First Northwest Bancorp (FNWB, Financial) reported a notable increase in its revenue for the first quarter of 2025, reaching $17.939 million, compared to $16.116 million in the same period last year. This financial uplift is attributed to enhanced profitability, aiding in the growth of capital levels and tangible book value.
During this quarter, the company made strides in refining its asset quality, as evidenced by a 14% reduction in nonperforming loans from the previous quarter. Despite a decrease in net loans and deposits, which was primarily due to reduced funding to a large wholesale relationship and lowered brokered deposit balances, core commercial and consumer customer growth showed positive trends.
Looking forward, First Northwest anticipates that sustained core growth, improved asset quality, and continued expense management will drive further enhancements in profitability and capital. Additionally, the company is considering potential stock buybacks, a move influenced by the strengthened profitability observed this quarter.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for First Northwest Bancorp (FNWB, Financial) is $12.50 with a high estimate of $13.50 and a low estimate of $11.50. The average target implies an upside of 22.07% from the current price of $10.24. More detailed estimate data can be found on the First Northwest Bancorp (FNWB) Forecast page.
Based on the consensus recommendation from 2 brokerage firms, First Northwest Bancorp's (FNWB, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for First Northwest Bancorp (FNWB, Financial) in one year is $14.35, suggesting a upside of 40.14% from the current price of $10.24. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the First Northwest Bancorp (FNWB) Summary page.
