What is First Northwest's earnings per share (EPS)?

First Northwest (FNWB) reported diluted earnings per share of -$0.48 for fiscal year 2025. This represents a 36.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

First Northwest Financials

FNWB

Trailing 12 months to June 30, 2026

Revenue $103.8M -5.9% YoY

Net Income $1.5M +114.7% YoY

EPS (Diluted) $0.16 +113.8% YoY

Free Cash Flow Not reported for the trailing 12 months

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 6, 2026 Currency USD FYE December

First Northwest (FNWB) reported $103.8M in revenue over the twelve months to Jun 30, 2026, down 5.9% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 13 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI FNWB FY2025 2026-05-07

Higher funding costs on a thin equity base turned a growing balance sheet from modestly profitable into loss-making and then cash-absorbing.

Between FY2022 and FY2024, net income moved from $15.6M profit to a -$6.6M loss even though revenue kept rising, while interest expense multiplied severalfold; that combination points to a funding-cost squeeze rather than weakening business volume. FY2025 showed a partial earnings repair, but cash conversion worsened: the loss narrowed to -$4.2M while operating cash flow slipped to -$2.8M, so the reported improvement did not yet become internally generated cash.

With $157.3M of equity supporting $2.1B of assets in FY2025, small changes in asset yield or deposit and borrowing costs can have an outsized effect on shareholder results. That balance-sheet shape helps explain why a business that stayed near break-even on assets still produced negative returns to equity holders.

Management appears to have shifted from expansion toward balance-sheet preservation: financing cash flow flipped to an outflow of -$117.5M in FY2025, while buybacks stopped and the dividend was cut to $0.14 per share. That pattern suggests capital is being conserved to support the funding base, not deployed for growth or distributions.

Financial Health Signals

Financial Health Score 11/100

Scored as: Banks peer group

Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of First Northwest's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Earnings

Growth

Capital

Efficiency

Credit Quality

Not available for First Northwest, and counted as zero in the overall score.

Stability

Piotroski F-Score Partial

3/6

First Northwest passes 3 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality No Cash Backing

N/A

First Northwest reported a net loss of $4.2M while operations used $2.8M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$107.0M

YoY-4.8%

5Y CAGR+260.4%

10Y CAGR+14.6%

First Northwest generated $107.0M in revenue in fiscal year 2025. This represents a decrease of 4.8% from the prior year.

Net Income

-$4.2M

YoY+36.6%

First Northwest reported -$4.2M in net income in fiscal year 2025. This represents an increase of 36.6% from the prior year.

EPS (Diluted)

-$0.48

YoY+36.0%

First Northwest earned -$0.48 per diluted share (EPS) in fiscal year 2025. This represents an increase of 36.0% from the prior year.

EBITDA

Not reported for fiscal year 2025.

Cash & Balance Sheet

Dividends Per Share

$0.14

YoY-50.0%

First Northwest paid $0.14 per share in dividends in fiscal year 2025. This represents a decrease of 50.0% from the prior year.

Shares Outstanding

YoY+1.0%

5Y CAGR-1.4%

10Y CAGR-3.2%

First Northwest had 9M shares outstanding in fiscal year 2025. This represents an increase of 1.0% from the prior year.

Free Cash Flow

Not reported for fiscal year 2025.

Cash & Debt

Not reported for fiscal year 2025.

Margins & Returns

Net Margin

-3.9%

YoY+2.0pp

10Y CAGR+14.6pp

First Northwest's net profit margin was -3.9% in fiscal year 2025, showing the share of revenue converted to profit. This is up 2.0 percentage points from the prior year.

Return on Equity

-2.7%

YoY+1.6pp

5Y CAGR-8.2pp

10Y CAGR0.0pp

First Northwest's ROE was -2.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.6 percentage points from the prior year.

Gross Margin

Not reported for fiscal year 2025.

Operating Margin

Not reported for fiscal year 2025.

Capital Allocation

Share Buybacks

YoY-100.0%

First Northwest repurchased no shares in fiscal year 2025. This represents a decrease of 100.0% from the prior year.

R&D Spending

Not reported for fiscal year 2025.

Capital Expenditures

Not reported for fiscal year 2025.

FNWB Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

FNWB quarterly income statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13
Revenue	$103.8M	$107.0M-4.8%	$112.3M+11.3%	$100.9M+25.5%	$80.4M+26.2%	$63.7M+36076.7%	$176K-23.1%	$229K-99.5%	$45.8M+24.5%	$36.8M+14.4%	$32.2M+17.0%	$27.5M+3.5%	$26.6M+3.0%	$25.8M
SG&A Expenses	$32.7M	$28.8M-11.8%	$32.7M+4.7%	$31.2M-13.2%	$35.9M+7.2%	$33.5M+36.3%	$24.6M+29.4%	$19.0M+0.3%	$18.9M+9.9%	$17.2M+18.7%	$14.5M+14.3%	$12.7M+9.4%	$11.6M+10.0%	$10.6M
Interest Expense	$46.0M	$49.7M-11.3%	$56.0M+41.9%	$39.5M+275.3%	$10.5M+95.7%	$5.4M-30.4%	$7.7M-32.5%	$11.4M+27.0%	$9.0M+74.7%	$5.2M+8.2%	$4.8M+3.9%	$4.6M-2.9%	$4.7M-21.2%	$6.0M
Income Tax	-$718K	-$1.2M-31.7%	-$944K-271.9%	$549K-80.7%	$2.8M-10.9%	$3.2M+8.1%	$3.0M+42.2%	$2.1M+31.9%	$1.6M-5.2%	$1.7M+14.1%	$1.5M+511.6%	-$354K-147.8%	$740K+75.4%	$422K
Net Income	$1.5M	-$4.2M+36.6%	-$6.6M-389.3%	$2.3M-85.4%	$15.6M+1.5%	$15.4M+49.1%	$10.3M+14.7%	$9.0M+26.9%	$7.1M+38.8%	$5.1M+28.2%	$4.0M+178.4%	-$5.1M-290.8%	$2.7M+15.1%	$2.3M
EPS (Diluted)	$0.16	-$0.48+36.0%	-$0.75-388.5%	$0.26-84.8%	$1.71+4.9%	$1.63+52.3%	$1.07+17.6%	$0.91+33.8%	$0.68+47.8%	$0.46+39.4%	$0.33+178.6%	-$0.42	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$25.5M+0.5%	$25.3M-3.1%	$26.1M-2.9%	$26.9M-0.8%	$27.1M+1.1%	$26.8M-4.9%	$28.2M0.0%	$28.2M
SG&A Expenses	$8.1M-2.2%	$8.2M+2.4%	$8.0M-3.7%	$8.4M+77.8%	$4.7M-39.1%	$7.7M+4.7%	$7.4M-14.2%	$8.6M
Interest Expense	$11.3M+3.6%	$10.9M-4.8%	$11.4M-7.2%	$12.3M-4.6%	$12.9M-0.3%	$13.0M-7.7%	$14.1M-0.9%	$14.2M
Income Tax	$17K+105.3%	-$320K-160.0%	$533K+156.2%	-$948K-419.2%	$297K+126.4%	-$1.1M-413.4%	$359K+129.8%	-$1.2M
Net Income	$308K+5033.3%	$6K-98.4%	$382K-52.4%	$802K-78.1%	$3.7M+140.5%	-$9.0M-221.6%	-$2.8M-41.9%	-$2.0M
EPS (Diluted)	$0.03	$0.00-100.0%	$0.04-55.6%	$0.09-78.6%	$0.42+140.8%	-$1.03-221.9%	-$0.32-39.1%	-$0.23

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income.

FNWB Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

FNWB quarterly balance sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13
Total Assets	$2.1B-5.6%	$2.2B+1.4%	$2.2B+7.8%	$2.0B+6.3%	$1.9B+16.1%	$1.7B+26.5%	$1.3B+3.9%	$1.3B+15.7%	$1.1B+7.7%	$1.0B+7.8%	$936.8M+17.8%	$795.3M	N/A
Cash & Equivalents	N/A	N/A	N/A	N/A	N/A	N/A	$48.7M+85.2%	$26.3M+8.4%	$24.3M+7.2%	$22.6M-49.7%	$45.0M+137.5%	$19.0M-17.4%	$22.9M
Total Liabilities	$2.0B-6.1%	$2.1B+1.9%	$2.0B+8.2%	$1.9B+8.9%	$1.7B+17.9%	$1.5B+29.9%	$1.1B+4.0%	$1.1B+19.4%	$910.0M+10.9%	$820.4M+10.0%	$746.1M+4.5%	$714.3M	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	$110.0M-2.6%	$112.9M-17.3%	$136.6M+76.4%	$77.4M-4.0%	$80.7M-10.4%	$90.0M-14.4%	$105.1M	N/A
Total Equity	$157.3M+2.2%	$153.9M-5.8%	$163.3M+1.1%	$161.6M-15.4%	$191.0M+2.5%	$186.4M+5.4%	$176.9M+2.7%	$172.3M-3.1%	$177.7M-6.3%	$189.7M-0.5%	$190.7M+135.4%	$81.0M+3.0%	$78.6M
Retained Earnings	$91.7M-5.7%	$97.2M-9.5%	$107.3M-6.2%	$114.4M+11.1%	$103.0M+11.2%	$92.7M+7.5%	$86.2M+5.6%	$81.6M+5.3%	$77.5M+0.3%	$77.3M+3.7%	$74.6M-6.4%	$79.7M	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$2.1B-0.4%	$2.1B+1.2%	$2.1B-0.2%	$2.1B-3.8%	$2.2B+1.1%	$2.2B-2.7%	$2.2B-1.0%	$2.3B
Total Liabilities	$2.0B-0.5%	$2.0B+1.3%	$2.0B-0.3%	$2.0B-4.3%	$2.0B+1.0%	$2.0B-2.6%	$2.1B-0.8%	$2.1B
Total Equity	$158.3M+0.9%	$157.0M-0.2%	$157.3M+1.8%	$154.5M+3.2%	$149.7M+2.2%	$146.5M-4.8%	$153.9M-4.3%	$160.8M
Retained Earnings	$92.0M+0.3%	$91.7M0.0%	$91.7M+0.4%	$91.3M+0.9%	$90.5M+3.4%	$87.5M-10.0%	$97.2M-3.4%	$100.7M

Not reported in any period shown, so not listed: Current Assets, Cash & Equivalents, Inventory, Accounts Receivable, Goodwill, Current Liabilities, Long-Term Debt.

FNWB Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

FNWB quarterly cash flow statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13
Operating Cash Flow	$17.4M	-$2.8M-116.3%	$16.9M-5.6%	$17.9M+12.4%	$15.9M+4.9%	$15.2M+14.3%	$13.3M-6.0%	$14.1M+5.7%	$13.3M+1075.1%	$1.1M-89.3%	$10.6M+1002.1%	-$1.2M-132.6%	$3.6M-66.4%	$10.7M
Capital Expenditures	N/A	N/A	N/A	$1.6M-46.1%	$2.9M-51.6%	$6.0M+231.1%	$1.8M+326.8%	$426K-85.0%	$2.8M+197.2%	$956K-53.6%	$2.1M+62.7%	$1.3M-35.8%	$2.0M+320.5%	$469K
Free Cash Flow	N/A	N/A	N/A	$16.3M+25.5%	$13.0M+42.2%	$9.1M-20.1%	$11.4M-16.3%	$13.7M+30.2%	$10.5M+5763.7%	$179K-97.9%	$8.5M+449.4%	-$2.4M-250.5%	$1.6M-84.2%	$10.2M
Investing Cash Flow	$71.2M	$132.9M+252.7%	-$87.1M-3.4%	-$84.2M+64.6%	-$237.6M-73.6%	-$136.9M+56.7%	-$316.0M-1483.7%	-$19.9M+67.1%	-$60.7M+24.4%	-$80.3M+13.8%	-$93.1M+22.1%	-$119.5M-549.0%	-$18.4M+56.4%	-$42.2M
Financing Cash Flow	-$78.1M	-$117.5M-703.6%	$19.5M-86.5%	$143.9M+1.8%	$141.3M-22.6%	$182.6M-42.8%	$319.1M+1028.8%	$28.3M-23.4%	$36.9M-54.3%	$80.8M+34.4%	$60.1M-59.0%	$146.7M+1255.2%	$10.8M-9.3%	$11.9M
Dividends Paid	$19K	$1.3M-50.2%	$2.6M-2.0%	$2.7M-3.1%	$2.8M+10.0%	$2.5M+15.9%	$2.2M+54.5%	$1.4M+322.1%	$335K	$0	$0	N/A	N/A	N/A
Share Buybacks	N/A	$0-100.0%	$4.1M+253.1%	$1.1M-78.9%	$5.4M-9.0%	$6.0M-19.3%	$7.4M-5.3%	$7.8M-21.7%	$10.0M-39.6%	$16.5M+200.8%	$5.5M	$0	$0	$0

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	$1.5M+68.6%	$885K-91.4%	$10.3M+118.0%	$4.7M+18.9%	$4.0M+118.3%	-$21.7M-274.2%	$12.5M+982.5%	$1.2M
Investing Cash Flow	$3.1M+155.9%	-$5.6M-355.0%	$2.2M-96.9%	$71.5M+810.2%	-$10.1M-114.5%	$69.3M+4429.2%	$1.5M+104.1%	-$36.9M
Financing Cash Flow	-$10.4M-143.8%	$23.7M+456.4%	-$6.7M+92.1%	-$84.8M-458.8%	$23.6M+147.6%	-$49.7M-104.6%	-$24.3M-168.9%	$35.3M
Dividends Paid	$0	$0-100.0%	$1K-94.4%	$18K-97.2%	$650K+0.2%	$649K-1.1%	$656K+0.6%	$652K
Share Buybacks	N/A	N/A	$0	$0	$0	$0	$0-100.0%	$1.0M

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.

FNWB Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

FNWB quarterly financial ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13
Net Margin	-3.9%+2.0pp	-5.9%-8.2pp	2.3%-17.2pp	19.5%-4.8pp	24.2%	5875.0%	3936.2%	15.5%+1.6pp	13.9%+1.5pp	12.4%+30.9pp	-18.5%-28.6pp	10.1%+1.1pp	9.0%
Return on Equity	-2.7%+1.6pp	-4.3%-5.7pp	1.4%-8.3pp	9.7%+1.6pp	8.1%+2.5pp	5.5%+0.5pp	5.1%+1.0pp	4.1%+1.2pp	2.9%+0.8pp	2.1%+4.8pp	-2.7%-6.0pp	3.3%+0.3pp	2.9%
Return on Assets	-0.2%+0.1pp	-0.3%-0.4pp	0.1%-0.7pp	0.8%0.0pp	0.8%+0.2pp	0.6%-0.1pp	0.7%+0.1pp	0.6%+0.1pp	0.5%+0.1pp	0.4%+0.9pp	-0.5%-0.9pp	0.3%	N/A
Debt-to-Equity	12.40-1.1x	13.50+1.0x	12.48+0.8x	11.66+2.6x	9.06+8.5x	0.590.0x	0.64-0.2x	0.79+0.4x	0.440.0x	0.430.0x	0.47-0.8x	1.30	N/A
FCF Margin	N/A	N/A	16.2%0.0pp	16.2%+1.8pp	14.3%	6498.9%	5969.9%	22.9%+22.4pp	0.5%-26.0pp	26.5%+35.4pp	-8.9%-15.0pp	6.1%-33.6pp	39.7%

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Net Margin	1.2%+1.2pp	0.0%-1.4pp	1.5%-1.5pp	3.0%-10.5pp	13.5%+47.2pp	-33.7%-23.7pp	-10.0%-2.9pp	-7.0%
Return on Equity	0.2%+0.2pp	0.0%-0.2pp	0.2%-0.3pp	0.5%-1.9pp	2.5%+8.6pp	-6.2%-4.3pp	-1.8%-0.6pp	-1.2%
Return on Assets	0.0%0.0pp	0.0%0.0pp	0.0%0.0pp	0.0%-0.1pp	0.2%+0.6pp	-0.4%-0.3pp	-0.1%0.0pp	-0.1%
Debt-to-Equity	12.42-0.2x	12.59+0.2x	12.40-0.3x	12.66-1.0x	13.66-0.2x	13.82+0.3x	13.50+0.5x	13.03

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.

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Where First Northwest Ranks

Frequently Asked Questions

What is First Northwest's annual revenue?

First Northwest (FNWB) reported $107.0M in total revenue for fiscal year 2025. This represents a -4.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is First Northwest's revenue growing?

First Northwest (FNWB) revenue declined by 4.8% year-over-year, from $112.3M to $107.0M in fiscal year 2025.

Is First Northwest profitable?

No, First Northwest (FNWB) reported a net income of -$4.2M in fiscal year 2025, with a net profit margin of -3.9%.

What is First Northwest's net profit margin?

First Northwest (FNWB) had a net profit margin of -3.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does First Northwest pay dividends?

Yes, First Northwest (FNWB) paid $0.14 per share in dividends during fiscal year 2025.

What is First Northwest's return on equity (ROE)?

First Northwest (FNWB) has a return on equity of -2.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is First Northwest's operating cash flow?

First Northwest (FNWB) recorded an outflow of $2.8M in operating cash flow during fiscal year 2025, representing cash used by core business activities.

What are First Northwest's total assets?

First Northwest (FNWB) had $2.1B in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does First Northwest have outstanding?

First Northwest (FNWB) had 9M shares outstanding as of fiscal year 2025.

What is First Northwest's debt-to-equity ratio?

First Northwest (FNWB) had a debt-to-equity ratio of 12.40 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is First Northwest's return on assets (ROA)?

First Northwest (FNWB) had a return on assets of -0.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is First Northwest's Piotroski F-Score?

First Northwest (FNWB) has a Piotroski F-Score of 3 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are First Northwest's earnings high quality?

First Northwest (FNWB) reported a net loss of $4.2M while operations used $2.8M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is First Northwest?

First Northwest (FNWB) scores 11 out of 100 on our Financial Health Score, indicating weak standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.