secwatch.observer — SEC 8-K summary
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Issuer:     FIRST NORTHERN COMMUNITY BANCORP (FNRN)
CIK:        0001114927
Form:       8-K
Filed at:   2023-01-30T23:59:59+00:00
Accession:  0001114927-23-000004
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01, 7.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1114927/000111492723000004/0001114927-23-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1114927/000111492723000004/form8_k.htm
  HTML page:      https://secwatch.observer/filing/0001114927-23-000004

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