First Northwest Bancorp (FNWB)

Saturday

6:42 PM

ThesisImproving economic indicators and rising interest rates are expected to enhance profitability, driving investor interest.

Revenue Outlook

Metric	FY2025	FY2026E	FY2027E
Revenue	$107M	$66M	$70M
Rev. Growth	-8.4%	-38.6%	+6.9%
EPS	$-0.48	$0.08	$0.50
EPS Growth	+36.0%	+116%	+543%
P/E (fwd)	—	141.5×	22.0×

★ Analysts see FY2027 revenue reaching $70M — +6.9% growth in a single year.

What’s Driving the Stock

01Improvement in local real estate market with a 10% increase in housing starts YoY could drive loan demand significantly.
02Potential regulatory relief on capital requirements could enhance lending capacity and profitability.
03Rising interest rates could expand net interest margins by 15-20 basis points, improving profitability.
04Digital transformation in banking
05Community-focused lending initiatives
06Changes in the Federal Funds Rate impacting net interest margins
07Local real estate market trends affecting loan demand
08Credit quality metrics, particularly non-performing loans

FY2025 Snapshot

Revenue: $107M
Rev. Growth: -8.4%
Gross Margin: 47.3%
Op. Margin: -5.5%
Net Margin: -3.9%
Net Income: $-4M
NI Growth: +36.6%
EPS: $-0.48
1Y Return: +52.8%

My Notes

"Management noted, 'We are well-positioned to capitalize on the improving economic landscape and rising interest rates.'"
Moat: First Northwest Bancorp's competitive advantage is supported by its strong community ties and localized service.
value - Investors may be drawn to FNWB for its low price-to-book ratio (0.6x) indicating potential undervaluation.
Rising interest rates generally improve net interest margins, enhancing profitability, but can also dampen loan demand.
Watch on earnings: Federal Funds Rate, Local housing market indicators (e.g., housing starts), Non-performing loan ratio.

One Sentence Summary:

The bull case is simple: analysts see revenue climbing from $66M to $70M as improvement in local real estate market with a 10% increase in housing starts yoy could drive loan demand significantly.

Auto-composed from Stock Alarm intelligence, financial statements, and analyst estimates. Not investment advice.

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