FNRN — what changed in the latest 10-Q
A section-by-section comparison of FNRN's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-05-07 vs the prior 10-Q · 2025-11-07
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +18 | −26 | ~33 | 48 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~1 | 0 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 0 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-05-07
Net income of $5.9 million for the three months ended March 31, 2026, up 60.9% from net income of $3.7 million earned for the same period last year.
Diluted income per share of $0.36 for the three months ended March 31, 2026, up 63.6% from diluted income per share of $0.22 for the same period last year.
Net interest income of $17.2 million for the three months ended March 31, 2026, up 7.9% from net interest income of $15.9 million for the same period last year.
Net interest margin of 3.83% for the three months ended March 31, 2026, up 5.2% from net interest margin of 3.64% for the same period last year.
Provision for credit losses of $0.3 million for the three months ended March 31, 2026, down 64.7% from provision for credit losses of $0.9 million for the same period last year.
Text removed vs the prior filing · source: 10-Q · 2025-11-07
Our assessment of significant factors and developments that have affected or may affect our results
Net income of $15.2 million for the nine months ended September 30, 2025, up 6.8% from net income of $14.2 million earned for the same period last year. Net income of $6.0 million for the three months ended September 30, 2025, up 9.6% from net income of $5.5 million earned for the same period last y…
Diluted income per share of $0.96 for the nine months ended September 30, 2025, up 9.0% from diluted income per share of $0.88 for the same period last year. Diluted income per share of $0.38 for the three months ended September 30, 2025, up 11.8% from diluted income per share of $0.34 for the same …
Net interest income of $49.7 million for the nine months ended September 30, 2025, up 4.0% from net interest income of $47.8 million for the same period last year. Net interest income of $16.8 million for the three months ended September 30, 2025, up 2.1% from net interest income of $16.5 million fo…
Net interest margin of 3.75% for the nine months ended September 30, 2025, increased 15 basis points from net interest margin of 3.60% for the same period last year. Net interest margin of 3.75% for the three months ended September 30, 2025, increased 10 basis points from net interest margin of 3.65…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice