First Northwest Bancorp (FNWB)

First Northwest Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	92.12	84.61	68.64	55.03	43.06	40.17
Interest Income on Investments	18.33	16.29	11.74	8.64	8.62	9.15
Total Interest Income	110.45	100.9	80.38	63.67	51.68	49.31
Interest Paid on Deposits	40.01	27.02	5.2	3.4	6.66	8.3
Interest Paid on Borrowings	14.06	12.45	5.32	1.98	1.06	3.14
Total Interest Expense	54.07	39.47	10.52	5.37	7.72	11.45
Net Interest Income	56.38	61.43	69.86	58.3	43.96	37.87
Net Interest Income Growth (YoY)	-14.79%	-12.07%	19.84%	32.62%	16.09%	2.92%
Gain (Loss) on Sale of Assets	7.92	-	-	-	-	0.07
Gain (Loss) on Sale of Investments	-6.09	-3.98	0.12	2.41	3.15	0.84
Other Non-Interest Income	6.27	7.56	7.9	7.95	6.27	5.03
Total Non-Interest Income	8.39	4.02	8.84	15.64	15.85	7.01
Non-Interest Income Growth (YoY)	-18.73%	-54.51%	-43.48%	-1.31%	125.98%	18.47%
Revenues Before Loan Losses	64.76	65.45	78.7	73.94	59.8	44.88
Provision for Loan Losses	14	1.32	1.54	1.35	5.05	0.67
Revenue	50.77	64.13	77.17	72.59	54.76	44.21
Revenue Growth (YoY)	-33.22%	-16.89%	6.31%	32.56%	23.86%	6.43%
Salaries and Employee Benefits	30.59	29.1	33.67	30.55	22.82	17.07
Occupancy Expenses	4.69	3.69	4.2	3.44	3.29	4.14
Federal Deposit Insurance	1.81	1.36	0.89	0.75	0.25	0.08
Selling, General & Administrative	17.48	19.32	18.32	15.31	11.01	8.14
Other Non-Interest Expense	8.19	7.98	5.24	4.36	3.89	3.34
Total Non-Interest Expense	62.75	61.45	62.31	54.41	41.25	32.77
EBT Excluding Unusual Items	-11.98	2.68	14.85	18.17	13.5	11.44
Other Unusual Items	-	-	-	-	-0.21	-0.34
Pretax Income	-11.98	2.68	16.34	18.17	13.29	11.09
Income Tax Expense	-2.66	0.55	2.85	3.19	2.95	2.08
Earnings From Continuing Operations	-9.33	2.13	13.5	14.98	10.34	9.01
Minority Interest in Earnings	-	0.16	2.15	0.44	-	-
Net Income	-9.33	2.29	15.65	15.42	10.34	9.01
Preferred Dividends & Other Adjustments	0.01	0.01	0.14	0.51	0.29	-
Net Income to Common	-9.34	2.28	15.5	14.91	10.05	9.01
Net Income Growth	-	-85.39%	1.47%	49.11%	14.71%	26.87%
Basic Shares Outstanding	9	9	9	9	9	10
Diluted Shares Outstanding	9	9	9	9	9	10
Shares Change (YoY)	-1.51%	-2.21%	-0.92%	-1.84%	-5.25%	-4.90%
EPS (Basic)	-1.06	0.26	1.71	1.63	1.07	0.92
EPS (Diluted)	-1.06	0.26	1.71	1.63	1.07	0.91
EPS Growth	-	-85.06%	4.73%	52.34%	17.58%	33.82%
Dividend Per Share	0.280	0.280	0.280	0.250	0.210	0.130
Dividend Growth	0%	0%	12.00%	19.05%	61.54%	333.33%
Effective Tax Rate	-	20.52%	17.42%	17.58%	22.22%	18.73%

Source: S&P Capital IQ. Banks template. Financial Sources.