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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	90.33	84.61	68.64	55.03	43.06	40.17
Interest Income on Investments	17.77	16.29	11.74	8.64	8.62	9.15
Total Interest Income	108.1	100.9	80.38	63.67	51.68	49.31
Interest Paid on Deposits	36.75	27.02	5.2	3.4	6.66	8.3
Interest Paid on Borrowings	14.02	12.45	5.32	1.98	1.06	3.14
Total Interest Expense	50.77	39.47	10.52	5.37	7.72	11.45
Net Interest Income	57.32	61.43	69.86	58.3	43.96	37.87
Net Interest Income Growth (YoY)	-17.43%	-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	7.28	7.56	7.9	7.95	6.27	5.03
Total Non-Interest Income	9.51	4.02	8.84	15.64	15.85	7.01
Non-Interest Income Growth (YoY)	15.16%	-54.51%	-43.48%	-1.31%	125.98%	18.47%
Revenues Before Loan Losses	66.83	65.45	78.7	73.94	59.8	44.88
Provision for Loan Losses	6.73	1.32	1.54	1.35	5.05	0.67
Revenue	60.1	64.13	77.17	72.59	54.76	44.21
Revenue Growth (YoY)	-21.78%	-16.89%	6.31%	32.56%	23.86%	6.43%
Salaries and Employee Benefits	30.03	29.1	33.67	30.55	22.82	17.07
Occupancy Expenses	4.31	3.69	4.2	3.44	3.29	4.14
Federal Deposit Insurance	1.65	1.36	0.89	0.75	0.25	0.08
Selling, General & Administrative	17.37	19.32	18.32	15.31	11.01	8.14
Other Non-Interest Expense	7.93	7.98	5.24	4.36	3.89	3.34
Total Non-Interest Expense	61.28	61.45	62.31	54.41	41.25	32.77
EBT Excluding Unusual Items	-1.17	2.68	14.85	18.17	13.5	11.44
Other Unusual Items	-	-	-	-	-0.21	-0.34
Pretax Income	-1.17	2.68	16.34	18.17	13.29	11.09
Income Tax Expense	0.03	0.55	2.85	3.19	2.95	2.08
Earnings From Continuing Operations	-1.2	2.13	13.5	14.98	10.34	9.01
Minority Interest in Earnings	-	0.16	2.15	0.44	-	-
Net Income	-1.2	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	-1.19	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)	-1.65%	-2.21%	-0.92%	-1.84%	-5.25%	-4.90%
EPS (Basic)	-0.13	0.26	1.71	1.63	1.07	0.92
EPS (Diluted)	-0.13	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.