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The First Bancorp Announces Fourth Quarter and 2024 Annual Results
The First Bancorp (Nasdaq: FNLC), parent company of First National Bank, today announced operating results for the three months and year ended December 31, 2024. Fourth quarter unaudited net income was $7.3 million, an increase of 9.0% from the fourth quarter of 2023. Earnings per share on a fully diluted basis for the fourth quarter of 2024 were $0.65, up $0.05 or 8.5% from the prior year period. For the twelve months ended December 31, 2024 unaudited net income was $27.0 million, a decrease of 8.4% from the $29.5 million reported for the twelve months ended December 31, 2023. Earnings per common share on a fully diluted basis were down $0.24 to $2.43 per share, a decrease of 8.9% from the prior year.
By The First Bancorp · Via Business Wire · January 22, 2025
The First Bancorp Declares Fourth Quarter Dividend
The First Bancorp (NASDAQFNLC), the parent company of First National Bank, today declared a quarterly cash dividend of 36 cents per share. This fourth quarter dividend is payable January 16, 2025 to shareholders of record as of January 6, 2025.
By The First Bancorp · Via Business Wire · December 19, 2024
The First Bancorp Announces Third Quarter Results
The First Bancorp (Nasdaq: FNLC), ("the Company", "we", "us", "our"), parent company of First National Bank, today reported unaudited net income of $7.6 million with diluted earnings per share of $0.68 for the quarter ended September 30, 2024. The Company also reported results for the nine months ended September 30, 2024. Net income year-to-date in 2024 was $19.8 million, with diluted earnings per share of $1.78.
By The First Bancorp · Via Business Wire · October 23, 2024
The First Bancorp Declares Third Quarter Dividend
The First Bancorp (NASDAQFNLC), the parent company of First National Bank, today declared a quarterly cash dividend of 36 cents per share. This third quarter dividend is payable October 18, 2024 to shareholders of record as of October 8, 2024.
By The First Bancorp · Via Business Wire · September 26, 2024
The First Bancorp Announces Second Quarter Results
The First Bancorp (Nasdaq: FNLC), ("the Company", "we", "us", "our"), parent company of First National Bank, today reported unaudited net income of $6.2 million with diluted earnings per share of $0.55 for the quarter ended June 30, 2024. The Company also reported results for the six months ended June 30, 2024. Net income year-to-date in 2024 was $12.2 million, with diluted earnings per share of $1.10.
By The First Bancorp · Via Business Wire · July 24, 2024
The First Bancorp Declares Second Quarter Dividend
The First Bancorp (NASDAQFNLC), the parent company of First National Bank, today declared a quarterly cash dividend of 36 cents per share. This second quarter dividend is payable July 19, 2024 to shareholders of record as of July 9, 2024. The quarterly cash dividend of 36 cents per share is an increase of one cent per share from the dividend paid in each of the prior four quarters.
By The First Bancorp · Via Business Wire · June 27, 2024
The First Bancorp Announces First Quarter Results
The First Bancorp (Nasdaq: FNLC), parent company of First National Bank, today announced operating results for the three months ended March 31, 2024. Unaudited net income for the period was $6.0 million as compared to net income of $8.0 million for the quarter ended March 31, 2023, and net income of $6.7 million for the prior quarter ended December 31, 2023. Diluted earnings per share were $0.54, $0.72 and $0.60 for those same periods, respectively.
By The First Bancorp · Via Business Wire · April 17, 2024
The First Bancorp Declares First Quarter Dividend
The First Bancorp (NASDAQFNLC), the parent company of First National Bank, today declared a quarterly cash dividend of 35 cents per share. This first quarter dividend is payable April 19, 2024 to shareholders of record as of April 9, 2024.
By The First Bancorp · Via Business Wire · March 28, 2024
The First Bancorp Reports Results for 2023
The First Bancorp (Nasdaq: FNLC), parent company of First National Bank, today announced operating results for the year ended December 31, 2023. Unaudited net income was $29.5 million, a decrease of 24.3% from the $39.0 million reported for the year ended December 31, 2022. Earnings per common share on a fully diluted basis were down $0.87 to $2.66 per share, a decrease of 24.6% from the prior year. The Company also announced operating results for the three months ended December 31, 2023. Unaudited net income was $6.7 million, a decrease of 27.4% from the final three months of 2022. Earnings per share on a fully diluted basis for the fourth quarter of 2023 were $0.60, down $0.23 or 27.7% from the fourth quarter of 2022.
By The First Bancorp · Via Business Wire · January 24, 2024
The First Bancorp Declares Fourth Quarter Dividend
The First Bancorp (NASDAQFNLC), the parent company of First National Bank, today declared a quarterly cash dividend of 35 cents per share. This fourth quarter dividend is payable January 19, 2024 to shareholders of record as of January 8, 2024.
By The First Bancorp · Via Business Wire · December 21, 2023
The First Bancorp Announces Third Quarter Earnings
The First Bancorp (Nasdaq: FNLC), parent company of First National Bank, today announced operating results for the three months ended September 30, 2023. Unaudited net income for the period was $7.5 million representing an increase of 1.1% from the second quarter of 2023. Diluted earnings per share were $0.67, level with the prior quarter. The Company also reported results for the nine months ended September 30, 2023. Net income year-to-date in 2023 was $22.8 million, with diluted earnings per share of $2.06. Total assets have increased $205.0 million year-to-date to reach $2.94 billion, supported by total deposits of $2.60 billion, borrowings of $83.0 million and common equity of $226.7 million.
By The First Bancorp · Via Business Wire · October 18, 2023
The First Bancorp Declares Third Quarter Dividend
The First Bancorp (NASDAQFNLC), the parent company of First National Bank, today declared a quarterly cash dividend of 35 cents per share. This third quarter dividend is payable October 20, 2023 to shareholders of record as of October 10, 2023.
By The First Bancorp · Via Business Wire · September 28, 2023
The First Bancorp Announces Second Quarter Earnings
The First Bancorp (Nasdaq: FNLC), parent company of First National Bank, today announced operating results for the three months ended June 30, 2023. Unaudited net income for the period was $7.4 million representing diluted earnings per share of $0.67. The Company also reported results for the six months ended June 30, 2023. Net income year-to-date in 2023 was $15.4 million, with diluted earnings per share of $1.39. Compared to prior periods, earnings for the second quarter of 2023 were down from the net income of $10.0 million and diluted earnings per share of $0.91 reported in the second quarter of 2022, and down from the net income of $8.0 million and diluted earnings per share of $0.72 reported for the first quarter of 2023. Total assets have increased $135.6 million year-to-date to reach $2.87 billion, supported by total deposits of $2.50 billion, borrowings of $114.5 million and common equity of $232.0 million.
By The First Bancorp · Via Business Wire · July 19, 2023
The First Bancorp Declares Second Quarter Dividend
The First Bancorp (NASDAQFNLC), the parent company of First National Bank, today declared a quarterly cash dividend of 35 cents per share. This second quarter dividend is payable July 20, 2023 to shareholders of record as of July 10, 2023. The quarterly cash dividend of 35 cents per share is an increase of one cent per share from the dividend paid in each of the prior four quarters.
By The First Bancorp · Via Business Wire · June 29, 2023
The First Bancorp Announces First Quarter Earnings
The First Bancorp (Nasdaq: FNLC), parent company of First National Bank, today announced operating results for the three months ended March 31, 2023. Unaudited net income for the period was $8.0 million representing diluted earnings per share of $0.72, as compared to net income of $9.7 million and diluted earnings per share of $0.88 in the first quarter of 2022. Non-recurring revenues in the first quarter of 2022, including Payroll Protection Program ("PPP") fees and debit card program incentives, accounted for $1.4 million of the year-to-year change, or $0.13 per diluted share, and a decrease in mortgage banking revenue, another $306,000, or $0.03 per share. Removing these effects, net income was approximately flat versus the prior year period. Earnings were down from the fourth quarter of 2022 when the Company reported net income of $9.2 million and diluted earnings per share of $0.83. The primary change quarter-to-quarter was a decline in net interest income of $2.0 million, or $0.18 per diluted share, the result of margin pressure on the funding side of the balance sheet. Rate driven competition for local deposits and rising costs for wholesale funding were the primary factors behind the margin pressure experienced in the period.
By The First Bancorp · Via Business Wire · April 19, 2023
The First Bancorp Declares First Quarter Dividend
The First Bancorp (NASDAQFNLC), the parent company of First National Bank, today declared a quarterly cash dividend of 34 cents per share. This first quarter dividend is payable April 20, 2023 to shareholders of record as of April 10, 2023.
By The First Bancorp · Via Business Wire · March 30, 2023
The First Bancorp Reports Results for 2022
The First Bancorp (Nasdaq: FNLC), parent company of First National Bank, today announced operating results for the year ended December 31, 2022. Unaudited net income was $39.0 million, an increase of 7.5% from the $36.3 million reported for the year ended December 31, 2021. Net of non-recurring Payroll Protection Program (PPP) revenue, unaudited net income for 2022 was up 14.6% over 2021. Earnings per common share on a fully diluted basis were up $0.23 to $3.53 per share, an increase of 7.0% from the prior year. The Company also announced operating results for the three months ended December 31, 2022. Unaudited net income was $9.2 million, a decrease of 3.7% from the final three months of 2021. Net of non-recurring PPP revenue, unaudited net income for the three months ended December 31, 2022 was up 6.3% from the same period in 2021. Earnings per share on a fully diluted basis for the fourth quarter of 2022 were $0.83, down $0.04 or 4.6% from the fourth quarter of 2021.
By The First Bancorp · Via Business Wire · January 18, 2023
The First Bancorp Declares Fourth Quarter Dividend
The First Bancorp (NASDAQFNLC), the parent company of First National Bank, today declared a quarterly cash dividend of 34 cents per share. This fourth quarter dividend is payable January 20, 2023 to shareholders of record as of January 9, 2023. Based on the December 14, 2022 closing price of $29.93 per share, the annualized dividend of $1.36 per share translates to a yield of 4.54%.
By The First Bancorp · Via Business Wire · December 15, 2022
The First Bancorp Third Quarter Earnings Increase 11.9%
The First Bancorp (Nasdaq: FNLC), parent company of First National Bank, today announced operating results for the three months ended September 30, 2022. Unaudited net income was $10.1 million, up $1.1 million or 11.9% from the $9.0 million reported for the three months ended September 30, 2021 and represents a new quarterly earnings high mark for the Company. Earnings per common share for the period on a fully diluted basis were up $0.09 to $0.91 per share, an increase of 11.0% from the prior year. The Company also reported results for the nine months ended September 30, 2022. Net income was $29.8 million, up $3.1 million or 11.5% from the first nine months of 2021, with earnings per share on a fully diluted basis of $2.70, up $0.27 or 11.1% from the same period in 2021.
By The First Bancorp · Via Business Wire · October 19, 2022
The First Bancorp Declares Third Quarter Dividend
The First Bancorp (NASDAQFNLC), the parent company of First National Bank, today declared a quarterly cash dividend of 34 cents per share. This third quarter dividend is payable October 21, 2022 to shareholders of record as of October 5, 2022. Based on the September 20, 2022 closing price of $28.58 per share, the annualized dividend of $1.36 per share translates to a yield of 4.76%.
By The First Bancorp · Via Business Wire · September 21, 2022
The First Bancorp Second Quarter Earnings Increase 13.8%
The First Bancorp (Nasdaq: FNLC), parent company of First National Bank, today announced operating results for the three months ended June 30, 2022. Unaudited net income was $10.0 million, up $1.2 million or 13.8% from the $8.8 million reported for the three months ended June 30, 2021, and represents a new quarterly earnings high mark for the Company. Earnings per common share for the period on a fully diluted basis were up $0.11 to $0.91 per share, an increase of 13.8% from the prior year. The Company also reported results for the six months ended June 30, 2022. Net income was $19.7 million, up $2.0 million or 11.3% from the first six months of 2021, with earnings per share on a fully diluted basis of $1.79, up $0.18 or 11.2% from the same period in 2021.
By The First Bancorp · Via Business Wire · July 20, 2022
The First Bancorp Declares Second Quarter Dividend
The First Bancorp (NASDAQFNLC), the parent company of First National Bank, today declared a quarterly cash dividend of 34 cents per share. This second quarter dividend is payable July 22, 2022 to shareholders of record as of July 11, 2022. The quarterly cash dividend of 34 cents per share is an increase of 2 cents or 6.25% from the 32 cents per share paid in each of the prior four quarters. Based on the June 29, 2022 closing price of $29.92 per share, the annualized dividend of $1.36 per share translates to a yield of 4.55%.
By The First Bancorp · Via Business Wire · June 30, 2022
The First Bancorp First Quarter Earnings Increase 8.8%
The First Bancorp (Nasdaq: FNLC), parent company of First National Bank, today announced operating results for the three months ended March 31, 2022. Unaudited net income was $9.7 million, up $783,000 or 8.8% from the $8.9 million reported for the three months ended March 31, 2021, and represents a new quarterly earnings high mark for the Company. Earnings per common share for the period on a fully diluted basis were up $0.07 to $0.88 per share, an increase of 8.6% from the prior year.
By The First Bancorp · Via Business Wire · April 20, 2022
The First Bancorp Declares First Quarter Dividend
The First Bancorp (NASDAQFNLC), the parent company of First National Bank, today declared a quarterly cash dividend of 32 cents per share. This first quarter dividend is payable April 22, 2022 to shareholders of record as of April 11, 2022. Based on the March 30, 2022 closing price of $30.06 per share, the annualized dividend of $1.28 per share translates to a yield of 4.26%.
By The First Bancorp · Via Business Wire · March 31, 2022
The First Bancorp Reports Results for 2021
The First Bancorp (Nasdaq: FNLC), parent company of First National Bank, today announced operating results for the year ended December 31, 2021. Unaudited net income was $36.3 million, an increase of 33.7% from the $27.1 million reported for the year ended December 31, 2020. Earnings per common share on a fully diluted basis were up $0.82 to $3.30 per share, an increase of 33.1% from the prior year. The Company also announced operating results for the three months ended December 31, 2021. Unaudited net income was $9.5 million, an increase of 37.0% from the final three months of 2020, with earnings per share on a fully diluted basis of $0.87, up $0.23 or 35.9% from the same period in 2020.
By The First Bancorp · Via Business Wire · January 19, 2022
The First Bancorp Declares Fourth Quarter Dividend
The First Bancorp (NASDAQFNLC), the parent company of First National Bank, today declared a quarterly cash dividend of 32 cents per share. This fourth quarter dividend is payable January 21, 2022 to shareholders of record as of January 10, 2022. Based on the December 29, 2021 closing price of $31.70 per share, the annualized dividend of $1.28 per share translates to a yield of 4.04%.
By The First Bancorp · Via Business Wire · December 30, 2021
The First Bancorp Third Quarter Earnings Increase 27.0%
The First Bancorp (Nasdaq: FNLC), parent company of First National Bank, today announced operating results for the three months ended September 30, 2021. Unaudited net income was $9.0 million, up $1.9 million or 27.0% from the $7.1 million reported for the three months ended September 30, 2020, representing a new quarterly earnings high mark for the Company. Earnings per common share for the period on a fully diluted basis were up $0.17 to $0.82 per share, an increase of 26.2% from the prior year. The Company also reported results for the nine months ended September 30, 2021. Net income was $26.7 million, up $6.6 million or 32.6% from the first nine months of 2020, and representing a new high mark for nine month earnings. Year-to-date earnings per share on a fully diluted basis were $2.43, up $0.59 or 32.1% from the same period in 2020.
By The First Bancorp · Via Business Wire · October 20, 2021
The First Bancorp Declares Third Quarter Dividend
The First Bancorp (NASDAQFNLC), the parent company of First National Bank, today declared a quarterly cash dividend of 32 cents per share. This third quarter dividend is payable October 22, 2021 to shareholders of record as of October 12, 2021. Based on the September 29, 2021 closing price of $29.50 per share, the annualized dividend of $1.28 per share translates to a yield of 4.34%.
By The First Bancorp · Via Business Wire · September 30, 2021
The First Bancorp's Second Quarter Earnings Increase 33.8%
The First Bancorp (Nasdaq: FNLC), parent company of First National Bank, today announced operating results for the three months ended June 30, 2021. Unaudited net income was $8.8 million, up $2.2 million or 33.8% from the $6.6 million reported for the three months ended June 30, 2020. Earnings per common share for the period on a fully diluted basis were up $0.20 to $0.80 per share, an increase of 33.3% from the prior year. The Company also reported results for the six months ended June 30, 2021. Net income was $17.7 million, up $4.6 million or 35.6% from the first six months of 2020, with earnings per share on a fully diluted basis of $1.61, up $0.41 or 34.2% from the same period in 2020.
By The First Bancorp · Via Business Wire · July 21, 2021
The First Bancorp Declares Second Quarter Dividend
The Board of Directors of The First Bancorp (NASDAQFNLC), the parent company of First National Bank, today declared a quarterly cash dividend of 32 cents per share. This first quarter dividend is payable July 19, 2021 to shareholders of record as of July 8, 2021. Based on the June 23, 2021 closing price of $29.88 per share, the annualized dividend of $1.28 per share translates to a yield of 4.28%.
By The First Bancorp · Via Business Wire · June 24, 2021
The First Bancorp Reports Record First Quarter Earnings
The First Bancorp (Nasdaq: FNLC), parent company of First National Bank, today announced operating results for the three months ended March 31, 2021. Unaudited net income was $8.9 million, up $2.4 million or 37.4% from the $6.5 million reported for the three months ended March 31, 2020. Earnings per common share for the period on a fully diluted basis were up $0.21 to $0.81 per share, an increase of 35.0% from the prior year.
By The First Bancorp · Via Business Wire · April 21, 2021