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First Northwest Bancorp

Company Name First Northwest Bancorp
Stock Symbol FNWB
Status 1

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If you suffered a loss on your First Northwest Bancorp investments or would like to inquire about joining an action to recover your loss under the federal securities laws, please complete the form below. Please note that submission of this form does not by itself form an attorney-client relationship nor does filling out this form mean you have joined any lawsuit.

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Background

On October 25, 2024, FNWB disclosed that its second quarter 2024 financial results should no longer be relied upon due to an additional $6.6 million in charge-offs and increased provision on consumer loans, resulting in a total restated provision for credit losses on loans of $8.7 million. Additionally, the Company stated that a material weakness in the Company’s internal control over financial reporting existed as of June 30, 2024.

On this news, FNWB’s stock price fell $0.23, or 2.2%, to close at $10.13 per share on October 28, 2024, thereby injuring investors.

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