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FNWB-News
FNWB-Events
Q3 Tangible Book Value Per Share at $15.52
Reports Q3 tangible book value per share $15.52. "We are encouraged by the continued momentum in our core banking franchise during the third quarter, including stable net interest income, modest net interest margin expansion and growth in customer deposits. These results reflect the progress we are making to enhance our funding mix and strengthen the balance sheet. Although reported results were affected by a higher provision for credit losses and the settlement of a previously disclosed legal matter, nonperforming loans declined and allowance coverage improved. With a stable capital position and several strategic and operational initiatives underway, we believe we are building a stronger foundation for improved profitability and long-term shareholder value."
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.
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