<span item_type="fundamental" item_id="98333da6d1def3576384c53018bd988d" counter_id="ST/US/FNRN" env="prod"></span><span item_type="announcement" item_id="640959286230386049" env="prod"></span><p>Revenue: As of FY2025, the actual value is USD 88.4 M.</p><p>EPS: As of FY2025, the actual value is USD 1.27.</p><p>EBIT: As of FY2025, the actual value is USD -40.07 M.</p><p></p><h4>Net Income</h4><ul><li>Net income increased by 5.5% to $21.1 million in 2025, up from $20.0 million in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1114927/000143774926008040/fnrn20251231_10k.htm"></span>.</li><li>Net income per common share rose 8.3% to $1.30 in 2025, from $1.20 in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1114927/000143774926008040/fnrn20251231_10k.htm"></span>.</li><li>Diluted net income per common share increased by 6.7% to $1.27 in 2025, from $1.19 in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1114927/000143774926008040/fnrn20251231_10k.htm"></span>.</li></ul><h4>Net Interest Income and Margin</h4><ul><li>Net interest income grew by 4.8% to $67.5 million in 2025, compared to $64.4 million in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1114927/000143774926008040/fnrn20251231_10k.htm"></span>.</li><li>Net interest margin increased by 17 basis points (4.7%) to 3.77% in 2025, from 3.60% in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1114927/000143774926008040/fnrn20251231_10k.htm"></span>.</li><li>Net interest spread increased by 18 basis points to 3.16% in 2025, from 2.98% in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1114927/000143774926008040/fnrn20251231_10k.htm"></span>.</li></ul><h4>Provision for Credit Losses</h4><ul><li>No provision for credit losses was recorded in 2025, following a reversal of provision for credit losses of $0.3 million in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1114927/000143774926008040/fnrn20251231_10k.htm"></span>.</li></ul><h4>Non-Interest Income</h4><ul><li>Non-interest income slightly increased by 1.3% to $6.1 million in 2025, from $6.0 million in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1114927/000143774926008040/fnrn20251231_10k.htm"></span>.</li></ul><h4>Non-Interest Expenses</h4><ul><li>Non-interest expenses increased by 7.9% to $46.2 million in 2025, from $42.8 million in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1114927/000143774926008040/fnrn20251231_10k.htm"></span>.</li><li>Salaries and Employee Benefits increased by $1,525 thousand (6.4%) <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1114927/000143774926008040/fnrn20251231_10k.htm"></span>.</li><li>Occupancy and Equipment expenses increased by $331 thousand (7.0%) <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1114927/000143774926008040/fnrn20251231_10k.htm"></span>.</li><li>Data Processing costs increased by $349 thousand (8.3%) <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1114927/000143774926008040/fnrn20251231_10k.htm"></span>.</li><li>Other Expense increased by $1,211 thousand (15.0%) <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1114927/000143774926008040/fnrn20251231_10k.htm"></span>.</li><li>Director Fees decreased by - $9 thousand (-2.9%) <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1114927/000143774926008040/fnrn20251231_10k.htm"></span>.</li><li>Amortization of core deposit intangible decreased by - $89 thousand (-10.9%) <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1114927/000143774926008040/fnrn20251231_10k.htm"></span>.</li></ul><h4>Total Assets and Liabilities</h4><ul><li>Total assets increased by 1.0% to $1.91 billion in 2025, from $1.89 billion in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1114927/000143774926008040/fnrn20251231_10k.htm"></span>.</li><li>Total deposits decreased by -1.2% to $1.68 billion in 2025, from $1.70 billion in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1114927/000143774926008040/fnrn20251231_10k.htm"></span>.</li><li>Stockholders’ equity increased by 20.2% to $212.0 million in 2025, from $176.3 million in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1114927/000143774926008040/fnrn20251231_10k.htm"></span>.</li></ul><h4>Loan Portfolio Composition (Net of Allowance for Credit Losses)</h4><ul><li>Total Loans were $1,050,473 thousand as of December 31, 2025, and $1,046,852 thousand as of December 31, 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1114927/000143774926008040/fnrn20251231_10k.htm"></span>.</li><li>As of December 31, 2025, commercial loans constituted 13.7% ($146,178 thousand), commercial real estate 66.0% ($702,455 thousand), agriculture 8.8% ($93,627 thousand), residential mortgage 9.5% ($100,684 thousand), residential construction 0.5% ($5,837 thousand), and consumer loans 1.5% ($15,478 thousand) of the total loan portfolio <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1114927/000143774926008040/fnrn20251231_10k.htm"></span>.</li><li>As of December 31, 2024, commercial loans represented 11.1% ($117,921 thousand), commercial real estate 68.1% ($723,650 thousand), agriculture 8.7% ($92,564 thousand), residential mortgage 10.0% ($105,886 thousand), residential construction 0.6% ($6,858 thousand), and consumer loans 1.5% ($15,716 thousand) <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1114927/000143774926008040/fnrn20251231_10k.htm"></span>.</li></ul><h4>Asset Quality Metrics</h4><ul><li>The Allowance for Credit Losses (ACL) to total loans was 1.36% in 2025, down from 1.49% in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1114927/000143774926008040/fnrn20251231_10k.htm"></span>.</li><li>ACL to non-accrual loans (net of guarantees) increased to 285.7% in 2025, from 143.5% in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1114927/000143774926008040/fnrn20251231_10k.htm"></span>.</li><li>Non-performing loans (net of guarantees) to total loans decreased to 0.5% in 2025, from 1.0% in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1114927/000143774926008040/fnrn20251231_10k.htm"></span>.</li><li>Non-performing assets (net of guarantees) to total assets decreased to 0.3% in 2025, from 0.6% in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1114927/000143774926008040/fnrn20251231_10k.htm"></span>.</li><li>Total non-performing assets decreased by -42.9% to $6,323 thousand in 2025, from $11,073 thousand in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1114927/000143774926008040/fnrn20251231_10k.htm"></span>.</li></ul><h4>Liquidity Metrics</h4><ul><li>The Loans (including loans held-for-sale) to deposits ratio was 62.6% in 2025, up from 61.6% in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1114927/000143774926008040/fnrn20251231_10k.htm"></span>.</li><li>The core deposits to total assets ratio was 85.0% in 2025, down from 87.0% in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1114927/000143774926008040/fnrn20251231_10k.htm"></span>.</li><li>The net core funding dependence ratio was -7.38% in 2025, compared to -5.17% in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1114927/000143774926008040/fnrn20251231_10k.htm"></span>.</li></ul><h4>Outlook/Guidance</h4><ul><li>The Bank anticipates maintaining adequate liquidity to fund normal operations throughout 2026 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1114927/000143774926008040/fnrn20251231_10k.htm"></span>. The Company does not expect to pay a cash dividend in the foreseeable future <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1114927/000143774926008040/fnrn20251231_10k.htm"></span>. Future increases in Deposit Insurance Fund (DIF) premiums could adversely affect operating expenses and results <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1114927/000143774926008040/fnrn20251231_10k.htm"></span>.</li></ul>

First Northern Community Bancorp | 10-K: FY2025 Revenue: USD 88.4 M