First Northwest settles lawsuit: what it means for First Northwest Bancorp stock

Published on 10/07/2026 at 01:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First Northwest agreed to USD 1.30 million settlement on September 15, 2026. First Northwest Bancorp stock has October 25 results and USD 0.13 consensus EPS.

FNWB, US3358341077, Illustration mit AI erstellt.

First Northwest Bancorp (ISIN US3358341077) agreed to a USD 1.30 million cash settlement on September 15, 2026, resolving litigation involving its First Fed Bank subsidiary. The payment gives First Northwest Bancorp stock a concrete legal-cost issue to assess before the next earnings report.

Settlement removes litigation cost

According to the SEC filing dated September 15, 2026, First Fed Bank entered a Settlement Agreement and Mutual Release with Socotra REIT I. The agreement calls for a USD 1.30 million payment within 30 days in exchange for a full release of claims and dismissal of the complaint with prejudice.

The filing describes the agreement as a compromise of disputed claims and says it avoids the estimated costs, uncertainty and distraction of continued litigation. For investors, the key figure is the cash outflow itself, while the dismissal removes the dispute from the companys disclosed legal overhang.

Q2 profit stayed narrow

First Northwest reported USD 308,000 of net income in the second quarter of 2026, or USD 0.03 diluted earnings per share, according to StockTitan. That result was higher than the USD 6,000 recorded in the first quarter of 2026 but lower than the USD 3.7 million earned in the second quarter of 2025.

The same filing summary reports a 2.95 percent net interest margin in the second quarter, down from 3.03 percent in the first quarter but above 2.83 percent a year earlier. The comparison matters because the bank returned to a small profit while its margin remained below the level recorded in the prior-year quarter.

October report sets next test

AltIndex lists October 25, 2026, as the next reporting date and gives a USD 0.13 consensus estimate for the next quarter. The date provides the next scheduled checkpoint for whether earnings can move beyond the USD 308,000 second-quarter profit.

First Northwest Bancorp describes itself as the parent of First Fed Bank, serving individuals, small businesses, nonprofit organizations and commercial customers in Washington state, according to First Northwest Bancorp. The company says First Fed has served its communities since 1923 and operates 16 locations, including 11 full-service branches.

Market value and yearly range

First Northwest Bancorp had a market capitalization of USD 92.2 million as of October 6, 2026. Its 52-week range was USD 7.76 to USD 12.52, putting the companys market value in the small-cap regional banking category.

The further course of trading is shown by the continuously updated real-time quote of First Northwest Bancorp stock.