Estados financieros detallados de First Northwest Bancorp (FNWB): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
First Northwest Bancorp registró ingresos de $107.2M en el último ejercicio fiscal, con un CAGR de 5 años del 9.7%.
Márgenes de los últimos 12 meses: margen bruto 56.0%, margen operativo 0.3%, margen neto 1.5%.
Al precio actual de $9.93, FNWB cotiza a un P/E de 61.24 y un ROE del 0.96%. La capitalización bursátil es de $94M.
Cuenta de Resultados (10 años)
| Año | 2017 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $43.0M | $46.6M | $51.7M | $56.3M | $67.5M | $79.3M | $90.7M | $104.9M | $117.0M | $107.2M |
| Coste de Ventas | $6.4M | 0 | $10.2M | $12.1M | $12.8M | $6.7M | $12.1M | $40.8M | $72.5M | $56.5M |
| Beneficio Bruto | $36.6M | $46.6M | $41.5M | $44.1M | $54.8M | $72.6M | $78.7M | $64.1M | $44.5M | $50.7M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $21.6M | $28.2M | $23.8M | $23.7M | $32.0M | $37.5M | $41.5M | $36.7M | $37.3M | $19.5M |
| Gastos Operativos | $29.8M | $28.2M | $32.8M | $33.0M | $41.5M | $54.4M | $62.3M | $61.5M | $52.1M | $56.5M |
| Beneficio Operativo | $6.8M | $7.3M | $8.7M | $11.1M | $13.3M | $18.2M | $16.3M | $2.7M | -$7.6M | -$5.9M |
| EBITDA | $8.3M | $8.6M | $10.2M | $12.7M | $14.9M | $19.7M | $18.4M | $4.3M | -$6.1M | -$5.2M |
| Gastos por Intereses | $5.2M | 0 | $9.0M | $11.4M | $7.7M | $5.4M | $10.5M | $39.5M | $56.0M | $49.7M |
| Beneficio Antes de Impuestos | $6.8M | $7.4M | $8.7M | $11.1M | $13.3M | $18.2M | $16.3M | $2.7M | -$7.6M | -$5.9M |
| Impuestos | $1.7M | $4.1M | $1.6M | $2.1M | $3.0M | $3.2M | $2.8M | $549000 | -$944000 | -$1.7M |
| Beneficio Neto | $5.1M | $3.3M | $7.1M | $9.0M | $10.3M | $15.4M | $15.6M | $2.3M | -$6.6M | -$4.2M |
| BPA | $0.46 | $0.31 | $0.69 | $0.92 | $1.11 | $1.63 | $1.71 | $0.26 | $-0.75 | $-0.48 |
| BPA Diluido | $0.46 | $0.31 | $0.68 | $0.91 | $1.10 | $1.62 | $1.71 | $0.25 | $-0.75 | $-0.48 |
| Acciones en Circulación (Diluidas) | $11.2M | $10.7M | $10.4M | $9.9M | $9.4M | $9.2M | $9.1M | $8.9M | $8.8M | $9.6M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $28.9M | $18.4M | $27.3M | $27.5M |
| Beneficio Bruto | $17.2M | $6.9M | $16.4M | $16.7M |
| Beneficio Operativo | -$146000 | $483000 | -$314000 | $325000 |
| EBITDA | -$109000 | $798000 | $4000 | $325000 |
| Beneficio Neto | $802000 | $382000 | $6000 | $308000 |
| BPA | $0.09 | $0.04 | $0.00 | $0.03 |
| BPA Diluido | $0.09 | $0.04 | $0.00 | $0.03 |
Balance (10 años)
| Año | 2017 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $24.3M | $26.7M | $26.3M | $48.7M | $65.2M | $126.0M | $45.6M | $123.2M | $72.4M | $85.1M |
| Inversiones a Corto | $228.6M | 0 | $263.0M | $315.6M | $364.3M | $344.2M | $326.6M | $295.6M | $340.3M | $5.6M |
| Cuentas por Cobrar | $3.0M | 0 | $4.0M | $3.9M | $7.0M | $5.3M | $6.7M | $7.9M | $8.2M | $6.5M |
| Inventario | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $261.9M | $40.6M | $298.9M | $377.1M | $447.4M | $496.1M | $407.2M | $426.7M | $421.0M | $97.2M |
| Inmovilizado Material | $13.2M | $13.7M | $15.3M | $14.3M | $14.8M | $19.8M | $18.1M | $24.1M | $27.1M | $24.1M |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 | $1.2M | $1.1M | $1.1M | $1.1M | $1.1M |
| Activos Intangibles | $986000 | $1.1M | $1.0M | $871000 | $2.1M | $3.3M | $3.9M | $3.8M | $3.3M | $3.0M |
| Activos Totales | $1.09B | $1.22B | $1.26B | $1.31B | $1.65B | $1.92B | $2.04B | $2.20B | $2.23B | $2.11B |
| Cuentas por Pagar | $208000 | 0 | $521000 | $373000 | $53000 | $393000 | $455000 | $3.4M | $3.3M | $1.2M |
| Deuda a Corto | 0 | $84.1M | $76.6M | $62.9M | $60.0M | 0 | $166.0M | $201.5M | $136.5M | $113.5M |
| Pasivos Corrientes | $831.4M | $354.5M | $1.03B | $1.08B | $1.42B | $1.61B | $1.76B | $1.88B | $1.83B | $1.71B |
| Deuda a Largo | $77.4M | $60.0M | $60.0M | $50.0M | $50.0M | $119.3M | $119.4M | $119.4M | $199.5M | $194.6M |
| Pasivos Totales | $910.0M | $1.04B | $1.09B | $1.13B | $1.47B | $1.73B | $1.88B | $2.04B | $2.08B | $1.95B |
| Reservas | $77.5M | $78.6M | $81.6M | $86.2M | $92.7M | $103.0M | $114.4M | $107.3M | $97.2M | $91.7M |
| Patrimonio Neto | $177.7M | $177.0M | $172.3M | $176.9M | $186.4M | $191.0M | $161.6M | $163.3M | $153.9M | $157.3M |
| Deuda Total | $77.4M | $144.1M | $136.6M | $112.9M | $110.0M | $119.3M | $285.4M | $327.4M | $353.5M | $324.6M |
| Deuda Neta | -$175.5M | $117.4M | -$152.7M | -$251.4M | -$319.5M | -$350.9M | -$86.8M | -$91.4M | -$59.2M | $233.9M |
| Capital Circulante | -$569.5M | -$313.9M | -$726.5M | -$702.2M | -$969.5M | -$1.11B | -$1.36B | -$1.46B | -$1.41B | -$1.62B |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $79.2M | $85.1M | $104.1M | $14.6M |
| Activos Totales | $2.11B | $2.11B | $2.13B | $2.12B |
| Pasivos Totales | $1.96B | $1.95B | $1.98B | $1.97B |
| Patrimonio Neto | $154.5M | $157.3M | $157.0M | $158.3M |
| Deuda Total | $275.7M | $324.6M | $344.4M | $329.2M |
Flujo de Caja (10 años)
| Año | 2017 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | $5.1M | $3.3M | $7.1M | $9.0M | $10.3M | $15.0M | $13.5M | $2.1M | -$6.6M | -$4.2M |
| Amortizaciones | $1.5M | $1.2M | $1.6M | $1.6M | $1.7M | $1.5M | $2.1M | $1.6M | $1.4M | $1.3M |
| Compensación en Acciones | $1.7M | $1.9M | $1.9M | $1.9M | $1.8M | $3.0M | $2.3M | $2.1M | $1.6M | $1.2M |
| Cambio en Capital Circulante | -$7.5M | $326000 | -$30000 | $2.2M | $4.9M | -$7.2M | -$2.2M | $5.4M | $6.1M | -$2.9M |
| Flujo de Caja Operativo | $1.1M | $5.2M | $13.3M | $14.1M | $13.3M | $15.2M | $15.9M | $17.9M | $16.9M | -$2.8M |
| Inversiones (CapEx) | -$956000 | -$1.1M | -$2.8M | -$426000 | -$1.8M | -$6.0M | -$2.9M | -$1.6M | 0 | 0 |
| Adquisiciones | 0 | 0 | 0 | 0 | 0 | $63.5M | 0 | 0 | 0 | $417000 |
| Recompra de Acciones | -$16.5M | -$2.2M | -$10.0M | -$7.8M | -$7.4M | -$6.0M | -$5.4M | -$1.1M | -$4.1M | -$113000 |
| Dividendos Pagados | 0 | 0 | -$335000 | -$1.4M | -$2.2M | -$2.5M | -$2.8M | -$2.7M | -$2.6M | -$1.3M |
| Flujo de Caja Libre | $179000 | $4.2M | $10.5M | $13.7M | $11.4M | $9.1M | $13.0M | $16.3M | $16.9M | -$2.8M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $4.7M | $10.3M | $885000 | $1.5M |
| Inversiones (CapEx) | 0 | 0 | -$445000 | -$858000 |
| Flujo de Caja Libre | $4.7M | $10.3M | $440000 | $634000 |
| Dividendos Pagados | -$18000 | -$1000 | 0 | 0 |
| Compensación en Acciones | $228000 | $323000 | $233000 | 0 |
Crecimiento y Márgenes (10 años)
| Año | 2017 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +8.4% | +10.8% | +8.9% | +20.0% | +17.4% | +14.4% | +15.7% | +11.5% | -8.4% |
| Crecimiento Beneficio Neto (anual) | | -35.2% | +114.1% | +26.9% | +14.7% | +49.1% | +1.5% | -85.4% | -389.3% | +36.6% |
| Crecimiento BPA (anual) | | -32.6% | +122.6% | +33.3% | +20.7% | +46.8% | +4.9% | -84.8% | -388.5% | +36.0% |
| Cambio en Acciones (anual) | | -4.2% | -2.5% | -4.9% | -5.2% | -1.8% | -0.9% | -2.2% | -2.1% | +9.1% |
| Crecimiento FCF (anual) | | +2227.4% | +151.9% | +30.2% | -16.3% | -20.1% | +42.2% | +25.5% | +3.5% | -116.3% |
| Margen Bruto | 85.1% | 100.0% | 80.3% | 78.5% | 81.1% | 91.5% | 86.7% | 61.1% | 38.0% | 47.3% |
| Margen Operativo | 15.8% | 15.6% | 16.8% | 19.7% | 19.7% | 22.9% | 18.0% | 2.5% | -6.5% | -5.5% |
| Margen EBITDA | 19.2% | 18.4% | 19.7% | 22.5% | 22.1% | 24.9% | 20.3% | 4.1% | -5.2% | -4.8% |
| Margen Neto | 11.9% | 7.1% | 13.8% | 16.0% | 15.3% | 19.4% | 17.2% | 2.2% | -5.7% | -3.9% |
| Margen FCF | 0.4% | 8.9% | 20.3% | 24.3% | 16.9% | 11.5% | 14.3% | 15.5% | 14.4% | -2.6% |
| Tasa Impositiva Efectiva | 24.5% | 55.2% | 18.1% | 18.7% | 22.2% | 17.6% | 17.4% | 20.5% | 12.5% | 28.6% |
Datos por Acción (10 años)
| Año | 2017 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $0.02 | $0.39 | $1.01 | $1.38 | $1.22 | $0.99 | $1.42 | $1.82 | $1.93 | $-0.29 |
| Dividendo por Acción | $0.00 | $0.00 | $0.03 | $0.14 | $0.23 | $0.27 | $0.30 | $0.30 | $0.30 | $0.14 |
| Acciones en Circulación (Básicas) | $11.1M | $10.6M | $10.3M | $9.8M | $9.3M | $9.1M | $9.1M | $8.9M | $8.8M | $9.6M |
Qué mirar en empresas de Financial Services
- Efficiency Ratio (≤55%) — Gastos operativos / ingresos. Bancos top por debajo del 55%.
- ROA (≥1%) — Cuánto ganan por cada euro de activos. En banca el ROE engaña por el apalancamiento.
- ROTCE (≥12%) — Rentabilidad sobre Capital Tangible. Descuenta goodwill e intangibles.
- Capital / Activos (proxy Tier 1) (≥8%) — Proxy del ratio de capital. FMP no expone Tier 1 regulatorio directo.
- P/B (1,0-1,5x) — Métrica clásica bancaria. <1x puede ser oportunidad o distress.
- Rentabilidad por dividendo sostenible (≥2%, <8%) — Bancos UE pagan 5-7% sin estrés. >8% es señal de distress.
Rentabilidad
| Rentabilidad sobre capital | 0.96% |
| Rentabilidad sobre capital invertido | 0.02% |
| Rentabilidad sobre activos | 0.07% |
| Margen bruto | 56.02% |
| Margen operativo | 0.34% |
| Margen neto | 1.47% |
Salud financiera
| Deuda / Patrimonio | 2.08 |
| Ratio corriente | 6.04 |
Ratios Clave (10 años)
| Año | 2017 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | 34.28 | 52.61 | 21.49 | 19.71 | 14.05 | 12.39 | 8.98 | 61.31 | -13.60 | -19.54 |
| P/VC | 0.98 | 0.98 | 0.89 | 1.01 | 0.78 | 0.97 | 0.86 | 0.87 | 0.58 | 0.57 |
| P/V | 4.07 | 3.71 | 2.97 | 3.17 | 2.15 | 2.33 | 1.54 | 1.35 | 0.76 | 0.84 |
| Margen Bruto | 85.1% | 100.0% | 80.3% | 78.5% | 81.1% | 91.5% | 86.7% | 61.1% | 38.0% | 47.3% |
| Margen Operativo | 15.8% | 15.6% | 16.8% | 19.7% | 19.7% | 22.9% | 18.0% | 2.5% | -6.5% | -5.5% |
| Margen Neto | 11.9% | 7.1% | 13.8% | 16.0% | 15.3% | 19.4% | 17.2% | 2.2% | -5.7% | -3.9% |