First Northern Community Bancorp reports record 2022 net income of $15.9M, up 12%; declares 5% stock dividend

FIRST NORTHERN COMMUNITY BANCORP

2022-FY EPS reported $1.09

Record annual net income $15.9M ($1.09 diluted EPS) vs $14.2M ($0.95) in 2021, increases of 12% and 14.7% respectively.
Q4 2022 net income $4.7M ($0.33 diluted) vs $3.2M ($0.22) in Q4 2021, driven by higher net interest income.
Net interest income record $54.7M, up 18.2% YoY; net interest margin 3.06%, up 44 bps from 2.62%.
Net loans grew 13.6% (18.8% ex-PPP) to $970.1M; total assets $1.87B, down 1.5% from year-end 2021.
Board declared 5% stock dividend payable March 24, 2023 to holders of record February 28, 2023.

item 2.02 item 9.01 item 7.01 item 8.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

FIRST NORTHERN COMMUNITY BANCORP reported the year ended December 31, 2022 results: net income $15.9 million, EPS $1.09 per diluted share.

Period: the year ended December 31, 2022
Net income: $15.9 million
EPS: $1.09 per diluted share
Result: reported results

Exact text from the filing

First Northern Community Bancorp (the “Company”, OTCQB: FNRN), holding company for First Northern Bank (“First Northern” or the “Bank”), today reported 2022 annual net income of $15.9 million, or $1.09 per diluted share

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

FIRST NORTHERN COMMUNITY BANCORP reported the quarter ended December 31, 2022 results: net income $4.7 million, EPS $.33 per diluted share.

Period: the quarter ended December 31, 2022
Net income: $4.7 million
EPS: $.33 per diluted share
Result: reported results

Exact text from the filing

Net income for the quarter ended December 31, 2022 totaled $4.7 million, or $.33 per diluted share

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Source: SEC EDGAR

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