First Northern Stock Price, News & Analysis

First Northern Community Bancorp (OTC-PINK: FNRN) reported a strong financial performance for 2022, showcasing a net income of $15.9 million, up 12% from $14.2 million in 2021. Earnings per share rose to $1.09, a 14.7% increase year-over-year. The quarterly net income for Q4 2022 reached $4.7 million, compared with $3.2 million in Q4 2021. Notably, the bank declared a 5% stock dividend payable on March 24, 2023. The total assets as of December 31, 2022 stood at $1.87 billion, reflecting a slight decrease of 1.5% from the previous year.

First Northern Community Bancorp (OTC-PINK: FNRN) has completed the acquisition of three Columbia State Bank branches located in Orland, Willows, and Colusa, California. This acquisition follows Columbia Bank's pending merger with Umpqua Holdings Corporation. All employees from the acquired branches will be retained, and the branches will continue to operate under the First Northern Bank brand. With this acquisition, First Northern Bank expands its footprint to 14 full-service branches across various counties, enhancing its community banking presence in the North Valley region.