First Northwest Bancorp (FNWB) [Rocket]

Overview

First Northwest Bancorp (FNWB)

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Recent News + Filings (All items)

Date Filed	Type	Description
08/11/2023	10-Q	Quarterly Report for the period ended June 30, 2023
08/07/2023	4	DEINES MATTHEW (President / CEO) has filed a Form 4 on First Northwest Bancorp
08/01/2023	144	Form 144 - Report of proposed sale of securities:
07/27/2023	8-K	Results of Operations and Financial Condition, Other Events, Financial Statements and Exhibits  Interactive Data
07/10/2023	4	Riffle Christopher J (EVP, COO and CDO) has filed a Form 4 on First Northwest Bancorp
07/10/2023	4	DEINES MATTHEW (President / CEO) has filed a Form 4 on First Northwest Bancorp
05/24/2023	4	Behar Dana D. (Director) has filed a Form 4 on First Northwest Bancorp

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Jun-30-17	Jun-30-16	Jun-30-15
Revenues	78.7	72.6	54.8	44.2	41.5	36.6	33.3	27.6
Revenue growth	8.4%	32.6%	23.9%	6.4%		9.6%	20.8%	8.2%
Cost of goods sold	41.3	37.8	28.5	23.6	18.9	17.2	14.5	12.7
Gross profit	37.3	34.8	26.3	20.6	22.6	19.3	18.8	14.9
Gross margin	47.4%	47.9%	48.0%	46.5%	54.4%	52.8%	56.4%	54.0%
Selling, general and administrative
Sales and marketing	3.3	2.0	1.5	1.1	1.0	0.7	0.8	0.4
General and administrative	11.7	9.5	7.1	4.5	4.1	4.1	1.8	1.1
EBITA	22.4	23.3	17.7	15.0	13.1	10.7	10.1	7.8
EBITA margin	28.5%	32.1%	32.3%	33.8%	31.4%	29.2%	30.2%	28.3%
Amortization of intangibles	0.1	0.0
EBIT	22.3	23.3	17.7	15.0	13.1	10.7	10.1	7.8
EBIT margin	28.4%	32.1%	32.3%	33.8%	31.4%	29.2%	30.2%	28.3%
Pre-tax income	16.3	18.2	13.3	11.1	8.7	6.8	5.4	-5.4
Income taxes	2.8	3.2	3.0	2.1	1.6	1.7	1.5	-0.4
Tax rate	17.4%	17.6%	22.2%	18.7%	18.1%	24.5%	26.7%	6.5%
Net income	15.6	15.4	10.3	9.0	7.1	5.1	4.0	-5.1
Net margin	19.9%	21.2%	18.9%	20.4%	17.1%	14.0%	12.0%	-18.4%

Diluted EPS	$1.71	$1.67	$1.10	$0.91	$0.68	$0.46	$0.33	($0.42)
Shares outstanding (diluted)	9.1	9.2	9.4	9.9	10.4	11.2	12.0	12.2

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.