First Northern Community Bancorp Reports Record Year End 2023 Net Income of $21.6 Million
FIRST NTHN COMMUNTY BNCRP (FNRN)
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Company Research
Source: Business Wire
5% Stock Dividend Declared 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 2023 annual net income of $21.6 million, or $1.41 per diluted share, increases of 35.7% and 35.6%, respectively, when compared to net income of $15.9 million, or $1.04 per diluted share, for 2022. Net income for the year included the bargain purchase gain resulting from our branch acquisition 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 year ended December 31, 2023.Net income for the quarter ended December 31, 2023 totaled $6.9 million, or $0.45 per diluted share, compared to net income of $4.7 million, or $0.31 per diluted share, for the quarter ended December 31, 2022. The increase in net income on a quarter over quarter basis was largely driven by the reversal of provision for credi
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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 Community Bancorp Reports First Quarter 2024 Net Income of $4.3 MillionBusiness Wire
- 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
FNRN
Sec Filings
- 4/30/24 - Form 8-K
- 4/11/24 - Form DEF
- 4/4/24 - Form 8-K
- FNRN's page on the SEC website