Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

FIRST NORTHERN COMMUNITY BANCORP

(FNRN)
  Report
SummaryQuotesChartsNewsCalendarCompanyFinancials 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

FIRST NORTHERN COMMUNITY BANCORP : Regulation FD Disclosure, Other Events (form 8-K)

06/03/2021 | 06:05am EDT

ITEM 7.01 REGULATION FD DISCLOSURE

On June 2, 2021, First Northern Community Bancorp issued a press release announcing a new stock repurchase program for the Company's outstanding common stock. This new program will begin June 15, 2021 and remain in effect until June 14, 2023. A copy of this press release is furnished herewith as Exhibit 99.1.



ITEM 8.01 OTHER EVENTS

The Board of Directors of First Northern Community Bancorp (FNRN), holding company of First Northern Bank, has announced a stock repurchase program for the Company's outstanding common stock. Based on market conditions, share repurchases may be made from time to time in the open market or in privately negotiated transactions. The repurchase program will begin June 15, 2021 and will remain in effect until June 14, 2023. The program allows repurchases in an aggregate amount of no more than 4% of First Northern Community Bancorp's 13,680,085 outstanding shares of common stock as of March 31, 2021. This represents total shares of 547,203 eligible for repurchase which, at the closing price of $11.35 on June 2, 2021, would equate to total consideration of approximately $6.2M if all eligible shares were repurchased. The Board of Directors has determined that the maximum aggregate repurchases will not impair the capital of the Corporation. Any repurchases are intended to be conducted in accordance with the limitations, guidelines, and restrictions relative to timing, price, manner, and volume of Rule 10b-18 promulgated by the Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934, as amended.

© Edgar Online, source Glimpses

All news about FIRST NORTHERN COMMUNITY BANCORP
06/03FIRST NORTHERN COMMUNITY BANCORP : Announces Stock Repurchase Program (Form 8-K)
PU
06/03FIRST NORTHERN COMMUNITY BANCORP : Regulation FD Disclosure, Other Events (form ..
AQ
06/03First Northern Community Bancorp authorizes a Buyback Plan.
CI
06/02FIRST NORTHERN COMMUNITY BANCORP : Announces Stock Repurchase Program
BU
06/02FIRST NORTHERN COMMUNITY BANCORP : Brady Elected Vice Chairman of Board of First..
BU
06/02First Northern Community Bancorp announces an Equity Buyback for 547,203 shar..
CI
06/02First Northern Community Bancorp Announces Patrick R. Brady as Vice Chairman
CI
05/21FIRST NORTHERN COMMUNITY BANCORP : Submission of Matters to a Vote of Security H..
AQ
05/07FIRST NORTHERN COMMUNITY BANCORP : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINAN..
AQ
05/07First Northern Community Bancorp Reports Earnings Results for the First Quart..
CI
More news
Financials (USD)
Sales 2020 52,1 M - -
Net income 2020 12,2 M - -
Net cash 2020 273 M - -
P/E ratio 2020 10,7x
Yield 2020 -
Capitalization 149 M 149 M -
EV / Sales 2019 0,42x
EV / Sales 2020 -2,71x
Nbr of Employees 214
Free-Float 92,1%
Chart FIRST NORTHERN COMMUNITY BANCORP
Duration : Period :
First Northern Community Bancorp Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Managers and Directors
Louise A. Walker President, Chief Executive Officer & Director
Kevin M. Spink Chief Financial Officer & Executive Vice President
Richard M. Martinez Chairman
Jeremiah Z. Smith Chief Operating Officer & Senior Executive VP
John M. Carbahal Independent Director