FNWB ALERT: Levi & Korsinsky Reminds Investors of an Investigation Involving Possible Securities Fraud Violations by First Northwest Bancorp
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Levi & Korsinsky has initiated an investigation into First Northwest Bancorp (NASDAQ:FNWB) for potential securities fraud. FNWB disclosed that its Q2 2024 financial results are unreliable due to $6.6 million in charge-offs and increased consumer loan provisions.
November 14, 2024 | 12:45 pm
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First Northwest Bancorp is under investigation for potential securities fraud after announcing unreliable Q2 2024 financial results due to $6.6 million in charge-offs and increased loan provisions.
The investigation into potential securities fraud and the unreliability of financial results are likely to negatively impact FNWB's stock price. The $6.6 million in charge-offs and increased loan provisions suggest financial instability, which could erode investor confidence.
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