8-K
filed January 30, 2024, 6:59 PM ET
ticker FNRN
CIK 0001114927
earnings
confidence high
sentiment positive
materiality 0.80
First Northern reports record 2023 net income of $21.6M, declares 5% stock dividend
FIRST NORTHERN COMMUNITY BANCORP
2023-FY EPS reported
$1.41
- Annual net income $21.6M ($1.41 diluted EPS), +35.7% YoY; Q4 net income $6.9M ($0.45), +47% YoY.
- Net interest income $66.5M, +21.7% YoY, driven by higher rate environment and balance sheet repricing.
- Total net loans $1.1B, +8.5% YoY; deposits $1.69B, -2.0% YoY; assets $1.87B, flat.
- Board declared 5% stock dividend payable March 25, 2024 to shareholders of record Feb 29, 2024.
- Company upgraded to OTCQX Best Market from OTCQB, aims to enhance shareholder visibility.
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 December 31, 2023 results: net income $6.9 million, EPS $0.45 per diluted share.
- Period
- the quarter ended December 31, 2023
- Net income
- $6.9 million
- EPS
- $0.45 per diluted share
- Result
- reported results
Exact text from the filing
Net income for the quarter ended December 31, 2023 totaled $6.9 million, or $0.45 per diluted share
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
FIRST NORTHERN COMMUNITY BANCORP reported the year ended December 31, 2023 results: net income $21.6 million, EPS $1.41 per diluted share.
- Period
- the year ended December 31, 2023
- Net income
- $21.6 million
- EPS
- $1.41 per diluted share
- Result
- reported results
Exact text from the filing
First Northern Community Bancorp Reports Record Year End 2023 Net Income of $21.6 Million
View on SEC.gov
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