FNLC
The First Bancorp, Inc.28.27
-0.09-0.32%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
317.17MP/E (TTM)
10.06Basic EPS (TTM)
2.81Dividend Yield
0.05%Recent Filings
10-K
FY2025 results
The First Bancorp posted FY2025 net income of $34.4M, up 27% y/y, with diluted EPS $3.07 versus $2.43. Net interest income soared 20% to $80.2M (tax-equivalent) as NIM expanded to 2.63% from 2.29%, accelerating from Q4 2024's 2.42% through Q4 2025's 2.83% on lower funding costs and loan growth. Loans rose 2.3% to $2.39B while core deposits climbed 4.8%; Q4 asset quality ticked up with nonperformers at 0.54% of loans. Capital strengthened to 14.02% total risk-based. Q4 roared. Localized real estate weakness risks quarterly momentum.
8-K
Q4 earnings soar 39.7%
The First Bancorp posted Q4 2025 net income of $10.2 million, up 39.7% from Q4 2024, fueled by net interest income jumping 20.3% to $21.1 million and margin expansion to 2.83%. Full-year earnings hit $34.4 million, a 27.2% rise, with loans up $53.2 million yet non-performing loans ticking to 0.54%. Momentum builds.
8-K
CIO appointed pre-retirement
The First Bancorp appointed Brad Martin as Executive Vice President and Chief Information Officer on January 12, 2026, ahead of Tammy Plummer's retirement. Martin brings 17 years in financial services, including a recent SVP IT Director role at a Maine bank, plus certifications and awards. Smooth transition. Leadership bolsters tech expertise amid key exit.
8-K
Q4 dividend declared
8-K
Auditor switch completed smoothly
The First Bancorp dismissed Berry, Dunn, McNeil & Parker, LLC as its auditor effective November 19, 2025, and hired BDMP Assurance, LLP—owned by some of its ex-partners—for the fiscal year ending December 31, 2025. No disagreements or reportable events marred the prior audits for 2023-2024. Clean switch. Prior firm concurs per Exhibit 16.1.
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