First Northwest Bancorp (FNWB) Cash Flow Statement
Where FNWB’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- −$2.8M −116.3% vs 2024
- Capital expenditures
- $0 0.0% of revenue
- Free cash flow
- −$2.8M −2.6% margin
- Returned to shareholders
- $1.4M
- Change in cash
- $304,001 cash at year-end $72.8M
Cash from operations
−$2.8M
Investments (net)
+$79.2M
Acquisitions & other
+$54.2M
Dividends
−$1.3M
Share buybacks (net)
−$113,000
Net borrowing (repayment)
−$27.1M
Other financing
−$89.1M
Currency & other
−$12.7M
Change in cash
$304,001
Drawn to scale: where the cash came from and how it was used. Hover for values.
FNWB operating cash flow, capex and free cash flow
Operating cash flowCapital expendituresFree cash flowFCF margin (right axis)
FNWB cash flow trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $10.6M2016 | −$2.8M2025 | — | |
| Capital expenditures | $2.1M2016 | $02025 | −100.0% | |
| Free cash flow | $8.5M2016 | −$2.8M2025 | — | |
| Free cash flow margin | 22.2%2016 | −2.6%2025 | −24.8 pts | |
| Operating cash flow / net income | 2.652016 | 8.412023 | +5.76 | |
| Stock-based compensation | $677,0002016 | $1.2M2025 | +6.7%/yr | |
| Dividends paid | $335,0002016 | $1.3M2025 | +16.4%/yr | |
| Share buybacks (net) | $5.5M2016 | $113,0002025 | −35.1%/yr | |
| Capex / revenue | 5.4%2016 | 0.0%2025 | −5.4 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
FNWB cash flow by activity
OperatingInvestingFinancingChange in cash
FNWB net income vs operating cash flow
Net incomeOperating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
FNWB cash flow statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | −$4.2M | −$6.6M | $2.1M | $13.5M | $15.0M | $10.3M | $9.0M | $7.1M | $3.3M | $4.0M |
| Depreciation & amortization | $1.3M | $1.4M | $1.6M | $2.1M | $1.5M | $1.7M | $1.6M | $1.6M | $1.2M | $1.4M |
| Stock-based compensation | $1.2M | $1.6M | $2.1M | $2.3M | $3.0M | $1.8M | $1.9M | $1.9M | $1.9M | $677,000 |
| Change in working capital | −$2.9M | $6.1M | $5.4M | −$2.2M | −$7.2M | $3.5M | $2.2M | −$30,000 | $326,000 | $6.9M |
| Other non-cash items | $1.9M | $14.4M | $6.7M | $304,000 | $2.8M | −$5.4M | −$619,000 | $2.8M | −$1.4M | −$2.3M |
| Cash from operating activities | −$2.8M | $16.9M | $17.9M | $15.9M | $15.2M | $11.8M | $14.1M | $13.3M | $5.2M | $10.6M |
| Investing activities | ||||||||||
| Capital expenditures | $0 | $0 | −$1.6M | −$2.9M | −$6.0M | −$1.8M | −$426,000 | −$2.8M | −$1.1M | −$2.1M |
| Investments (net) | $79.2M | −$87.1M | −$90.6M | −$232.8M | −$194.1M | −$314.5M | −$19.5M | −$57.9M | −$65.4M | −$69.5M |
| Acquisitions & other investing | $54.2M | $0 | $8.0M | −$2.0M | $63.3M | $1.8M | $0 | $0 | −$92.4M | −$21.5M |
| Cash from investing activities | $133.4M | −$87.1M | −$84.2M | −$237.6M | −$136.9M | −$314.5M | −$19.9M | −$60.7M | −$158.9M | −$93.1M |
| Financing activities | ||||||||||
| Dividends paid | −$1.3M | −$2.6M | −$2.7M | −$2.8M | −$2.5M | −$2.2M | −$1.4M | −$335,000 | −$335,000 | −$335,000 |
| Share repurchases & issuance (net) | −$113,000 | −$4.1M | −$1.1M | −$5.4M | −$6.0M | −$7.4M | −$7.8M | −$10.0M | −$2.2M | −$5.5M |
| Net borrowing (repayment) | −$27.1M | $15.0M | $35.5M | $12.0M | $39.2M | −$3.0M | −$23.6M | −$7.5M | $78.2M | −$3.2M |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | −$89.1M | $11.2M | $112.2M | $137.6M | $151.9M | $331.7M | $61.1M | $54.8M | $49.9M | $69.2M |
| Cash from financing activities | −$117.6M | $19.5M | $143.9M | $141.3M | $182.6M | $319.1M | $28.3M | $36.9M | $125.5M | $60.1M |
| Summary | ||||||||||
| Net change in cash | $304,001 | −$50.7M | $77.6M | −$80.4M | $60.9M | $16.4M | $22.4M | −$10.5M | $1.6M | −$22.4M |
| Cash at end of period | $72.8M | $72.4M | $123.2M | $45.6M | $126.0M | $65.2M | $48.7M | $26.3M | $24.3M | $22.6M |
| Free cash flow | −$2.8M | $16.9M | $16.3M | $13.0M | $9.1M | $10.0M | $13.7M | $10.5M | $4.2M | $8.5M |
| Free cash flow margin | −2.6% | 14.4% | 15.5% | 14.3% | 11.5% | 14.8% | 24.3% | 20.3% | 8.9% | 22.2% |
| Capex / revenue | 0.0% | 0.0% | 1.5% | 3.2% | 7.6% | 2.7% | 0.8% | 5.5% | 2.3% | 5.4% |
| Operating cash flow / net income | — | — | 8.41 | 1.18 | 1.01 | 1.15 | 1.56 | 1.88 | 1.58 | 2.65 |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | $308,000 | $6,000 | $382,000 | $802,000 | $9.0M | −$9.0M | −$2.8M | −$2.0M | −$2.2M | $395,000 | −$5.5M | $2.5M |
| Depreciation & amortization | $289,000 | $318,000 | $315,000 | $299,000 | $324,000 | $330,000 | $321,000 | $347,000 | $364,000 | $383,000 | $412,000 | $402,000 |
| Stock-based compensation | $315,000 | $233,000 | $323,000 | $228,000 | −$334,000 | $334,000 | $317,000 | $396,000 | $405,000 | $461,000 | $500,000 | $516,000 |
| Change in working capital | −$1.3M | $1.3M | $9.6M | $5.6M | $16.0M | −$16.0M | $14.3M | −$1.1M | −$761,000 | −$6.4M | $771,000 | −$613,000 |
| Other non-cash items | $1.9M | −$1.0M | −$303,000 | −$2.2M | −$21.1M | $2.7M | $361,000 | $3.4M | $10.3M | $311,000 | $6.4M | −$5.3M |
| Cash from operating activities | $1.5M | $885,000 | $10.3M | $4.7M | $4.0M | −$21.7M | $12.5M | $1.2M | $8.1M | −$4.9M | $2.6M | −$2.5M |
| Investing activities | ||||||||||||
| Capital expenditures | −$858,000 | −$445,000 | −$71,000 | $0 | −$71,000 | −$71,000 | −$13,000 | −$69,000 | −$113,000 | −$113,000 | −$505,000 | −$216,000 |
| Investments (net) | −$13.4M | −$4.0M | $13.7M | $71.5M | −$10.1M | $69.3M | $1.5M | −$36.9M | $26.7M | −$78.5M | −$896,000 | $5.6M |
| Acquisitions & other investing | $17.4M | −$1.2M | −$11.4M | $0 | $71,000 | $71,000 | $0 | $69,000 | $145,000 | $113,000 | $505,000 | $216,000 |
| Cash from investing activities | $3.1M | −$5.6M | $2.2M | $71.5M | −$10.1M | $69.3M | $1.5M | −$36.9M | $26.7M | −$78.5M | −$896,000 | $5.6M |
| Financing activities | ||||||||||||
| Dividends paid | $0 | $0 | −$1,000 | −$18,000 | −$650,000 | −$649,000 | −$656,000 | −$652,000 | −$666,000 | −$671,000 | −$675,000 | −$671,000 |
| Share repurchases & issuance (net) | −$19,000 | −$17,000 | $113,000 | −$14,000 | −$23,000 | −$76,000 | $174,000 | −$1.0M | −$18,000 | −$3.0M | −$169,000 | −$55,000 |
| Net borrowing (repayment) | −$15.0M | $20.0M | $48.5M | −$84.5M | $37.0M | −$28.1M | $1.0M | $32.4M | — | — | — | — |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | $4.6M | $3.7M | −$55.3M | −$278,000 | −$12.7M | −$20.9M | −$24.8M | $4.5M | −$28.3M | $41.2M | $38.4M | $2.9M |
| Cash from financing activities | −$10.4M | $23.7M | −$6.7M | −$84.8M | $23.6M | −$49.7M | −$24.3M | $35.3M | −$29.0M | $37.5M | $37.6M | $2.1M |
| Summary | ||||||||||||
| Net change in cash | −$5.8M | $19.0M | $5.8M | −$8.6M | $17.5M | −$2.1M | −$10.3M | −$457,000 | $5.8M | −$45.8M | $39.3M | $5.2M |
| Cash at end of period | $98.4M | $104.1M | $85.1M | $79.3M | $87.9M | $70.3M | $72.4M | $82.7M | $83.2M | $77.3M | $123.2M | $83.9M |
| Free cash flow | $634,000 | $440,000 | $10.3M | $4.7M | $4.0M | −$21.8M | $12.5M | $1.1M | $8.2M | −$5.0M | $2.1M | −$2.7M |
| Free cash flow margin | 2.3% | 1.6% | 56.0% | 16.3% | 13.8% | −71.3% | 42.3% | 3.6% | 29.3% | −16.9% | 8.9% | −9.4% |
| Capex / revenue | 3.1% | 1.6% | 0.4% | 0.0% | 0.2% | 0.2% | 0.0% | 0.2% | 0.4% | 0.4% | 2.2% | 0.8% |
| Operating cash flow / net income | 4.84 | 147.50 | 26.94 | 5.89 | 0.44 | — | — | — | — | −12.32 | — | −1.00 |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported; data from EODHD.
FNWB cash generation
In fiscal 2025 (ended December 31, 2025), First Northwest Bancorp generated -$2.8 million of cash from operations (down 116.3%) and spent $0 on capital expenditures, leaving free cash flow of -$2.8 million, −2.6% of revenue. It returned $1.4 million to shareholders through dividends ($1.3 million) and net share buybacks ($0.1 million). Cash and equivalents rose by $0.3 million over the year.
Related: FNWB income statement, FNWB balance sheet, FNWB dividend history. See the FNWB stock overview for the latest quote and news.
FNWB cash flow FAQ
What is First Northwest Bancorp's free cash flow?
First Northwest Bancorp's free cash flow was -$2.8 million in fiscal 2025: -$2.8 million of operating cash flow minus $0 of capital expenditures It was $16.9 million a year earlier..
How much cash does First Northwest Bancorp generate from operations?
First Northwest Bancorp generated -$2.8 million of cash from operating activities in fiscal 2025.
How much stock does First Northwest Bancorp buy back?
First Northwest Bancorp spent $0.1 million on net share repurchases in fiscal 2025.
How much does First Northwest Bancorp pay in dividends?
First Northwest Bancorp paid $1.3 million in dividends in fiscal 2025.