The First Bancorp Announces Second Quarter Results
First Bancorp, Inc (ME) (FNLC)
US:NASDAQ Investor Relations:
snl.com/irweblinkx/corporateprofile.aspx?iid=4041406
Company Research
Source: Business Wire
2024 Q2 Results Driven by Loan Growth, Stable Net Interest Margin, and Strong Asset Quality DAMARISCOTTA, Maine--(BUSINESS WIRE)--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 Q2Pre-tax, pre-provision earnings increased by $1.2 million or 18.1% from Q1Loan balances grew at an annualized rate of 13.6% to $2.25 billionNon-Performing Assets to Total Assets of 0.09%, unchanged from Q1Efficiency Ratio improved by 4.8 percentage points from Q1Quarterly shareholder dividend increased by $0.01 to $0.36 per shareCEO COMMENTS"I am pleased to r
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- The First Bancorp Declares Third Quarter DividendBusiness Wire
- The First Bancorp: Not The First On My List [Seeking Alpha]Seeking Alpha
- FIRST BANCORP ANNOUNCES RETIREMENT OF DIRECTOR [Yahoo! Finance]Yahoo! Finance
- The First Bancorp: Over 6% Dividend Yield, Earnings Likely To Turn Around Soon [Seeking Alpha]Seeking Alpha
FNLC
Sec Filings
- 9/26/24 - Form 8-K
- 8/15/24 - Form N-PX
- 8/9/24 - Form 10-Q
- FNLC's page on the SEC website