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 · 2026-08-07 vs the prior 10-Q · 2026-05-07
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +23 | −16 | ~29 | 54 |
| 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 | Some risk factors updated | +5 | 0 | ~1 | 0 |
| 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 · 2026-08-07
Expectations regarding the liquidity, trading volume and market price of our common stock, as well as continued listing of our common stock on The Nasdaq Capital Market and/or inclusion in the Russell 3000 Index
Net income of $10.6 million for the six months ended June 30, 2026, up 16.4% from net income of $9.1 million earned for the same period last year. Net income of $4.7 million for the three months ended June 30, 2026, down 13.5% from net income of $5.5 million earned for the same period last year.
Diluted income per share of $0.64 for the six months ended June 30, 2026, up 16.4% from diluted income per share of $0.55 for the same period last year. Diluted income per share of $0.29 for the three months ended June 30, 2026, down 12.1% from diluted income per share of $0.33 for the same period l…
Net interest income of $34.2 million for the six months ended June 30, 2026, up 4.0% from net interest income of $32.9 million for the same period last year. Net interest income of $17.0 million for the three months ended June 30, 2026, up 0.3% from net interest income of $17.0 million for the same …
Net interest margin of 3.79% for the six months ended June 30, 2026, up 1.3% from net interest margin of 3.74% for the same period last year. Net interest margin of 3.75% for the three months ended June 30, 2026, down 2.6% from net interest margin of 3.85% for the same period last year.
Text removed 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.
Risk factors
Text added vs the prior filing · source: 10-Q · 2026-08-07
The Company’s common stock was recently listed on The Nasdaq Capital Market, and our trading volume, liquidity and stock price may be volatile.
On April 24, 2026, the Company uplisted from the OTCQX to The Nasdaq Capital Market. The trading volume of our common stock is less than that of nationwide or larger regional financial institutions. The quotation of our common stock on Nasdaq does not assure that a meaningful, consistent and liquid …
The liquidity of our common stock has been mixed, and there is no assurance that liquidity will continue. There may be periods when trading activity in our shares is minimal, as compared to a seasoned issuer that has a large and steady volume of trading activity that will generally support continuou…
Our common stock is currently included in the Russell 3000 Index. FTSE Russell periodically reviews and reconstitutes its indexes, and continued inclusion in the index is not assured. If our common stock is removed from the Russell 3000 Index or any related index, investment funds and other investor…
The market price of our common stock is likely to be volatile and could fluctuate in price in response to various factors, including market perception of our ability to achieve our strategic plan, quarterly operating results of other companies in the same industry, changes in general conditions in t…
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