First Northern Community Bancorp (FNRN)

FairStock Score: 52/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I have spent decades favoring banks that earn high returns on equity without hidden credit risk. First Northern Community Bancorp is a small, 204-employee community bank; its local commercial, agricultural and small-business lending may create relationship-based stickiness, but at this size I see no wide moat. The filed numbers show profitability but little consistent growth: in fiscal Q2 2026, the quarter ended 2026-06-30, net income was $4.7M and diluted EPS $0.29, down from $5.5M and $0.33 in fiscal Q2 2025, the quarter ended 2025-06-30. For full years, fiscal 2023 net income was $21.6M and diluted EPS $1.34; fiscal 2024 was $20.0M and $1.19; fiscal 2025 was $21.1M and $1.27. FairStock's Lynch category calls it a STALWART on 11.7% five-year profit growth, but the recent quarterly trend is softer. At the 2026-10-13 close of $16.68, FairStock shows P/E 12.83, P/B 1.26 and ROE 10.98%. That is not an outrageous price for a bank earning roughly 11% on book, but it is not a Graham-style bargain, especially with a Piotroski F-Score of 3/9 and no dividend yield. Critical bank metrics—CET1, net interest margin, efficiency ratio, nonperforming loans, charge-offs and reserves—are not in the data, so I cannot underwrite credit risk or capital strength; combined ratio is an insurance measure and also not provided. I would call it a fair, unexciting community bank: decent profitability, limited growth, and insufficient disclosure to be aggressive.

In plain English: First Northern Community Bancorp is a small community bank that takes deposits and makes loans to people and small businesses, especially in agriculture and commercial real estate. Its profits have been uneven lately and it earns only a modest return on shareholders' money, so the business looks average rather than exceptional. At the recent price, the shares do not look like a bargain, but they also do not look wildly expensive based on recent earnings and accounting value.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer