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 Community Bancorp (OTCQX: FNRN), the holding company for First Northern Bank, has announced new leadership for its Board of Directors. Sean Quinn has been elected Chairman for a three-year term, and Rick Martinez has been elected Vice Chairman for a one-year term at the 2024 Organization Meeting. Combined, Quinn and Martinez bring over 20 years of directorship experience to their new roles.
Sean Quinn joined the Board in 2016 and will serve on several key committees, including Audit, Compensation, Loan, Nominating and Corporate Governance, and Profit Sharing. He has extensive experience, having served as the City Manager for Fairfield and holding various roles in economic development and business management.
Rick Martinez, who joined the Board in 2011 and was previously the Chairman from 2018 to 2022, has been re-elected as Vice Chairman. Martinez is a partner in Triad Farms and has over 30 years of experience in financial management for farming operations. He is involved in various agricultural and natural resource associations.
First Northern Community Bancorp reported a net income of $4.3 million for the first quarter of 2024, down 22.1% from the same period in 2023. Total assets decreased by 0.9%, while total deposits decreased by 2.4%. However, total net loans increased by 7.5%. The company remained well capitalized, exceeding the 10% total risk-based capital ratio threshold. The President & CEO highlighted growth in average loans and interest income, cost management, and shareholder value improvement.
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