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FNWB-News
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Company Reports Q2 Revenue of $16.18M, Below Estimates
Reports Q2 revenue $16.18M, two estimates $16.95M. Reports Q2 core banking revenues remained steady, supported by an $11.3M increase in customer deposits. "At the midpoint of 2026, we continue to execute a disciplined transformation to improve operating efficiency and reposition the balance sheet for long-term performance," said CEO Curt Queyrouze.
Company Reports Q1 Revenue of $16.4M
Reports Q1 revenue $16.4M vs. $17.6M last year. Reports net interest margin expanded for the sixth consecutive quarter to 3.03% vs. 2.76% last year, primarily due to a decrease in the rate paid on interest-bearing liabilities. "As we move through 2026, we are executing a disciplined transformation to improve our operating efficiency and reposition the balance sheet for long-term performance," said CEO Curt Queyrouze.
First Fed Bank Appoints Jennifer Gribble as Chief People Officer
First Fed Bank, a wholly owned subsidiary of First Northwest, named Jennifer Gribble as its new Chief People Officer. Gribble joins First Fed from Ideal Image, where as Chief People Officer, she led all HR functions including talent acquisition, performance management, employee engagement, organizational development and compensation and benefits.
Fed Announces Closure of Bellevue Branch in 2026
First Fed will permanently close its Bellevue branch, located at 1100 Bellevue Way Northeast in Bellevue, Washington, on April 30, 2026. "Customer preferences continue to evolve, and we are seeing that, for this location, the use of online and mobile banking services continues to become more prevalent than in-person visits," said Curt Queyrouze. "Closing this branch allows us to focus on streamlined delivery channels that are convenient, secure and bring innovative banking solutions to our markets." This closure is expected to reduce future annual operating expenses by approximately $900,000.
First Northwest Reports Q4 Revenue of $18.38M
Reports Q4 revenue $18.38M vs $16.437M last year. "As we enter 2026, we are building on momentum that began in 2025," said Curt Queyrouze, President and Chief Executive Officer of First Northwest and First Fed. "Our focus is clear: to position First Fed as a high-performing bank by leveraging data to operate more efficiently, strengthening our core deposit base and generating high-quality, relationship-based loan growth. I am encouraged by the progress our team has made and believe we are well prepared for the year ahead. The First Fed team remains committed to serving our communities and delivering exceptional service."
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