FNWB FY 2020 Earnings Report — First Northwest Bancorp Revenue & Financial Results | Market Cap Arena

First Northwest BancorpFNWB

FY 2020 Earnings

Reported March 12, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$68M	—	$56M	—	20.0%
Op. Income	$13M	—	$11M	—	19.9%
Gross Margin	81.1%	—	78.5%	—	2.6pp
Net Margin	15.3%	—	16.0%	—	-0.7pp
EPS (Diluted)	$1.10	—	$0.91	—	20.9%
Free Cash Flow	$11M	—	$14M	—	-16.3%

Revenue Flow

Item	Amount
REVENUE	$68M
Cost of Revenue	$13M
GROSS PROFIT	$55M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$30M
SG&A Expenses	$32M
Other Expenses	$10M
Operating Expenses	$41M
Cost & Expenses	$54M
OPERATING INCOME	$13M
Interest Income	$51M
Interest Expense	$8M
Other Income/Expenses	$0
INCOME BEFORE TAX	$13M
Income Tax Expense	$3M
Net Income from Continuing Ops	$10M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$10M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$10M
D&A	$2M
EBIT	$13M
EBITDA	$15M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$68M
Cost of Revenue	$13M
GROSS PROFIT	$55M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$30M
SG&A Expenses	$32M
Other Expenses	$10M
Operating Expenses	$41M
Cost & Expenses	$54M
OPERATING INCOME	$13M
Interest Income	$51M
Interest Expense	$8M
Other Income/Expenses	$0
INCOME BEFORE TAX	$13M
Income Tax Expense	$3M
Net Income from Continuing Ops	$10M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$10M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$10M
D&A	$2M
EBIT	$13M
EBITDA	$15M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$10M
Depreciation & Amortization	$2M
Stock-Based Compensation	$2M
Deferred Income Tax	-$1M
Other Non-Cash Items	-$4M
Change in Working Capital	$5M
OPERATING CASH FLOW	$13M
Capital Expenditure	-$2M
Acquisitions (Net)	$0
Purchases of Investments	-$307M
Sales/Maturities of Investments	$267M
Other Investing Activities	-$274M
NET CASH FROM INVESTING	-$316M
Net Debt Issuance	-$3M
Common Stock Repurchased	-$7M
Common Dividends Paid	-$2M
Other Financing Activities	$332M
NET CASH FROM FINANCING	$319M
FREE CASH FLOW	$11M
Net Change in Cash	$16M

Balance Sheet

Item	Amount
Cash & Equivalents	$65M
Short-Term Investments	$364M
Net Receivables	$7M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$447M
PP&E (Net)	$15M
Goodwill	$0
Intangible Assets	$2M
Long-Term Investments	$1.1B
Tax Assets	$0
Other Non-Current Assets	$44M
TOTAL NON-CURRENT ASSETS	$1.2B
TOTAL ASSETS	$1.7B
Account Payables	$53.0K
Short-Term Debt	$60M
Deferred Revenue	$0
Other Current Liabilities	$1.3B
TOTAL CURRENT LIABILITIES	$1.4B
Long-Term Debt	$50M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$1M
TOTAL NON-CURRENT LIABILITIES	$51M
TOTAL LIABILITIES	$1.5B
Common Stock	$102.0K
Additional Paid-In Capital	$97M
Retained Earnings	$93M
Treasury Stock	$0
Accum. Other Comp. Income	$5M
Other Equity	-$9M
TOTAL STOCKHOLDERS' EQUITY	$186M
Minority Interest	$0
TOTAL EQUITY	$186M
TOTAL LIABILITIES & EQUITY	$1.7B
Total Debt	$110M
Net Debt	$45M