First Northern Community Bancorp Reports Second Quarter 2026 Net Income of $4.7 Million
First Northern Community Bancorp reported Q2 2026 net income of $4.7 million, or $0.29 per diluted share, a 13.5% decrease from the prior year's quarter. Management attributed the earnings dip to elevated operating expenses related to an accelerated systems upgrade project, which is expected to continue into the fourth quarter.
Key figures
- Eps
- $0.29
- Roaa
- 0.98%
- Roae
- 8.80%
- Net loans
- $1.09 billion
- Total assets
- $1.93 billion
- Cost of funds
- 0.90%
- Total deposits
- $1.69 billion
- Efficiency ratio
- 63.69%
- Non accrual loans
- $4.6 million
- Net interest income
- $17.006 million
- Net interest margin
- 3.75%
- Non interest income
- $1.8 million
- Book value per share
- $13.24
- Provision for credit losses
- $600,000
AI analysis
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