Yahoo Finance First Northwest Bancorp First Quarter 2024 Earnings: Misses Expectations
First Northwest Bancorp (NASDAQ:FNWB) First Quarter 2024 Results
Key Financial Results
Revenue: US$15.1m (down 21% from 1Q 2023).
Net income: US$396.0k (down 89% from 1Q 2023).
Profit margin: 2.6% (down from 18% in 1Q 2023). The decrease in margin was driven by lower revenue.
EPS: US$0.04 (down from US$0.39 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
First Northwest Bancorp Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) also missed analyst estimates by 67%.
Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Banks industry in the US.
Performance of the American Banks industry.
The company's shares are up 6.4% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 2 warning signs for First Northwest Bancorp that you need to be mindful of.
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