Welcome to our dedicated page for First Northwest news (Ticker: FNWB), a resource for investors and traders seeking the latest updates and insights on First Northwest stock.
First Northwest Bancorp reports news centered on its role as the bank holding company for First Fed Bank, a Washington community bank serving individuals, businesses and nonprofit organizations. Company updates commonly cover quarterly earnings, net interest income and funding costs, deposit trends, loan activity, capital management and dividend decisions.
Recurring developments also include First Fed Bank leadership changes, board succession, digital banking initiatives for business customers, community foundation activity and management commentary on operating efficiency, liquidity and balance sheet positioning.
First Northwest Bancorp (NASDAQ: FNWB) announced that First Fed Bank Board Chair Cindy Hill Finnie has been named one of the Puget Sound Business Journal’s 2026 Directors of the Year, recognizing her board leadership, governance and community stewardship across Washington.
Finnie has served on the First Northwest Bancorp board since 2012 and became its first female chair in 2022, helping oversee leadership succession, Puget Sound expansion, strengthened governance and community investment. She also chairs an independent board responsible for strategy and risk oversight, serves on key committees, and is a director of the First Fed Foundation, which has awarded over $7 million to regional nonprofits, tribal and governmental organizations since 2015.
First Northwest Bancorp (Nasdaq: FNWB) reported second quarter 2026 net income of $308,000, up from $6,000 in Q1 2026 but down from $3.7 million in Q2 2025. Earnings per share were $0.03 versus $0.00 in Q1 2026 and $0.42 a year earlier.
Core banking revenues were described as steady. Net interest margin was 2.95%, down from 3.03% in Q1 2026 but above 2.83% in Q2 2025, while the efficiency ratio was 101.3%. Total assets were $2.12 billion, and book value per share was $16.66.
Customer deposits rose $11.3 million quarter-over-quarter to $1.55 billion, while brokered deposits fell $5.5 million and FHLB advances declined $15.0 million. The allowance for credit losses on loans decreased to $16.3 million, or 1.01% of total loans, with a $337,000 recapture of provision and annualized net charge-offs of 0.04%.
Nonaccrual loans were $20.7 million and nonperforming assets were $22.3 million, or 1.05% of total assets. First Fed’s total risk-based capital ratio was 13.4%, Tier 1 leverage ratio 9.6%, and tangible common equity to tangible assets 7.39% at June 30, 2026.
First Fed (NASDAQ: FNWB) appointed veteran banker Chris Walsh as Chief Banking Officer, bringing over 40 years of leadership in community banking. He will oversee all banking functions and support First Fed’s long-term strategy to build a stronger, responsive community bank across Northwest Washington.
First Northwest Bancorp (Nasdaq: FNWB) reported net income of $6,000 for Q1 2026, compared to $382,000 in Q4 2025 and a loss of $9.0 million in Q1 2025. Net interest margin widened to 3.03%, customer deposits rose 1.6% to $1.54B, and total risk-based capital was 13.5%.
Noninterest income declined after a prior-quarter insurance reimbursement; efficiency ratio remained elevated at 101.4. allowance for credit losses was $16.8M (1.03% of loans) and nonperforming loans fell to $21.7M.
First Fed Bank (NASDAQ: FNWB) named Jennifer Gribble as Chief People Officer, effective March 31, 2026. Gribble brings decades of global HR leadership across seven industries and six continents and joins from Ideal Image, where she led enterprise HR functions. Her hire supports First Fed's modernization and people-first strategy.
First Northwest Bancorp (Nasdaq: FNWB) reported net income of $382,000 for Q4 2025 versus a net loss of $2.8 million in Q4 2024 and net income of $802,000 in Q3 2025. Net interest margin rose to 3.00%. Brokered deposits fell to $86.5M and nonperforming loans increased to $22.6M. The company will close its Bellevue branch on April 30, 2026 and declared no dividend for the quarter.
First Northwest Bancorp (NASDAQ: FNWB) and First Fed announced the retirement of Norman J. Tonina, Jr. from both Boards effective December 9, 2025. Mr. Tonina served on the First Fed Board since 2012 and as an inaugural FNWB director since 2015, including service as Chair of the Nominating and Corporate Governance Committee.
The Boards highlighted his role in the executive search that led to the hiring of Curt Queyrouze as CEO and noted ongoing succession planning; the Nominating and Corporate Governance Committee will decide whether to add a new director.
First Northwest Bancorp (Nasdaq: FNWB) reported Q3 2025 net income of $802,000 versus $3.7 million in Q2 2025 and a $2.0 million loss in Q3 2024. EPS $0.09 for Q3 2025. Net interest margin rose to 2.91%, driven by lower rates on interest-bearing liabilities and deposit cost decline to 2.20%. Adjusted PPNR fell to $0.34 million from $2.1 million in Q2 2025. Allowance for credit losses on loans declined $2.1 million to $16.2 million; nonperforming loans fell $7.0 million to $13.4 million. Noninterest expense increased $4.6 million, including $1.1 million of executive transition costs and higher legal fees. The board elected not to declare a dividend for the quarter.
First Fed Bank (NASDAQ:FNWB), a Washington-based institution with $2 billion in assets, has implemented Apiture's Digital Banking Platform to enhance its business banking services. The upgraded platform introduces advanced features including cash flow forecasting tools, unified account views, enhanced security measures, and improved administrative controls.
The bank has also integrated Apiture Data Intelligence solution to gain deeper insights into customer banking behaviors while maintaining data privacy. This implementation aims to deliver more personalized financial solutions and strengthen customer engagement across both desktop and mobile platforms.
First Northwest Bancorp (Nasdaq: FNWB) has appointed Curt Queyrouze as its new Chief Executive Officer and President, effective September 17, 2025. Queyrouze brings over 40 years of financial services experience, specializing in credit, risk management, and financial technology.
Queyrouze joins from Coastal Financial Corporation, where he served as President of Community Bank and Corporate Credit. He previously held the position of President and CEO at TAB Bank and has experience ranging from community banks to fintech companies. He will also join the Board of Directors of both First Northwest and First Fed Bank.
He succeeds Matthew P. Deines, who left in July 2025, with COO Geraldine Bullard serving as Interim CEO during the transition period.