secwatch.observer — SEC 8-K summary
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Issuer:     FIRST NORTHERN COMMUNITY BANCORP (FNRN)
CIK:        0001114927
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0001114927-24-000055
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

First Northern Q3 net income $5.5M (+18.8% YoY); deposit growth, credit improvement
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- Q3 net income $5.5M ($0.36 diluted EPS) vs $4.6M ($0.30) prior year, up 18.8%.
- Nine-month net income $14.2M ($0.92 diluted EPS) down 3.3% from $14.7M.
- Total deposits $1.73B, up $25M during Q3; nonaccrual loans down 41% to $4.0M.
- Reversal of provision for credit losses of $550K due to full collection of a non-performing loan.
- Book value per share $11.92, up 10.9% from $10.75 at June 30.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1114927/000111492724000055/0001114927-24-000055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1114927/000111492724000055/form8_k.htm
  HTML page:      https://secwatch.observer/filing/0001114927-24-000055

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