First Northern profit climbs 11.1% to $16.8 million

First Northern Community Bancorp (NASDAQ:FNRN) reported net income of $16.8 million for the nine months ended September 30, 2026, up 11.1% from $15.2 million a year earlier.

Third-quarter net income increased 3.1% to $6.2 million, while diluted earnings per share rose to $0.38 from $0.36 in the same quarter of 2025.

Total assets increased 4.3% to $1.99 billion, while net loans, including loans held for sale, rose 7.4% to $1.13 billion and deposits increased 4.4% to $1.76 billion as of September 30, 2026.

The bank reported that total loans increased $41.1 million during the quarter, while deposits grew $68.6 million.

It also reduced nonaccrual loans by $1.2 million, or 25.6%, following the resolution of a longstanding lending relationship.

First Northern completed a core banking platform replacement on October 13, which management said is intended to improve operational efficiency and reduce data processing costs, although additional project expenses are expected in the fourth quarter; the FNRN share price was not provided in the announcement.

The bank also highlighted its Nasdaq listing and inclusion in the Russell 3000 Index as part of its broader strategy, while maintaining capital levels above the regulatory threshold for a well-capitalized institution.