FNRN
First Northern Community BancorpFinancial Services·Banks - Regional
$17.20
$282M market cap
Revenue
$44.1M
Free Cash Flow
$11.3M
Rev Growth
+0.0%
FCF Margin
25.7%
P/FCF
24.9x
EV/FCF
-42.4x
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
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. The company accepts demand deposits, interest-bearing transaction deposits, savings and money market accounts, and time deposits. Its loan portfolio comprises of commercial, commercial real estate, agriculture, residential mortgage, residential construction, and consumer loans. The compa
2-Year Price History
$17.43+113.9%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 21.0 | 0.0 | 0.0 | 5.9 | 4.3 | 4.3 | -0.0 | 762.9 | 0.0 | 16.5 | 0.0% | 0.0x | -- |
| Act | 2025-Q4 | 23.1 | 8.2 | 8.3 | 6.0 | 7.6 | 7.1 | -0.4 | 574.6 | 5.8 | 16.5 | 32.0% | 2.1x | -- |
Valuation & Metrics
Market Stats
Price$17.20
Market Cap$282M
Enterprise Value$-481M
P/S Ratio6.4x
P/FCF24.9x
EV/FCF-42.4x
FCF Margin (TTM)25.7%
FCF Yield4.0%
Dividend Yield (TTM)--
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$44.1M
Net Income$11.9M
Free Cash Flow$11.3M
Revenue Growth (YoY)+0.0%
EBITDA Margin18.6%
Net Margin26.9%
FCF Margin25.7%
CapEx % of Revenue1.0%
SBC % of Revenue0.3%
ROIC16.0%
WC Change % Rev16.7%
Interest Coverage1.1x
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares0.0M
Days to Cover1.0
Change (vs Prior)+27280.4%
Need at least 2 settlement dates for chart
Employees
Headcount187
Revenue / Employee$235,813
Gross Profit / Employee$107,102
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
1.5%(-1.6% YoY)
2 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
0.0%(+0.0% YoY)
0 filers
Vanguard, iShares, SPDR
Market makers
0.0%(+0.0% YoY)
0 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| BANC FUNDS CO LLC | $3.7M | $7.98 | −$1.1M | −$10.3M | -1.4% | $537M |
| PL Capital Advisors, LLC | $609K | $12.29 | +$29K | +$609K | -1.3% | $332M |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)NEUTRAL
Holders
-1.32%
avg per quarter
Holders (ex-self)
-1.34%
excl. this stock
Buyers (this Q)
-1.27%
1 buyers · $0.00B in
Sellers (this Q)
-1.33%
1 sellers · $0.00B out
alpha coverage: 100% of $ has a lifetime-alpha record
Holder behavior (holder profile)source: holder
On big dips (−10%+)
-1.3%
how holders react when this stock falls
On quiet Qs
-1.0%
−10% to +10% baseline
On rallies (+10%+)
-17.6%
how they react when this stock rises
Holders' portfolio flow this Q
+1.9%
inflows — adds are organic
Sellers' portfolio flow this Q
+1.4%
Sellers grew AUM elsewhere — opinionated cut of this stock.
Biggest decreases this quarter
Top-5 holders · 100.0%
BANC FUNDS CO LLC--
PL Capital Advisors, LLC--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
BANC FUNDS CO LLC234KSiena Capital Partners GP, LLC—PL Capital Advisors, LLC38K
Corporate
Insider Trading (last 12mo)
Open-market only (Form 4 P-Purchase + S-Sale). Excludes grants, option exercises, tax withholding, gifts.
Officers & directors
Buys ($, 12mo)
$88K
7 txns · 3 insiders · 6,541 sh
Sells ($, 12mo)
$350K
4 txns · 3 insiders · 20,054 sh
Recent transactions
| Date | Side | Insider | Title | Shares | Price | Dollars | Owned $ |
|---|---|---|---|---|---|---|---|
| 2026-05-15 | SELL | Smith Jeremiah Zachary | director, officer: President/CEO/Director | 6,783 | $17.69 | $120K | $2.73M |
| 2026-05-12 | SELL | Schulze Mark C | director | 2,000 | $17.79 | $36K | $13.16M |
| 2026-05-08 | SELL | Schulze Mark C | director | 3,000 | $17.78 | $53K | $13.19M |
| 2026-05-04 | SELL | Spink Kevin | officer: EVP/Chief Financial Officer | 8,271 | $17.04 | $141K | $783K |
| 2026-02-19 | BUY | Servat Jean-Luc | director | 563 | $14.52 | $8K | $50K |
| 2026-02-18 | BUY | Hayes Barbara A | director | 171 | $14.70 | $3K | $180K |
| 2026-02-18 | BUY | Servat Jean-Luc | director | 900 | $14.62 | $13K | $42K |
| 2026-02-12 | BUY | Servat Jean-Luc | director | 400 | $14.60 | $6K | $29K |
| 2026-02-11 | BUY | Bedoya Richard | director | 893 | $14.49 | $13K | $42K |
| 2026-02-11 | BUY | Servat Jean-Luc | director | 1,600 | $14.46 | $23K | $23K |
| 2025-08-07 | BUY | Bedoya Richard | director | 2,014 | $11.19 | $23K | $23K |
Order Flow (FINRA, ~3w lag)
60.8%retail-9.4pp
39.0%dark+11.9pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
FIRST NORTHERN COMMUNITY BANCORP: Low-risk administrative disclosure with minimal forensic footprint
Overall Risk
2/10
Fraud
1/10
Dilution
1/10
Insolvency
2/10
Earnings Overstated
1/10
Hidden Liabilities
1/10
Legal
1/10
Audit Warnings
1/10
Hidden Upside
1/10
Contextually Acceptable
10/10