LIBERTY NORTHWEST BANCORP - LBNW STOCK NEWS

Liberty Northwest Bancorp (OTCQX: LBNW) reported Q2 2024 earnings of $7,000, down from $18,000 in Q2 2023. The company completed a $1.2 million Preferred Stock issuance to strengthen its capital position and support growth. Key highlights include:

- Total assets: $190.8 million
- Net loans: $143.2 million (3% YoY increase)
- Net interest income: $1.05 million
- Net interest margin: 2.45%
- Total deposits: $145.8 million (4% increase)
- Tangible book value per share: $7.79

The company's asset quality remains strong, with a $90,000 reversal to credit loss provisions. Despite challenges from high interest rates, LBNW's deposit mix is improving, helping stabilize the net interest margin.

Liberty Northwest Bancorp, Inc. reported earnings of $15 thousand for the first quarter of 2024, compared to $1 thousand in the previous quarter and $9 thousand a year ago. Total assets were $186.8 million, with zero nonperforming assets. Net interest income was $1.05 million with a net interest margin of 2.42%. Total deposits increased to $140.5 million. Tangible book value per share rose to $7.74. The company's net interest margin contracted, but improvement is anticipated. Non-interest income was $73 thousand, and noninterest expense decreased by 4%. Capital ratios exceed regulatory requirements.

Liberty Northwest Bancorp, Inc. (LBNW) reported total assets of $184.7 million at year-end, with zero nonperforming assets. Net interest income for the fourth quarter was $1.07 million, and $4.44 million for the year. Total deposits increased modestly to $142.2 million. Net income for the fourth quarter was $1 thousand, compared to $6 thousand in the previous quarter. The company's net interest margin was 2.48% for the fourth quarter. Non-interest income increased by 75% year-over-year to $78 thousand for the fourth quarter. Total noninterest expense was $1.22 million for the fourth quarter, with a total risk-based capital ratio at 15.09% at quarter end.

Liberty Northwest Bancorp, Inc. and its subsidiary Liberty Bank reported earnings of $6 thousand for Q3 2023, compared to $18 thousand in Q2 2023 and $187 thousand in Q3 2022. Total assets increased to $188.3 million. Net interest margin was 2.64% for Q3 2023. Total deposits increased to $143.1 million. Tangible book value per share increased to $7.71.

Liberty Northwest Bancorp (OTCQX: LBNW) reported fourth-quarter net income of $136 thousand, a significant recovery from a $135 thousand loss a year prior. For 2022, net income rose to $526 thousand, a 139% increase. Total assets grew 10.2% to $193 million, although total loans decreased 0.9% in Q4 but increased 21.2% year-over-year. Net interest margin was 3.11% for Q4, down from 3.35% in Q3. Total deposits fell 6.3% to $141.8 million amid competitive deposit pricing. Nonperforming assets improved to 0.34% of total assets, and total noninterest expense decreased 16.8% year-over-year.

Liberty Northwest Bancorp (LBNW) reported a net income of $187K, or $0.11 per share, for Q3 2022, marking a 16% increase year-over-year. Total assets stood at $186.2M, with total loans up 0.8% in Q3 and 12.4% year-over-year. While nonperforming assets improved to 0.36%, total deposits decreased by 5.0% from Q2 2022. The company achieved a net interest margin of 3.35% in Q3, reflecting higher yields. Operating expenses were reduced by 15.6% year-over-year to $1.23M, leading to an improved efficiency ratio of 80.4%.

Liberty Northwest Bancorp reported a net income of $165,000 for Q2 2022, a 122% rise from the previous year. Total assets grew to $186 million, with a 9.6% increase in loans and a 1.7% rise in deposits. Non-performing assets stabilized at 0.63% of total assets. The company saw a net interest margin of 3.28%. Non-interest income fell to $36,000, while non-interest expenses decreased by 17.8%. The efficiency ratio improved to 80.8%. The tangible book value per share was $7.45. CEO Rick Darrow highlighted loan growth and preparedness for potential future interest rate increases.