secwatch.observer — SEC 8-K summary
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Issuer:     FIRST NORTHERN COMMUNITY BANCORP (FNRN)
CIK:        0001114927
Form:       8-K
Filed at:   2021-10-28T23:59:59+00:00
Accession:  0001114927-21-000016
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

First Northern Community Bancorp Q3 net income $4.5M, up 31.7% YoY; EPS $0.33 vs $0.25
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- Net income $4.5M in Q3 2021, up 31.7% from $3.4M in Q3 2020; diluted EPS $0.33 vs $0.25.
- Nine-month net income $11.0M, up 24.8% from $8.8M; diluted EPS $0.81 vs $0.65.
- Total assets $1.92B (+14.7% YoY); deposits $1.75B (+16.7% YoY); net loans $825.6M (-14.9% YoY) due to PPP loan forgiveness.
- Reversal of provision for loan losses of $1.8M in Q3 vs provision of $0.8M a year ago, reflecting improved credit quality.
- Company remains well capitalized with total risk-based capital ratio exceeding 10% threshold.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1114927/000111492721000016/0001114927-21-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1114927/000111492721000016/form8_k.htm
  HTML page:      https://secwatch.observer/filing/0001114927-21-000016

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