First Northern Community Bancorp Reports First Quarter 2024 Net Income of $4.3 Million
FIRST NTHN COMMUNTY BNCRP (FNRN)
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Company Research
Source: Business Wire
DIXON, Calif.--(BUSINESS WIRE)--First Northern Community Bancorp (the “Company”, OTCQX: FNRN), holding company for First Northern Bank (“First Northern” or the “Bank”), today reported net income of $4.3 million, or $0.28 per diluted share, for the three months ended March 31, 2024, down 22.1% compared to net income of $5.5 million, or $0.36 per diluted share, for the three months ended March 31, 2023.Net income for the three months ended March 31, 2023, included the bargain purchase gain resulting from our acquisition of three branches completed in the first quarter of 2023. On an after-tax basis, the bargain purchase gain contributed $1.0 million to net income for the three months ended March 31, 2023, or $0.07 per share.Total assets as of March 31, 2024, were $1.89 billion, a decrease of $16.2 million, or 0.9%, compared to March 31, 2023. Total deposits as of March 31, 2024, were $1.71 billion, a decrease of $42.2 million, or 2.4%, compared to March 31, 2023. Total net loans (in
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News
- First Northern Community Bancorp Reports First Quarter 2024 Net Income of $4.3 Million [Yahoo! Finance]Yahoo! Finance
- First Northern Bank Promotes Human Resources Director to Chief Human Resources Officer [Yahoo! Finance]Yahoo! Finance
- First Northern Bank Promotes Human Resources Director to Chief Human Resources OfficerBusiness Wire
- First Northern Bank Hires Seasoned Banker as Chief Credit Officer [Yahoo! Finance]Yahoo! Finance
- First Northern Bank Hires Seasoned Banker as Chief Credit OfficerBusiness Wire
FNRN
Sec Filings
- 5/20/24 - Form 8-K
- 4/30/24 - Form 8-K
- 4/11/24 - Form DEF
- FNRN's page on the SEC website