FIRST NORTHERN COMMUNITY BANCORP 8-K

What Happened
First Northern Community Bancorp announced a board-approved stock repurchase program in an 8-K filed March 31, 2026 (press release dated March 30, 2026). The Board approved the program effective March 26, 2026; repurchases will begin May 1, 2026 and remain in effect until April 30, 2028, unless terminated earlier. Repurchases may be made in the open market or in privately negotiated transactions and will comply with SEC Rule 10b-18.

Key Details

• Board authorization: up to 6% of outstanding common stock (based on 16,409,660 shares as of March 26, 2025).
• Maximum shares eligible: 984,579 shares.
• Estimated maximum consideration: approximately $15.6 million (based on the $15.85 closing price on March 26, 2026).
• Board determined the repurchase cap will not impair the Company’s capital.

Why It Matters
A buyback program gives the company the option to repurchase shares, which can reduce shares outstanding and affect per‑share metrics (like EPS) depending on the amount and timing of purchases. The program’s size, time window (May 1, 2026–Apr 30, 2028), and Board capital assessment are material facts investors can use when evaluating potential capital allocation and shareholder-return actions. Actual repurchases will depend on market conditions and regulatory limits and may be executed over time rather than immediately.