The First Bancorp Declares First Quarter Dividend

Rhea-AI Summary

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.

Positive

• Maintains steady quarterly dividend of $0.36 per share
• Attractive dividend yield of 5.77%
• Strong regional presence with 18 banking offices

Negative

• None.

DAMARISCOTTA, Maine--(BUSINESS WIRE)-- The First Bancorp (NASDAQ: FNLC), the parent company of First National Bank, today declared a quarterly cash dividend of 36 cents per share. This first quarter dividend is payable April 18, 2025 to shareholders of record as of April 8, 2025.

"I am pleased to announce that the Board of Directors has authorized a dividend of 36 cents per share for the first quarter of 2025," remarked President & Chief Executive Officer, Tony C. McKim. "The quarterly dividend has been and continues to be an important contributor to the value we offer our shareholders. Based on a closing price of $24.95 per share on March 26, 2025, the annualized dividend of $1.44 per share represents an attractive yield of 5.77%."

The First Bancorp, headquartered in Damariscotta, Maine, is the holding company for First National Bank. Founded in 1864, the Bank serves Mid-Coast and Down East Maine with eighteen offices in Lincoln, Knox, Hancock, Penobscot, Waldo and Washington Counties. The Bank provides a full range of consumer and commercial banking products and services. First National Wealth Management, a division of First National Bank, provides investment management and trust services from five offices in Lincoln, Knox, Penobscot and Hancock Counties.

Forward-looking and cautionary statements: except for the historical information and discussions contained herein, statements contained in this release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve a number of risks, uncertainties and other factors that could cause actual results and events to differ materially, as discussed in the Company's filings with the Securities and Exchange Commission.

Category: Dividends

View source version on businesswire.com: https://www.businesswire.com/news/home/20250327670520/en/

The First Bancorp

Richard M. Elder, EVP, Chief Financial Officer

207-563-3195

rick.elder@thefirst.com

Source: The First Bancorp

FAQ

What is the dividend amount and yield for First Bancorp (FNLC) in Q1 2025?

FNLC declared a quarterly dividend of $0.36 per share, with an annualized dividend of $1.44 representing a 5.77% yield based on $24.95 share price.

When is FNLC's Q1 2025 dividend payment date?

The First Bancorp's Q1 2025 dividend will be paid on April 18, 2025, to shareholders of record as of April 8, 2025.

How many branch locations does First National Bank (FNLC) operate?

First National Bank operates 18 offices across Lincoln, Knox, Hancock, Penobscot, Waldo and Washington Counties in Maine.

What services does First National Wealth Management division of FNLC provide?

First National Wealth Management provides investment management and trust services from five offices in Lincoln, Knox, Penobscot and Hancock Counties.