OTCPK:FNRN

Stock Analysis Report

First Northern Community Bancorp

Executive Summary

First Northern Community Bancorp operates as the bank holding company for First Northern Bank of Dixon that provides commercial banking products and services to individuals and small to medium sized businesses.

Snowflake

Fundamentals

Flawless balance sheet and good value.


Similar Companies

Share Price & News

How has First Northern Community Bancorp's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.4%

FNRN

2.9%

US Banks

0.07%

US Market


1 Year Return

-13.5%

FNRN

8.6%

US Banks

8.9%

US Market

Return vs Industry: FNRN underperformed the US Banks industry which returned 8.6% over the past year.

Return vs Market: FNRN underperformed the US Market which returned 8.9% over the past year.


Shareholder returns

FNRNIndustryMarket
7 Day1.4%2.9%0.07%
30 Day1.7%3.4%-0.3%
90 Day-0.5%2.1%-1.6%
1 Year-13.5%-13.5%11.8%8.6%11.3%8.9%
3 Year57.4%57.4%54.8%44.1%46.3%36.8%
5 Year82.6%82.6%70.2%51.6%62.1%44.3%

Price Volatility Vs. Market

How volatile is First Northern Community Bancorp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is First Northern Community Bancorp undervalued compared to its fair value and its price relative to the market?

0.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FNRN ($11.24) is trading below our estimate of fair value ($11.34)

Significantly Below Fair Value: FNRN is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: FNRN is good value based on its PE Ratio (9.6x) compared to the Banks industry average (12.6x).

PE vs Market: FNRN is good value based on its PE Ratio (9.6x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate FNRN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: FNRN is good value based on its PB Ratio (1.1x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is First Northern Community Bancorp forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

5.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FNRN's forecast earnings growth (5.4% per year) is above the savings rate (2.7%).

Earnings vs Market: FNRN's earnings (5.4% per year) are forecast to grow slower than the US market (14.5% per year).

High Growth Earnings: FNRN's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if FNRN's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if FNRN's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if FNRN's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has First Northern Community Bancorp performed over the past 5 years?

18.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: FNRN's earnings have grown by 18.8% per year over the past 5 years.

Accelerating Growth: FNRN's earnings growth over the past year (50.8%) exceeds its 5-year average (18.8% per year).

Earnings vs Industry: FNRN earnings growth over the past year (50.8%) exceeded the Banks industry 29.7%.


Return on Equity

High ROE: FNRN's Return on Equity (11.4%) is considered low.


Return on Assets

ROA vs Industry: FNRN has a higher Return on Assets than the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate FNRN's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is First Northern Community Bancorp's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: FNRN has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if FNRN's debt is covered by short term assets.


Financial Institutions Analysis

Asset Level: FNRN's level of assets compared to its equity is low.

Allowance for Bad Loans: FNRN has a sufficient allowance for bad loans.

Low Risk Liabilities: FNRN's liabilities are made up of primarily low risk sources of funding.

Loan Level: FNRN has an acceptable proportion of non-loan assets held.

Low Risk Deposits: FNRN's loans are broadly funded by customer deposits.

Level of Bad Loans: FNRN has an appropriate level of bad loans (0.22%)


Next Steps

Dividend

What is First Northern Community Bancorp's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage2.9%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate FNRN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate FNRN's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if FNRN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FNRN's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of FNRN's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of First Northern Community Bancorp's salary, the management and board of directors tenure and is there insider trading?

8.8yrs

Average management tenure


CEO

Louise Walker (58yo)

8.8yrs

Tenure

US$574,452

Compensation

Ms. Louise A. Walker has served as President, Chief Executive Officer and Director of First Northern Community Bancorp and its subsidiary, First Northern Bank, since January 1, 2011. She joined First North ...


CEO Compensation Analysis

Compensation vs. Market: Louise's total compensation ($USD574.45K) is about average for companies of similar size in the US market ($USD509.30K).

Compensation vs Earnings: Louise's compensation has been consistent with company performance over the past year.


Management Age and Tenure

8.8yrs

Average Tenure

57.5yo

Average Age

Experienced Management: FNRN's management team is seasoned and experienced (8.8 years average tenure).


Board Age and Tenure

5.2yrs

Average Tenure

63.5yo

Average Age

Experienced Board: FNRN's board of directors are considered experienced (5.2 years average tenure).


Insider Trading

Insider Buying: FNRN insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

BuyUS$5,65015 Aug 19
Kevin Spink
EntityIndividual
Role
Chief Financial Officer
Executive VP & CFO
Shares500
Max PriceUS$11.30
BuyUS$5,00615 Aug 19
Barbara Hayes
EntityIndividual
Role
Member of the Board of Directors
Director
Shares443
Max PriceUS$11.30
SellUS$35,15206 Aug 19
Kimberly DeBra
EntityIndividual
Role
Senior Key Executive
Executive VP & Chief Communications Officer
Shares3,070
Max PriceUS$11.45
BuyUS$2,28020 Feb 19
Kevin Spink
EntityIndividual
Role
Chief Financial Officer
Executive VP & CFO
Shares210
Max PriceUS$10.86
BuyUS$2,28020 Feb 19
Jeffrey Adamski
EntityIndividual
Role
Other Key Executive
Executive VP & Senior Loan Officer
Shares210
Max PriceUS$10.86
BuyUS$2,28020 Feb 19
Jeremiah Smith
EntityIndividual
Role
Chief Operating Officer
Senior EVP & COO
Shares210
Max PriceUS$10.86
BuyUS$1,14020 Feb 19
Louise Walker
EntityIndividual
Role
Chief Executive Officer
President
Shares105
Max PriceUS$10.86
BuyUS$6,48720 Feb 19
Foy McNaughton
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares597.45
Max PriceUS$10.86
SellUS$15,08821 Nov 18
Kimberly DeBra
EntityIndividual
Role
Senior Key Executive
Executive VP & Chief Communications Officer
Shares1,207.5
Max PriceUS$12.50
BuyUS$5,03819 Nov 18
Barbara Hayes
EntityIndividual
Role
Member of the Board of Directors
Director
Shares394.8
Max PriceUS$12.76
BuyUS$4,02019 Nov 18
Patrick Brady
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares315
Max PriceUS$12.76
BuyUS$13,40015 Nov 18
John Carbahal
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,050
Max PriceUS$12.76

Ownership Breakdown


Management Team

  • Louise Walker (58yo)

    President

    • Tenure: 8.8yrs
    • Compensation: US$574.45k
  • Bruce Orris (61yo)

    Executive VP & Chief Information Officer

    • Tenure: 8.8yrs
    • Compensation: US$338.32k
  • Kim DeBra (57yo)

    Executive VP & Chief Communications Officer

    • Tenure: 8.8yrs
  • Jeremiah Smith (43yo)

    Senior EVP & COO

    • Tenure: 5yrs
    • Compensation: US$534.26k
  • Jeff Adamski (61yo)

    Executive VP & Senior Loan Officer

    • Tenure: 8.8yrs
    • Compensation: US$317.56k
  • Devon Camara-Soucy

    Corporate Secretary

    • Tenure: 0yrs
  • Kevin Spink (40yo)

    Executive VP & CFO

    • Tenure: 1.7yrs

Board Members

  • Frank Andrews (70yo)

    Independent Director

    • Tenure: 19.8yrs
    • Compensation: US$29.50k
  • John Carbahal (64yo)

    Independent Director

    • Tenure: 19.8yrs
    • Compensation: US$34.00k
  • Greg DuPratt (65yo)

    Vice Chairman

    • Tenure: 1.4yrs
    • Compensation: US$35.90k
  • Foy McNaughton (68yo)

    Independent Director

    • Tenure: 19.8yrs
    • Compensation: US$30.90k
  • Louise Walker (58yo)

    President

    • Tenure: 8.8yrs
    • Compensation: US$574.45k
  • Rick Martinez (63yo)

    Chairman of the Board

    • Tenure: 1.4yrs
    • Compensation: US$36.17k
  • Pat Brady (66yo)

    Independent Director

    • Tenure: 6.8yrs
    • Compensation: US$31.50k
  • Mark Schulze (48yo)

    Director

    • Tenure: 2.6yrs
    • Compensation: US$26.50k
  • Barbara Hayes (55yo)

    Director

    • Tenure: 3.7yrs
    • Compensation: US$33.50k
  • Sean Quinn (62yo)

    Director

    • Tenure: 3yrs
    • Compensation: US$29.00k

Company Information

First Northern Community Bancorp's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: First Northern Community Bancorp
  • Ticker: FNRN
  • Exchange: OTCPK
  • Founded: 1910
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$138.189m
  • Shares outstanding: 12.29m
  • Website: https://www.thatsmybank.com

Number of Employees


Location

  • First Northern Community Bancorp
  • 195 North First Street
  • Dixon
  • California
  • 95620
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FNRNOTCPK (Pink Sheets LLC)YesCommon StockUSUSDMar 1996

Biography

First Northern Community Bancorp operates as the bank holding company for First Northern Bank of Dixon that provides commercial banking products and services to individuals and small to medium sized busine ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 23:36
End of Day Share Price2019/10/22 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.