SCHEDULE: FMR LLC Reports 5% Stake in First Northwest Bancorp

FMR LLC, along with Abigail P. Johnson, has filed a Schedule 13G indicating beneficial ownership of 5.0% of First Northwest Bancorp's common stock as of March 31, 2026.

Summary

• FMR LLC and Abigail P. Johnson have jointly filed a Schedule 13G, reporting beneficial ownership of 471,129 shares of First Northwest Bancorp's common stock.
• This ownership stake represents 5.0% of the class of securities.
• The filing indicates that FMR LLC has sole voting power and sole dispositive power over these shares.
• Abigail P. Johnson is identified as a Director, Chairman, and CEO of FMR LLC, and members of the Johnson family are predominant owners of FMR LLC.
• The filing is an amendment (Amendment No. 10) to a previous filing, with the date of the event requiring this filing being March 31, 2026.
• The reporting persons certify that the securities were acquired and are held in the ordinary course of business and not for the purpose of influencing control of the issuer.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral; it's a standard disclosure of beneficial ownership and does not provide performance data or strategic updates that would indicate a positive or negative sentiment.

Positives

• FMR LLC, a significant investment management firm, has taken a notable stake in First Northwest Bancorp, potentially signaling confidence in the company's future.
• The reporting persons hold sole voting and dispositive power, indicating clear control over their investment decisions regarding these shares.

Negatives

• The filing does not contain any information that would be considered negative in terms of company performance or outlook, as it is a disclosure of beneficial ownership.

Risks

• While not explicitly stated as risks, the concentration of 5.0% ownership by a single entity could be a factor in future corporate governance discussions or potential strategic shifts.
• The filing mentions that other persons have the right to receive or the power to direct dividends or sale proceeds, but no single other person holds more than five percent, mitigating some concentration risk.

Future Outlook

The filing itself is a disclosure of current ownership and does not contain forward-looking statements or guidance regarding First Northwest Bancorp's future performance.

Management Comments

• "This filing reflects the securities beneficially owned, or that may be deemed to be beneficially owned, by FMR LLC, certain of its subsidiaries and affiliates, and other companies (collectively, the 'FMR Reporters')."
• "The Johnson family group and all other Series B shareholders have entered into a shareholders' voting agreement under which all Series B voting common shares will be voted in accordance with the majority vote of Series B voting common shares."
• "Accordingly, through their ownership of voting common shares and the execution of the shareholders' voting agreement, members of the Johnson family may be deemed, under the Investment Company Act of 1940, to form a controlling group with respect to FMR LLC."
• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect..."

Industry Context

StockSavvy.ai notes that Schedule 13G filings are common for institutional investors crossing the 5% ownership threshold. FMR LLC's filing indicates a significant investment in First Northwest Bancorp, a regional bank, aligning with broader trends of institutional capital allocation within the financial sector.

Corporate Governance

Related Party Transactions

• The filing details the relationship between FMR LLC, Abigail P. Johnson, and other entities within the FMR reporting group, including FIAM LLC and Fidelity Management & Research Company LLC, indicating internal organizational structure and potential inter-company relationships.

Stakeholder Impact

• Shareholders: The filing informs shareholders about a significant institutional investor's stake, which can influence market perception and trading activity.
• Management of First Northwest Bancorp: Awareness of FMR LLC's 5.0% ownership may inform strategic decisions and investor relations efforts.
• FMR LLC Shareholders: The filing confirms the ongoing investment activities managed by FMR LLC on behalf of its clients and owners.

Next Steps

• FMR LLC and Abigail P. Johnson will continue to hold their beneficial ownership of First Northwest Bancorp's common stock.
• Future filings will be made if ownership levels change significantly or if the nature of the holding changes.

Key Dates

Keywords

Schedule 13G, FMR LLC, Abigail P. Johnson, First Northwest Bancorp, Beneficial Ownership, Common Stock, Investment Management, SEC Filing, 5% Stake