---
schema_version: "secwatch.filing_event.v1"
accession: "0001114927-23-000041"
form_type: "8-K"
ticker: "FNRN"
cik: "0001114927"
company_name: "FIRST NORTHERN COMMUNITY BANCORP"
filed_at: "2023-10-27T23:59:59+00:00"
generated_at: "2026-06-09T06:43:14.830998+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0001114927-23-000041
- form_type: 8-K
- ticker: FNRN
- cik: 0001114927
- company_name: FIRST NORTHERN COMMUNITY BANCORP
- filed_at: 2023-10-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1114927/000111492723000041/0001114927-23-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1114927/000111492723000041/form8_k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001114927-23-000041
- JSON: https://secwatch.observer/filing/0001114927-23-000041.json
- Plain text: https://secwatch.observer/filing/0001114927-23-000041.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1114927/000111492723000041/0001114927-23-000041-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1114927/000111492723000041/0001114927-23-000041-index.htm

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