First Bancorp Increases Quarterly Dividend From $0.35 To $0.36 Per Share
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2024 Q3 Results Driven by Loan Growth, Net Interest Margin Expansion, and Continued Strong Asset Quality 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. Third Quarter Notable Items: Net Income growth of 22.7% from Q2; diluted EPS growth of 22.6% Net Interest Income at its highest level in six quarters Net Interest Margin
The First Bancorp (NASDAQ:FNLC), 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. "I'm pleased to announce a dividend of 36 cents per share for the third quarter," remarked President & Chief Executive Officer, Tony C. McKim. "The quarterly dividend remains an important component of the value we offer our shareholders. Based on a closing price of $26.03 per share on September 25, 2024, the annualized dividend of $1.44 per share represents an attractive yield of 5.53%." The First Bancorp, headquartered in Damariscotta, Maine, is t
2024 Q2 Results Driven by Loan Growth, Stable Net Interest Margin, and Strong Asset Quality 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. Second Quarter Notable Items: Total assets reached $3.08 billion, an increase of $106.8 million in Q2 Pre-tax, pre-provision earnings increased by $1.2 million or 18.1% from Q1 Loan balance
4 - First Bancorp, Inc /ME/ (0000765207) (Issuer)
2024 Q3 Results Driven by Loan Growth, Net Interest Margin Expansion, and Continued Strong Asset Quality 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. Third Quarter Notable Items: Net Income growth of 22.7% from Q2; diluted EPS growth of 22.6% Net Interest Income at its highest level in six quarters Net Interest Margin
The First Bancorp (NASDAQ:FNLC), 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. "I'm pleased to announce a dividend of 36 cents per share for the third quarter," remarked President & Chief Executive Officer, Tony C. McKim. "The quarterly dividend remains an important component of the value we offer our shareholders. Based on a closing price of $26.03 per share on September 25, 2024, the annualized dividend of $1.44 per share represents an attractive yield of 5.53%." The First Bancorp, headquartered in Damariscotta, Maine, is t
2024 Q2 Results Driven by Loan Growth, Stable Net Interest Margin, and Strong Asset Quality 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. Second Quarter Notable Items: Total assets reached $3.08 billion, an increase of $106.8 million in Q2 Pre-tax, pre-provision earnings increased by $1.2 million or 18.1% from Q1 Loan balance
4 - First Bancorp, Inc /ME/ (0000765207) (Issuer)
4 - First Bancorp, Inc /ME/ (0000765207) (Issuer)
4 - First Bancorp, Inc /ME/ (0000765207) (Issuer)
10-Q - First Bancorp, Inc /ME/ (0000765207) (Filer)
8-K - First Bancorp, Inc /ME/ (0000765207) (Filer)
13F-HR - First Bancorp, Inc /ME/ (0000765207) (Filer)
First Bancorp (NASDAQ:FNLC) reported quarterly earnings of $1.09 per share. This is a 63.43 percent increase over earnings of $0.67 per share from the same period last year.