---
schema_version: "secwatch.filing_event.v1"
accession: "0001114927-23-000011"
form_type: "8-K"
ticker: "FNRN"
cik: "0001114927"
company_name: "FIRST NORTHERN COMMUNITY BANCORP"
filed_at: "2023-04-28T23:59:59+00:00"
generated_at: "2026-06-16T06:10:39.552031+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# First Northern Q1 record net income $5.5M, up 80.5% YoY; branch acquisition boosts results

## Summary
- Net income $5.5M ($0.38 diluted EPS) vs $3.0M ($0.21) a year ago; EPS up 81%.
- Net interest income rose 37.3% to $16.0M; net interest margin improved to 3.55% from 3.48% linked quarter.
- Acquired three branches from Columbia State Bank, assuming $115.9M deposits; $1.4M bargain purchase gain ($0.07/share after tax).
- Total assets $1.90B (+1.9% YoY); net loans $974.6M (+11.5% YoY); deposits $1.75B (+2.1% YoY).
- Paid 5% stock dividend on March 24, 2023; remains well-capitalized above 10% risk-based capital threshold.

## SEC filing metadata
- accession: 0001114927-23-000011
- form_type: 8-K
- ticker: FNRN
- cik: 0001114927
- company_name: FIRST NORTHERN COMMUNITY BANCORP
- filed_at: 2023-04-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1114927/000111492723000011/0001114927-23-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1114927/000111492723000011/form8_k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001114927-23-000011
- JSON: https://secwatch.observer/filing/0001114927-23-000011.json
- Plain text: https://secwatch.observer/filing/0001114927-23-000011.txt

## Key facts
- Earnings Releases
  FIRST NORTHERN COMMUNITY BANCORP reported three months ended March 31, 2023 results: net income $5.5 million, EPS $0.38 per diluted share.
  - Period: three months ended March 31, 2023
  - Net income: $5.5 million
  - EPS: $0.38 per diluted share
  - Result: reported results
  source text: First Northern Community Bancorp Reports First Quarter 2023 Record Net Income of $5.5 Million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1114927/000111492723000011/0001114927-23-000011-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.