First Northern Community Bancorp Announces Stock Repurchase Program

The bank will repurchase up to 6% of its outstanding shares over the next two years.

Apr. 1, 2026 at 1:50am

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First Northern Community Bancorp, the parent company of First Northern Bank, has announced a stock repurchase program that will allow the company to buy back up to 6% of its outstanding common stock over the next two years. The program will begin on May 1, 2026 and run through April 30, 2028, unless terminated earlier.

Why it matters

The stock repurchase program reflects First Northern Community Bancorp's commitment to disciplined capital management and maximizing long-term shareholder value. By buying back shares, the company aims to increase its return on equity and enhance market liquidity for its outstanding common stock.

The details

The repurchase program authorizes the buyback of up to 984,579 shares, which represents 6% of the company's 16,409,660 outstanding shares as of March 26, 2026. Based on the closing price of $15.85 per share on that date, the total value of the repurchases could reach approximately $15.6 million. The company says the repurchases will be conducted in accordance with SEC regulations and will not impair its capital position.

  • The stock repurchase program will begin on May 1, 2026.
  • The program will remain in effect until April 30, 2028, unless terminated earlier.

The players

First Northern Community Bancorp

The parent company of First Northern Bank, a community bank headquartered in Dixon, California that serves several counties in the region.

First Northern Bank

A community bank that specializes in relationship banking and serves Solano, Yolo, Sacramento, Placer, Colusa, and Glenn counties, as well as the west slope of El Dorado County in California.

Jeremiah Smith

The President and CEO of First Northern Community Bancorp.

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What they’re saying

“The authorization of this stock repurchase program reflects our continued commitment to disciplined capital management and maximizing long-term shareholder value.”

— Jeremiah Smith, President and CEO of First Northern Community Bancorp

What’s next

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The takeaway

This stock repurchase program demonstrates First Northern Community Bancorp's focus on enhancing returns for its shareholders while maintaining a strong capital position to support the bank's growth and service to the local communities it serves.