First Northern Community Bancorp's Q3 net income up 9.6% on loan growth

First Northern Community Bancorp

30/10/2025 01:22

Overview

First Northern Community Bancorp's Q3 net income rises 9.6% yr/yr to $6.0 mln

Net interest margin for Q3 improves to 3.75%

Total assets decrease 1.2% yr/yr; net loans increase 1.3%

Outlook

Company did not provide specific guidance for future periods

Result Drivers

NET INTEREST MARGIN - Improvement to 3.75% driven by higher yields on securities and disciplined deposit pricing

TAX STRATEGY - Execution of tax planning strategy reduced effective tax rate through investment tax credits

LOAN GROWTH - Increase in net loans driven by growth in commercial loans

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Income
$6 mln
Q3 Net Interest Margin
3.75%


Press Release: ID:nBw5MYS6fa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)