secwatch.observer — SEC 8-K summary
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Issuer:     First Northwest Bancorp (FNWB)
CIK:        0001556727
Form:       8-K
Filed at:   2026-04-29T23:59:59+00:00
Accession:  0001437749-26-013774
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1556727/000143774926013774/0001437749-26-013774-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1556727/000143774926013774/fnwb20260407_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-013774

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer