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) 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.
First Fed Foundation (NASDAQ:FNWB) has announced the final call for its Fall 2025 grant applications. The foundation is accepting applications from nonprofit organizations, tribal entities, government bodies, and school districts serving Clallam, Jefferson, Kitsap, Whatcom Counties, and Bellevue. Interested organizations must submit their applications by 11:59 PM on September 1, 2025.
First Northwest Bancorp (Nasdaq: FNWB) reported significant improvement in Q2 2025 with net income of $3.7 million, compared to net losses in both Q1 2025 ($9.0 million) and Q2 2024 ($2.2 million). The company achieved earnings per share of $0.42 and recorded Adjusted Pre-Tax, Pre-Provision Net Revenue of $2.1 million.
Key improvements include net interest margin expansion to 2.83%, a return on average assets of 0.68%, and an improved efficiency ratio of 78.0%. The bank recorded a $296,000 recapture of provision for credit losses and received a $2.6 million employee retention credit. However, the Board elected not to declare a dividend this quarter as part of prudent capital management.
The company is currently conducting a CEO search and facing legal proceedings, while maintaining focus on strategic objectives and core business growth.
First Northwest Bancorp (NASDAQ: FNWB), the holding company for First Fed Bank, has appointed Diane C. Davis to the Boards of Directors of both First Fed Bank and First Northwest Bancorp. Davis brings over 25 years of leadership experience in the insurance industry, with expertise in executive management, strategy, risk management, and corporate governance.
Davis previously served as President of Farmers New World Life Insurance Company from 2016 to 2019 and held the position of Regional Chief Risk Officer at Zurich Insurance Company Ltd. She currently serves as co-chair of 5050 Women on Boards of Greater Seattle and previously served on the board of First Financial Northwest Bancorp.