First Northern Bank (FNRN) Q4 2025 earnings summary

Executive summary

• Net income for 2025 was $21.1 million, up 5.5% year-over-year; Q4 net income was $6.0 million, up 2.3% from Q4 2024.

• Diluted EPS for 2025 was $1.27, compared to $1.19 in 2024; Q4 diluted EPS was $0.36, up from $0.35 in Q4 2024.

• Total assets reached $1.91 billion as of December 31, 2025, a 1.0% increase year-over-year.

• Shareholder equity rose 20.2% to $212.0 million; book value per share increased 22.6% to $12.92.

• Board approved a 5% stock dividend payable March 25, 2026.

Financial highlights

• Net interest income for Q4 2025 was $17.7 million, up 7.3% from Q4 2024.

• Net interest margin improved to 3.85% in Q4 2025 from 3.60% in Q4 2024.

• Total net loans grew 0.4% year-over-year to $1.05 billion, driven by commercial loan growth.

• Total deposits declined 1.2% year-over-year to $1.68 billion.

• Efficiency ratio for Q4 2025 was 61.31%, compared to 57.34% in Q4 2024.

Outlook and guidance

• Management emphasized continued focus on shareholder value and operational efficiency.

• Forward-looking statements highlight risks from economic, market, and regulatory changes.