First Northwest BanCorp (OQ:FNWB)

Sector:  Financials Industry:  Banks
 
See Regulatory Filings on SEC
Company Contact
Address: 105 W 8th St
PORT ANGELES WA 98362-6031
Tel: N/A
Website: https://investor.ourfirstfed.com/corporate-overview/corporate-profile
IR: See website
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Key People
Matthew P. Deines
President, Chief Executive Officer, Director 		Geraldine L. Bullard
Chief Financial Officer, Chief Operating Officer, Executive Vice President 		Derek J. Brown
Executive Vice President, Chief Human Resources and Marketing Officer
Christopher J. Riffle
Executive Vice President, General Counsel 		Terry A. Anderson
Chief Credit Officer, Executive Vice President 		Christopher Wade Neros
Executive Vice President, Chief Lending Officer
Business Overview
First Northwest Bancorp is a bank holding company and a financial holding company. The Company is engaged in banking activities through its wholly owned subsidiary, First Fed Bank (the Bank), as well as certain non-banking financial activities. Its non-financial investments include several limited partnership investments, including a 33% interest in The Meriwether Group, LLC (MWG), a boutique investment bank focusing on providing entrepreneurs with resources to help them, including equity and debt-raising services along with strategic positioning of business, throughout the United States. First Fed Bank is a community-oriented financial institution. The Bank operates in 18 locations, including twelve full-service branches, three business centers, and three administration centers located in Clallam, Jefferson, King, Kitsap, and Whatcom counties. It is focused on delivering a full array of financial products and services for individuals, small businesses, and commercial customers.
Financial Overview
For the fiscal year ended 31 December 2023, First Northwest BanCorp interest income increased 26% to $100.9M. Net interest income after loan loss provision decreased 12% to $60.1M. Net income applicable to common stockholders decreased 85% to $2.3M. Net interest income after loan loss provision reflects Net Interest Margin - Total - % decrease of 17% to 3.13%, Net Interest Spread - Total - % decrease of 25% to 2.71%.
Employees: 270 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $126.57M as of Dec 31, 2023
Annual revenue (TTM): $100.90M as of Dec 31, 2023
EBITDA (TTM): $16.74M as of Dec 31, 2023
Net annual income (TTM): $2.27M as of Dec 31, 2023
Free cash flow (TTM): $13.60M as of Dec 31, 2023
Net Debt Last Fiscal Year: $26.09M as of Dec 31, 2023
Shares outstanding: 9,443,271 as of Mar 8, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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