A Business at a Glance
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FIRST NORTHERN COMMUNITY BANCORP
FNRN
$304M
Mkt Cap
$18.30
+1.95%
FIRST NORTHERN COMMUNITY BANCORP (FNRN) has a current P/E ratio of 13.8, compared to its historical median P/E of 10.5. The stock is currently considered Fair based on its historical valuation range.
FIRST NORTHERN COMMUNITY BANCORP (FNRN) has a 5-year average return on invested capital (ROIC) of 11.8%. This indicates solid capital allocation.
FIRST NORTHERN COMMUNITY BANCORP (FNRN) has a market capitalization of $300M. It is classified as a small-cap stock.
Yes, FIRST NORTHERN COMMUNITY BANCORP (FNRN) pays a dividend with a trailing twelve-month yield of 2.47%. The company also returns capital through share buybacks, with a buyback yield of 1.54%.
Based on historical P/E analysis, FIRST NORTHERN COMMUNITY BANCORP (FNRN) appears fair. The current P/E of 13.8 is 32% above its historical median of 10.5. The estimated fair value CAGR (P/E method) is 9.5%.
FIRST NORTHERN COMMUNITY BANCORP (FNRN) operates in the Savings Institution, Federally Chartered industry, within the Financials sector.
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.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 75M | 88M | 85M | 82M | 63M | 55M |
| Net Income | 23M | 21M | 20M | 22M | 16M | 14M |
| EPS | $1.45 | $1.27 | $1.19 | $1.34 | $1.04 | $0.95 |
| Free Cash Flow | 5.6M | 5.2M | 19M | 26M | 21M | 24M |
| ROIC | 0.0% | 10.9% | 11.9% | 15.2% | 11.5% | 9.4% |
| Gross Margin | - | 83.2% | 82.8% | 89.3% | 96.7% | 95.6% |
| Debt/Equity | 0.00 | 0.00 | 0.00 | 10.75 | 13.97 | 0.00 |
| Dividends/Share | $0.00 | $0.45 | $0.38 | - | - | - |
| Operating Income | 0 | 27M | 1.7M | 1.9M | 2.7M | 2.3M |
| Operating Margin | 0.0% | 31.0% | 2.0% | 2.4% | 4.3% | 4.2% |
| ROE | 10.9% | 10.9% | 11.9% | 15.2% | 11.5% | 9.4% |
| Shares Outstanding | 16M | 17M | 17M | 16M | 15M | 15M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 37M | 39M | 43M | 48M | 53M | 56M | 57M | 55M | 63M | 82M | 85M | 88M | 75M |
| Gross Margin | 91.7% | 95.4% | 93.2% | 96.5% | 93.6% | 96.7% | 92.0% | 95.6% | 96.7% | 89.3% | 82.8% | 83.2% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 15M | 16M | 17M | 18M | 21M | 22M | 23M | 23M | 24M | 26M | 24M | 25M | 26M |
| EBIT | 4.6M | 4.6M | 4.4M | 4.5M | 2.8M | 2.4M | 1.7M | 2.3M | 2.7M | 1.9M | 1.7M | 27M | 0 |
| Op. Margin | 12.4% | 11.7% | 10.2% | 9.3% | 5.2% | 4.3% | 3.0% | 4.2% | 4.3% | 2.4% | 2.0% | 31.0% | 0.0% |
| Net Income | 5.7M | 6.8M | 8.1M | 8.7M | 13M | 15M | 12M | 14M | 16M | 22M | 20M | 21M | 23M |
| Net Margin | 15.5% | 17.5% | 18.6% | 18.2% | 23.8% | 26.2% | 21.5% | 25.8% | 25.3% | 26.3% | 23.7% | 23.9% | 31.1% |
| Non-Recurring | 0 | 12K | 0 | 0 | 0 | 589K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 6.5% | 7.7% | 9.0% | 9.1% | 11.8% | 12.0% | 8.6% | 9.4% | 11.5% | 15.2% | 11.9% | 10.9% | 0.0% |
| ROE | 6.5% | 7.7% | 9.0% | 9.1% | 11.8% | 12.0% | 8.6% | 9.4% | 11.5% | 15.2% | 11.9% | 10.9% | 10.9% |
| ROA | 0.6% | 0.7% | 0.7% | 0.7% | 1.0% | 1.2% | 0.8% | 0.8% | 0.8% | 1.2% | 1.1% | 1.1% | 1.2% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 10M | 14M | 9.7M | 16M | 16M | 17M | 13M | 25M | 22M | 27M | 20M | 6.9M | 7.7M |
| Free Cash Flow | 9.9M | 13M | 8.8M | 15M | 15M | 16M | 12M | 24M | 21M | 26M | 19M | 5.2M | 5.6M |
| Owner Earnings | 9.6M | 13M | 8.8M | 15M | 15M | 15M | 11M | 24M | 20M | 25M | -1.0B | -990M | -989M |
| CapEx | 532K | 436K | 926K | 1.2M | 963K | 1.1M | 862K | 803K | 344K | 1.2M | 343K | 1.7M | 2.1M |
| Maint. CapEx | 672K | 640K | 633K | 600K | 565K | 721K | 943K | 764K | 774K | 1.0M | 1.1B | 996M | 996M |
| Growth CapEx | 0 | 0 | 293K | 625K | 398K | 335K | 0 | 39K | 0 | 219K | 0 | 0 | 0 |
| D&A | 672K | 640K | 633K | 600K | 565K | 721K | 943K | 764K | 774K | 1.0M | 1.1B | 996M | 996M |
| CapEx/OCF | 5.1% | 3.2% | 9.5% | 7.6% | 6.1% | 6.4% | 6.8% | 3.2% | 1.6% | 4.5% | 1.8% | N/A | 27.2% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 129K | 105K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.4M | 7.5M | 0 |
| Dividend Yield | 0.2% | 0.1% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 4.3% | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.4M | 187K | 143K | 3.8M | 4.7M | 4.6M |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 3.9% | 0.2% | 0.1% | 2.5% | 0.0% | 1.5% |
| Stock-Based Comp | 185K | 230K | 286K | 378K | 424K | 475K | 574K | 588K | 655K | 820K | 846K | 849K | 766K |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | -367M | -327M | -360M | -354M | -364M | -372M | -702M | -978M | N/A | N/A | -753M | -146M | -140M |
| Cash & Equiv. | 216M | 201M | 160M | 153M | 116M | 111M | 267M | 346M | 187M | 149M | 119M | 146M | 140M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | N/A | N/A | 0 | 0 | N/A |
| Debt/Equity | 0.00 | 0.66 | 0.83 | 0.80 | 0.60 | 0.62 | 0.00 | 0.00 | 13.97 | 10.75 | 0.00 | 0.00 | 0.00 |
| Interest Coverage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Equity | 92M | 86M | 92M | 100M | 112M | 133M | 151M | 151M | 125M | 159M | 176M | 212M | 214M |
| Total Assets | 958M | 1.0B | 1.2B | 1.2B | 1.2B | 1.3B | 1.7B | 1.9B | 1.9B | 1.9B | 1.9B | 1.9B | 1.9B |
| Total Liabilities | 866M | 959M | 1.1B | 1.1B | 1.1B | 1.2B | 1.5B | 1.7B | 1.7B | 1.7B | 1.7B | 1.7B | 1.7B |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 0 | 0 | 4.1M | 3.3M | 4.3M | 4.1M |
| Retained Earnings | 8.1M | 12M | 15M | 18M | 24M | 32M | 37M | 44M | 54M | 69M | 81M | 92M | 97M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | 0.52 | 0.59 | 0.66 | 0.68 | 0.93 | 1.08 | 0.85 | 0.95 | 1.04 | 1.34 | 1.19 | 1.27 | 1.45 |
| Owner EPS | 0.87 | 1.10 | 0.72 | 1.18 | 1.09 | 1.13 | 0.77 | 1.60 | 1.33 | 1.58 | -61.67 | -59.51 | -60.27 |
| Book Value | 8.34 | 7.43 | 7.57 | 7.78 | 8.33 | 9.75 | 10.53 | 10.11 | 8.19 | 9.90 | 10.47 | 12.74 | 13.03 |
| Cash Flow/Share | 0.95 | 1.17 | 0.80 | 1.25 | 1.16 | 1.22 | 0.88 | 1.69 | 1.43 | 1.70 | 1.16 | 0.41 | 62.12 |
| Dividends/Share | 0.01 | 0.01 | 0.00 | 0.00 | N/A | N/A | N/A | N/A | N/A | N/A | 0.38 | 0.45 | 0.00 |
| Shares Out. | 11.0M | 11.6M | 12.2M | 12.9M | 13.5M | 13.6M | 14.3M | 14.9M | 15.3M | 16.1M | 16.8M | 16.6M | 16.4M |
| Valuation | |||||||||||||
| P/E Ratio | 14.1 | 13.1 | 13.3 | 18.0 | 11.1 | 10.5 | 11.8 | 9.8 | 7.3 | 6.0 | 7.6 | N/A | 12.6 |
| P/FCF | 6.7 | 5.7 | 10.6 | 9.1 | 8.1 | 8.2 | 10.5 | 5.2 | 5.2 | 5.0 | 8.3 | N/A | 53.3 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | 0.9 | 1.0 | 1.2 | 1.6 | 1.2 | 1.2 | 0.9 | 0.9 | 0.9 | 0.8 | 0.9 | N/A | 1.4 |
| Price/Sales | 2.1 | 2.3 | 2.1 | 3.0 | 3.4 | 2.8 | 2.2 | 2.7 | 2.1 | 1.6 | 2.0 | N/A | 4.0 |
| FCF Yield | 12.2% | 14.6% | 8.2% | 9.4% | 10.5% | 10.1% | 8.2% | 17.6% | 18.5% | 20.1% | 12.5% | N/A | 1.9% |
| Market Cap | 81M | 90M | 107M | 158M | 140M | 154M | 143M | 139M | 116M | 130M | 153M | 0 | 300M |
| Avg. Price | 5.66 | 6.16 | 6.41 | 9.57 | 10.98 | 9.33 | 7.39 | 8.87 | 7.96 | 7.45 | 8.89 | 0.00 | 18.30 |
| Year-End Price | 6.02 | 6.45 | 7.63 | 10.52 | 8.89 | 9.30 | 8.63 | 8.47 | 7.24 | 8.07 | 9.48 | 0.00 | 18.30 |
FIRST NORTHERN COMMUNITY BANCORP passes 5 of 9 quality checks, suggesting mixed fundamentals.
FIRST NORTHERN COMMUNITY BANCORP trades at 13.8x trailing earnings, compared to its 15-year median P/E of 10.5x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 67.6x vs a median of 8.2x. The company's 5-year average ROIC is 11.8% with a gross margin of 89.5%. Total shareholder yield (dividends + buybacks) is 4.0%. At current prices, the estimated annualized return to fair value is +4.0%.
FIRST NORTHERN COMMUNITY BANCORP (FNRN) reported annual revenue of $88 million in its most recent fiscal year, based on SEC EDGAR filings.
FIRST NORTHERN COMMUNITY BANCORP (FNRN) has a net profit margin of 23.9%. This is a strong margin indicating high profitability.
FIRST NORTHERN COMMUNITY BANCORP (FNRN) generated $5 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
FIRST NORTHERN COMMUNITY BANCORP (FNRN) has a debt-to-equity ratio of 0.00. This indicates a conservatively financed balance sheet.
FIRST NORTHERN COMMUNITY BANCORP (FNRN) reported earnings per share (EPS) of $1.27 in its most recent fiscal year.
FIRST NORTHERN COMMUNITY BANCORP (FNRN) has a return on equity (ROE) of 10.9%. This indicates moderate shareholder returns.
FIRST NORTHERN COMMUNITY BANCORP (FNRN) has a 5-year average gross margin of 89.5%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 17 years of financial data for FIRST NORTHERN COMMUNITY BANCORP (FNRN), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
FIRST NORTHERN COMMUNITY BANCORP (FNRN) has a book value per share of $12.74, based on its most recent annual SEC filing.