0001437749-26-015523
SEC filingFirst Northwest Bancorp reported net income of $6.0K for Q1 FY2026, a 100.1% year-over-year improvement from a $9.0M loss, reflecting normalization of prior-year nonrecurring expenses and credit-related adjustments — not revenue growth.
Net income for Q1 FY2026 was $6.0K, a 100.1% year-over-year improvement from a $9.0M loss in Q1 FY2025. This reversal reflects the absence of nonrecurring items recognized in the prior-year period, including a legal settlement and credit-related adjustments that materially depressed prior results. Diluted EPS was $0.00, up from -$1.03, consistent with the net income shift and no material change in weighted-average diluted shares outstanding. The improvement is not attributable to revenue expansion but rather to normalization of expense and provision patterns.
Net cash provided by operating activities totaled $885K for Q1 FY2026, compared to a $21.7M outflow in Q1 FY2025. This dramatic swing signals improved cash generation stability and reduced pressure on working capital and liquidity management. While the prior-year outflow included timing-driven and nonrecurring disbursements, the current quarter’s positive result supports the company’s ability to fund operations internally without relying heavily on external financing sources.