First Bancorp - FNLC STOCK NEWS

The First Bancorp (NASDAQ: FNLC) has declared a quarterly cash dividend of 36 cents per share for the fourth quarter, payable January 16, 2025, to shareholders of record as of January 6, 2025. Based on the closing price of $26.57 per share on December 18, 2024, the annualized dividend of $1.44 represents a yield of 5.42%.

First National Bank, founded in 1864, serves Mid-Coast and Down East Maine through eighteen offices across six counties, offering consumer and commercial banking products. Its wealth management division provides investment management and trust services from five locations.

The First Bancorp (FNLC) reported Q3 2024 net income of $7.6 million with diluted earnings per share of $0.68, showing a 22.7% increase from Q2. Net interest income reached $16.4 million, its highest level in six quarters, with net interest margin expanding by 11 basis points. Total assets grew to $3.14 billion, with loans increasing at a 10.6% annualized rate to $2.31 billion. The bank maintained strong asset quality with a non-performing assets ratio of 0.08%. The quarterly dividend was maintained at $0.36 per share.

The First Bancorp (NASDAQ: FNLC), parent company of First National Bank, has declared a quarterly cash dividend of 36 cents per share for the third quarter. The dividend is payable on October 18, 2024 to shareholders of record as of October 8, 2024. President & CEO Tony C. McKim emphasized the importance of the quarterly dividend as a component of shareholder value. Based on the closing price of $26.03 per share on September 25, 2024, the annualized dividend of $1.44 per share represents a yield of 5.53%.

The First Bancorp, headquartered in Damariscotta, Maine, is the holding company for First National Bank, which serves Mid-Coast and Down East Maine with eighteen offices across six counties. The bank offers consumer and commercial banking products and services, while its division, First National Wealth Management, provides investment management and trust services from five offices.

The First Bancorp (Nasdaq: FNLC) reported Q2 2024 results, highlighting net income of $6.2 million and diluted EPS of $0.55. Year-to-date net income stands at $12.2 million, with EPS of $1.10. Total assets grew to $3.08 billion, up $106.8 million this quarter.

Loan balances saw a significant annualized growth of 13.6%, reaching $2.25 billion. Pre-tax, pre-provision earnings increased by $1.2 million or 18.1% from Q1. Non-performing assets remain low at 0.09%. The efficiency ratio improved by 4.8 percentage points from Q1.

Net interest income was $15.1 million, a 1.3% increase from Q1. Non-interest income rose to $4.2 million, a 14.2% increase. The provision for credit losses increased to $539,000, and net charge-offs were $53,000.

Total deposits were $2.58 billion, up $29.1 million. The leverage capital ratio was 8.58%. The quarterly dividend was increased by $0.01 to $0.36 per share.

The First Bancorp (NASDAQ: FNLC), the holding company for First National Bank, has declared a quarterly cash dividend of 36 cents per share for the second quarter. This dividend marks a one-cent increase from the previous four quarters and will be payable on July 19, 2024, to shareholders of record as of July 9, 2024. Based on the closing price of $23.53 per share on June 26, 2024, this annualized dividend of $1.44 per share offers a yield of 6.12%. The announcement underscores the company's commitment to providing value to its shareholders.

First Bancorp, headquartered in Damariscotta, Maine, operates First National Bank with 18 offices across Mid-Coast and Down East Maine. The Bank offers a comprehensive range of consumer and commercial banking products and services, as well as investment management and trust services through First National Wealth Management.

The First Bancorp (Nasdaq: FNLC) announced its first-quarter 2024 financial results, reporting total assets of $2.98 billion, a 31.5 million increase. The company showed strong asset quality with a Non-Performing Assets to Total Assets ratio of 0.09%. Loan balances grew by 8.4% to $2.17 billion, while total deposits decreased to $2.55 billion. Net income was $6.0 million, with a quarterly shareholder dividend of $0.35 per share declared. CEO Tony C. McKim highlighted responsible balance sheet growth, strong asset quality, and disciplined lending practices, despite higher funding costs impacting the bottom line.

The First Bancorp (FNLC) declares a quarterly cash dividend of 35 cents per share, payable on April 19, 2024. The annualized dividend of $1.40 per share offers a 5.86% yield. The company, founded in 1864, serves Mid-Coast and Down East Maine with a full range of banking products and services.

The First Bancorp (Nasdaq: FNLC) reported a decrease in net income by 24.3% for the year 2023, with total assets reaching $2.95 billion, and total loans and deposits increasing by 11.2% and 9.3% respectively. The company's asset quality remained excellent, with a Non-Performing Assets to Total Assets ratio of 0.07%. However, net income decreased due to higher funding costs, resulting in a 24.3% decrease from 2022. The company's CEO expressed optimism despite the challenges faced in 2023, highlighting the support provided to businesses and communities, and the strong financial position of the company.

The First Bancorp (NASDAQ: FNLC) declares a quarterly cash dividend of 35 cents per share, payable on January 19, 2024, to shareholders of record as of January 8, 2024. President & Chief Executive Officer, Tony C. McKim, remarks on the importance of the dividend, representing an attractive yield of 5.00% based on the December 20, 2023 closing price of $27.99 per share. The company, founded in 1864, serves Mid-Coast and Down East Maine with eighteen offices, providing a full range of banking products and services, including investment management and trust services through First National Wealth Management.