Welcome to our dedicated page for First Bancorp news (Ticker: FNLC), a resource for investors and traders seeking the latest updates and insights on First Bancorp stock.
First Bancorp Inc (FNLC) serves as a trusted resource for investors and stakeholders seeking comprehensive updates on this established bank holding company. This dedicated news hub aggregates official announcements, financial disclosures, and market analyses related to FNLC's retail banking operations, commercial lending activities, and investment management services.
Visitors gain access to carefully curated information spanning earnings reports, regulatory filings, strategic partnerships. The collection emphasizes FNLC's core operations in consumer banking, mortgage lending, and wealth management solutions while maintaining strict adherence to factual reporting standards.
Key updates include developments in commercial finance initiatives, private banking expansions, and financial product innovations. This centralized repository enables efficient tracking of the company's performance within the competitive banking sector without promotional bias.
For optimal use, consider bookmarking this page for regular monitoring of FNLC's financial health and strategic direction. All content undergoes rigorous verification to ensure alignment with investor needs and regulatory compliance requirements.
The First Bancorp (Nasdaq: FNLC) reported record net income of $10.1 million for Q3 2022, reflecting an 11.9% increase from Q3 2021. Earnings per share rose to $0.91, up from $0.82. Year-to-date net income reached $29.8 million, marking an 11.5% growth. Key drivers included a 16.6% rise in net interest income, fueled by a healthy loan portfolio growth of $232.3 million. The efficiency ratio increased to 46.02%, influenced by one-time costs. As of September 30, total assets stood at $2.74 billion, underpinned by strong deposit growth of 16.6%.
The First Bancorp (NASDAQ: FNLC) has announced a quarterly cash dividend of 34 cents per share, payable on October 21, 2022, to shareholders of record as of October 5, 2022. This dividend reflects an annual yield of 4.76%, based on the closing price of $28.58 per share on September 20, 2022. CEO Tony C. McKim highlighted the company’s strong performance, with record earnings reported in the first two quarters of 2022, demonstrating the Board’s commitment to shareholder returns.
The First Bancorp (Nasdaq: FNLC) reported a strong second quarter 2022, achieving a net income of $10.0 million, up 13.8% from the previous year. This marks a new quarterly earnings record with earnings per share at $0.91, a 13.8% increase. For the first half of 2022, net income reached $19.7 million, up 11.3% year-over-year. Key growth drivers included a 20.2% increase in non-PPP loan growth, leading to an 18.9% rise in net interest income. The company declared a dividend of $0.34 per share, a 6.25% increase. Asset quality remains high, with low non-performing loan ratios.
The First Bancorp (NASDAQ: FNLC) declared a quarterly cash dividend of 34 cents per share, marking a 6.25% increase from the prior quarter's 32 cents. This dividend is payable on July 22, 2022, to shareholders of record as of July 11, 2022. Based on the June 29, 2022 closing price of $29.92, the annualized dividend yields 4.55%. The company's President, Tony C. McKim, noted strong performance in 2021 and into 2022, showcasing commitment to rewarding shareholders.
The First Bancorp (Nasdaq: FNLC) reported a record net income of $9.7 million for Q1 2022, an increase of 8.8% from the previous year, with earnings per share rising to $0.88. Loan growth was strong at $79.2 million, primarily in commercial real estate and construction, reflecting an annualized growth rate of 19.7%. Net interest income grew 17.3% year-over-year, and the net interest margin improved to 3.24%. A quarterly dividend of $0.32 per share was declared, underscoring the company's commitment to returning value to shareholders.
The First Bancorp (NASDAQ: FNLC) has declared a quarterly cash dividend of 32 cents per share, payable on April 22, 2022, to shareholders of record as of April 11, 2022. This dividend, based on the March 30, 2022 closing price of $30.06 per share, translates to an annualized yield of 4.26%. President & CEO Tony C. McKim highlighted the company’s record performance in 2021 and the Board's commitment to sharing success with shareholders through dividends.
The First Bancorp (Nasdaq: FNLC) has reported impressive financial results for the year ended December 31, 2021. Net income reached $36.3 million, a 33.7% increase from 2020, with diluted earnings per share rising 33.1% to $3.30. The fourth quarter alone saw net income of $9.5 million, also up 37.0%. Key growth drivers included $170.9 million in loan growth and a 14.1% increase in non-interest revenue. Asset quality improved with non-performing assets decreasing from 0.32% to 0.23% of total assets.
The First Bancorp (NASDAQ: FNLC) declared a quarterly cash dividend of
The First Bancorp (Nasdaq: FNLC) announced record operating results for Q3 2021, achieving a net income of $9.0 million, a 27.0% increase from $7.1 million in Q3 2020. Earnings per share rose to $0.82, up 26.2%. The company reported a year-to-date net income of $26.7 million, up 32.6%. Loan balances, excluding PPP loans, grew by $43.7 million, while low-cost deposits increased by $138.9 million. Net interest income surged 15.4%. However, mortgage banking revenues fell 46.2% compared to last year. The efficiency ratio improved to 44.85%, reflecting strong asset management performance.
The First Bancorp (NASDAQ: FNLC) has announced a quarterly cash dividend of 32 cents per share, payable on October 22, 2021, to shareholders of record as of October 12, 2021. This dividend reflects an annualized rate of $1.28, providing a yield of 4.34% based on the closing price of $29.50 on September 29, 2021. The company's recent earnings have been strong, with record earnings reported in both 2020 and the first half of 2021, according to CEO Tony C. McKim.
FAQ
What is the current stock price of First Bancorp (FNLC)?
What is the market cap of First Bancorp (FNLC)?
