First Northern Community Bancorp Reports Third Quarter 2024 Net Income of $5.5 Million
FIRST NTHN COMMUNTY BNCRP (FNRN)
NASDAQ:AMEX Investor Relations:
thatsmybank.com
Company Research
Source: Business Wire
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, 2024, down 3.3% compared to net income of $14.7 million, or $0.96 per diluted share, for the nine months ended September 30, 2023.Net income for the quarter ended September 30, 2024, was $5.5 million, or $0.36 per diluted share, up 18.8% compared to net income of $4.6 million, or $0.30 per diluted share, for the quarter ended September 30, 2023.Total assets as of September 30, 2024, were $1.93 billion, an increase of $28.4 million, or 1.5%, compared to September 30, 2023. Total deposits as of September 30, 2024, were $1.73 billion, a decrease of $14.3 million, or 0.8%, compared to September 30, 2023. Total net loans (including loans held-for-sale) as of September 30, 2024, were $1.042 billion, an increase
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