GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Northwest Bancorp (NAS:FNWB) » Definitions » Net Income

First Northwest Bancorp (First Northwest Bancorp) Net Income : $-0.85 Mil (TTM As of Dec. 2023)


View and export this data going back to 2015. Start your Free Trial

What is First Northwest Bancorp Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. First Northwest Bancorp's Net Income for the three months ended in Dec. 2023 was $-5.52 Mil. Its Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.85 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. First Northwest Bancorp's Earnings per Share (Diluted) for the three months ended in Dec. 2023 was $-0.62.


First Northwest Bancorp Net Income Historical Data

The historical data trend for First Northwest Bancorp's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

First Northwest Bancorp Net Income Chart

First Northwest Bancorp Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.01 10.34 15.42 15.65 2.29

First Northwest Bancorp Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.53 1.78 2.50 -5.52 0.40

First Northwest Bancorp Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

First Northwest Bancorp's Net Income for the fiscal year that ended in Dec. 2023 is calculated as

Net Income(A: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=2.675+-0.549+0+0.16
=2.29

First Northwest Bancorp's Net Income for the quarter that ended in Dec. 2023 is calculated as

Net Income(Q: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-6.876+1.354+0+0
=-5.52

Net Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.85 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


First Northwest Bancorp  (NAS:FNWB) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

First Northwest Bancorp's Earnings per Share (Diluted) (EPS) for the quarter that ended in Dec. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


First Northwest Bancorp Net Income Related Terms

Thank you for viewing the detailed overview of First Northwest Bancorp's Net Income provided by GuruFocus.com. Please click on the following links to see related term pages.


First Northwest Bancorp (First Northwest Bancorp) Business Description

Traded in Other Exchanges
N/A
Address
105 West 8th Street, Port Angeles, WA, USA, 98362
First Northwest Bancorp is a bank holding company and a financial holding company and is engaged in banking activities through its wholly owned subsidiary, First Fed Bank, as well as certain non-banking financial activities. It includes deposit and lending transactions that are supplemented with other borrowing and investing activities. The bank's principal lending activities are focused on first lien one- to four-family mortgage loans, commercial and multi-family real estate loans, construction and land loans (including lot loans), commercial business loans and consumer loans. Geographically all the operations are functioned through the regions of Washington, US.
Executives
Christopher J Riffle officer: Executive VP, COO, GC 105 W. 8TH STREET, PORT ANGELES WA 98362
Dana D. Behar director 105 W. EIGHTH STREET, PORT ANGELES WA 98362
Matthew Deines officer: President & CEO C/O FIRST NORTHWEST BANCORP, 105 W. 8TH STREET, PORT ANGELES WA 98362
Tonina Norman J. Jr. director 105 WEST 8TH STREET, PORT ANGELES WA 98362
Terry A Anderson officer: EVP/CCO 105 W. 8TH STREET, PORT ANGELES WA 98362
Lynn Terwoerds director 105 WEST 8TH ST, PORT ANGELES WA 98362
Geraldine L. Bullard officer: EVP/CFO/Principal Acc't Off. 105 W. 8TH STREET, PORT ANGELES WA 98362
Cindy H. Finnie director 105 WEST 8TH STREET, PORT ANGELES WA 98362
Christopher Wade Neros officer: EVP, Chief Lending Officer 105 W 8TH STREET, PORT ANGELES WA 98362
Gabriel Steven Galanda director 105 W. 8TH STREET, PORT ANGELES WA 98362
Sherilyn G Anderson director 105 W. 8TH STREET, PORT ANGELES WA 98362
David T. Flodstrom director 105 WEST 8TH STREET, PORT ANGELES WA 98362
Craig Alan Curtis director 105 WEST 8TH STREET, PORT ANGELES WA 98362
Randy T. Riffle officer: EVP/Chief Lending Officer 105 W. 8TH STREET, PORT ANGELES WA 98362
Derek J Brown officer: EVP, Chief HR/Marketing Off. 105 W. 8TH STREET, PORT ANGELES WA 98362

First Northwest Bancorp (First Northwest Bancorp) Headlines

From GuruFocus

Fintech Partnership between FNWB and Splash Financial

By GuruFocusNews GuruFocusNews 01-13-2022

PSBJ Recognizes First Fed for Workplace Culture and Growth

By GuruFocusNews GuruFocusNews 07-07-2022

Ana Liza Grandner Joins First Fed as Chief Payments Officer

By Value_Insider Value_Insider 10-17-2022

First Fed Invests in Strategic Partnership with Meriwether Group

By GuruFocusNews GuruFocusNews 07-07-2022

First Northwest Bancorp Completes Purchase of Bellevue Branch

By Marketwired Marketwired 07-26-2021

Cindy Hill-Finnie Promoted to First Fed Board Chair

By GuruFocusNews GuruFocusNews 06-30-2022

Cindy Hill-Finnie Promoted to First Fed Board Chair

By GuruFocusNews GuruFocusNews 07-10-2022

Cindy Hill-Finnie Promoted to First Fed Board Chair

By GlobeNewswire GlobeNewswire 06-10-2022