Quarterly ResultApr 30, 2026, 06:12 AM
FNRN Q1 Net Income +60.9% to $5.9M; EPS $0.36; Nasdaq Uplisting
AI Summary
First Northern Community Bancorp reported a significant increase in net income for Q1 2026, reaching $5.9 million, a 60.9% rise year-over-year, with diluted EPS of $0.36. The company also saw growth in total assets, net loans, and deposits, alongside an expanded net interest margin and reduced operating expenses. FNRN enhanced shareholder value through a 5% stock dividend, a new 6% stock repurchase program, and uplisted its common stock to The Nasdaq Capital Market.
Key Highlights
- Net income increased 60.9% to $5.9 million for Q1 2026.
- Diluted earnings per share rose to $0.36 from $0.22 year-over-year.
- Total assets grew 2.6% to $1.92 billion as of March 31, 2026.
- Net interest margin expanded to 3.83%, up 19 basis points from 3.64%.
- Non-interest income increased 19.75% to $1.74 million.
- Operating expenses decreased 4.8% year-over-year to $11.03 million.
- Paid a 5% stock dividend and announced a new 6% stock repurchase program.
- Uplisted to The Nasdaq Capital Market on April 24, 2026.