First Northern Community Bancorp (FNRN) received approval to list its common stock on the Nasdaq Capital Market, moving from the OTCQX market. The transition will take effect with the opening of Nasdaq on Friday, April 24, 2026, after trading on OTCQX continues through Thursday, April 23.
The approval follows the bank’s 2024 financial results, in which net income fell to $20.0 million, a 7.5% decline from $21.6 million in 2023. Fourth‑quarter 2024 net income was $5.8 million, down 15.1% from $6.9 million in the same period last year, and the net interest margin stood at 3.8%. The decline in earnings was largely driven by a reduction in the reversal of the provision for credit losses, as a significant recovery of previously charged‑off principal in 2023 did not recur in 2024.
Management explained that the bank’s disciplined approach to credit loss provisioning and its focus on relationship banking have helped maintain profitability despite the lower net income. President and CEO Jeremiah Smith said the company is pleased to begin trading on Nasdaq, noting that the listing “reflects the strength of our organization and our continued commitment to disciplined growth and long‑term value creation.” He also highlighted the company’s share‑repurchase program, which provides a flexible tool to enhance shareholder returns while preserving a strong capital position.
First Northern’s 14‑branch network serves several Northern California counties and has earned strong ratings from Veribanc and Bauer Financial as of December 31, 2025. The Nasdaq uplisting demonstrates that the bank meets the exchange’s higher listing standards, positioning it for future capital‑raising opportunities and broader investor access. The move is expected to improve liquidity and visibility for the company’s shares, supporting its long‑term growth strategy and community‑banking mission.
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