First Northwest Bancorp (FNWB)

Over the past six months, First Northwest Bancorp's stock price has increased by 10.4%. Key events include the Q4 2025 earnings report with a net income increase but rising nonperforming loans and a branch closure, and the Q1 2026 earnings report showing a swing to near breakeven with increased net interest income and customer deposits. Analyst ratings on May 4, 2026, led to a downgrade from "hold" to "sell" by Wall Street Zen, and Weiss Ratings reissued a "sell (d-)" rating. On April 8, 2026, First Fed Bank appointed Jennifer Gribble as Chief People Officer.

Specific details on demand seasonality are not provided; however, demand for First Northwest Bancorp's services generally aligns with economic cycles and local market conditions in Western Washington. Factors like interest rates, real estate activity, and local business investment likely influence demand.

First Northwest Bancorp is a financial holding company operating through its subsidiary, First Fed Bank, a community-oriented financial institution established in 1923. The company engages in traditional banking activities, including deposit-taking and lending, offering deposit instruments like checking and savings accounts, and lending services such as mortgage, commercial real estate, and consumer loans. It also has non-banking financial activities, including a stake in The Meriwether Group, LLC, and partnerships for digital payments and marketplace lending.

First Northwest Bancorp primarily serves communities in Western Washington State through its First Fed Bank subsidiary. It operates 16 to 18 locations, including full-service branches, business centers, and administration centers, across Clallam, Jefferson, King, Kitsap, Snohomish, and Whatcom counties in Washington.

First Northwest Bancorp's reputation has been impacted by a lawsuit filed against its subsidiary, First Fed Bank, on June 10, 2025, by 3|5|2 Capital GP LLC. The lawsuit alleges the bank's complicity in a fraudulent scheme involving Water Station Management, LLC, seeking at least $106,925,000 in compensatory damages. First Northwest Bancorp and First Fed Bank deny the allegations and plan to defend against the lawsuit.

First Northwest Bancorp has a diverse ownership structure, including 36 institutional owners and shareholders holding 4,177,163 shares. Major institutional owners include Fourthstone LLC, Fmr Llc, and Vanguard Group Inc. Individual insiders own 7.16% of the company, Employee Share Schemes hold 9.58%, and Hedge Funds hold 10.1%. The general public owns 34.7%. Curt Queyrouze, an individual insider, bought 4,770 shares on February 26, 2026.