FNRN Research | Milton Maxwell

FNRN

First Northern Community Bancorp

13.46

+0.00+0%

Dec 16, 4:00:00 PM EST

Upcoming Earnings

Report date

≈ -/-

Earnings Call Transcripts

This Quarter (Q4 '25)

No earnings call transcript available yet

Last Quarter (Q3 '25)

No earnings call transcript available

Key Stats

Market Cap

212.41M

P/E (TTM)

11.22

Basic EPS (TTM)

1.20

Dividend Yield

Recent Filings

8-K

Q4 net income up 2.3%

1/30/26Jan 30, 2026

First Northern Community Bancorp posted Q4 2025 net income of $6.0 million, up 2.3% from Q4 2024, with net interest margin expanding to 3.85% from 3.60% on higher loan yields and disciplined deposit costs. Full-year net income hit $21.1 million, boosting book value per share to $12.92, up 22.6%. Board declared 5% stock dividend, payable March 25, 2026. Equity grew 20.2%.

8-K

Bylaws amended for director flexibility

1/27/26Jan 27, 2026

First Northern Community Bancorp amended its bylaws on January 22, 2026, to allow directors to serve with finance companies via two-thirds board approval. This exception revises prior restrictions in Section 22. Flexibility enhanced. No financial impact disclosed.

8-K

Appoints acquisition expert Servat

1/27/26Jan 27, 2026

First Northern Community Bancorp appointed Jean-Luc Servat to its Board of Directors, effective February 1, 2026. The veteran banker, founder of Panoramic Capital Advisors, brings 45 years of experience in banking acquisitions totaling over $2.6B and capital raises exceeding $70B. His expertise bolsters oversight for organic growth and strategic deals. Forward-looking growth plans carry execution risks.

8-K

Exec retention deals signed

1/12/26Jan 12, 2026

First Northern Community Bancorp entered retention agreements on January 6, 2026, with CFO Kevin Spink and Chief Credit Officer Brett Hamilton. Spink's performance-based award vests fully at age 65 or upon termination without cause, death, disability, or change in control. Hamilton's SERP offers a $50,000 minimum annual benefit post-58, with extra service credits after 60 and enhanced change-in-control protections. Retention secured. Yet executives stay till 65.

10-Q

Q3 FY2025 results

11/7/25Nov 7, 2025

First Northern Community Bancorp posted solid Q3 results, with net income climbing 9.6% year-over-year to $6.0M, or $0.38 diluted EPS—up 11.8%—fueled by a 2.1% rise in net interest income to $16.8M and a net interest margin expansion to 3.75% from 3.65%, while non-interest income edged up 7.8% on merchant fees and bank-owned life insurance gains. Year-to-date, net income grew 6.8% to $15.2M, or $0.96 diluted EPS (up 9.0%), with net interest income up 4.0% to $49.7M at a 3.75% margin (derived), though provision for credit losses jumped to $0.9M from $0.2M amid rising loans and negative economic forecasts. Loans held steady at $1.06B, up 0.9% quarter-over-quarter, while deposits dipped 0.8% to $1.69B; cash swelled 25.2% to $149.5M, bolstering liquidity with no debt outstanding. Non-GAAP metrics not disclosed in the 10-Q. Tariffs could squeeze agricultural borrowers, a key segment.

About

First Northern Community Bancorp operates as the bank holding company for First Northern Bank of Dixon that provides commercial banking products and services to individuals, and small and medium sized businesses. The company accepts demand deposits, interest-bearing transaction deposits, savings and money market deposit accounts, and time deposits. It also offers commercial, commercial real estate, agriculture, residential mortgage, residential construction, and consumer loans. In addition, the company provides debit and credit cards; investment and brokerage services; alternative investment products, and fiduciary and other financial services; and equipment leasing, merchant card processing, payroll, and international banking services through third parties. Further, it offers cashier's checks, safe deposit boxes, and other customary banking services. The company operates branches located in the cities of Auburn, Colusa, Davis, Dixon, Fairfield, Orland, Rancho Cordova, Roseville, Sacramento, Vacaville, West Sacramento, Winters, Willows, and Woodland; satellite banking office inside a retirement community in the city of Davis; and residential mortgage loan office in Davis. First Northern Community Bancorp was founded in 1910 and is headquartered in Dixon, California.

CEO

Mr. Jeremiah Z. Smith

IPO

1/5/1999

Website

https://www.thatsmybank.com

Employees

187

Sector

Financial Services

Industry

Banks - Regional