First Northwest Bancorp FNWB

Financial Services Banks - Global

First Northwest Bancorp operates as a bank holding company for First Fed Bank that provides commercial and consumer banking services to individuals, businesses, and nonprofit organizations in the United States. The company accepts various deposit instruments, such as checking, money market deposit, savings, and transaction accounts, as well as certificates of deposits. It also offers one-to-four family residential mortgage loans, commercial and multi-family real estate loans, construction and land loans, loan origination and underwriting, and commercial business loans, as well as consumer loans primarily comprising automobile and home-equity loans, and lines of credit. It operates branch offices in Clallam, Jefferson, King, Kitsap, Snohomish, and Whatcom Counties, Washington. First Northwest Bancorp was founded in 1923 and is based in Port Angeles, Washington.

NDAQ:FNWB - Post by User

First Northwest Bancorp

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Post by MikeTesteron Jan 24, 2025 6:09am

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Post# 36418460

First Northwest Bancorp (FNWB): A Community Bank Navigating

Interesting play on the Puget Sound banking scene. FNWB's been through the wringer with that Q3 loss of $1.98M and margin compression. Down 48 basis points is rough. But digging the strategic moves like the sale-leaseback of 6 branch properties and trimming workforce by 9%. Loan portfolio still grew 4.5% to $1.73B with strong consumer and commercial biz segments. Might be a value play if management can execute cost control.BeyondSPX continues to deliver high quality in-depth analysis on just about every US stock out there, even microcaps, for free. Solid resource for digging into the details.Watching this one closely. Could be an interesting community bank turnaround story. https://beyondspx.com/article/first-northwest-bancorp-fnwb-a-community-bank-navigating-change-and-challenges

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