other material
confidence high
sentiment positive
materiality 0.60
First Northern Community Bancorp authorizes up to $15.6M stock repurchase over two years
FIRST NORTHERN COMMUNITY BANCORP
- Board approves repurchase of up to 6% of outstanding shares (984,579 shares) at market price.
- Program runs from May 1, 2026 to April 30, 2028; open market or private transactions.
- Based on March 26 closing price of $15.85, full execution equals approximately $15.6M.
- CEO Jeremiah Smith says program reflects commitment to disciplined capital management and shareholder returns.