First Northern Community Bancorp announces an Equity Buyback for 933,043 shares, representing 6% of its issued share capital.

First Northern Community Bancorp (OTCPK:FNRN) announces a share repurchase program. Under the program, the company will repurchase up to 933,043 shares, representing 6% of its outstanding shares. The stock repurchase program is intended to provide management with an effective mechanism for capital management, increase return on equity to our existing shareholders and provide additional market liquidity for our common shares outstanding.

The program will expire on April 30, 2026. As of March 21, 2024, the company had 15,550,731 shares in outstanding.