First Northwest Bancorp (First Northwest Bancorp) Retained Earnings : $107.35 Mil (As of Dec. 2023)

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What is First Northwest Bancorp Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. First Northwest Bancorp's retained earnings for the quarter that ended in Dec. 2023 was $107.35 Mil.

First Northwest Bancorp's quarterly retained earnings increased from Jun. 2023 ($111.75 Mil) to Sep. 2023 ($113.58 Mil) but then declined from Sep. 2023 ($113.58 Mil) to Dec. 2023 ($107.35 Mil).

First Northwest Bancorp's annual retained earnings increased from Dec. 2021 ($103.01 Mil) to Dec. 2022 ($114.42 Mil) but then declined from Dec. 2022 ($114.42 Mil) to Dec. 2023 ($107.35 Mil).

First Northwest Bancorp Retained Earnings Historical Data

The historical data trend for First Northwest Bancorp's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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First Northwest Bancorp Retained Earnings Chart

First Northwest Bancorp Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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86.16

92.66

103.01

114.42

107.35

First Northwest Bancorp Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings	Get a 7-Day Free Trial															114.42	114.14	111.75	113.58	107.35

First Northwest Bancorp Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

First Northwest Bancorp (NAS:FNWB) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

First Northwest Bancorp (First Northwest Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Northwest Bancorp (NAS:FNWB) » Definitions » Retained Earnings

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Address

105 West 8th Street, Port Angeles, WA, USA, 98362

Website

https://www.ourfirstfed.com

First Northwest Bancorp is a bank holding company and a financial holding company and is engaged in banking activities through its wholly owned subsidiary, First Fed Bank, as well as certain non-banking financial activities. It includes deposit and lending transactions that are supplemented with other borrowing and investing activities. The bank's principal lending activities are focused on first lien one- to four-family mortgage loans, commercial and multi-family real estate loans, construction and land loans (including lot loans), commercial business loans and consumer loans. Geographically all the operations are functioned through the regions of Washington, US.

Executives

Christopher J Riffle	officer: Executive VP, COO, GC	105 W. 8TH STREET, PORT ANGELES WA 98362
Dana D. Behar	director	105 W. EIGHTH STREET, PORT ANGELES WA 98362
Matthew Deines	officer: President & CEO	C/O FIRST NORTHWEST BANCORP, 105 W. 8TH STREET, PORT ANGELES WA 98362
Tonina Norman J. Jr.	director	105 WEST 8TH STREET, PORT ANGELES WA 98362
Terry A Anderson	officer: EVP/CCO	105 W. 8TH STREET, PORT ANGELES WA 98362
Lynn Terwoerds	director	105 WEST 8TH ST, PORT ANGELES WA 98362
Geraldine L. Bullard	officer: EVP/CFO/Principal Acc't Off.	105 W. 8TH STREET, PORT ANGELES WA 98362
Cindy H. Finnie	director	105 WEST 8TH STREET, PORT ANGELES WA 98362
Christopher Wade Neros	officer: EVP, Chief Lending Officer	105 W 8TH STREET, PORT ANGELES WA 98362
Gabriel Steven Galanda	director	105 W. 8TH STREET, PORT ANGELES WA 98362
Sherilyn G Anderson	director	105 W. 8TH STREET, PORT ANGELES WA 98362
David T. Flodstrom	director	105 WEST 8TH STREET, PORT ANGELES WA 98362
Craig Alan Curtis	director	105 WEST 8TH STREET, PORT ANGELES WA 98362
Randy T. Riffle	officer: EVP/Chief Lending Officer	105 W. 8TH STREET, PORT ANGELES WA 98362
Derek J Brown	officer: EVP, Chief HR/Marketing Off.	105 W. 8TH STREET, PORT ANGELES WA 98362