First Northwest Bancorp reports results for the quarter ended September 30 - Earnings Summary

What happened

First Northwest Bancorp reported a quarterly adjusted loss of 8 cents per share for the quarter ended September 30, compared with earnings of 9 cents per share a year earlier. Revenue fell 0.5% to $16.49 million, and the company reported a quarterly loss of $743 thousand.

Confirmed

Global impact / market context

The loss missed the 4 cents per share that two analysts expected on average, and revenue came in below the $17.00 million forecast. For a bank, that gap can reduce cash available for lending and buybacks, while a falling profit per sale worsens the picture.

Analyst inference

Despite the weaker results, the average analyst rating remains buy with two buy ratings and no holds or sells. The median 12-month price target of $15.00 sits about 31.3% above the last close of $10.31, signaling expected recovery.

Analyst inference

What to watch

1. Analysts expect earnings of 4 cents per share, with estimates ranging from 1 cent to 7 cents per share, so the reported 8 cent loss landed well below the lowest forecast in that range. Confirmed
2. Watch whether the company narrows its loss next quarter toward the unchanged analyst estimate, since the mean earnings estimate has stayed the same over the last three months. Proposed
3. Track revenue and cost trends, because a 0.5% revenue decline alongside a quarterly loss of $743 thousand can pressure the bank's cash available for lending and future capital spending. Analyst inference

Evidence

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