First Northern Q3 net income $4.6M; YTD net income up 31.5% to $14.7M

FIRST NORTHERN COMMUNITY BANCORP

2023-Q3 EPS reported $1.01

Net income $4.6M in Q3 2023 ($0.32 diluted EPS), flat vs Q3 2022 ($0.31 EPS).
Nine-month net income $14.7M ($1.01 diluted EPS) up 31.5% from $11.2M ($0.77) in 2022; includes $1.0M bargain purchase gain from Q1 acquisition.
Total assets $1.90B, down 1.6% YoY; deposits $1.75B, down 3.0%; net loans $1.0B, up 6.8%.
Non-performing assets decreased 31% vs same period 2022.
Company remains 'well capitalized' with total risk-based capital ratio above 10%.

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 0.9

FIRST NORTHERN COMMUNITY BANCORP reported the quarter ended September 30, 2023 results: net income Net income for the quarter ended September 30, 2023 was $4.6 million, or $0.32 per diluted share, EPS $0.32 per diluted share.

Period: the quarter ended September 30, 2023
Net income: Net income for the quarter ended September 30, 2023 was $4.6 million, or $0.32 per diluted share
EPS: $0.32 per diluted share
Result: reported results

Exact text from the filing

Net income for the quarter ended September 30, 2023 was $4.6 million, or $0.32 per diluted share, compared to net income of $4.6 million, or $0.31 per diluted share, for the quarter ended September 30, 2022.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FIRST NORTHERN COMMUNITY BANCORP reported the nine months ended September 30, 2023 results: net income net income of $14.7 million, or $1.01 per diluted share, for the nine months ended September 30, 2023, EPS $1.01 per diluted share.

Period: the nine months ended September 30, 2023
Net income: net income of $14.7 million, or $1.01 per diluted share, for the nine months ended September 30, 2023
EPS: $1.01 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 net income of $14.7 million, or $1.01 per diluted share, for the nine months ended September 30, 2023, up 31.5% compared to net income of $11.2 million, or $0.77 per diluted share, for the nine months ended September 30, 2022.

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Source: SEC EDGAR

accession 0001114927-23-000041

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