secwatch.observer — SEC 8-K summary
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Issuer:     FIRST NORTHERN COMMUNITY BANCORP (FNRN)
CIK:        0001114927
Form:       8-K
Filed at:   2025-04-30T23:59:59+00:00
Accession:  0001114927-25-000028
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1114927/000111492725000028/0001114927-25-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1114927/000111492725000028/form8_k.htm
  HTML page:      https://secwatch.observer/filing/0001114927-25-000028

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