In the Q2, First Northern Community Bancorp's corporate clients experienced a decline by -10.21 % in their costs of revenue, compared to a year ago, sequentially costs of revenue grew by 7.13 %. During the corresponding time, First Northern Community Bancorp saw a revenue deteriorated by -1.74 % year on year, sequentially revenue fell by -2.55 %. While revenue at the First Northern Community Bancorp's corporate clients fell by -5.05 % year on year, sequentially revenue grew by 12.72 %.
Customers of First Northern Community Bancorp saw their costs of revenue decline by -10.21 % in Q2 compare to a year ago, sequentially costs of revenue grew by 7.13 %, for the same period First Northern Community Bancorp revnue deteriorated by -1.74 % year on year, sequentially revenue fell by -2.55 %.
First Northern Community Bancorp's Comment on Sales, Marketing and Customers
The company operates through its wholly-owned subsidiary, First Northern Bank of Dixon, serving customers in the California counties of Solano, Yolo, Placer, Sacramento, and parts of El Dorado County. First Northern Bank focuses on the banking needs of individuals and small- to medium-sized businesses. It maintains fourteen full-service branches located in Auburn, Colusa, Davis, Dixon, Fairfield, Orland, Rancho Cordova, Roseville, Sacramento, Vacaville, West Sacramento, Winters, Willows, and Woodland. Additionally, the bank has a satellite banking office within a retirement community in Davis and a residential mortgage loan office at the Davis branch.
The bank offers a range of products and services including deposit accounts, commercial, consumer, and real estate loans, safe deposit boxes, equipment leasing, credit cards, merchant card processing, payroll services, and limited international banking services. Through Raymond James Financial Services, Inc., with offices in West Sacramento, Roseville, Davis, and Auburn, the bank provides alternative investment products, fiduciary services, and other financial services. The bank's primary source of revenue is interest income derived from loans, leases, investments, and interest-bearing accounts.
First Northern Community Bancorp’s Comment on Sales, Marketing and Customers
The company operates through its wholly-owned subsidiary, First Northern Bank of Dixon, serving customers in the California counties of Solano, Yolo, Placer, Sacramento, and parts of El Dorado County. First Northern Bank focuses on the banking needs of individuals and small- to medium-sized businesses. It maintains fourteen full-service branches located in Auburn, Colusa, Davis, Dixon, Fairfield, Orland, Rancho Cordova, Roseville, Sacramento, Vacaville, West Sacramento, Winters, Willows, and Woodland. Additionally, the bank has a satellite banking office within a retirement community in Davis and a residential mortgage loan office at the Davis branch.
The bank offers a range of products and services including deposit accounts, commercial, consumer, and real estate loans, safe deposit boxes, equipment leasing, credit cards, merchant card processing, payroll services, and limited international banking services. Through Raymond James Financial Services, Inc., with offices in West Sacramento, Roseville, Davis, and Auburn, the bank provides alternative investment products, fiduciary services, and other financial services. The bank's primary source of revenue is interest income derived from loans, leases, investments, and interest-bearing accounts.
Sources:
First Northern Community Bancorp’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: First Northern Community Bancorp’s corporate clients.
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