First Northern Community Bancorp  (FNRN)
Other Ticker:  
    Sector  Financial    Industry S&Ls Savings Banks
   Industry S&Ls Savings Banks
   Sector  Financial
Price: $8.9500 $-0.01 -0.112%
Day's High: $8.96 Week Perf: -0.33 %
Day's Low: $ 8.60 30 Day Perf: 7.44 %
Volume (M): 3 52 Wk High: $ 9.74
Volume (M$): $ 22 52 Wk Avg: $8.35
Open: $8.61 52 Wk Low: $6.61

 Market Capitalization (Millions $) 137
 Shares Outstanding (Millions) 15
 Employees 212
 Revenues (TTM) (Millions $) 75
 Net Income (TTM) (Millions $) 22
 Cash Flow (TTM) (Millions $) -115
 Capital Exp. (TTM) (Millions $) 2

First Northern Community Bancorp

First Northern Bank of Dixon was established in 1910 under a California state charter as Northern Solano Bank, and opened for business on February 1st of that year. On January 2, 1912, the First National Bank of Dixon was established under a federal charter, and until 1955, the two entities operated side by side under the same roof and with the same management. In an effort to increase efficiency of operation, reduce operating expense, and improve lending capacity, the two banks were consolidated on April 8, 1955, with the First National Bank of Dixon as the surviving entity.

The Bank has nine full service branches. Three are located in the Solano County cities of Dixon, Fairfield, and Vacaville. Four branches are located in the Yolo County cities of Winters, Davis, West Sacramento and Woodland; and two branches are located in the Placer County cities of Roseville and Auburn. The Bank also has one satellite banking office inside a retirement community in the city of Davis. In addition, the Bank has a residential mortgage loan office in Davis. The Bank also has an Asset Management & Trust Department in Downtown Sacramento that serves the Banks entire market area. Similarly, the Bank engages financial advisors who offer non-FDIC insured investment and brokerage services throughout the region from offices strategically located in Davis and Auburn. The Bank also has a commercial loan office in the Contra Costa County city of Walnut Creek that serves the East Bay Areas small- to medium-sized business lending needs.

The Bank operates one branch in Davis. The Davis economy is supported significantly by the University of California, Davis.

In 1983, the West Sacramento Branch was opened. The West Sacramento economy is based primarily on transportation, manufacturing, and distribution-related business.

In order to accommodate the demand of the Banks customers for long-term residential real estate loans, a mortgage loan office was opened in 1983. This office is centrally located in Davis, and has enabled the Bank to access the secondary real estate market.

The Vacaville Regency Park Branch was opened in 1985. Vacaville has a diverse economic base including a California state prison, food processing, distribution, shopping centers ("factory outlet stores"), medical, biotech, and other varied industries.

In 1994, the Fairfield Branch was opened. Its diverse economic base includes military, namely Travis Air Force Base, food processing (an Anheuser-Busch plant), retail, namely the "Solano Town Center", manufacturing, medical, agriculture, and other varied industries. Fairfield is the county seat of Solano County.

A mortgage loan production office was opened in El Dorado Hills in April 1996, to serve the growing mortgage loan demand in the foothills area east of Sacramento. This office was moved to Folsom in 2006, a more central location for serving Folsom, Rancho Cordova, and the west slope of El Dorado County. The Folsom office was consolidated into the Roseville Mortgage Office in early 2012.

An SBA Loan Department was opened in April 1997 in Sacramento to serve the small business and industrial loan demand throughout the Banks entire market area. Today, SBA loans are underwritten by the Banks small business lenders located within the Banks branches.

In June of 1997, the Banks seventh branch was opened in Woodland, the county seat of Yolo County. Woodlands economy includes agribusiness, retail services, and an industrial sector.

The Banks eighth branch, the Downtown Financial Center, opened in July of 2000 in Vacaville to serve the business and individual financial needs on the west side of Interstate-80. The Vacaville Regency Park Branch was consolidated into the Vacaville Downtown Financial Center in January 2012.

Two satellite banking offices of the Banks Davis Branch were opened in 2001 in the Davis senior living communities of Covell Gardens and the University Retirement Community. The Bank later consolidated the Covell Gardens location into its main branch in Davis.

In December of 2001, Roseville became the site of the Banks fourth mortgage loan production office. This office served the residential mortgage loan needs throughout the foothill regions of Placer, Sacramento as well as the west slope of El Dorado County through June 2014, when it was consolidated into the Davis mortgage loan office.

In October of 2002, the Bank opened its tenth branch on a prominent corner in Downtown Sacramento to serve Sacramento Metros business center and its employees. The Banks Asset Management & Trust Department, located on the mezzanine of the Downtown Sacramento Branch, was also opened in 2002 to serve the trust and fiduciary needs of the Banks entire market area. On November 4, 2013, the Downtown Sacramento Branch was consolidated into the West Sacramento Branch while another Sacramento location is identified that will allow the Bank to provide more convenience to its clients. In July 2015, the Asset Management & Trust Department relocated to another office a few blocks away in Downtown Sacramento.

The Bank expanded its presence in Placer County in January 2005 by opening a full service branch on a prominent corner in the business district of Roseville.

In late 2007, First Northern Bank seized an opportunity in Auburn to acquire several key personnel from a highly respected local bank that had just merged with a large conglomerate bank. While First Northern scouted for a branch site, the Auburn team worked from the Banks Roseville Branch to develop business in Auburn. In June 2008, the Bank opened its Auburn Financial Center in a temporary location. Later, First Northern Bank purchased a building in the Auburn Town Center that previously housed a branch of a bank that no longer exists. In 2011, the Auburn Financial Center staff moved into its permanent location. First Northern Bank leases office space in this building to various tenants. The Auburn Financial Center houses a full service branch and an Investment & Brokerage Services Office. Auburn is the county seat of Placer County.

In 2013, the Bank opened a commercial loan office in the Contra Costa County city of Walnut Creek to serve the East Bay Areas small- to medium-sized business lending needs.

Through this period of change and diversification, the Banks strategic focus, which emphasizes serving the banking needs of individuals and small-to medium-sized businesses, has not changed. The Bank takes real estate, crop proceeds, securities, savings and time deposits, automobiles, and equipment as collateral for loans.

Fiduciary services are offered to individuals, businesses, governments, and charitable organizations in the Solano, Yolo, Sacramento, Placer, El Dorado and Contra Costa County regions. Most of the Banks deposits are attracted from the market of northern and central Solano County and southern and central Yolo County

   Company Address: 195 N. First St. Dixon 95620 CA
   Company Phone Number: 678-3041   Stock Exchange / Ticker: FNRN

Customers Net Income fell by FNRN's Customers Net Profit Margin fell to

-4.36 %

11.29 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


Stock Performances by Major Competitors

5 Days Decrease / Increase
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DHI   -2.04%    
JPM        4.76% 
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First Northern Community Bancorp

First Northern Community Bancorp Surprises with Strong Financial Performance, Defying Industry Trends in Q2 2023

First Northern Community Bancorp has recently experienced a decline in stock performance over the past five trading days, bringing the year-to-date performance to 14.07%. However, the company's financial results for the fiscal second quarter of 2023 have left investors puzzled. Despite the overall decline in the S&Ls Savings Banks sector's top-line, First Northern Community Bancorp managed to achieve astonishing revenue and bottom-line growth. This article aims to interpret the financial results and speculate on their potential impact on the company's future prospects.
Positive Revenue Growth:
First Northern Community Bancorp delivered impressive results in Q2 2023, with revenue reaching $16.69 million. This represents a substantial 17.521% increase compared to the previous year's figures. This growth is noteworthy, especially when considering the 4.53% average decline in revenue for other companies in the S&Ls Savings Banks sector. The company's ability to outperform its peers indicates a strong position within the market.

First Northern Community Bancorp

Impressive Surge in Revenue and Profits: First Northern Community Bancorp's Phenomenal Q1 2023 Results Hold Promise for Investors

First Northern Community Bancorp Reports Strong First Quarter Results in 2023
Investors in First Northern Community Bancorp have reason to celebrate after the company released its first quarter 2023 financial report. The report showed an impressive increase in income per share by 72.73% to $0.38 compared to the previous year, based on a growing revenue of 42.23% to $18.85 million. In the previous quarter, First Northern Community Bancorp realized revenue of $17.29 million and $0.28 per share.
Net profits for the most recent fiscal period also experienced significant growth, with a surge of 80.5% to $5.489 million, compared to the net earnings of $3.041 million reported in the same period a year ago. First Northern Community Bancorp also highlighted its improving profit margins, with net margin rising to 29.11% in the most recent fiscal period, and operating margin increasing to 40.15%.


First Northern Community Bancorp's Segments
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  Company Estimates  
  Revenue Outlook
First Northern Community Bancorp does not provide revenue guidance.

Earnings Outlook
First Northern Community Bancorp does not provide earnings estimates.

Geographic Revenue Dispersion


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