earnings
confidence high
sentiment neutral
materiality 0.50
First Northern Community Bancorp Q1 net income $3.0M, down 4.3% YoY; EPS flat at $0.22
FIRST NORTHERN COMMUNITY BANCORP
2022-Q1 EPS reported
$0.22
- Net income $3.0M ($0.22 diluted EPS) vs $3.2M ($0.22) in Q1 2021, down 4.3%.
- Total assets $1.87B (+4.9% YoY); deposits $1.72B (+6.8%).
- Net loans $874.4M (-8.0% YoY) due to PPP forgiveness; ex-PPP loans grew 14.9%.
- Paid 5% stock dividend on March 25, 2022 to shareholders of record Feb 28.
- Well capitalized with total risk-based capital >10% threshold.