First Northern Q3 net income $4.6M ($0.33/diluted); loans ex-PPP up 28.8% YoY

FIRST NORTHERN COMMUNITY BANCORP

2022-Q3 EPS reported $0.80

Q3 2022 net income of $4.6M ($0.33/diluted), up 1.3% from $4.5M ($0.32/diluted) in Q3 2021.
Nine-month 2022 net income $11.2M ($0.80/diluted), up 1.5% from $11.0M ($0.77/diluted) prior year.
Net loans ex-PPP grew $217.1M (28.8%) YoY; total net loans $971.2M at Sep 30, 2022, up 17.6%.
Provision for loan loss $300K in Q3 vs reversal of $1.8M in Q3 2021, driven by loan growth.
Total assets $1.93B, deposits $1.80B; bank remains well-capitalized per regulatory thresholds.

item 2.02 item 9.01 item 7.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

FIRST NORTHERN COMMUNITY BANCORP reported quarter ended September 30, 2022 results: net income $4.6 million, EPS $0.33 per diluted share.

Period: quarter ended September 30, 2022
Net income: $4.6 million
EPS: $0.33 per diluted share
Result: reported results

Exact text from the filing

Net income for the quarter ended September 30, 2022 was $4.6 million, or $0.33 per diluted share, up 1.3% compared to net income of $4.5 million, or $0.32 per diluted share, for the quarter ended September 30, 2021.

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Source: SEC EDGAR

accession 0001114927-22-000018

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