First Northwest Bancorp reports Q2 2026 net income of $308K ($0.03/share), down 92% YoY

Filed July 29, 2026 · Period ending July 29, 2026 · ~1 min read

Key Changes

• high

  Q2 2026 net income fell to $308K ($0.03/share) from $3.7M ($0.42/share) in Q2 2025, as the company executes a transformation to improve operating efficiency and reposition the balance sheet.

  Exhibit 99.1 view on EDGAR →
• medium

  Net interest margin compressed to 2.95% from 3.03% in Q1 2026, primarily due to subordinated debt transitioning from fixed to floating rate at end of March, increasing interest expense.

  Exhibit 99.1 view on EDGAR →
• medium

  Brokered deposits fell $48.3M (45%) year-over-year to $58.6M and FHLB advances decreased $35.0M (12%) to $265.0M, as the company reduces reliance on higher-cost funding.

  Exhibit 99.1 view on EDGAR →