FIRST NORTHERN COMMUNITY BANCORP FNRN
First Northern Community Bancorp (the "Company") is a bank holding company registered under the Bank Holding Company Act of 1956, as amended ("BHCA"). Its legal headquarters and principal administrative offices are located at 195 N. First Street, Dixon, CA 95620 and its telephone number is (707) 678-3041. The Company provides a full range of community banking services to individual and corporate customers throughout the California Counties of Solano, Yolo, Placer, and Sacramento as well as portions of El Dorado County through its wholly-owned subsidiary bank, First Northern Bank of Dixon ("First Northern" or the "Bank"). The Company's operating policy since inception has emphasized the banking needs of individuals and small- to medium-sized businesses. In addition, the Bank owns 100% of the capital stock of Yolano Realty Corporation, a subsidiary created for the purpose of managing selected other real estate owned properties.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $82.3M | $78.7M | $74.1M | $55.9M | $47.2M | $48.9M | $49.0M | $45.6M | $40.0M | $36.0M |
| Interest expense | $67.5M | $64.4M | $66.5M | $1.2M | $912.0K | $1.5M | $1.9M | $1.3M | $1.1M | $1.2M |
| Pre-tax income | $27.4M | $27.8M | $29.6M | $21.7M | $19.4M | $16.7M | $20.4M | $17.3M | $17.1M | $12.9M |
| Income tax | $6.3M | $7.8M | $8.1M | $5.8M | $5.2M | $4.5M | $5.7M | $4.7M | $8.3M | $4.9M |
| Net income | $21.1K | $20.0K | $21.6K | $15.9M | $14.2M | $12.2M | $14.7M | $12.6M | $8.7M | $8.1M |
| EPS, basic | 1.30 | 1.20 | 1.35 | 1.05 | 0.96 | 0.86 | 1.10 | 0.94 | 0.69 | 0.67 |
| EPS, diluted | 1.27 | 1.19 | 1.34 | 1.04 | 0.95 | 0.85 | 1.08 | 0.93 | 0.68 | 0.66 |
| Shares, diluted (wtd. avg.) | $16.6M | $16.9M | $16.1M | $15.3M | $14.9M | $14.2M | $13.6M | $13.6M | $12.9M | $12.1M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $145.6M | $119.4M | $149.2M | $187.4M | $345.9M | $267.2M | $111.5M | $116.0M | $152.9M | $159.6M |
| Property, plant and equipment | $8.7M | $9.2M | $10.0M | $6.1M | $6.6M | $6.5M | $6.6M | $6.6M | $6.2M | $7.3M |
| Goodwill | — | $0 | $0 | — | — | — | — | — | — | — |
| Other intangibles | $4.3M | $3.3M | $4.1M | $0 | $0 | $0 | — | — | — | — |
| Total assets | $1.91B | $1.89B | $1.87B | $1.87B | $1.90B | $1.66B | $1.29B | $1.25B | $1.22B | $1.17B |
| Short-term debt | $0 | $0 | — | — | — | — | — | — | — | — |
| Long-term debt | $0 | $0 | — | — | $0 | $0 | $0 | $0 | $0 | $0 |
| Total liabilities | $1.70B | $1.72B | $1.71B | $1.75B | $1.75B | $1.50B | $1.16B | $1.14B | $1.12B | $1.07B |
| Retained earnings | $92.0M | $81.3M | $68.8M | $54.5M | $44.3M | $37.1M | $31.6M | $23.9M | $17.9M | $14.6M |
| Total equity | $212.0M | $176.3M | $159.2M | $125.0M | $150.9M | $150.7M | $132.9M | $112.5M | $100.0M | $92.3M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $6.9M | $19.5M | $27.3M | $21.8M | $25.3M | $12.6M | $16.6M | $15.7M | $16.1M | $9.7M |
| Depreciation and amortisation | $996.0M | $1.06B | $1.0M | $774.0K | $764.0K | $943.0K | $721.0K | $565.0K | $600.0K | $633.0K |
| Stock-based compensation | $849.0K | $846.0K | $820.0K | $655.0K | $588.0K | $574.0K | $475.0K | $424.0K | $378.0K | $286.0K |
| Capital expenditure | $1.7M | $343.0K | $1.2M | $344.0K | $803.0K | $862.0K | $1.1M | $963.0K | $1.2M | $926.0K |
| Investing cash flow | $44.8M | -$53.3M | $83.6M | -$178.8M | -$186.4M | -$201.5M | -$35.2M | -$72.5M | -$64.0M | -$166.5M |
| Financing cash flow | -$25.6M | $4.0M | -$149.1M | -$1.5M | $239.9M | $344.6M | $14.1M | $20.0M | $41.1M | $115.7M |
| Dividends paid | $7.5M | $6.4M | — | — | — | — | — | — | — | — |
| Buybacks | $4.7M | $3.8M | $143.0K | $187.0K | $5.4M | $0 | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-011866.
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