
FNWB Stock Forecast & Price Target
FNWB Analyst Ratings
Bulls say
First Northwest Bancorp demonstrated positive financial performance with a 2% increase in net interest income (NII) to $14.3 million, alongside a slight improvement in net interest margin (NIM) to 2.77%. The bank also saw a significant rise in core fee income, which increased by 22% quarter-over-quarter, reflecting strong operational efficiency and growth in related activities. Furthermore, the growth of end-of-period (EOP) core deposits by 3% quarter-over-quarter, combined with management's emphasis on enhancing core deposit growth, indicates a favorable trajectory for future funding and profitability.
Bears say
First Northwest Bancorp has experienced a decline in total equity, with tangible book value (TBV) and tangible common equity (TCE) falling to $16.09 and 7.2%, respectively, indicating a negative swing in accumulated other comprehensive income (AOCI) to -$45.9 million. The bank's loan portfolio has also seen a quarter-over-quarter decrease of 0.4%, driven primarily by reductions in commercial and industrial, construction and development, and commercial real estate loans. Furthermore, an anticipated decline in earnings per share (EPS) for 2024, down from $0.70 to $0.50, reflects concerns over fee income and loan loss provision forecasts, as profitability metrics remain below average.
This aggregate rating is based on analysts' research of First Northwest Bancorp and is not a guaranteed prediction by Public.com or investment advice.
FNWB Analyst Forecast & Price Prediction
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