First Northern (FNRN) Q2 Net Jumps 24%
First Northern Community Bancorp (OTC:FNRN), a community banking company serving northern California, released its second quarter 2025 results on July 29, reporting $5.5 million in net income and diluted earnings per share of $0.35—up 23.6% and 29.6%, respectively, from the same quarter in 2024. While there were no analyst estimates for comparison, Net income for the six months ended June 30, 2025, was $9.1 million, or $0.58 per diluted share, up 5.0% from $8.7 million, or $0.54 per diluted share, in the same period of 2024. The quarter showed improvements in core business lines, robust margin management, and expanding return metrics. However, the results included ongoing deposit attrition.
First Northern Community Bancorp focuses on serving communities across Northern California with a network of 14 full-service branches. It concentrates on basic banking services, including lending to local businesses, homebuyers, and individuals. The bank seeks to differentiate itself through strong regional ties and personal customer relationships.
Recent initiatives have centered on selective regional expansion, such as acquiring new branches and deepening customer relationships. Key success factors include effective deposit product pricing and control of non-interest expenses such as salaries and technology costs. Maintaining regulatory capital levels and compliance standards is an ongoing business priority.
Source Fool.com
