---
schema_version: "secwatch.filing_event.v1"
accession: "0001114927-24-000040"
form_type: "8-K"
ticker: "FNRN"
cik: "0001114927"
company_name: "FIRST NORTHERN COMMUNITY BANCORP"
filed_at: "2024-04-30T23:59:59+00:00"
generated_at: "2026-06-03T04:02:31.385485+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# First Northern Q1 net income $4.3M, down 22.1% YoY; deposits slip 2.4%

## Summary
- Net income $4.3M ($0.28 diluted EPS) vs $5.5M ($0.36) in Q1 2023; prior year included $1.0M bargain purchase gain from branch acquisition.
- Total deposits $1.71B, down 2.4% YoY; net loans $1.05B, up 7.5% driven by commercial real estate, residential mortgage.
- Cost of funds low at 0.76% with 44% of funding from non-interest-bearing transaction accounts.
- Book value per share rose to $10.44 as of March 31, 2024; paid 5% stock dividend on March 25.
- Company remained well capitalized with total risk-based capital above 10% threshold.

## SEC filing metadata
- accession: 0001114927-24-000040
- form_type: 8-K
- ticker: FNRN
- cik: 0001114927
- company_name: FIRST NORTHERN COMMUNITY BANCORP
- filed_at: 2024-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1114927/000111492724000040/0001114927-24-000040-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1114927/000111492724000040/form8_k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001114927-24-000040
- JSON: https://secwatch.observer/filing/0001114927-24-000040.json
- Plain text: https://secwatch.observer/filing/0001114927-24-000040.txt

## Key facts
- Earnings Releases
  FIRST NORTHERN COMMUNITY BANCORP reported the three months ended March 31, 2024 results: revenue $18,543, net income $4.3 million, EPS $0.28 per diluted share.
  - Period: the three months ended March 31, 2024
  - Revenue: $18,543
  - Net income: $4.3 million
  - EPS: $0.28 per diluted share
  - Result: reported results
  source text: CAPITAL Total Deposits 1,708,872 Other Liabilities 15,903 Stockholders’ Equity 162,349 Total Liabilities and Capital 1,887,124 CONSOLIDATED INCOME STATEMENT (YTD) Interest Income 18,543 Interest Expense (3,181 ) Net Interest Income 15,362 Recapture of Provision for Credit Losses 300 Non-interest Income 1,507 Non-interest Expense (11,227 ) Provision for Income Tax
  evidence_url: https://www.sec.gov/Archives/edgar/data/1114927/000111492724000040/0001114927-24-000040-index.htm

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