FNWB earnings analysis
What we found in FNWB's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- 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.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- 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.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.0
- Gross margin
- 57.6%
- Operating margin
- -33.2%
What they said about what is next.
Management retains a focus on improving profitability in the second half of 2026, expecting gradual recovery.
The filing reads worse than the one before it.
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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