Welcome to our dedicated page for First Northern news (Ticker: FNRN), a resource for investors and traders seeking the latest updates and insights on First Northern stock.
First Northern Community Bancorp (OTCQX: FNRN), the holding company for First Northern Bank, regularly releases detailed financial and corporate updates that are captured on this news page. As an independent community bank focused on relationship banking in Northern California, its announcements provide insight into lending activity, deposit trends, and performance metrics across its regional footprint.
Investors and observers can find earnings press releases that discuss quarterly and year-to-date net income, net interest income, net interest margin, efficiency ratio, and returns on average assets and equity. These updates also describe movements in total assets, loans, and deposits, as well as commentary on credit loss provisions or reversals and tax-related strategies that affect reported results.
Beyond earnings, First Northern Community Bancorp and First Northern Bank issue news about governance and leadership, such as board appointments and executive changes, including the hiring of key officers like the Chief Credit Officer and the retirement of long-serving executives. The bank’s communications also highlight developments in its branch network and franchise, including transactions to acquire additional branches in Northern California communities.
Because First Northern Bank emphasizes small business, commercial, real estate, and agribusiness lending, news items often reference trends in these loan categories and the bank’s role as an SBA Preferred Lender. Readers can use this page to follow how the company’s community banking model translates into financial performance and strategic actions over time. For ongoing context around FNRN, this news feed serves as a centralized view of the company’s public announcements and disclosures.
First Northern Bank (RJF) announced that First Northern Advisors has acquired Beacon Wealth Strategies, an independent advisory firm owned by Tom Cicchini. The deal transfers client relationships and increases First Northern's wealth management scale while preserving accounts with Raymond James for continuity.
Cicchini will join First Northern Advisors during a transition and is scheduled to retire on June 30, 2026. The firm says clients will receive continued personalized service from First Northern Advisors' team.
First Northern Community Bancorp (OTCQX: FNRN) reported fourth-quarter 2025 net income of $6.0 million ($0.36 diluted), and full-year 2025 net income of $21.1 million ($1.27 diluted), up 5.5% year-over-year. Total assets were $1.91 billion, loans net $1.05 billion, and deposits $1.68 billion as of December 31, 2025.
The board approved a 5% stock dividend payable March 25, 2026 (record date Feb 27, 2026). Book value per share rose to $12.92, and the company remained "well capitalized." Net interest margin improved to 3.85% for Q4 2025.
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First Northern Community Bancorp (OTCQX: FNRN) reported Q3 2025 net income of $6.0 million ($0.38 diluted), a 9.6% increase vs. Q3 2024, and nine-month net income of $15.2 million ($0.96 diluted), up 6.8% year-over-year. Total assets were $1.91 billion and total deposits were $1.69 billion as of September 30, 2025. Net interest margin expanded to 3.75%. The company recorded no provision for credit losses in Q3 and executed a tax planning strategy using investment tax credits that materially lowered Q3 tax expense. Book value per share rose to $13.02.
First Northern Community Bancorp (OTCQX: FNRN) reported strong Q2 2025 financial results, with net income of $5.5 million ($0.35 per diluted share), up 23.6% from Q2 2024. The company's performance showed notable improvements with net interest margin expanding to 3.85%, driving a 6.1% increase in net interest income.
Total assets reached $1.87 billion, with net loans increasing by 1.3% to $1.06 billion year-over-year. Total deposits were $1.66 billion, down 2.6% from the previous year. The company maintained its "well capitalized" status and enhanced shareholder value through share repurchases of 215,883 shares for $2.2 million. Book value per share increased 4.3% to $12.32 compared to March 2025.
First Northern Community Bancorp (OTCQX: FNRN) has announced the appointment of Richard A. Bedoya to its Board of Directors, effective July 17, 2025. Bedoya, who brings over 30 years of experience in automotive and agricultural industries, will serve on the Bank's Audit, Asset/Liability, and Directors Loan Committees.
He succeeds Foy McNaughton, who retired after 25 years of service. Bedoya currently serves as Owner and Partner at DuPratt Ford Auburn and owns Dixon Bee Company and Bedoya Orchards. The appointment brings the total board membership to ten directors.
First Northern Community Bancorp reported Q1 2025 net income of $3.7 million ($0.23 per diluted share), down 14.2% from $4.3 million in Q1 2024. The bank's total assets reached $1.88 billion, showing a slight decrease of 0.6% year-over-year.
Key financial metrics include:
- Net interest margin improved to 3.64% from 3.49% year-over-year
- Total deposits decreased by 2.0% to $1.67 billion
- Book value per share increased to $11.81, up 6.8% from year-end 2024
- Stockholders' equity grew by $11.5 million to $187.8 million
The quarter saw an $850,000 loan loss provision due to a specific reserve of $2.8 million, compared to a $300,000 provision release last year. The bank maintains its "well capitalized" status, exceeding the 10% total risk-based capital ratio requirement.
First Northern Community Bancorp (FNRN) reported 2024 annual net income of $20.0 million ($1.24 per diluted share), down 7.5% from $21.6 million in 2023. Q4 2024 net income was $5.8 million ($0.37 per diluted share), a 15.1% decrease from Q4 2023, primarily due to reduced reversal of credit loss provisions.
Total assets reached $1.89 billion (up 1.1% YoY), with deposits at $1.70 billion (up 0.5%) and net loans at $1.047 billion (down 0.5%). Interest income increased by $4.5 million (6.1%), while non-interest expenses decreased by $849,000 (1.9%). The company maintained a low total cost of funds at 0.84% for the year.
Stockholders' equity grew to $176.3 million, up 10.7% YoY, with book value per share increasing from $9.80 to $11.06. The Board approved a 5% stock dividend payable March 25, 2025.
First Northern Community Bancorp (OTCQX: FNRN) reported Q3 2024 net income of $5.5 million ($0.36 per diluted share), up 18.8% from Q3 2023. Nine-month net income was $14.2 million ($0.92 per diluted share), down 3.3% year-over-year. Total assets reached $1.93 billion, up 1.5% YoY. Total deposits decreased 0.8% to $1.73 billion, while net loans increased 0.5% to $1.042 billion. The company saw successful resolution of a non-performing loan, reducing nonaccrual loans by 41% to $4.0 million. Book value per share increased 10.9% to $11.92 compared to Q2 2024.
First Northern Community Bancorp (OTCQX: FNRN) reported a net income of $4.4 million for Q2 2024, or $0.29 per diluted share, down 3.1% from $4.6 million, or $0.30 per diluted share, in Q2 2023. For the six months ended June 30, 2024, net income was $8.7 million, or $0.57 per diluted share, a 13.5% decline compared to $10.1 million, or $0.66 per diluted share, for the same period in 2023.
Key factors for the year-over-year decline include a substantial paydown on a non-performing agricultural loan and a bargain purchase gain in Q1 2023. Total assets decreased by 1.3% to $1.89 billion, and total deposits fell by 2.9% to $1.71 billion. However, net loans increased by 3.0% to $1.05 billion due to growth in commercial real estate and residential mortgages.
The company remains well-capitalized with a risk-based capital ratio exceeding 10%. CEO Jeremiah Smith highlighted a 16 basis points improvement in the net interest margin and an 8.3% reduction in non-interest expenses. The book value per share rose to $10.75, up 3.0% from March 31, 2024.