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First Federal Community Foundation reports proposed sales of First Northwest Bancorp common stock under a Form 144 notice. The excerpt lists multiple recent dispositions of 4,600 shares each on 02/20/2026, 02/27/2026, 03/06/2026, and 03/13/2026, with per‑trade proceeds shown. The filing also records a prior gift of 966,360 shares dated 01/29/2015.
First Northwest Bancorp executive reports routine tax withholding on shares. EVP and Chief Innovation Officer David Benjamin Edelstein had 508 shares of First Northwest Bancorp Common Stock withheld on a tax-withholding disposition dated 2026-05-07 at $9.97 per share to cover tax obligations.
After this transaction, Edelstein directly holds 14,551 shares of Common Stock. This Form 4 reflects a non-market, administrative share disposition to satisfy taxes rather than an open-market sale, so it mainly updates his reported ownership position.
First Northwest Bancorp executive vice president and chief financial officer Phyllis Rose reported a small, routine tax-related share disposition. On a transaction dated May 7, 2026, she used 605 shares of common stock, valued at $9.97 per share, to satisfy tax obligations.
After this tax-withholding disposition, she directly holds 12,002 common shares. Her position also includes unvested restricted stock awards: 3,333 unvested shares with one-half vesting on January 7, 2027, another 3,333 unvested shares with one-half vesting annually beginning May 7, 2027, and 3,115 unvested shares with one-third vesting annually beginning March 7, 2027. This event reflects tax handling on equity compensation rather than an open-market trade.
First Northwest Bancorp reported essentially breakeven results for the quarter ended March 31, 2026, with net income of $6 thousand compared with a net loss of $9.0 million a year earlier. Net interest income rose to $14.4 million as interest expense on deposits and borrowings declined.
Provision for credit losses dropped sharply to $78 thousand from $7.8 million, boosting net interest income after provision to $14.4 million versus $6.1 million last year. Noninterest expense fell to $16.7 million from $20.0 million, reflecting the absence of a prior-year $5.8 million legal settlement.
Total assets were $2.13 billion, with loans receivable, net, at $1.61 billion and deposits at $1.60 billion. Nonaccrual loans were $21.7 million, slightly lower than year-end, while the allowance for credit losses on loans was $16.8 million. Basic and diluted earnings per share were approximately breakeven versus a loss of $1.03 per share a year earlier.
FMR LLC filed an amendment to Schedule 13G reporting beneficial ownership of 471,129 shares of First Northwest Bancorp common stock. The filing shows this position represents 5.0% of the class and cites an ownership snapshot tied to 03/31/2026. The filing names Abigail P. Johnson and FMR LLC as reporting persons and includes a power of attorney and Exhibit 99 reference.
First Northwest Bancorp furnished an investor slide presentation under a Regulation FD disclosure. The presentation reviews the company’s financial results and trends through the quarter and three months ended March 31, 2026.
The slides are included as Exhibit 99.1 to this Form 8-K and are furnished, not filed, meaning they are not subject to certain Exchange Act liabilities or automatically incorporated into other Securities Act or Exchange Act filings.
First Northwest Bancorp reported essentially break-even results for the first quarter of 2026, with net income of $6,000 and basic and diluted earnings per share of $0.00. This compares to net income of $382,000 in the fourth quarter of 2025 and a net loss of $9.0 million a year earlier.
Core banking trends were more favorable than headline earnings. Net interest margin improved for the sixth consecutive quarter to 3.03%, helped by a lower cost of funds and a drop in deposit costs to 2.04%. Customer deposits rose to $1.54 billion, while higher-cost brokered deposits fell sharply.
Credit quality and capital remained solid. The allowance for credit losses on loans was $16.8 million, or 1.03% of total loans, with a small $13,000 recapture of provision. Nonperforming assets were $23.1 million, or 1.08% of total assets, and the bank’s total risk-based capital ratio was 13.5%, keeping it in the well‑capitalized category.
First Northwest Bancorp executive Jennifer Ellen Gribble, EVP and Chief People Officer, filed an initial Form 3 reporting no ownership of the company’s Common Stock. The filing shows 0 shares of Common Stock beneficially owned directly as of March 31, 2026.
First Northwest Bancorp is asking shareholders to vote at its 2026 in‑person annual meeting on May 19, 2026, at 4:00 p.m. Pacific Time in Port Angeles, Washington. Shareholders will elect nine directors for one‑year terms and consider key governance and compensation items.
The Board seeks approval of Second Amended and Restated Articles of Incorporation that would eliminate 80% supermajority voting requirements, allow amendments by a majority of outstanding shares, remove voting limits for holders above 10% ownership, delete a business‑combination article, and permit shareholder removal of directors with or without cause.
Shareholders are also asked to approve an Amended and Restated 2020 Equity Incentive Plan increasing the share reserve from 520,000 to 820,000 shares, an advisory say‑on‑pay vote on named executive officer compensation, and the ratification of Baker Tilly US, LLP as independent auditor for 2026.