Earnings Releases·Oct 29, 2026, 7:44 PM ET

First Northern Community Bancorp — Third Quarter 2026 Earnings Summary

Net income rose 3.1% year-over-year to $6.2 million ($0.38 per share) for the quarter, while nine-month net income increased 11.1% to $16.8 million; net interest income grew 14.95% to $19.366 million, and net interest margin expanded to 4.12%.
Total loans and deposits grew 7.4% and 4.4% respectively year-over-year, driven by commercial loan growth and a 16.1% annualized deposit increase, though non-interest expenses rose 6.57% due to project-related investments for a major system upgrade.
Management highlighted strong momentum and confidence in long-term strategy following the company's Nasdaq listing and Russell 3000 inclusion, while noting that additional upgrade costs are expected in the fourth quarter.
The company successfully resolved a longstanding nonaccrual relationship, reducing nonaccrual loans by $1.2 million, and completed a core banking platform replacement on October 13, 2026, maintaining a CET1 capital ratio of 17.3%.