{"success":true,"data":{"pressRelease":{"id":"14110","rtpr_id":"nBwb7Wc82a","ticker":"FNRN","exchange":"NASDAQ","all_tickers":["FNRN"],"title":"First Northern Community Bancorp Reports First Quarter 2026 Net Income of $5.9 Million","author":"Business Wire","published_at":"2026-04-30T00:45:00.151Z","article_body":"First Northern Community Bancorp Reports First Quarter 2026 Net Income of $5.9\nMillion\n\nFirst Northern Community Bancorp (the “Company”, NASDAQ: FNRN), holding\ncompany for First Northern Bank (“First Northern” or the “Bank”),\ntoday reported net income of $5.9 million, or $0.36 per diluted share, for the\nthree months ended March 31, 2026, up 60.9% compared to net income of $3.7\nmillion, or $0.22 per diluted share, for the three months ended March 31,\n2025.\n\nTotal assets as of March 31, 2026, were $1.92 billion, an increase of $48.8\nmillion, or 2.6%, compared to March 31, 2025. Total net loans as of March 31,\n2026, were $1.06 billion, an increase of $23.8 million, or 2.3%, compared to\nMarch 31, 2025. The increase in net loans was primarily driven by growth in\ncommercial loans, which was partially offset by net reductions in commercial\nreal estate, agriculture, residential mortgage and consumer loans. Total\ndeposits as of March 31, 2026, were $1.69 billion, an increase of $19.9\nmillion, or 1.2%, compared to March 31, 2025.\n\nThe Company continued to be “well capitalized” under regulatory\ndefinitions, exceeding the 10% total risk-based capital ratio threshold as of\nMarch 31, 2026.\n\nJeremiah Smith, President and Chief Executive Officer commented, “The\nCompany delivered strong financial results in the first quarter with net\nincome of $5.9 million, an increase of 60.9% when compared to the net income\nof $3.7 million in the first quarter of 2025. Net interest margin expanded to\n3.83%, up 19 basis points or 5.2% from 3.64% reported for the same quarter\nlast year. This improvement was driven by loan growth and improved yields on\ninterest-earning assets, while we maintained a disciplined cost of funds at 90\nbasis points for the first quarter. As a result, net interest income after\nprovision for credit losses increased by $1.8 million or 12.0%.”\n\nCommenting further, “In addition to the growth in net interest income we\nexperienced an increase in non-interest income, primarily driven by our Beacon\nWealth client acquisition in the fourth quarter of 2025. Investment and\nBrokerage income rose 154.3% in the first quarter when compared to the same\nquarter last year. At the same time, we maintained strong expense discipline,\nwith operating expenses decreasing by 4.8% year-over-year, primarily due to\nlower consulting fees and loan collection expenses incurred during the current\nperiod.”\n\nLastly, Mr. Smith commented, “We remained focused on enhancing shareholder\nvalue, as reflected in our book value per share, increasing from $12.92 at\nDecember 31, 2025 to $13.03 at March 31, 2026. We also returned capital to\nshareholders through a 5% stock dividend paid on March 25, 2026, and announced\na new stock repurchase program of up to 6% of outstanding shares on March 26,\n2026. Subsequent to quarter-end, we uplisted from the OTCQX and the Company's\ncommon stock commenced trading on The Nasdaq Capital Market on April 24, 2026,\nwhich should further strengthen our market presence.”\n\nFIRST QUARTER HIGHLIGHTS (UNAUDITED)\n\nPerformance and operating highlights for the Company for the periods noted\nbelow included the following:\n     Three months ended \n     March 31,   December 31,   March 31, \n (in thousands, except per share and share data)     2026       2025       2025   \n Return on average assets (“ROAA”) (annualized)     1.24 %     1.23 %     0.79 % \n Return on average equity (“ROAE”) (annualized)     11.21 %     11.40 %     8.23 % \n Pre-tax income   $ 7,612     $ 8,270     $ 4,956   \n Net income   $ 5,906     $ 5,978     $ 3,671   \n Net interest margin (annualized)     3.83 %     3.85 %     3.64 % \n Cost of funds (annualized)     0.90 %     0.92 %     0.86 % \n Efficiency ratio     58.23 %     61.31 %     66.62 % \n               \n Basic earnings per common share   $ 0.37     $ 0.37     $ 0.22   \n Diluted earnings per common share   $ 0.36     $ 0.36     $ 0.22   \n Weighted average basic common shares outstanding     16,133,555       16,165,014       16,420,431   \n Weighted average diluted common shares outstanding     16,490,162       16,534,164       16,661,559   \n Shares outstanding at end of period     16,409,660       16,406,281       16,692,825   \n Book value per share   $ 13.03     $ 12.92     $ 11.25   \n               \n Leverage ratio     11.7 %     11.3 %     10.9 % \n Common equity tier 1 capital ratio     17.8 %     17.6 %     16.1 % \n Tier 1 capital ratio     17.8 %     17.6 %     16.1 % \n Total capital ratio     19.1 %     18.9 %     17.4 % \n Tangible common equity ratio     10.87 %     10.84 %     9.80 % \n               \n Reconciliation of Non-GAAP Financial Measures             \n Total shareholders' equity   $ 213,799     $ 212,018     $ 187,805   \n Less mortgage servicing rights     (1,126 )     (1,159 )     (1,279 ) \n Less intangible assets     (4,079 )     (4,332 )     (3,132 ) \n Total tangible common stockholders' equity   $ 208,594     $ 206,527     $ 183,394   \n Total assets   $ 1,924,548     $ 1,910,950     $ 1,875,700   \n Less mortgage servicing rights     (1,126 )     (1,159 )     (1,279 ) \n Less intangible assets     (4,079 )     (4,332 )     (3,132 ) \n Total tangible assets   $ 1,919,343     $ 1,905,459     $ 1,871,289   \n Tangible common equity ratio     10.87 %     10.84 %     9.80 % \n               \n\n\nSummary Results (Unaudited)\n\nThe following is a summary of the components of the Company’s operating\nresults for the periods indicated:\n     Three months ended         \n     March 31,   December 31,         \n (in thousands)     2026     2025     $ Change   % Change \n Selected operating data:                 \n Net interest income   $ 17,204   $ 17,729     $ (525 )   (2.96 )% \n Provision for (reversal of) credit losses     300     (850 )     1,150     135.29 % \n Non-interest income     1,740     1,449       291     20.08 % \n Non-interest expense     11,032     11,758       (726 )   (6.17 )% \n Pre-tax income     7,612     8,270       (658 )   (7.96 )% \n Provision for income taxes     1,706     2,292       (586 )   (25.57 )% \n Net income   $ 5,906   $ 5,978     $ (72 )   (1.20 )% \n\n     Three months ended         \n     March 31,   March 31,         \n (in thousands)     2026     2025   $ Change   % Change \n Selected operating data:                 \n Net interest income   $ 17,204   $ 15,943   $ 1,261     7.91 % \n Provision for credit losses     300     850     (550 )   (64.71 )% \n Non-interest income     1,740     1,453     287     19.75 % \n Non-interest expense     11,032     11,590     (558 )   (4.81 )% \n Pre-tax income     7,612     4,956     2,656     53.59 % \n Provision for income taxes     1,706     1,285     421     32.76 % \n Net income   $ 5,906   $ 3,671   $ 2,235     60.88 % \n\n\nBalance Sheet Summary (Unaudited)\n     March 31,   December 31,         \n (in thousands)     2026     2025   $ Change   % Change \n Selected financial condition data:                 \n Cash and cash equivalents   $ 139,584   $ 145,554   $ (5,970 )   (4.10 )% \n Total investments     623,282     617,243     6,039     0.98 % \n Total loans, net     1,064,622     1,050,473     14,149     1.35 % \n Total assets     1,924,548     1,910,950     13,598     0.71 % \n Total deposits     1,694,698     1,679,143     15,555     0.93 % \n Total liabilities     1,710,749     1,698,932     11,817     0.70 % \n Total shareholders’ equity     213,799     212,018     1,781     0.84 % \n\n\nNet Interest Income and Net Interest Margin (Unaudited)\n\nThe following table shows the components of net interest income and net\ninterest margin for the quarterly periods indicated:\n     Three months ended \n     March 31, 2026   December 31, 2025   March 31, 2025 \n             Yields           Yields           Yields \n         Interest   Earned/       Interest   Earned/       Interest   Earned/ \n     Average   Income/   Rates   Average   Income/   Rates   Average   Income/   Rates \n (in thousands)   Balance   Expense   Paid (1)   Balance   Expense   Paid (1)   Balance   Expense   Paid (1) \n Assets                                     \n Interest-earning assets:                                     \n Loans   $ 1,044,166   $ 14,322   5.56 %   $ 1,050,919   $ 15,179   5.73 %   $ 1,042,559   $ 13,602   5.29 % \n Certificates of deposit     10,558     106   4.07 %     11,709     122   4.13 %     15,868     161   4.11 % \n Interest-bearing due from banks     125,045     1,098   3.56 %     139,963     1,465   4.15 %     70,468     727   4.18 % \n Investment securities, taxable     573,637     4,434   3.13 %     557,389     4,230   3.01 %     587,332     4,348   3.00 % \n Investment securities, non-taxable     57,685     447   3.14 %     56,151     439   3.10 %     50,403     393   3.16 % \n Other interest-earning assets     10,870     555   20.71 %     10,871     251   9.16 %     10,518     272   10.49 % \n Total average interest-earning assets     1,821,961     20,962   4.67 %     1,827,002     21,686   4.71 %     1,777,148     19,503   4.45 % \n Non-interest-earning assets:                                     \n Cash and due from banks     29,481             31,324             34,338         \n Premises & equipment, net     8,693             8,466             9,145         \n Interest receivable and other assets     65,134             66,699             52,755         \n Total average assets   $ 1,925,269           $ 1,933,491           $ 1,873,386         \n                                       \n Liabilities and Stockholders’ Equity                                     \n Interest-bearing liabilities:                                     \n Interest-bearing transaction deposits   $ 444,368     766   0.70 %   $ 427,612     770   0.71 %   $ 432,335     691   0.65 % \n Savings and MMDA’s     475,494     1,809   1.54 %     471,222     1,928   1.62 %     451,198     1,550   1.39 % \n Time, $250,000 and under     85,614     723   3.42 %     89,058     973   4.33 %     99,503     973   3.97 % \n Time, over $250,000     55,793     460   3.34 %     54,256     286   2.09 %     44,028     346   3.19 % \n Total average interest-bearing liabilities     1,061,269     3,758   1.44 %     1,042,148     3,957   1.51 %     1,027,064     3,560   1.41 % \n Non-interest-bearing liabilities:                                     \n Non-interest-bearing demand deposits     632,800             665,760             651,590         \n Interest payable and other liabilities     17,462             17,496             13,919         \n Total average liabilities     1,711,531             1,725,404             1,692,573         \n Total average stockholders’ equity     213,738             208,087             180,813         \n Total average liabilities and stockholders’ equity   $ 1,925,269           $ 1,933,491           $ 1,873,386         \n Net interest income and net interest margin       $ 17,204   3.83 %       $ 17,729   3.85 %       $ 15,943   3.64 % \n\n (1) For disclosure purposes, yield/rates are annualized by dividing the number of \n days in the reported period by 365. \n\n\nAbout First Northern Bank\n\nFirst Northern Bank is an independent community bank that specializes in\nrelationship banking. The Bank, headquartered in Solano County since 1910,\nserves Solano, Yolo, Sacramento, Placer, Colusa, and Glenn counties, as well\nas the west slope of El Dorado County. Experts are available in small\nbusiness, commercial, real estate, and agribusiness lending, as well as\nmortgage loans. The Bank is an SBA Preferred Lender. Real estate mortgage and\nsmall-business loan officers are available by appointment at any of the\nBank’s 14 branches, including Dixon, Davis, West Sacramento, Fairfield,\nVacaville, Winters, Woodland, Sacramento, Roseville, Auburn, Rancho Cordova,\nColusa, Willows, and Orland. Non-FDIC insured Investment and Brokerage\nServices are also available at every branch location. First Northern Bank is\nrated as a Veribanc “Green-3 Star Blue Ribbon” Bank and a “5-Star\nSuperior” Bank by Bauer Financial for the earnings period ended December 31,\n2025 (www.veribanc.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.veribanc.com&esheet=54525849&newsitemid=20260429568379&lan=en-US&anchor=www.veribanc.com&index=1&md5=b772c1f0a60e3ca9ab0b1621a81e7e8f)\n) and (www.bauerfinancial.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.bauerfinancial.com&esheet=54525849&newsitemid=20260429568379&lan=en-US&anchor=www.bauerfinancial.com&index=2&md5=ea3ffe509ad02600006f158a549f5386)\n). For additional information, please visit thatsmybank.com or call (707)\n678-7742. Member FDIC. Equal Housing Lender.\n\nForward-Looking Statements\n\nThis press release and other public statements may include certain\n“forward-looking statements” about First Northern Community Bancorp and\nits subsidiaries (the “Company”). These forward-looking statements are\nbased on management’s current expectations, including but not limited to\nstatements about the Company’s performance and focus on improving\nshareholder value and the potential benefits of the uplisting of the\nCompany’s common stock to The Nasdaq Capital Market, and are subject to\ncertain risks, uncertainties and changes in circumstances. Actual results may\ndiffer materially from these expectations due to changes in global political,\neconomic, trade, business, competitive, market and regulatory factors. More\ndetailed information about these risk factors is contained in the Company’s\nreports filed with the Securities and Exchange Commission on Forms 10-K and\n10-Q, each as it may be amended from time to time, which identify important\nrisk factors that could cause actual results to differ materially from those\ncontained in the forward-looking statements. Any anticipated benefits of the\nuplisting of the Company’s common stock to The Nasdaq Capital Market are\nsubject to market conditions and other factors outside of the Company’s\ncontrol, and no assurance can be given as to the effect that the uplisting may\nhave on the trading volume of our stock or on the liquidity of an investment\nin our stock. The financial information contained in this release should be\nread in conjunction with the consolidated financial statements and notes\nthereto included in the Company’s most recent reports on Form 10-K and Form\n10-Q, and any reports on Form 8-K. Readers are cautioned not to place undue\nreliance on forward‑looking statements, which speak only as of the date\nmade. The Company undertakes no obligation to update any forward-looking\nstatements to reflect events or circumstances arising after the date on which\nthey are made, except as may be required by applicable law. For further\ninformation regarding the Company, please read the Company’s reports filed\nwith the SEC and available at www.sec.gov\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sec.gov&esheet=54525849&newsitemid=20260429568379&lan=en-US&anchor=www.sec.gov&index=3&md5=fde683576e28a0154dc6b6acfa36908c)\n.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260429568379/en/\n(https://www.businesswire.com/news/home/20260429568379/en/)\n\nJeremiah Z. Smith\n\nPresident & Chief Executive Officer\n\nFirst Northern Community Bancorp\n\n& First Northern Bank\n\nP.O. Box 547\n\nDixon, California (707) 678-3041\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBwb7Wc82a","title":"First Northern Community Bancorp Reports First Quarter 2026 Net Income of $5.9 Million","author":"Business Wire","ticker":"FNRN","created":"2026-04-30T00:45:00.151Z","tickers":["FNRN"],"exchange":"NASDAQ","article_body":"First Northern Community Bancorp Reports First Quarter 2026 Net Income of $5.9\nMillion\n\nFirst Northern Community Bancorp (the “Company”, NASDAQ: FNRN), holding\ncompany for First Northern Bank (“First Northern” or the “Bank”),\ntoday reported net income of $5.9 million, or $0.36 per diluted share, for the\nthree months ended March 31, 2026, up 60.9% compared to net income of $3.7\nmillion, or $0.22 per diluted share, for the three months ended March 31,\n2025.\n\nTotal assets as of March 31, 2026, were $1.92 billion, an increase of $48.8\nmillion, or 2.6%, compared to March 31, 2025. Total net loans as of March 31,\n2026, were $1.06 billion, an increase of $23.8 million, or 2.3%, compared to\nMarch 31, 2025. The increase in net loans was primarily driven by growth in\ncommercial loans, which was partially offset by net reductions in commercial\nreal estate, agriculture, residential mortgage and consumer loans. Total\ndeposits as of March 31, 2026, were $1.69 billion, an increase of $19.9\nmillion, or 1.2%, compared to March 31, 2025.\n\nThe Company continued to be “well capitalized” under regulatory\ndefinitions, exceeding the 10% total risk-based capital ratio threshold as of\nMarch 31, 2026.\n\nJeremiah Smith, President and Chief Executive Officer commented, “The\nCompany delivered strong financial results in the first quarter with net\nincome of $5.9 million, an increase of 60.9% when compared to the net income\nof $3.7 million in the first quarter of 2025. Net interest margin expanded to\n3.83%, up 19 basis points or 5.2% from 3.64% reported for the same quarter\nlast year. This improvement was driven by loan growth and improved yields on\ninterest-earning assets, while we maintained a disciplined cost of funds at 90\nbasis points for the first quarter. As a result, net interest income after\nprovision for credit losses increased by $1.8 million or 12.0%.”\n\nCommenting further, “In addition to the growth in net interest income we\nexperienced an increase in non-interest income, primarily driven by our Beacon\nWealth client acquisition in the fourth quarter of 2025. Investment and\nBrokerage income rose 154.3% in the first quarter when compared to the same\nquarter last year. At the same time, we maintained strong expense discipline,\nwith operating expenses decreasing by 4.8% year-over-year, primarily due to\nlower consulting fees and loan collection expenses incurred during the current\nperiod.”\n\nLastly, Mr. Smith commented, “We remained focused on enhancing shareholder\nvalue, as reflected in our book value per share, increasing from $12.92 at\nDecember 31, 2025 to $13.03 at March 31, 2026. We also returned capital to\nshareholders through a 5% stock dividend paid on March 25, 2026, and announced\na new stock repurchase program of up to 6% of outstanding shares on March 26,\n2026. Subsequent to quarter-end, we uplisted from the OTCQX and the Company's\ncommon stock commenced trading on The Nasdaq Capital Market on April 24, 2026,\nwhich should further strengthen our market presence.”\n\nFIRST QUARTER HIGHLIGHTS (UNAUDITED)\n\nPerformance and operating highlights for the Company for the periods noted\nbelow included the following:\n     Three months ended \n     March 31,   December 31,   March 31, \n (in thousands, except per share and share data)     2026       2025       2025   \n Return on average assets (“ROAA”) (annualized)     1.24 %     1.23 %     0.79 % \n Return on average equity (“ROAE”) (annualized)     11.21 %     11.40 %     8.23 % \n Pre-tax income   $ 7,612     $ 8,270     $ 4,956   \n Net income   $ 5,906     $ 5,978     $ 3,671   \n Net interest margin (annualized)     3.83 %     3.85 %     3.64 % \n Cost of funds (annualized)     0.90 %     0.92 %     0.86 % \n Efficiency ratio     58.23 %     61.31 %     66.62 % \n               \n Basic earnings per common share   $ 0.37     $ 0.37     $ 0.22   \n Diluted earnings per common share   $ 0.36     $ 0.36     $ 0.22   \n Weighted average basic common shares outstanding     16,133,555       16,165,014       16,420,431   \n Weighted average diluted common shares outstanding     16,490,162       16,534,164       16,661,559   \n Shares outstanding at end of period     16,409,660       16,406,281       16,692,825   \n Book value per share   $ 13.03     $ 12.92     $ 11.25   \n               \n Leverage ratio     11.7 %     11.3 %     10.9 % \n Common equity tier 1 capital ratio     17.8 %     17.6 %     16.1 % \n Tier 1 capital ratio     17.8 %     17.6 %     16.1 % \n Total capital ratio     19.1 %     18.9 %     17.4 % \n Tangible common equity ratio     10.87 %     10.84 %     9.80 % \n               \n Reconciliation of Non-GAAP Financial Measures             \n Total shareholders' equity   $ 213,799     $ 212,018     $ 187,805   \n Less mortgage servicing rights     (1,126 )     (1,159 )     (1,279 ) \n Less intangible assets     (4,079 )     (4,332 )     (3,132 ) \n Total tangible common stockholders' equity   $ 208,594     $ 206,527     $ 183,394   \n Total assets   $ 1,924,548     $ 1,910,950     $ 1,875,700   \n Less mortgage servicing rights     (1,126 )     (1,159 )     (1,279 ) \n Less intangible assets     (4,079 )     (4,332 )     (3,132 ) \n Total tangible assets   $ 1,919,343     $ 1,905,459     $ 1,871,289   \n Tangible common equity ratio     10.87 %     10.84 %     9.80 % \n               \n\n\nSummary Results (Unaudited)\n\nThe following is a summary of the components of the Company’s operating\nresults for the periods indicated:\n     Three months ended         \n     March 31,   December 31,         \n (in thousands)     2026     2025     $ Change   % Change \n Selected operating data:                 \n Net interest income   $ 17,204   $ 17,729     $ (525 )   (2.96 )% \n Provision for (reversal of) credit losses     300     (850 )     1,150     135.29 % \n Non-interest income     1,740     1,449       291     20.08 % \n Non-interest expense     11,032     11,758       (726 )   (6.17 )% \n Pre-tax income     7,612     8,270       (658 )   (7.96 )% \n Provision for income taxes     1,706     2,292       (586 )   (25.57 )% \n Net income   $ 5,906   $ 5,978     $ (72 )   (1.20 )% \n\n     Three months ended         \n     March 31,   March 31,         \n (in thousands)     2026     2025   $ Change   % Change \n Selected operating data:                 \n Net interest income   $ 17,204   $ 15,943   $ 1,261     7.91 % \n Provision for credit losses     300     850     (550 )   (64.71 )% \n Non-interest income     1,740     1,453     287     19.75 % \n Non-interest expense     11,032     11,590     (558 )   (4.81 )% \n Pre-tax income     7,612     4,956     2,656     53.59 % \n Provision for income taxes     1,706     1,285     421     32.76 % \n Net income   $ 5,906   $ 3,671   $ 2,235     60.88 % \n\n\nBalance Sheet Summary (Unaudited)\n     March 31,   December 31,         \n (in thousands)     2026     2025   $ Change   % Change \n Selected financial condition data:                 \n Cash and cash equivalents   $ 139,584   $ 145,554   $ (5,970 )   (4.10 )% \n Total investments     623,282     617,243     6,039     0.98 % \n Total loans, net     1,064,622     1,050,473     14,149     1.35 % \n Total assets     1,924,548     1,910,950     13,598     0.71 % \n Total deposits     1,694,698     1,679,143     15,555     0.93 % \n Total liabilities     1,710,749     1,698,932     11,817     0.70 % \n Total shareholders’ equity     213,799     212,018     1,781     0.84 % \n\n\nNet Interest Income and Net Interest Margin (Unaudited)\n\nThe following table shows the components of net interest income and net\ninterest margin for the quarterly periods indicated:\n     Three months ended \n     March 31, 2026   December 31, 2025   March 31, 2025 \n             Yields           Yields           Yields \n         Interest   Earned/       Interest   Earned/       Interest   Earned/ \n     Average   Income/   Rates   Average   Income/   Rates   Average   Income/   Rates \n (in thousands)   Balance   Expense   Paid (1)   Balance   Expense   Paid (1)   Balance   Expense   Paid (1) \n Assets                                     \n Interest-earning assets:                                     \n Loans   $ 1,044,166   $ 14,322   5.56 %   $ 1,050,919   $ 15,179   5.73 %   $ 1,042,559   $ 13,602   5.29 % \n Certificates of deposit     10,558     106   4.07 %     11,709     122   4.13 %     15,868     161   4.11 % \n Interest-bearing due from banks     125,045     1,098   3.56 %     139,963     1,465   4.15 %     70,468     727   4.18 % \n Investment securities, taxable     573,637     4,434   3.13 %     557,389     4,230   3.01 %     587,332     4,348   3.00 % \n Investment securities, non-taxable     57,685     447   3.14 %     56,151     439   3.10 %     50,403     393   3.16 % \n Other interest-earning assets     10,870     555   20.71 %     10,871     251   9.16 %     10,518     272   10.49 % \n Total average interest-earning assets     1,821,961     20,962   4.67 %     1,827,002     21,686   4.71 %     1,777,148     19,503   4.45 % \n Non-interest-earning assets:                                     \n Cash and due from banks     29,481             31,324             34,338         \n Premises & equipment, net     8,693             8,466             9,145         \n Interest receivable and other assets     65,134             66,699             52,755         \n Total average assets   $ 1,925,269           $ 1,933,491           $ 1,873,386         \n                                       \n Liabilities and Stockholders’ Equity                                     \n Interest-bearing liabilities:                                     \n Interest-bearing transaction deposits   $ 444,368     766   0.70 %   $ 427,612     770   0.71 %   $ 432,335     691   0.65 % \n Savings and MMDA’s     475,494     1,809   1.54 %     471,222     1,928   1.62 %     451,198     1,550   1.39 % \n Time, $250,000 and under     85,614     723   3.42 %     89,058     973   4.33 %     99,503     973   3.97 % \n Time, over $250,000     55,793     460   3.34 %     54,256     286   2.09 %     44,028     346   3.19 % \n Total average interest-bearing liabilities     1,061,269     3,758   1.44 %     1,042,148     3,957   1.51 %     1,027,064     3,560   1.41 % \n Non-interest-bearing liabilities:                                     \n Non-interest-bearing demand deposits     632,800             665,760             651,590         \n Interest payable and other liabilities     17,462             17,496             13,919         \n Total average liabilities     1,711,531             1,725,404             1,692,573         \n Total average stockholders’ equity     213,738             208,087             180,813         \n Total average liabilities and stockholders’ equity   $ 1,925,269           $ 1,933,491           $ 1,873,386         \n Net interest income and net interest margin       $ 17,204   3.83 %       $ 17,729   3.85 %       $ 15,943   3.64 % \n\n (1) For disclosure purposes, yield/rates are annualized by dividing the number of \n days in the reported period by 365. \n\n\nAbout First Northern Bank\n\nFirst Northern Bank is an independent community bank that specializes in\nrelationship banking. The Bank, headquartered in Solano County since 1910,\nserves Solano, Yolo, Sacramento, Placer, Colusa, and Glenn counties, as well\nas the west slope of El Dorado County. Experts are available in small\nbusiness, commercial, real estate, and agribusiness lending, as well as\nmortgage loans. The Bank is an SBA Preferred Lender. Real estate mortgage and\nsmall-business loan officers are available by appointment at any of the\nBank’s 14 branches, including Dixon, Davis, West Sacramento, Fairfield,\nVacaville, Winters, Woodland, Sacramento, Roseville, Auburn, Rancho Cordova,\nColusa, Willows, and Orland. Non-FDIC insured Investment and Brokerage\nServices are also available at every branch location. First Northern Bank is\nrated as a Veribanc “Green-3 Star Blue Ribbon” Bank and a “5-Star\nSuperior” Bank by Bauer Financial for the earnings period ended December 31,\n2025 (www.veribanc.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.veribanc.com&esheet=54525849&newsitemid=20260429568379&lan=en-US&anchor=www.veribanc.com&index=1&md5=b772c1f0a60e3ca9ab0b1621a81e7e8f)\n) and (www.bauerfinancial.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.bauerfinancial.com&esheet=54525849&newsitemid=20260429568379&lan=en-US&anchor=www.bauerfinancial.com&index=2&md5=ea3ffe509ad02600006f158a549f5386)\n). For additional information, please visit thatsmybank.com or call (707)\n678-7742. Member FDIC. Equal Housing Lender.\n\nForward-Looking Statements\n\nThis press release and other public statements may include certain\n“forward-looking statements” about First Northern Community Bancorp and\nits subsidiaries (the “Company”). These forward-looking statements are\nbased on management’s current expectations, including but not limited to\nstatements about the Company’s performance and focus on improving\nshareholder value and the potential benefits of the uplisting of the\nCompany’s common stock to The Nasdaq Capital Market, and are subject to\ncertain risks, uncertainties and changes in circumstances. Actual results may\ndiffer materially from these expectations due to changes in global political,\neconomic, trade, business, competitive, market and regulatory factors. More\ndetailed information about these risk factors is contained in the Company’s\nreports filed with the Securities and Exchange Commission on Forms 10-K and\n10-Q, each as it may be amended from time to time, which identify important\nrisk factors that could cause actual results to differ materially from those\ncontained in the forward-looking statements. Any anticipated benefits of the\nuplisting of the Company’s common stock to The Nasdaq Capital Market are\nsubject to market conditions and other factors outside of the Company’s\ncontrol, and no assurance can be given as to the effect that the uplisting may\nhave on the trading volume of our stock or on the liquidity of an investment\nin our stock. The financial information contained in this release should be\nread in conjunction with the consolidated financial statements and notes\nthereto included in the Company’s most recent reports on Form 10-K and Form\n10-Q, and any reports on Form 8-K. Readers are cautioned not to place undue\nreliance on forward‑looking statements, which speak only as of the date\nmade. The Company undertakes no obligation to update any forward-looking\nstatements to reflect events or circumstances arising after the date on which\nthey are made, except as may be required by applicable law. For further\ninformation regarding the Company, please read the Company’s reports filed\nwith the SEC and available at www.sec.gov\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sec.gov&esheet=54525849&newsitemid=20260429568379&lan=en-US&anchor=www.sec.gov&index=3&md5=fde683576e28a0154dc6b6acfa36908c)\n.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260429568379/en/\n(https://www.businesswire.com/news/home/20260429568379/en/)\n\nJeremiah Z. Smith\n\nPresident & Chief Executive Officer\n\nFirst Northern Community Bancorp\n\n& First Northern Bank\n\nP.O. Box 547\n\nDixon, California (707) 678-3041\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-04-30T00:45:00.200372726Z","server_sent_at_ms":1777509900200},"received_at":"2026-04-30T00:45:00.358Z","source_url":"https://www.businesswire.com/news/home/20260429568379/en/"},"analysis":{"id":"10966","press_release_id":"14110","analysis_json":{"industry":{"label":"Banks","sector":"Financials"},"redFlags":[],"eventType":"earnings","narrative":"First Northern Community Bancorp reported Q1 2026 net income of $5.9 million, or $0.36 per diluted share, representing a 60.9% increase from the prior year. The results were driven by a 19-basis point expansion in net interest margin to 3.83% and a 4.8% decrease in operating expenses.\n\nNon-interest income rose 20.1%, bolstered by the Beacon Wealth client acquisition, while the bank maintained strong credit quality with a well-capitalized status. Management highlighted improved yields on interest-earning assets and disciplined cost management as key drivers.\n\nShareholder returns were a primary focus, featuring a 5% stock dividend paid in March and the authorization of a new 6% share repurchase program. Additionally, the company uplisted to the Nasdaq Capital Market in late April.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"First Northern Bank delivers 61% profit surge, initiates 6% buyback, and uplists to Nasdaq."},"keyFigures":{"eps":0.36,"customDimensions":{"net_income":"$5.9 million","buyback_percent":"6%","nim_expansion_bps":19,"net_interest_margin":"3.83%","net_income_yoy_growth":"60.9%","stock_dividend_percent":"5%"}},"quotedText":"The Company delivered strong financial results in the first quarter with net income of $5.9 million, an increase of 60.9% when compared to the net income of $3.7 million in the first quarter of 2025.","namedEntities":{"people":[{"name":"Jeremiah Smith","role":"President and Chief Executive Officer"}],"products":["Beacon Wealth"],"companies":[{"name":"First Northern Community Bancorp","ticker":"FNRN"},{"name":"First Northern Bank","relationship":"subsidiary"},{"name":"Beacon Wealth","relationship":"acquired business unit"}],"dollarAmounts":[{"amount":"$5.9 million","context":"Q1 2026 net income"},{"amount":"$3.7 million","context":"Q1 2025 net income"},{"amount":"$1.92 billion","context":"Total assets as of March 31, 2026"},{"amount":"$1.06 billion","context":"Total net loans as of March 31, 2026"},{"amount":"$1.69 billion","context":"Total deposits as of March 31, 2026"},{"amount":"$1.8 million","context":"increase in net interest income after provision"},{"amount":"$13.03","context":"Book value per share at March 31, 2026"}]},"materialImpact":{"score":4,"reasoning":"Net income surged 60.9% year-over-year to $5.9 million, driven by significant net interest margin expansion and expense discipline. The company also enhanced shareholder value through a 5% stock dividend and a new 6% share repurchase authorization."},"tickerRelevance":{"others":[],"primary":"FNRN"},"globalImportance":25,"audienceRelevance":10,"eventTypeSecondary":["dividend","buyback"],"importanceComponents":{"tickerTier":"small_cap","eventGravity":"strong_yoy_growth_and_capital_return","sectorWeight":"financials","householdBrandBoost":false}},"event_type":"earnings","event_type_secondary":["dividend","buyback"],"sentiment":"bullish","material_impact_score":4,"narrative":"First Northern Community Bancorp reported Q1 2026 net income of $5.9 million, or $0.36 per diluted share, representing a 60.9% increase from the prior year. The results were driven by a 19-basis point expansion in net interest margin to 3.83% and a 4.8% decrease in operating expenses.\n\nNon-interest income rose 20.1%, bolstered by the Beacon Wealth client acquisition, while the bank maintained strong credit quality with a well-capitalized status. Management highlighted improved yields on interest-earning assets and disciplined cost management as key drivers.\n\nShareholder returns were a primary focus, featuring a 5% stock dividend paid in March and the authorization of a new 6% share repurchase program. Additionally, the company uplisted to the Nasdaq Capital Market in late April.","key_figures":{"eps":0.36,"customDimensions":{"net_income":"$5.9 million","buyback_percent":"6%","nim_expansion_bps":19,"net_interest_margin":"3.83%","net_income_yoy_growth":"60.9%","stock_dividend_percent":"5%"}},"named_entities":{"people":[{"name":"Jeremiah Smith","role":"President and Chief Executive Officer"}],"products":["Beacon Wealth"],"companies":[{"name":"First Northern Community Bancorp","ticker":"FNRN"},{"name":"First Northern Bank","relationship":"subsidiary"},{"name":"Beacon Wealth","relationship":"acquired business unit"}],"dollarAmounts":[{"amount":"$5.9 million","context":"Q1 2026 net income"},{"amount":"$3.7 million","context":"Q1 2025 net income"},{"amount":"$1.92 billion","context":"Total assets as of March 31, 2026"},{"amount":"$1.06 billion","context":"Total net loans as of March 31, 2026"},{"amount":"$1.69 billion","context":"Total deposits as of March 31, 2026"},{"amount":"$1.8 million","context":"increase in net interest income after provision"},{"amount":"$13.03","context":"Book value per share at March 31, 2026"}]},"model_name":"glm-4.7","prompt_hash":"sha256:1fc968c3ac7f7ebb","schema_hash":"sha256:1f8af1196c7db48c","created_at":"2026-04-30T02:37:38.586Z","global_importance":25,"audience_relevance":10,"importance_components":{"tickerTier":"small_cap","eventGravity":"strong_yoy_growth_and_capital_return","sectorWeight":"financials","householdBrandBoost":false}},"durationMs":205123,"modelName":"glm-4.7"}}