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Earnings analysis · 10-Q

FNWB earnings analysis

Filed May 7, 2026 · Our reading of the company's report

The latest report

First Northwest Bancorp reported Q1 2026 revenue of $16.448 million, decreasing by 47.4% compared to Q4 2025 and falling short of estimates. The company reported an EPS of $0.00, missing the expected $0.03 by a…

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First Northwest Bancorp reported Q1 2026 revenue of $16.448 million, decreasing by 47.4% compared to Q4 2025 and falling short of estimates. The company reported an EPS of $0.00, missing the expected $0.03 by a considerable margin, reflecting ongoing operational challenges despite a prior focus on improvements.

Read the original on SEC.gov

From revenue to operating profit

Where each $100 of revenue went in this report.

Of every $100 of revenue Cost of sales $42 Operating expenses $91 Left as operating profit $-33

Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.

Reported figures

Earnings per share
$0.0

What stood out

  • Significant Revenue Decline

    Total revenue decreased to $16.448 million, down 47.4% from $31 million in Q1 2025.

  • EPS Misses Expectations

    Reported EPS of $0.00 compared to an estimated $0.03, indicating continued profitability challenges.

  • Operating Margin Turnaround

    Operating margin improved to -33.2% in Q1 2025 from -10.6% in Q4 2025.

  • Continued Focus on Operational Improvement

    Management highlights focus on operational improvement strategies despite current financial challenges.

  • Free Cash Flow Improvement

    Free cash flow improved from -$22 million in Q1 2025 to approximately $3 million in Q4 2025.

  • High Gross Margin

    Gross margin stood at 57.6%, indicating solid cost management amidst declining revenues.

What to watch

  • Continued Losses

    The company has reported net losses, with an EPS of 0.00 compared to a loss of -0.23 a year prior.

  • Deteriorating Revenue Trends

    Q1 2026 revenue of $16.448 million represents a significant drop from $31 million in Q1 2025.

  • Uncertain Economic Environment

    Ongoing economic challenges and inflationary pressures could further affect financial performance.

Management's outlook

Management retains a focus on improving profitability in the second half of 2026, expecting gradual recovery.

This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.