First Northern Q1 net income $3.7M, down 14% YoY; net margin up 15bp to 3.64%

FIRST NORTHERN COMMUNITY BANCORP

2025-Q1 EPS reported $0.23

Net income $3.7M ($0.23 diluted EPS) vs $4.3M ($0.26) in Q1 2024, a 14.2% decline.
Net interest margin improved to 3.64% from 3.49% YoY; cost of funds stable at 0.86%.
Loan loss provision of $850k vs release of $300k in prior year, driven by $2.8M specific reserve.
Total assets $1.88B, loans $1.04B, deposits $1.67B; stockholders' equity up 6.5% to $187.8M.
Book value per share rose to $11.81 from $11.06 at year-end 2024; 5% stock dividend paid March 2025.

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