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First Bancorp Inc (ME) - FNLC STOCK NEWS

Welcome to our dedicated news page for First Bancorp (ME) (Ticker: FNLC), a resource for investors and traders seeking the latest updates and insights on First Bancorp (ME).

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect First Bancorp (ME)'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of First Bancorp (ME)'s position in the market.

News
The First Bancorp Announces First Quarter Results
Rhea-AI Summary
The First Bancorp (Nasdaq: FNLC) announced its first-quarter 2024 financial results, reporting total assets of $2.98 billion, a 31.5 million increase. The company showed strong asset quality with a Non-Performing Assets to Total Assets ratio of 0.09%. Loan balances grew by 8.4% to $2.17 billion, while total deposits decreased to $2.55 billion. Net income was $6.0 million, with a quarterly shareholder dividend of $0.35 per share declared. CEO Tony C. McKim highlighted responsible balance sheet growth, strong asset quality, and disciplined lending practices, despite higher funding costs impacting the bottom line.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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earnings
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News
The First Bancorp Declares First Quarter Dividend
Rhea-AI Summary
The First Bancorp (FNLC) declares a quarterly cash dividend of 35 cents per share, payable on April 19, 2024. The annualized dividend of $1.40 per share offers a 5.86% yield. The company, founded in 1864, serves Mid-Coast and Down East Maine with a full range of banking products and services.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.01%
Tags
dividends
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News
The First Bancorp Reports Results for 2023
Rhea-AI Summary
The First Bancorp (Nasdaq: FNLC) reported a decrease in net income by 24.3% for the year 2023, with total assets reaching $2.95 billion, and total loans and deposits increasing by 11.2% and 9.3% respectively. The company's asset quality remained excellent, with a Non-Performing Assets to Total Assets ratio of 0.07%. However, net income decreased due to higher funding costs, resulting in a 24.3% decrease from 2022. The company's CEO expressed optimism despite the challenges faced in 2023, highlighting the support provided to businesses and communities, and the strong financial position of the company.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.76%
Tags
earnings
News
The First Bancorp Declares Fourth Quarter Dividend
Rhea-AI Summary
The First Bancorp (NASDAQ: FNLC) declares a quarterly cash dividend of 35 cents per share, payable on January 19, 2024, to shareholders of record as of January 8, 2024. President & Chief Executive Officer, Tony C. McKim, remarks on the importance of the dividend, representing an attractive yield of 5.00% based on the December 20, 2023 closing price of $27.99 per share. The company, founded in 1864, serves Mid-Coast and Down East Maine with eighteen offices, providing a full range of banking products and services, including investment management and trust services through First National Wealth Management.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.43%
Tags
dividends
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News
The First Bancorp Announces Third Quarter Earnings
Rhea-AI Summary
The First Bancorp reports operating results for Q3 2023 with net income of $7.5 million and diluted earnings per share of $0.67. Total assets reach $2.94 billion, supported by total deposits of $2.60 billion and common equity of $226.7 million. Loan growth in Q3 was $18.9 million, led by retail loan portfolios. Asset quality remains strong with a ratio of non-performing loans to total loans of 0.12%. The Company declares a quarterly dividend of $0.35 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.04%
Tags
earnings
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News
The First Bancorp Declares Third Quarter Dividend
Rhea-AI Summary
The First Bancorp declares a quarterly cash dividend of 35 cents per share, payable on October 20, 2023. The annualized dividend of $1.40 per share represents an attractive yield of 5.99% based on the closing price of $23.37 per share on September 27, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.86%
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dividends
News
The First Bancorp Announces Second Quarter Earnings
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.59%
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earnings
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The First Bancorp Declares Second Quarter Dividend
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.9%
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dividends
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News
The First Bancorp Announces First Quarter Earnings
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.6%
Tags
earnings
News
The First Bancorp Declares First Quarter Dividend
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.01%
Tags
dividends
Stock FNLC logo
First Bancorp Inc (ME)

Nasdaq:FNLC

FNLC Rankings

#3570 Ranked by Market Cap
#3646 Ranked by Stock Gains
#473 Ranked by Dividends

FNLC Stock Data

248.31M
9.52M
4.45%
49.17%
0.26%
Commercial Banking
Finance and Insurance
Link
United States
Damariscotta

About FNLC

first bancorp inc is a financial services company located in 331 dock st, ketchikan, alaska, united states.