First Northern Community Bancorp Financials
This page shows First Northern Community Bancorp (FNRN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
First Northern’s liability-funded balance sheet still produces cash, but higher interest costs have eaten the benefit of rising revenue.
Revenue reached$82.3M in FY2025 from$55.9M in FY2022, but the added business did not translate into earnings. That disconnect lines up with interest expense jumping to$14.8M from$1.2M , so the key shift is margin compression rather than a lack of revenue growth.
Operating cash flow stayed positive even while reported profit hovered near breakeven, so earnings quality looked better than the income line alone suggests and the cash picture was less weak than net income implies. But free cash flow fell to
The capital cushion thickened as equity rose to
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of First Northern Community Bancorp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
First Northern Community Bancorp's revenue grew a modest 4.6% year-over-year to $82.3M. This slow but positive growth earns a score of 42/100.
First Northern Community Bancorp carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
First Northern Community Bancorp converts 6.3% of revenue into free cash flow ($5.2M). This strong cash generation earns a score of 69/100.
First Northern Community Bancorp generates a 0.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 11/100. This is up from 0.0% the prior year.
First Northern Community Bancorp passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, First Northern Community Bancorp generates $326.49 in operating cash flow ($6.9M OCF vs $21K net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
First Northern Community Bancorp generated $82.3M in revenue in fiscal year 2025. This represents an increase of 4.6% from the prior year.
First Northern Community Bancorp reported $21K in net income in fiscal year 2025. This represents an increase of 5.5% from the prior year.
First Northern Community Bancorp earned $1.27 per diluted share (EPS) in fiscal year 2025. This represents an increase of 6.7% from the prior year.
Cash & Balance Sheet
First Northern Community Bancorp generated $5.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 72.9% from the prior year.
First Northern Community Bancorp held $145.6M in cash against $0 in long-term debt as of fiscal year 2025.
First Northern Community Bancorp had 16M shares outstanding in fiscal year 2025. This represents an increase of 2.9% from the prior year.
Margins & Returns
First Northern Community Bancorp's net profit margin was 0.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.0 percentage points from the prior year.
First Northern Community Bancorp's ROE was 0.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.0 percentage points from the prior year.
Capital Allocation
First Northern Community Bancorp spent $4.7M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 26.2% from the prior year.
First Northern Community Bancorp invested $1.7M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 395.6% from the prior year.
FNRN Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $21.0M-3.3% | $21.7M+5.6% | $20.5M-0.1% | $20.6M+5.5% | $19.5M-3.9% | $20.3M0.0% | $20.3M+3.9% | $19.5M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $6.6M+2.2% | $6.4M+0.4% | $6.4M+3.2% | $6.2M-2.8% | $6.4M+19.3% | $5.3M-14.4% | $6.2M+11.6% | $5.6M |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $3.8M-5.0% | $4.0M+7.0% | $3.7M+2.1% | $3.6M+1.7% | $3.6M-5.3% | $3.8M-1.0% | $3.8M+6.9% | $3.6M |
| Income Tax | $1.7M-25.6% | $2.3M+302.8% | $569K-73.3% | $2.1M+65.8% | $1.3M-43.9% | $2.3M+5.9% | $2.2M+28.0% | $1.7M |
| Net Income | $5.9M+139.0% | -$15.1M-351.6% | $6.0M+10.0% | $5.5M+48.9% | $3.7M+125.9% | -$14.2M-358.2% | $5.5M+24.1% | $4.4M |
| EPS (Diluted) | $0.36 | N/A | $0.38+8.6% | $0.35+59.1% | $0.22 | N/A | $0.34+25.9% | $0.27 |
FNRN Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.9B+0.7% | $1.9B+0.1% | $1.9B+1.9% | $1.9B-0.2% | $1.9B-0.8% | $1.9B-2.0% | $1.9B+2.3% | $1.9B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $139.6M-4.1% | $145.6M-2.6% | $149.5M+17.9% | $126.9M+13.5% | $111.7M-6.5% | $119.4M-27.1% | $163.9M-9.8% | $181.8M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | $0 | N/A | N/A |
| Total Liabilities | $1.7B+0.7% | $1.7B-0.3% | $1.7B+1.6% | $1.7B-0.6% | $1.7B-1.6% | $1.7B-1.9% | $1.7B+1.5% | $1.7B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | $0 | N/A | N/A | N/A | $0 | N/A | N/A |
| Total Equity | $213.8M+0.8% | $212.0M+3.5% | $204.8M+5.1% | $194.9M+3.8% | $187.8M+6.5% | $176.3M-3.1% | $182.0M+9.8% | $165.7M |
| Retained Earnings | $97.3M+5.8% | $92.0M-4.3% | $96.1M+6.7% | $90.1M+6.5% | $84.6M+4.1% | $81.3M-1.6% | $82.6M+7.1% | $77.1M |
FNRN Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $4.3M-43.9% | $7.6M+214.1% | -$6.6M-361.2% | $2.5M-25.6% | $3.4M-46.0% | $6.3M-21.0% | $8.0M+214.8% | $2.5M |
| Capital Expenditures | $498K+15.5% | $431K-48.6% | $838K+150.1% | $335K+249.0% | $96K-21.3% | $122K+19.6% | $102K-14.3% | $119K |
| Free Cash Flow | $3.8M-47.4% | $7.1M+195.5% | -$7.5M-438.8% | $2.2M-33.6% | $3.3M-46.5% | $6.2M-21.5% | $7.9M+226.0% | $2.4M |
| Investing Cash Flow | -$24.6M-756.2% | -$2.9M-139.5% | $7.3M-70.9% | $25.0M+62.2% | $15.4M+185.7% | -$18.0M+63.5% | -$49.3M-967.4% | -$4.6M |
| Financing Cash Flow | $14.4M+266.2% | -$8.7M-139.3% | $22.0M+277.5% | -$12.4M+53.3% | -$26.6M+19.1% | -$32.8M-240.1% | $23.4M+867.6% | -$3.1M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $1.2M-22.1% | $1.5M+32.1% | $1.1M+27.9% | $876K-31.2% | $1.3M+31.5% | $969K-37.7% | $1.6M+25.6% | $1.2M |
FNRN Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 28.2%+97.9pp | -69.8%-99.0pp | 29.3%+2.7pp | 26.6%+7.7pp | 18.8%+88.7pp | -69.8%-96.9pp | 27.0%+4.4pp | 22.7% |
| Return on Equity | 2.8%+9.9pp | -7.1%-10.1pp | 2.9%+0.1pp | 2.8%+0.9pp | 1.9%+10.0pp | -8.0%-11.1pp | 3.0%+0.3pp | 2.7% |
| Return on Assets | 0.3%+1.1pp | -0.8%-1.1pp | 0.3%+0.0pp | 0.3%+0.1pp | 0.2%+0.9pp | -0.8%-1.0pp | 0.3%+0.1pp | 0.2% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 8.00+8.0 | 0.00-8.3 | 8.32-0.3 | 8.61-0.4 | 8.99+9.0 | 0.00-9.6 | 9.61-0.8 | 10.39 |
| FCF Margin | 17.9%-15.0pp | 33.0%+69.4pp | -36.4%-47.1pp | 10.7%-6.3pp | 17.0%-13.6pp | 30.6%-8.4pp | 39.0%+26.5pp | 12.4% |
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Frequently Asked Questions
What is First Northern Community Bancorp's annual revenue?
First Northern Community Bancorp (FNRN) reported $82.3M in total revenue for fiscal year 2025. This represents a 4.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is First Northern Community Bancorp's revenue growing?
First Northern Community Bancorp (FNRN) revenue grew by 4.6% year-over-year, from $78.7M to $82.3M in fiscal year 2025.
Is First Northern Community Bancorp profitable?
Yes, First Northern Community Bancorp (FNRN) reported a net income of $21K in fiscal year 2025, with a net profit margin of 0.0%.
How much debt does First Northern Community Bancorp have?
As of fiscal year 2025, First Northern Community Bancorp (FNRN) had $145.6M in cash and equivalents against $0 in long-term debt.
What is First Northern Community Bancorp's net profit margin?
First Northern Community Bancorp (FNRN) had a net profit margin of 0.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is First Northern Community Bancorp's return on equity (ROE)?
First Northern Community Bancorp (FNRN) has a return on equity of 0.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is First Northern Community Bancorp's free cash flow?
First Northern Community Bancorp (FNRN) generated $5.2M in free cash flow during fiscal year 2025. This represents a -72.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is First Northern Community Bancorp's operating cash flow?
First Northern Community Bancorp (FNRN) generated $6.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are First Northern Community Bancorp's total assets?
First Northern Community Bancorp (FNRN) had $1.9B in total assets as of fiscal year 2025, including both current and long-term assets.
What are First Northern Community Bancorp's capital expenditures?
First Northern Community Bancorp (FNRN) invested $1.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is First Northern Community Bancorp's debt-to-equity ratio?
First Northern Community Bancorp (FNRN) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is First Northern Community Bancorp's return on assets (ROA)?
First Northern Community Bancorp (FNRN) had a return on assets of 0.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is First Northern Community Bancorp's Piotroski F-Score?
First Northern Community Bancorp (FNRN) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are First Northern Community Bancorp's earnings high quality?
First Northern Community Bancorp (FNRN) has an earnings quality ratio of 326.49x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is First Northern Community Bancorp?
First Northern Community Bancorp (FNRN) scores 37 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.