First Northwest Bancorp posts $743,000 Q3 net loss after $1.3 million legal settlement
First Northwest Bancorp reported a net loss of $743,000, or $0.08 per share, for the third quarter of 2026, compared with net income of $308,000 in the second quarter of 2026 and $802,000 in the third quarter of 2025. The company attributed the loss partly to a nonrecurring $1.3 million expense for settling a previously disclosed lawsuit and a higher provision for credit losses, and book value per share fell to $15.65 from $16.66 a quarter earlier.
Key points
- Net loss of $743,000 ($0.08 per share) for Q3 2026, versus net income of $308,000 ($0.03 per share) in Q2 2026 and $802,000 ($0.09 per share) in Q3 2025
- Noninterest expense included a nonrecurring $1.3 million legal settlement expense; the provision for credit losses was $739,000 versus a recapture of $540,000 in Q2 2026
- Net interest margin rose to 2.96% from 2.95% in Q2 2026; nonperforming loans fell to $19.9 million from $20.7 million
- Total shareholders' equity decreased to $148.8 million at September 30, 2026, from $158.3 million three months earlier
The filing
Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 29, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.