secwatch.observer — SEC 8-K summary
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Issuer:     FIRST NORTHERN COMMUNITY BANCORP (FNRN)
CIK:        0001114927
Form:       8-K
Filed at:   2024-01-30T23:59:59+00:00
Accession:  0001114927-24-000002
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01, 7.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

First Northern reports record 2023 net income of $21.6M, declares 5% stock dividend
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1114927/000111492724000002/0001114927-24-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1114927/000111492724000002/form8_k.htm
  HTML page:      https://secwatch.observer/filing/0001114927-24-000002

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