secwatch.observer — SEC 8-K summary
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Issuer:     FIRST NORTHERN COMMUNITY BANCORP (FNRN)
CIK:        0001114927
Form:       8-K
Filed at:   2024-07-30T23:59:59+00:00
Accession:  0001140361-24-034756
Event type: earnings
Sentiment:  neutral
Materiality: 0.45
Item codes: 2.02, 9.01, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

First Northern Q2 net income $4.4M ($0.29 EPS), down 3.1% YoY; NIM improves to 3.65%
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- Net income $4.4M for Q2 2024 vs $4.6M in Q2 2023; diluted EPS $0.29 vs $0.30.
- Six-month net income $8.7M ($0.57 EPS), down 13.5% from $10.1M ($0.66 EPS) year ago.
- Net interest margin rose 16 bps to 3.65% from Q1 2024; non-interest expenses down $0.9M (8.3%) quarter-over-quarter.
- Total assets $1.89B (-1.3% YoY); loans up 3.0% to $1.05B; deposits down 2.9% to $1.71B.
- Book value per share $10.75, up 3.0% from March 31, 2024; bank remains well capitalized.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1114927/000114036124034756/0001140361-24-034756-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1114927/000114036124034756/ef20033284_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-034756

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