First Northwest Bancorp was incorporated in Washington State on August 14, 2012 and is a bank holding company and financial holding company. First Northwest conducts its banking business through its wholly-owned subsidiary First Fed and engages in certain non-bank financial activities. Non-bank investments include certain limited partnership investments. The company's business activities focus on passive investing and oversight of First Fed activities. 

First Northwest: Piper Sandler maintains Overweight, PT raised to $15 from $13.5.Piper Sandler (PIPR) has reaffirmed its overweight rating for First Northwest, a move that reflects continued confidence in the company's growth potential. Alongside the reaffirmed rating, the firm has raised its price target for First Northwest from $13.5 to $15, signaling a 11.1% increase in its projected value. This adjustment aligns with Piper Sandler's broader strategy of maintaining a proactive stance on firms with strong fundamentals and favorable market positioning.Piper Sandler, a leading investment bank and institutional securities firm, reported second-quarter 2026 results showing <a href="https://stockanalysis.com/stocks/pipr/">21% year-over-year growth in net revenues</a> to $491 million, driven by record performance in advisory, municipal financing, and equity brokerage segments. The firm's operating margin improved to 21.8%, and it returned $215 million to shareholders in the first half of the year. Analysts covering PIPR stock have maintained a "Buy" consensus, with a <a href="https://stockanalysis.com/stocks/pipr/">12-month price target of $88.88</a>, representing a 17.86% upside from the current price.The updated price target for First Northwest underscores Piper Sandler's ongoing commitment to refining its investment outlook based on evolving market conditions and company performance. Investors are advised to monitor the firm's upcoming earnings releases and strategic developments for further insights into its long-term trajectory.<img src="https://cdn.ainvest.com/aigc/hxcmp/images/compress-1ce908d5bcd71001.png" alt="First Northwest: Piper Sandler maintains Overweight, PT raised to $15 from $13.5.">

Piper Sandler

FirstNorthwest

First Northwest: Piper Sandler maintains Overweight, PT raised to $15 from $13.5.

• Net income: $308,000 (Q2 2026) vs. $3.7 million (Q2 2025)
• Basic and diluted income per share: $0.03 (Q2 2026) vs. $0.42 (Q2 2025)
• Net income: $6,000 (Q1 2026) vs. $3.7 million (Q2 2025)
• Basic and diluted income per share: $0.00 (Q1 2026) vs. $0.42 (Q2 2025)In the second quarter of 2026, the company reported a net income of $308,000, representing a significant decline from the $3.7 million recorded in the same period of 2025[1]. This corresponds to a basic and diluted income per share of $0.03 for Q2 2026, down from $0.42 in Q2 2025[2]. The performance in Q2 2026 follows a challenging Q1 2026, during which the company recorded a net income of just $6,000, compared to $3.7 million in Q2 2025[3]. This equates to a basic and diluted income per share of $0.00 in Q1 2026, versus $0.42 in the prior year's second quarter[4]. The year-over-year and sequential declines highlight a period of financial strain, with earnings per share dropping sharply across both reporting periods. Investors and analysts may be closely monitoring the company's operational and strategic adjustments to address these trends.

First Northwest Bancorp Reports Q2 Net Income of $308,000, Up from $6,000 in Q1.

• First Northwest Bancorp reported Q2 2026 net income of $308,000, up from $6,000 in Q1 2026 and $3.7 million in Q2 2025.
• Basic and diluted income per share were $0.03 in Q2 2026, compared to $0.00 in Q1 2026 and $0.42 in Q2 2025.
• The company is undergoing a transformation to improve operating efficiency and reposition the balance sheet for long-term performance.First Northwest Bancorp reported a net income of $308,000 for the second quarter of 2026, a significant increase from $6,000 in the first quarter of 2026 and a notable improvement compared to $3.7 million in the same period of 2025 [1]. On a per-share basis, both basic and diluted income were recorded at $0.03 for Q2 2026, up from $0.00 in Q1 2026, though below the <a href="https://existing.com">$0.42 per share in Q2 2025</a>. The company has outlined <a href="https://existing.com">a strategic transformation initiative</a> aimed at enhancing operating efficiency and repositioning its balance sheet to support long-term performance. These efforts reflect a broader industry trend toward cost optimization and asset reallocation in response to evolving market conditions. Investors are closely monitoring the progress of these initiatives and their potential impact on future earnings and operational stability.

First Northwest Bancorp Reports Q2 Net Income of $308,000

First Fed Bank has appointed Chris Walsh as its new Chief Banking Officer, bringing 40 years of banking leadership experience. Walsh will oversee all banking functions and help advance the bank's long-term strategy of building a stronger community bank for business and retail customers, employees, and local communities across Northwest Washington.First Fed Bank has appointed Christopher (Chris) Walsh as its new Chief Banking Officer, effective immediately. Walsh brings over four decades of leadership experience in the banking sector and will oversee all banking functions at the institution. His appointment aligns with the bank’s long-term strategy to strengthen its position as a community-focused financial institution serving business and retail customers, employees, and <a href="https://www.linkedin.com/in/christopher-chris-walsh-68728310">local communities across Northwest Washington</a>.Walsh’s extensive background includes roles in credit, risk management, and financial technology, with a proven track record of fostering sustainable growth and operational excellence. His leadership experience spans both community and regional banks, as well as fintech organizations, providing <a href="https://www.linkedin.com/in/christopher-chris-walsh-68728310">a well-rounded perspective on modern</a> banking challenges and opportunities.This leadership change follows recent strategic appointments at First Fed Bank, including the promotion of Matt Mueller to Chief Credit Officer, continuing a broader effort to reinforce <a href="https://www.fibt.com/livefirst/news/honoring-dennis-walsh-and-the-future-of-credit-leadership/">the bank’s credit discipline</a> and customer-focused approach. Walsh’s role will be critical in advancing the bank’s mission to deliver comprehensive financial services while maintaining strong community ties.First Fed Bank, a subsidiary of First Northwest Bancorp (Nasdaq: FNWB), has a long-standing commitment to innovation and community development. With 17 locations in Washington state, the bank continues to expand its offerings while maintaining <a href="https://investor.ourfirstfed.com/press-releases/pr/2025/First-Northwest-Bancorp-and-First-Fed-Bank-name-Curt-Queyrouze-as-CEO-and-President/default.aspx">its core values of trust</a> and service.

First Fed Bank Names Chris Walsh as Chief Banking Officer.

• First Northwest Bancorp reports Q1 2026 net income of $6,000
• Compared to $382,000 in Q4 2025 and a net loss of $9.0 million in Q1 2025
• Basic and diluted income per share were $0.00 in Q1 2026
• Compared to $0.04 in Q4 2025 and a loss of $1.03 in Q1 2025
• Management focuses on operating efficiency and repositioning the bank
• No specific mention of digital data in the provided article.Northwest Bancshares Inc. (NWBI) <a href="https://finance.yahoo.com/markets/stocks/articles/northwest-bancshares-inc-nwbi-q1-070536684.html">reported a net income of $6,000</a> for the first quarter of 2026, a significant improvement from a net loss of $9.0 million in the same period last year and a profit of $382,000 in the fourth quarter of 2025. The company <a href="https://finance.yahoo.com/markets/stocks/articles/northwest-bancshares-inc-nwbi-q1-070536684.html">recorded basic and diluted income per share of $0.00</a> for Q1 2026, compared to $0.04 in Q4 2025 and a loss of $1.03 in Q1 2025.The earnings call highlighted a strategic focus on operating efficiency and repositioning the bank for long-term stability. Management emphasized the importance of disciplined expense management and capital allocation, <a href="https://finance.yahoo.com/markets/stocks/articles/northwest-bancshares-inc-nwbi-q1-070536684.html">with no mention of significant digital transformation initiatives</a> in the provided materials.In contrast, First BanCorp. <a href="https://finance.yahoo.com/markets/stocks/articles/first-bancorp-q1-2026-earnings-204535508.html">reported robust performance in Q1 2026</a>, achieving a record pre-tax pre-provision income of $131 million, driven by a 4.9% annualized growth in core client deposits. The company <a href="https://finance.yahoo.com/markets/stocks/articles/first-bancorp-q1-2026-earnings-204535508.html">maintained a 1.9% return on average assets</a> and a CET1 ratio of 16.9%, supporting a 92% net payout to shareholders through dividends and share repurchases.Northwest Bancshares also <a href="https://www.fool.com/earnings/call-transcripts/2026/04/28/northwest-nwbi-q1-2026-earnings-transcript/">delivered record net income of $51 million</a> for Q1 2026, representing more than 16% year-over-year growth. The company reported a net interest margin of 3.70%, an efficiency ratio of 59.4%, and a 1.22% return on average assets. <a href="https://www.fool.com/earnings/call-transcripts/2026/04/28/northwest-nwbi-q1-2026-earnings-transcript/">Average commercial and industrial (C&amp;I) loans increased by 28.2%</a> year-over-year, and the company initiated a $50 million share repurchase program.Despite the divergent financial outcomes between Northwest Bancshares and First BanCorp., <a href="https://finance.yahoo.com/markets/stocks/articles/first-bancorp-q1-2026-earnings-204535508.html">both institutions are navigating a challenging economic environment</a> marked by inflationary pressures, geopolitical uncertainty, and evolving consumer credit demand. Management at both banks expressed cautious optimism about future growth, <a href="https://www.fool.com/earnings/call-transcripts/2026/04/28/northwest-nwbi-q1-2026-earnings-transcript/">with Northwest Bancshares reiterating its guidance</a> for low- to mid-single-digit loan growth for the year.

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