secwatch.observer — SEC 8-K summary
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Issuer:     FIRST NORTHERN COMMUNITY BANCORP (FNRN)
CIK:        0001114927
Form:       8-K
Filed at:   2023-10-27T23:59:59+00:00
Accession:  0001114927-23-000041
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1114927/000111492723000041/0001114927-23-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1114927/000111492723000041/form8_k.htm
  HTML page:      https://secwatch.observer/filing/0001114927-23-000041

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer