holding company for First Fed Bank ("First Fed" or the "Bank"), today reported net income of $6,000 for the first quarter of 2026 , compared to net income of $382,000 for the fourth quarter of 2025 and a net loss of $9.0 million for the first quarter of 2025 . Basic and diluted
  evidence_url: https://www.sec.gov/Archives/edgar/data/1556727/000143774926013774/0001437749-26-013774-index.htm

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