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First Bancorp Inc (FNLC) serves as a trusted resource for investors and stakeholders seeking comprehensive updates on this established bank holding company. This dedicated news hub aggregates official announcements, financial disclosures, and market analyses related to FNLC's retail banking operations, commercial lending activities, and investment management services.
Visitors gain access to carefully curated information spanning earnings reports, regulatory filings, strategic partnerships. The collection emphasizes FNLC's core operations in consumer banking, mortgage lending, and wealth management solutions while maintaining strict adherence to factual reporting standards.
Key updates include developments in commercial finance initiatives, private banking expansions, and financial product innovations. This centralized repository enables efficient tracking of the company's performance within the competitive banking sector without promotional bias.
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First Bancorp (FNLC) reported strong Q1 2025 results with net income of $7.1 million and diluted EPS of $0.63, marking a 17.5% increase in net income and 17% growth in EPS year-over-year.
Key highlights include net interest margin expansion to 2.48%, up 26 basis points from Q1 2024, and total assets reaching $3.19 billion. Loan balances grew at an annualized rate of 7.3% to $2.38 billion, while maintaining favorable asset quality with non-performing assets at 0.19% of total assets.
The bank's efficiency ratio improved to 56.9% from 61.1% in Q1 2024. Non-interest income expanded nearly 10% year-over-year, while operating expenses increased by 9%. The quarterly shareholder dividend was maintained at $0.36 per share.
The First Bancorp (NASDAQ: FNLC) has declared a quarterly cash dividend of 36 cents per share for the first quarter of 2025, payable April 18, 2025 to shareholders of record as of April 8, 2025.
Based on the closing price of $24.95 per share on March 26, 2025, the annualized dividend of $1.44 represents a yield of 5.77%. The company, headquartered in Damariscotta, Maine, operates First National Bank with eighteen offices across Mid-Coast and Down East Maine, providing consumer and commercial banking services. Additionally, First National Wealth Management offers investment management and trust services from five offices in the region.
The First Bancorp (FNLC) reported fourth quarter 2024 unaudited net income of $7.3 million, a 9.0% increase from Q4 2023, with earnings per share of $0.65. For the full year 2024, net income was $27.0 million, down 8.4% from 2023's $29.5 million.
Notable Q4 achievements include: total loans increased $33.7 million (5.9% annualized growth rate), core deposits grew $33.0 million, and net interest income rose 7.0% from Q3 2024. The net interest margin improved by 10 basis points from Q3 2024.
The bank maintained strong asset quality with non-performing assets at 0.14% of total assets. Total assets reached $3.15 billion, up $205.3 million from year-end 2023. The company declared a quarterly dividend of $0.36 per share.
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.
