First Northern Community Bancorp Reports Q3 Earnings Growth and Improved Net Interest Margin
First Northern Community Bancorp (FNRN) has reported its third-quarter financial results, showcasing steady year-over-year growth across key metrics. The company achieved an earnings per share (EPS) of $0.38, representing a 5.6% increase compared to the previous year, supported by total revenue rising 13.5% to $21 million. A significant highlight of the quarter was the expansion of the net interest margin, which grew to 4.12% from 3.75% in the prior-year period. This improvement reflects enhanced profitability within its core lending and deposit activities. The bank's balance sheet also expanded, with total assets reaching $1.99 billion and total net loans increasing by 7.4% to $1.13 billion.
Tickers: $FNRN
Topics: asset growth earnings report loan growth net interest margin revenue growth