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Complete financial analysis of First Northern Community Bancorp (FNRN) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of First Northern Community Bancorp, a leading company in the Banks – Regional industry within the Financial Services sector.
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First Northern Community Bancorp (FNRN)
About First Northern Community Bancorp
First Northern Community Bancorp operates as the bank holding company for First Northern Bank of Dixon that provides commercial banking products and services to individuals, and small to medium sized businesses. The company accepts demand deposits, interest-bearing transaction deposits, savings and money market accounts, and time deposits. Its loan portfolio comprises of commercial, commercial real estate, agriculture, residential mortgage, residential construction, and consumer loans. The company also offers credit cards; investment and brokerage services; alternative investment products, and fiduciary and other financial services; and equipment leasing, merchant card processing, payroll, and international banking services through third parties. In addition, it provides issues cashier's checks, safe deposit boxes rental, and other customary banking services. The company operates eleven full-service branches located in the cities of Auburn, Davis, Dixon, Fairfield, Rancho Cordova, Roseville, Sacramento, Vacaville, West Sacramento, Winters, and Woodland; a satellite banking office inside a retirement community in the city of Davis; a residential mortgage loan office in Davis; and a commercial loan office in the Contra Costa County city of Walnut Creek. First Northern Community Bancorp was founded in 1910 and is headquartered in Dixon, California.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 71.88M | 61.63M | 54.13M | 55.19M | 54.33M | 51.56M | 47.07M | 42.09M | 39.57M | 37.03M | 36.89M | 35.90M | 35.70M | 35.48M | 36.66M | 40.29M | 44.02M | 43.93M | 40.89M | 33.41M | 34.38M | 29.68M | 24.73M | 23.59M |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 18.77M | 19.88M | 18.60M | 0.00 | 18.13M | 0.00 | 19.15M | 19.89M | 0.00 | 19.15M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 71.88M | 61.63M | 54.13M | 55.19M | 54.33M | 51.56M | 47.07M | 42.09M | 39.57M | 18.26M | 17.01M | 17.30M | 35.70M | 17.35M | 36.66M | 21.14M | 24.12M | 43.93M | 21.74M | 33.41M | 34.38M | 29.68M | 24.73M | 23.59M |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 49.30% | 46.11% | 48.19% | 100.00% | 48.90% | 100.00% | 52.47% | 54.80% | 100.00% | 53.17% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 26.24M | 24.79M | 26.68M | 26.36M | 25.34M | 23.67M | 20.73M | 18.98M | 19.66M | 17.99M | 19.01M | 17.83M | 15.48M | 17.05M | 17.76M | 15.47M | 16.24M | 17.46M | 15.92M | 13.55M | 13.76M | 12.64M | 10.35M | 9.32M |
| Selling & Marketing | 474.00K | 496.00K | 382.00K | 418.00K | 434.00K | 373.00K | 328.00K | 308.00K | 311.00K | 344.00K | 374.00K | 373.00K | 576.00K | 543.00K | 712.00K | 717.00K | 885.00K | 894.00K | 736.00K | 416.00K | 409.00K | 422.00K | 301.00K | 388.00K |
| SG&A | 26.72M | 25.28M | 27.06M | 26.78M | 25.77M | 24.04M | 21.06M | 19.29M | 19.97M | 18.34M | 19.38M | 18.20M | 16.06M | 17.59M | 18.47M | 16.19M | 17.13M | 18.35M | 16.65M | 13.96M | 14.17M | 13.06M | 10.66M | 9.71M |
| Other Expenses | 0.00 | -64.06M | -61.76M | -65.31M | -59.71M | -57.04M | -8.25M | -7.64M | 0.00 | 0.00 | 0.00 | 0.00 | -47.96M | 0.00 | -59.03M | 0.00 | 0.00 | -48.30M | 0.00 | -37.11M | -39.19M | -34.15M | -27.28M | -25.60M |
| Operating Expenses | 35.44M | -38.78M | -34.70M | -38.53M | -33.94M | -33.00M | 8.25M | 7.64M | 26.58M | 25.26M | 26.92M | 26.44M | -31.90M | 543.00K | -40.56M | 717.00K | 885.00K | -29.95M | 736.00K | -23.15M | -25.02M | -21.09M | -16.63M | -15.89M |
| Cost & Expenses | 35.44M | -38.78M | -34.70M | -38.53M | -33.94M | -33.00M | 31.07M | 29.08M | 26.58M | 25.26M | 26.92M | 26.44M | -31.90M | 18.67M | -40.56M | 19.87M | 20.78M | -29.95M | 19.89M | -23.15M | -25.02M | -21.09M | -16.63M | -15.89M |
| Interest Income | 74.12M | 55.88M | 47.18M | 48.86M | 48.99M | 45.62M | 40.02M | 35.97M | 33.13M | 30.84M | 28.86M | 28.26M | 28.79M | 29.93M | 33.07M | 38.87M | 48.59M | 48.07M | 40.90M | 31.62M | 30.33M | 28.94M | 29.52M | 28.86M |
| Interest Expense | 7.58M | 1.19M | 912.00K | 1.48M | 1.86M | 1.27M | 1.08M | 1.16M | 1.15M | 1.29M | 1.27M | 1.80M | 2.48M | 3.61M | 4.96M | 6.38M | 11.74M | 9.43M | 5.73M | 3.43M | 3.11M | 4.24M | 8.32M | 8.99M |
| Depreciation & Amortization | 2.91M | 1.88M | 1.82M | 2.21M | 1.59M | 565.00K | 600.00K | 633.00K | 640.00K | 672.00K | 692.00K | 699.00K | 2.54M | 1.96M | 1.56M | 1.05M | 1.11M | 1.04M | 1.04M | 1.34M | 1.35M | 1.38M | 997.00K | 1.05M |
| EBITDA | 32.55M | 23.54M | 21.71M | 18.87M | 21.98M | 17.86M | 17.67M | 14.80M | 11.30M | 9.33M | 8.93M | 7.07M | 6.33M | 3.86M | -2.96M | -3.96M | 11.84M | 15.02M | 14.52M | 11.60M | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Ratio | 45.29% | 40.12% | 39.26% | 34.20% | 40.45% | 37.10% | 37.53% | 32.24% | 28.56% | 25.20% | 24.20% | 19.69% | 17.74% | 13.05% | -6.37% | -9.84% | 26.20% | 34.19% | 35.51% | 34.72% | 31.15% | 33.59% | 36.80% | 37.10% |
| Operating Income | 36.44M | 22.85M | 19.43M | 16.66M | 20.39M | 18.56M | 17.07M | 12.94M | 10.66M | 8.66M | 8.24M | 6.37M | 3.80M | 2.67M | -3.90M | -5.01M | 10.42M | 13.98M | 13.48M | 10.26M | 9.36M | 8.59M | 8.10M | 7.70M |
| Operating Income Ratio | 50.70% | 37.08% | 35.89% | 30.19% | 37.53% | 36.00% | 36.26% | 30.74% | 26.94% | 23.39% | 22.33% | 17.74% | 10.63% | 7.53% | -10.63% | -12.43% | 23.67% | 31.82% | 32.96% | 30.70% | 27.22% | 28.94% | 32.76% | 32.65% |
| Total Other Income/Expenses | -6.80M | -6.73M | -5.69M | -2.21M | -5.01M | -5.35M | -4.29M | -5.12M | -4.94M | -4.78M | -4.47M | -344.00K | -733.00K | 0.00 | 0.00 | -998.00K | 0.00 | -1.04M | 0.00 | 0.00 | -4.46M | -5.62M | -9.32M | -10.04M |
| Income Before Tax | 29.65M | 21.67M | 19.43M | 16.66M | 20.39M | 17.30M | 17.07M | 12.94M | 10.66M | 8.66M | 8.24M | 6.37M | 3.80M | 2.67M | -3.90M | -5.01M | 10.42M | 13.98M | 13.48M | 10.26M | 9.36M | 8.59M | 8.10M | 7.70M |
| Income Before Tax Ratio | 41.24% | 35.16% | 35.89% | 30.19% | 37.53% | 33.54% | 36.26% | 30.74% | 26.94% | 23.39% | 22.33% | 17.74% | 10.63% | 7.53% | -10.63% | -12.43% | 23.67% | 31.82% | 32.96% | 30.70% | 27.22% | 28.94% | 32.76% | 32.65% |
| Income Tax Expense | 8.09M | 5.78M | 5.24M | 4.50M | 5.67M | 4.74M | 8.32M | 4.89M | 3.74M | 2.79M | 2.85M | 1.72M | 1.13M | 7.00K | -2.84M | -3.64M | 3.14M | 5.17M | 4.79M | 3.55M | 3.25M | 2.87M | 2.77M | 2.66M |
| Net Income | 21.55M | 15.88M | 14.19M | 12.16M | 14.72M | 12.55M | 8.75M | 8.05M | 6.92M | 5.87M | 5.38M | 4.65M | 2.66M | 2.67M | -1.05M | -1.37M | 7.28M | 8.81M | 8.69M | 6.71M | 6.11M | 5.72M | 5.33M | 5.04M |
| Net Income Ratio | 29.99% | 25.77% | 26.21% | 22.04% | 27.10% | 24.34% | 18.59% | 19.13% | 17.49% | 15.85% | 14.59% | 12.94% | 7.46% | 7.51% | -2.88% | -3.41% | 16.54% | 20.05% | 21.25% | 20.08% | 17.78% | 19.27% | 21.55% | 21.38% |
| EPS | 1.41 | 1.00 | 0.92 | 0.74 | 0.95 | 0.85 | 0.60 | 0.55 | 0.47 | 0.39 | 0.33 | 0.24 | 0.09 | 0.12 | -0.07 | -0.10 | 0.48 | 0.60 | 0.58 | 0.43 | 0.40 | 0.37 | 0.34 | 0.30 |
| EPS Diluted | 1.41 | 0.99 | 0.90 | 0.74 | 0.94 | 0.84 | 0.59 | 0.54 | 0.46 | 0.39 | 0.33 | 0.24 | 0.09 | 0.12 | -0.07 | -0.10 | 0.47 | 0.57 | 0.56 | 0.42 | 0.40 | 0.36 | 0.32 | 0.30 |
| Weighted Avg Shares Out | 15.29M | 15.84M | 15.49M | 16.36M | 15.53M | 14.75M | 14.70M | 14.66M | 14.61M | 14.54M | 14.49M | 14.44M | 14.37M | 14.29M | 14.22M | 14.15M | 15.10M | 14.81M | 14.86M | 15.00M | 15.06M | 15.41M | 15.93M | 16.63M |
| Weighted Avg Shares Out (Dil) | 15.33M | 16.01M | 15.69M | 16.51M | 15.72M | 14.96M | 14.89M | 14.75M | 14.69M | 14.61M | 14.55M | 14.48M | 14.38M | 14.29M | 14.22M | 14.15M | 15.55M | 15.44M | 15.55M | 15.39M | 15.37M | 15.88M | 16.40M | 16.88M |
First Northern Community Bancorp: Trading At A 15% Discount To TBV
FNRN is the holding company of the First Northern Bank of Dixon in California. With just under $2B in assets, the balance sheet is very liquid with plenty of cash and securities AFS. The loan book appears to be robust,...
First Northern Community Bancorp Reports Third Quarter 2024 Net Income of $5.5 Million
DIXON, Calif.--(BUSINESS WIRE)--First Northern Community Bancorp (the “Company”, OTCQX: FNRN), holding company for First Northern Bank (“First Northern” or the “Bank”), today reported net income of $14.2 million, or $0.92 per diluted share, for the nine months ended September 30,...
Quinn and Martinez Elected to Lead the Board of First Northern Community Bancorp
DIXON, Calif.--(BUSINESS WIRE)--First Northern Community Bancorp (OTCQX: FNRN), holding company for First Northern Bank, announced that Sean Quinn was elected to a three-year term as Chairman and Rick Martinez was elected to a one-year term as Vice Chairman at its...
First Northern Community Bancorp Reports First Quarter 2024 Net Income of $4.3 Million
DIXON, Calif.--(BUSINESS WIRE)--First Northern Community Bancorp (the “Company”, OTCQX: FNRN), holding company for First Northern Bank (“First Northern” or the “Bank”), today reported net income of $4.3 million, or $0.28 per diluted share, for the three months ended March 31,...
First Northern Bank Promotes Human Resources Director to Chief Human Resources Officer
DIXON, Calif.--(BUSINESS WIRE)--First Northern Bank (OTCQX: FNRN), the region's #1 local small business lender, proudly announces the promotion of Libby Feyh to the newly created role of Executive Vice President and Chief Human Resources Officer (CHRO). Feyh has served First...
First Northern Bank Hires Seasoned Banker as Chief Credit Officer
DIXON, Calif.--(BUSINESS WIRE)--First Northern Bank (OTCQX: FNRN), the region's #1 local small business lender, proudly announces the appointment of Brett Hamilton as its new Executive Vice President and Chief Credit Officer. Retiring Chief Credit Officer, Joe Danelson, will serve as...
First Northern Community Bancorp Announces Stock Repurchase Program
DIXON, Calif.--(BUSINESS WIRE)--The Board of Directors of First Northern Community Bancorp (FNRN), holding company of First Northern Bank, has announced a stock repurchase program for the Company's outstanding common stock. Based on market conditions, share repurchases may be made from...
First Northern Community Bancorp Reports Record Year End 2023 Net Income of $21.6 Million
DIXON, Calif.--(BUSINESS WIRE)--First Northern Community Bancorp (the “Company”, OTCQX: FNRN), holding company for First Northern Bank (“First Northern” or the “Bank”), today reported 2023 annual net income of $21.6 million, or $1.41 per diluted share, increases of 35.7% and 35.6%,...
First Northern Community Bancorp Announces Intention to Trade Stock on the OTCQX Best Market
DIXON, Calif.--(BUSINESS WIRE)--First Northern Community Bancorp (the “Company”, OTCQB: FNRN), holding company for First Northern Bank (“First Northern” or the “Bank”), today reported its intention to upgrade the Company's stock trading platform from the OTCQB® Venture Market to the OTCQX®...
First Northern Community Bancorp Reports Third Quarter 2023 Net Income of $4.6 Million
DIXON, Calif.--(BUSINESS WIRE)--First Northern Community Bancorp (the “Company”, OTCQB: FNRN), holding company for First Northern Bank (“First Northern” or the “Bank”), today reported net income of $14.7 million, or $1.01 per diluted share, for the nine months ended September 30,...
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Category: Stock Reports