First Northern Community Bancorp

First Northern Community Bancorp (FNRN) reported strong FY 2025 results with net income of $21.1M, up 5.5% from $20.0M in 2024. Basic EPS rose 8.3% to $1.30 from $1.20, while diluted EPS increased 6.7% to $1.27 from $1.19. Net interest income grew 4.8% to $67.5M from $64.4M, driven by higher yields on loans (5.53% vs 5.30%) and investment securities (3.00% vs 2.54%), partially offset by lower due from banks income. Net interest margin expanded 17 bps to 3.77%. No provision for credit losses was recorded in 2025 versus a $0.3M reversal in 2024, reflecting improved economic forecasts. Non-interest income edged up 1.3% to $6.1M, while non-interest expenses rose 7.9% to $46.2M due to higher salaries, occupancy, and data processing. Total assets reached $1.91B, up 1.0%, with loans at $1.05B (up 0.4%) and deposits at $1.68B (down 1.2%). Stockholders’ equity surged 20.2% to $212.0M, bolstered by net income and reduced AOCI losses. The company repurchased $4.7M in shares under its program. Strong capital position (Tier 1 Leverage 11.3%) supports growth amid stable asset quality.

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