reports
The First Bancorp Announces First Quarter Results
DAMARISCOTTA, Maine--(BUSINESS WIRE)-- 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. CEO COMMENTS "The first quarter of 2024 was in many ways a continuation of the primary themes and chall...
The First Bancorp Declares First Quarter Dividend
DAMARISCOTTA, Maine--(BUSINESS WIRE)-- The First Bancorp (NASDAQ: FNLC), 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. "I'm pleased to announce a first quarter dividend of 35 cents per share", remarked President & Chief Executive Officer, Tony C. McKim. "The quarterly dividend remains an important component of the value we offer our shareholders. Based on the March 27, 2024 closing price of $23.89 per share, the annualized dividend ...
The First Bancorp Reports Results for 2023
DAMARISCOTTA, Maine--(BUSINESS WIRE)-- 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...
The First Bancorp Declares Fourth Quarter Dividend
DAMARISCOTTA, Maine--(BUSINESS WIRE)-- The First Bancorp (NASDAQ: FNLC), 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. "I'm pleased to announce a fourth quarter dividend of 35 cents per share", remarked President & Chief Executive Officer, Tony C. McKim. "The quarterly dividend continues to be an important part of the value we offer our shareholders. Based on the December 20, 2023 closing price of $27.99 per share, the annualiz...
The First Bancorp Announces Third Quarter Earnings
DAMARISCOTTA, Maine--(BUSINESS WIRE)-- 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 yea...
The First Bancorp Declares Third Quarter Dividend
DAMARISCOTTA, Maine--(BUSINESS WIRE)-- The First Bancorp (NASDAQ: FNLC), 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. "I'm pleased to announce a third quarter dividend of 35 cents per share", remarked President & Chief Executive Officer, Tony C. McKim. "The quarterly dividend is an important part of the value we offer our shareholders. Based on the September 27, 2023 closing price of $23.37 per share, the annualized dividend o...
The First Bancorp Announces Second Quarter Earnings
DAMARISCOTTA, Maine--(BUSINESS WIRE)-- 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 sha...
The First Bancorp Declares Second Quarter Dividend
DAMARISCOTTA, Maine--(BUSINESS WIRE)-- The First Bancorp (NASDAQ: FNLC), 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. "I'm pleased to announce a second quarter dividend of 35 cents per share", remarked President & Chief Executive Officer, Tony C. McKim. "The quarterly dividend remains an ...
The First Bancorp Announces First Quarter Earnings
DAMARISCOTTA, Maine--(BUSINESS WIRE)-- 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 ...
The First Bancorp Declares First Quarter Dividend
DAMARISCOTTA, Maine--(BUSINESS WIRE)-- The First Bancorp (NASDAQ: FNLC), 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. "I'm pleased to announce a first quarter dividend of 34 cents per share," remarked President & Chief Executive Officer, Tony C. McKim. "Based on the March 29, 2023 closing price of $26.26 per share, the annualized dividend of $1.36 per share represents an attractive yield of 5.18% for our shareholders." The First B...
The First Bancorp Reports Results for 2022
DAMARISCOTTA, Maine--(BUSINESS WIRE)-- 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 result...
The First Bancorp Declares Fourth Quarter Dividend
DAMARISCOTTA, Maine--(BUSINESS WIRE)-- The First Bancorp (NASDAQ: FNLC), 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%. "The First Bancorp has posted strong operating results in 2022, with record earnings reported for each of the first three quarters", remarked President & Chief Executive Of...
The First Bancorp Third Quarter Earnings Increase 11.9%
DAMARISCOTTA, Maine--(BUSINESS WIRE)-- 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 en...
The First Bancorp Declares Third Quarter Dividend
DAMARISCOTTA, Maine--(BUSINESS WIRE)-- The First Bancorp (NASDAQ: FNLC), 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%. "To date, The First Bancorp has enjoyed an excellent year with record earnings reported for the first and second quarters of 2022," remarked President & Chief Executive Off...
The First Bancorp Second Quarter Earnings Increase 13.8%
DAMARISCOTTA, Maine--(BUSINESS WIRE)-- 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 3...
The First Bancorp Declares Second Quarter Dividend
DAMARISCOTTA, Maine--(BUSINESS WIRE)-- The First Bancorp (NASDAQ: FNLC), 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%. "The First Bancorp performe...
The First Bancorp First Quarter Earnings Increase 8.8%
DAMARISCOTTA, Maine--(BUSINESS WIRE)-- 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. "The First Bancorp enjoyed a strong start to 2022, posting a record e...
The First Bancorp Declares First Quarter Dividend
DAMARISCOTTA, Maine--(BUSINESS WIRE)-- The First Bancorp (NASDAQ: FNLC), 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%. "The First Bancorp performed very well in 2021 with record earnings being reported for the year," remarked President & Chief Executive Officer, Tony C. McKim. "The Board of Direct...
The First Bancorp Reports Results for 2021
DAMARISCOTTA, Maine--(BUSINESS WIRE)-- 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 th...
The First Bancorp Declares Fourth Quarter Dividend
DAMARISCOTTA, Maine--(BUSINESS WIRE)-- The First Bancorp (NASDAQ: FNLC), 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%. "The First Bancorp has performed very well in 2021 with record earnings being reported through the first nine months of the year," remarked President & Chief Executive Off...
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