FNLC
The First Bancorp, Inc.28.27
-0.09-0.32%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '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
8-K
10-Q
Q3 FY2025 results
The First Bancorp posted solid Q3 FY2025 results, with net income hitting $9.1 million, up 20% year-over-year, driven by net interest income climbing 22% to $20.1 million on a 2.70% margin—boosted by higher loan yields while deposit costs eased. Loans grew 4% year-over-year to $2.40 billion, fueled by commercial real estate and residential segments, yet non-performing assets ticked up to 0.30% of total assets amid stable credit quality. Operating cash flow reached $22.4 million year-to-date, supporting $31.6 million in cash and $152.9 million in borrowings with no covenant issues. Balance sheet expanded modestly to $3.20 billion. Rising competition in Maine's banking scene could pressure deposit margins.
8-K
Strong Q3 earnings growth
The First Bancorp reported Q3 2025 net income of $9.1 million, up 20% from last year, fueled by net interest income climbing to $20.1 million and margin expanding to 2.70%. Non-maturity deposits surged $139.5 million, enabling cuts in costlier wholesale funding while loans grew modestly. Asset quality holds steady, with non-performing loans at 0.40%. Earnings momentum builds.
8-K
Dividend declared at 37 cents
The First Bancorp declared a quarterly cash dividend of 37 cents per share on September 25, 2025, payable October 16 to shareholders of record on October 6. This payout underscores the bank's steady commitment to shareholder returns amid stable operations. At a recent closing price of $26.49, it yields 5.59% annualized. Forward-looking statements note potential risks from uncertainties.
10-Q
Q2 FY2025 results
The First Bancorp posted solid Q2 FY2025 results, with net income hitting $8.1 million, up 30.7% year-over-year, driven by net interest income climbing 21.2% to $18.4 million on a tax-equivalent basis and a net interest margin expanding to 2.52% from 2.21%. Loan growth accelerated 6.5% year-over-year to $2.39 billion, fueled by commercial real estate and residential segments, while deposits edged up 4.9% to $2.71 billion. Asset quality held steady, with non-performing assets at 0.19% of total assets and the allowance for credit losses covering 1.04% of loans. Cash and equivalents stood at $27.4 million, bolstered by $9.5 million in operating cash flow, and total borrowed funds reached $196.2 million including $101.2 million short-term FHLB advances. Yet competition in Maine's banking market could pressure deposit margins ahead.
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