The First Bancorp, Inc. operates as the holding company for First National Bank that provides a range of banking products and services to individual and corporate customers. It offers various deposit products, including demand, NOW, savings, money market, and certificates of deposit accounts. The company also provides commercial loan products, such as mortgage loans to finance investments in real property comprising multi-family residential, commercial/retail, office, industrial, hotel, educational, and other specific or mixed use properties; loans to finance construction of owner- and non-owner occupied commercial real estate properties; and revolving and term loan obligations to business and corporate enterprises for the purpose of financing working capital or capital investment. In addition, it offers municipal loans for capitalized expenditures, construction projects, or tax-anticipation notes; residential term loans that include amortizing home mortgages and construction loans, which include loans for owner-occupied residential construction; home equity loans and lines of credit; and consumer loans, which are amortizing loans to individuals collateralized by automobiles, pleasure crafts, and recreation vehicles, as well as unsecured short-term time notes. Further, the company provides private banking, financial planning, investment management, and trust services to individuals, businesses, non-profit organizations, and municipalities, as well as ATM processing services. It operates through 17 full-service banking offices in Lincoln, Knox, Waldo, Penobscot, Hancock, and Washington counties in the Mid-Coast, Eastern, and Down East regions of Maine. The company was formerly known as First National Lincoln Corporation and changed its name to The First Bancorp, Inc. in April 2008. The First Bancorp, Inc. was founded in 1864 and is based in Damariscotta, Maine.
IPO Year:
Exchange: NASDAQ
Website: thefirst.com
4 - First Bancorp, Inc /ME/ (0000765207) (Issuer)
4 - First Bancorp, Inc /ME/ (0000765207) (Issuer)
4 - First Bancorp, Inc /ME/ (0000765207) (Issuer)
3 - First Bancorp, Inc /ME/ (0000765207) (Issuer)
3 - First Bancorp, Inc /ME/ (0000765207) (Issuer)
3 - First Bancorp, Inc /ME/ (0000765207) (Issuer)
4 - First Bancorp, Inc /ME/ (0000765207) (Issuer)
4 - First Bancorp, Inc /ME/ (0000765207) (Issuer)
4 - First Bancorp, Inc /ME/ (0000765207) (Issuer)
4 - First Bancorp, Inc /ME/ (0000765207) (Issuer)
4 - First Bancorp, Inc /ME/ (0000765207) (Issuer)
4 - First Bancorp, Inc /ME/ (0000765207) (Issuer)
4 - First Bancorp, Inc /ME/ (0000765207) (Issuer)
8-K - First Bancorp, Inc /ME/ (0000765207) (Filer)
10-Q - First Bancorp, Inc /ME/ (0000765207) (Filer)
8-K/A - First Bancorp, Inc /ME/ (0000765207) (Filer)
8-K - First Bancorp, Inc /ME/ (0000765207) (Filer)
8-K - First Bancorp, Inc /ME/ (0000765207) (Filer)
13F-HR - First Bancorp, Inc /ME/ (0000765207) (Filer)
8-K - First Bancorp, Inc /ME/ (0000765207) (Filer)
10-K - First Bancorp, Inc /ME/ (0000765207) (Filer)
DEF 14A - First Bancorp, Inc /ME/ (0000765207) (Filer)
8-K - First Bancorp, Inc /ME/ (0000765207) (Filer)
The First Bancorp (NASDAQ:FNLC), the parent company of First National Bank, today declared a quarterly cash dividend of 37 cents per share. This second quarter dividend is payable July 18, 2025 to shareholders of record as of July 8, 2025. The quarterly cash dividend of 37 cents per share is an increase of one cent per share from the dividend paid in each of the prior four quarters. "I am pleased to announce that the Board of Directors has authorized a dividend of 37 cents per share for the second quarter of 2025," remarked President & Chief Executive Officer, Tony C. McKim. "The one cent increase in the dividend marks our 11th consecutive year of raising the payout by at least one cent i
2025 Q1 Results Highlighted by Strong Year-Over-Year Net Income Growth, Net Interest Margin Expansion, and Continued Favorable Asset Quality The First Bancorp (NASDAQ:FNLC), ("the Company", "we", "us", "our"), parent company of First National Bank, today reported unaudited results for the quarter ended March 31, 2025. Net income for the period was $7.1 million with fully diluted earnings per share of $0.63. First Quarter Notable Items: Net Income growth of 17.5% from Q1 2024; diluted EPS growth of 17.0% PTPP Net Income growth of 32.5% from Q1 2024 Efficiency Ratio improved to 56.9% from 61.1% in Q1 2024 Net Interest Margin increased by 6 basis points from Q4 2024 Total assets re
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 5.7
Fourth Quarter Results Driven by Improving Net Interest Margin, Earning Asset Growth, and Core Deposit Growth 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. Ear
The First Bancorp (NASDAQ:FNLC), 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. "As we approach 2024 year-end, I am pleased to announce a dividend of 36 cents per share for the fourth quarter," remarked President & Chief Executive Officer, Tony C. McKim. "The quarterly dividend continues to be an important contributor to the value we offer our shareholders. Based on a closing price of $26.57 per share on December 18, 2024, the annualized dividend of $1.44 per share represents an attractive yield of 5.42%." The First Bancorp
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
The First Bancorp (NASDAQ:FNLC), 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. "I'm pleased to announce that the Board of Directors approved a one cent increase in the second quarter dividend to 36 cents per share," remarked President & Chief Executive Officer, Tony C. McKim. "The quarterly dividend continues to be an important component of the value we offer our shareholders. Based on t
2024 Q1 Results Driven by Loan Growth and Strong Asset Quality FIRST QUARTER 2024 FINANCIAL HIGHLIGHTS Total assets were $2.98 billion, an increase of $31.5 million for the period Very strong asset quality with a ratio of Non-Performing Assets to Total Assets of 0.09% Loan balances grew at an annualized rate of 8.4% to $2.17 billion Total deposits decreased $50.7 million to $2.55 billion, in-line with seasonal expectations Net Income was $6.0 million A quarterly shareholder dividend of $0.35 per share was declared. The First Bancorp (NASDAQ:FNLC), parent company of First National Bank, today announced operating results for the three months ended March 31, 2024. Unaudi