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Stock impact report

First Northwest Bancorp Reports Fourth Quarter 2023 Results of Operations

First Northwest Bancorp (FNWB) 
US:NASDAQ Investor Relations: snl.com/irw/corporateprofile/4343673
Company Research Source: GlobeNewswire
PORT ANGELES, Wash., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Matthew P. Deines, President and CEO, comments on financial results:"2023 was the most challenging year for many banks since the great recession," said Matthew P. Deines, President and CEO. "That was certainly the case for First Northwest Bancorp and First Fed Bank. In spite of our challenges, we celebrated our 100th anniversary in 2023, and we continue to celebrate our customers, employees and communities as we enter our second century. While we posted an operating loss in the 4th quarter, largely due to a restructure of our bond portfolio, changes to market rates led to an increase in tangible book value per share compared to September 2023 and December 2022. We look forward to a challenging and prosperous 2024 as we remain focused on our customers and their financial needs." The Board of Directors of First Northwest Bancorp declared a quarterly cash dividend of $0.07 per common share. The dividend will be payable on Februa Show less Read more
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