First Northern Community BancorpFNRN

NasdaqFinanceSavings Institution, Federally Chartered
Price (close)
$17.08
Market cap
$280.0M
P/E
12.4x
Revenue (TTM)
$75.4M
Net income
$22.6M
Dividend yield
—
1-year total return
41.0%
Net margin
30.0%
Revenue growth
4.8%
Debt / equity
0.00x

What First Northern Community Bancorp does.

First Northern Community Bancorp (the “Company”) is a bank holding company registered under the Bank Holding Company Act of 1956, as amended (“BHCA”). Its legal headquarters and principal administrative offices are located at 195 N. First Street, Dixon, CA 95620 and its telephone number is (707) 678-3041. The Company provides a full range of community banking services to individual and corporate customers throughout the California Counties of Solano, Yolo, Placer, and Sacramento as well as portions of El Dorado County through its wholly-owned subsidiary bank, First Northern Bank of Dixon (“First Northern” or the “Bank”). The Company’s operating policy since inception has emphasized the banking needs of individuals and small- to medium-sized businesses. In addition, the Bank owns 100% of the capital stock of Yolano Realty Corporation, a subsidiary created for the purpose of managing selected other real estate owned properties.

The Bank 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. On January 1, 1980, the Bank's federal charter was relinquished in favor of a California state charter, and the Bank's name was changed to First Northern Bank of Dixon.

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue$55.2M$54.1M$61.6M$74.4M$70.4M$73.6M
Net income$12.2M$14.2M$15.9M$21.6M$20.0M$21.1M
Free cash flow$11.7M$24.5M$21.4M$26.1M$19.2M$5.2M

More on FNRN.

Figures from First Northern Community Bancorp's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.