First Bancorp Inc (OQ:FNLC)

Apr 17, 2024 04:15 pm ET
The First Bancorp Announces First Quarter Results
The First Bancorp (Nasdaq: FNLC), parent company of First National Bank, today announced operating results for the three months ended March 31, 2024. Unaudited net income for the period was $6.0 million as compared to net income of $8.0 million for the quarter ended March 31, 2023, and net income of $6.7 million for the prior quarter ended December 31, 2023. Diluted earnings per share were $0.54, $0.72 and $0.60 for those same periods, respectively.
Mar 28, 2024 04:15 pm ET
The First Bancorp Declares First Quarter Dividend
The First Bancorp (NASDAQ: FNLC), the parent company of First National Bank, today declared a quarterly cash dividend of 35 cents per share. This first quarter dividend is payable April 19, 2024 to shareholders of record as of April 9, 2024.
Jan 24, 2024 04:15 pm ET
The First Bancorp Reports Results for 2023
The First Bancorp (Nasdaq: FNLC), parent company of First National Bank, today announced operating results for the year ended December 31, 2023. Unaudited net income was $29.5 million, a decrease of 24.3% from the $39.0 million reported for the year ended December 31, 2022. Earnings per common share on a fully diluted basis were down $0.87 to $2.66 per share, a decrease of 24.6% from the prior year. The Company also announced operating results for the three months ended December 31, 2023. Unaudited net income was $6.7 million, a decrease of 27.4% from the final three months of 2022. Earnings p
Dec 21, 2023 04:15 pm ET
The First Bancorp Declares Fourth Quarter Dividend
The First Bancorp (NASDAQ: FNLC), the parent company of First National Bank, today declared a quarterly cash dividend of 35 cents per share. This fourth quarter dividend is payable January 19, 2024 to shareholders of record as of January 8, 2024.
Oct 18, 2023 04:15 pm ET
The First Bancorp Announces Third Quarter Earnings
The First Bancorp (Nasdaq: FNLC), parent company of First National Bank, today announced operating results for the three months ended September 30, 2023. Unaudited net income for the period was $7.5 million representing an increase of 1.1% from the second quarter of 2023. Diluted earnings per share were $0.67, level with the prior quarter. The Company also reported results for the nine months ended September 30, 2023. Net income year-to-date in 2023 was $22.8 million, with diluted earnings per share of $2.06. Total assets have increased $205.0 million year-to-date to reach $2.94 billion, suppo
Sep 28, 2023 04:15 pm ET
The First Bancorp Declares Third Quarter Dividend
The First Bancorp (NASDAQ: FNLC), the parent company of First National Bank, today declared a quarterly cash dividend of 35 cents per share. This third quarter dividend is payable October 20, 2023 to shareholders of record as of October 10, 2023.
Jul 19, 2023 04:15 pm ET
The First Bancorp Announces Second Quarter Earnings
The First Bancorp (Nasdaq: FNLC), parent company of First National Bank, today announced operating results for the three months ended June 30, 2023. Unaudited net income for the period was $7.4 million representing diluted earnings per share of $0.67. The Company also reported results for the six months ended June 30, 2023. Net income year-to-date in 2023 was $15.4 million, with diluted earnings per share of $1.39. Compared to prior periods, earnings for the second quarter of 2023 were down from the net income of $10.0 million and diluted earnings per share of $0.91 reported in the second quar
Jun 29, 2023 04:15 pm ET
The First Bancorp Declares Second Quarter Dividend
The First Bancorp (NASDAQ: FNLC), the parent company of First National Bank, today declared a quarterly cash dividend of 35 cents per share. This second quarter dividend is payable July 20, 2023 to shareholders of record as of July 10, 2023. The quarterly cash dividend of 35 cents per share is an increase of one cent per share from the dividend paid in each of the prior four quarters.
Apr 19, 2023 04:44 pm ET
The First Bancorp Announces First Quarter Earnings
The First Bancorp (Nasdaq: FNLC), parent company of First National Bank, today announced operating results for the three months ended March 31, 2023. Unaudited net income for the period was $8.0 million representing diluted earnings per share of $0.72, as compared to net income of $9.7 million and diluted earnings per share of $0.88 in the first quarter of 2022. Non-recurring revenues in the first quarter of 2022, including Payroll Protection Program ("PPP") fees and debit card program incentives, accounted for $1.4 million of the year-to-year change, or $0.13 per diluted share, and a decrease
Mar 30, 2023 04:15 pm ET
The First Bancorp Declares First Quarter Dividend
The First Bancorp (NASDAQ: FNLC), the parent company of First National Bank, today declared a quarterly cash dividend of 34 cents per share. This first quarter dividend is payable April 20, 2023 to shareholders of record as of April 10, 2023.
Jan 18, 2023 04:15 pm ET
The First Bancorp Reports Results for 2022
The First Bancorp (Nasdaq: FNLC), parent company of First National Bank, today announced operating results for the year ended December 31, 2022. Unaudited net income was $39.0 million, an increase of 7.5% from the $36.3 million reported for the year ended December 31, 2021. Net of non-recurring Payroll Protection Program (PPP) revenue, unaudited net income for 2022 was up 14.6% over 2021. Earnings per common share on a fully diluted basis were up $0.23 to $3.53 per share, an increase of 7.0% from the prior year. The Company also announced operating results for the three months ended December 3
Dec 15, 2022 04:15 pm ET
The First Bancorp Declares Fourth Quarter Dividend
The First Bancorp (NASDAQ: FNLC), the parent company of First National Bank, today declared a quarterly cash dividend of 34 cents per share. This fourth quarter dividend is payable January 20, 2023 to shareholders of record as of January 9, 2023. Based on the December 14, 2022 closing price of $29.93 per share, the annualized dividend of $1.36 per share translates to a yield of 4.54%.
Oct 19, 2022 04:15 pm ET
The First Bancorp Third Quarter Earnings Increase 11.9%
The First Bancorp (Nasdaq: FNLC), parent company of First National Bank, today announced operating results for the three months ended September 30, 2022. Unaudited net income was $10.1 million, up $1.1 million or 11.9% from the $9.0 million reported for the three months ended September 30, 2021 and represents a new quarterly earnings high mark for the Company. Earnings per common share for the period on a fully diluted basis were up $0.09 to $0.91 per share, an increase of 11.0% from the prior year. The Company also reported results for the nine months ended September 30, 2022. Net income was
Sep 21, 2022 04:15 pm ET
The First Bancorp Declares Third Quarter Dividend
The First Bancorp (NASDAQ: FNLC), the parent company of First National Bank, today declared a quarterly cash dividend of 34 cents per share. This third quarter dividend is payable October 21, 2022 to shareholders of record as of October 5, 2022. Based on the September 20, 2022 closing price of $28.58 per share, the annualized dividend of $1.36 per share translates to a yield of 4.76%.
Jul 20, 2022 04:15 pm ET
The First Bancorp Second Quarter Earnings Increase 13.8%
The First Bancorp (Nasdaq: FNLC), parent company of First National Bank, today announced operating results for the three months ended June 30, 2022. Unaudited net income was $10.0 million, up $1.2 million or 13.8% from the $8.8 million reported for the three months ended June 30, 2021, and represents a new quarterly earnings high mark for the Company. Earnings per common share for the period on a fully diluted basis were up $0.11 to $0.91 per share, an increase of 13.8% from the prior year. The Company also reported results for the six months ended June 30, 2022. Net income was $19.7 million,
Jun 30, 2022 04:15 pm ET
The First Bancorp Declares Second Quarter Dividend
The First Bancorp (NASDAQ: FNLC), the parent company of First National Bank, today declared a quarterly cash dividend of 34 cents per share. This second quarter dividend is payable July 22, 2022 to shareholders of record as of July 11, 2022. The quarterly cash dividend of 34 cents per share is an increase of 2 cents or 6.25% from the 32 cents per share paid in each of the prior four quarters. Based on the June 29, 2022 closing price of $29.92 per share, the annualized dividend of $1.36 per share translates to a yield of 4.55%.
Apr 20, 2022 04:15 pm ET
The First Bancorp First Quarter Earnings Increase 8.8%
The First Bancorp (Nasdaq: FNLC), parent company of First National Bank, today announced operating results for the three months ended March 31, 2022. Unaudited net income was $9.7 million, up $783,000 or 8.8% from the $8.9 million reported for the three months ended March 31, 2021, and represents a new quarterly earnings high mark for the Company. Earnings per common share for the period on a fully diluted basis were up $0.07 to $0.88 per share, an increase of 8.6% from the prior year.
Mar 31, 2022 04:15 pm ET
The First Bancorp Declares First Quarter Dividend
The First Bancorp (NASDAQ: FNLC), the parent company of First National Bank, today declared a quarterly cash dividend of 32 cents per share. This first quarter dividend is payable April 22, 2022 to shareholders of record as of April 11, 2022. Based on the March 30, 2022 closing price of $30.06 per share, the annualized dividend of $1.28 per share translates to a yield of 4.26%.
Jan 19, 2022 04:15 pm ET
The First Bancorp Reports Results for 2021
The First Bancorp (Nasdaq: FNLC), parent company of First National Bank, today announced operating results for the year ended December 31, 2021. Unaudited net income was $36.3 million, an increase of 33.7% from the $27.1 million reported for the year ended December 31, 2020. Earnings per common share on a fully diluted basis were up $0.82 to $3.30 per share, an increase of 33.1% from the prior year. The Company also announced operating results for the three months ended December 31, 2021. Unaudited net income was $9.5 million, an increase of 37.0% from the final three months of 2020, with earn
Dec 30, 2021 04:15 pm ET
The First Bancorp Declares Fourth Quarter Dividend
The First Bancorp (NASDAQ: FNLC), the parent company of First National Bank, today declared a quarterly cash dividend of 32 cents per share. This fourth quarter dividend is payable January 21, 2022 to shareholders of record as of January 10, 2022. Based on the December 29, 2021 closing price of $31.70 per share, the annualized dividend of $1.28 per share translates to a yield of 4.04%.
Oct 20, 2021 04:15 pm ET
The First Bancorp Third Quarter Earnings Increase 27.0%
The First Bancorp (Nasdaq: FNLC), parent company of First National Bank, today announced operating results for the three months ended September 30, 2021. Unaudited net income was $9.0 million, up $1.9 million or 27.0% from the $7.1 million reported for the three months ended September 30, 2020, representing a new quarterly earnings high mark for the Company. Earnings per common share for the period on a fully diluted basis were up $0.17 to $0.82 per share, an increase of 26.2% from the prior year. The Company also reported results for the nine months ended September 30, 2021. Net income was $2
Sep 30, 2021 04:15 pm ET
The First Bancorp Declares Third Quarter Dividend
The First Bancorp (NASDAQ: FNLC), the parent company of First National Bank, today declared a quarterly cash dividend of 32 cents per share. This third quarter dividend is payable October 22, 2021 to shareholders of record as of October 12, 2021. Based on the September 29, 2021 closing price of $29.50 per share, the annualized dividend of $1.28 per share translates to a yield of 4.34%.
Jun 24, 2021 04:15 pm ET
The First Bancorp Declares Second Quarter Dividend
The Board of Directors of The First Bancorp (NASDAQ: FNLC), the parent company of First National Bank, today declared a quarterly cash dividend of 32 cents per share. This first quarter dividend is payable July 19, 2021 to shareholders of record as of July 8, 2021. Based on the June 23, 2021 closing price of $29.88 per share, the annualized dividend of $1.28 per share translates to a yield of 4.28%.
Mar 25, 2021 04:15 pm ET
The First Bancorp Declares First Quarter Dividend
The Board of Directors of The First Bancorp (NASDAQ: FNLC), the parent company of First National Bank, today declared a quarterly cash dividend of 31 cents per share. This first quarter dividend is payable April 16, 2021 to shareholders of record as of April 6, 2021. Based on the March 24, 2021 closing price of $28.08 per share, the annualized dividend of $1.24 per share translates to a yield of 4.42%.
Dec 17, 2020 04:15 pm ET
The First Bancorp Declares Fourth Quarter Dividend
The Board of Directors of The First Bancorp (NASDAQ: FNLC), the parent company of First National Bank, today declared a quarterly cash dividend of 31 cents per share. This fourth quarter dividend is payable January 19, 2021 to shareholders of record as of January 6, 2021. Based on the December 16, 2020 closing price of $25.41 per share, the annualized dividend of $1.24 per share translates to a yield of 4.88%.
Sep 24, 2020 04:15 pm ET
The First Bancorp Declares Third Quarter Dividend
The Board of Directors of The First Bancorp (NASDAQ: FNLC), the parent company of First National Bank, today declared a quarterly cash dividend of 31 cents per share. This third quarter dividend is payable October 16, 2020 to shareholders of record as of October 6, 2020. Based on the September 23, 2020 closing price of $19.34 per share, the annualized dividend of $1.24 per share translates to a yield of 6.41%.
Sep 03, 2020 04:01 pm ET
First National Bank Enters Into Agreement to Purchase Branch Location from Bangor Savings Bank
First National Bank, a subsidiary of The First Bancorp, Inc. (NASDAQ: FNLC), and Bangor Savings Bank, a subsidiary of Bangor Bancorp, MHC, jointly announced today that the two banks have signed a definitive agreement for First National Bank to purchase a bank branch located at 1 Belmont Avenue in Belfast, Maine. As part of the transaction, First National Bank will acquire deposit accounts totaling approximately $16.5 million as of August 31, 2020, as well as $23.5 million in loan balances.
Jul 22, 2020 04:15 pm ET
 The First Bancorp Reports Second Quarter Net Income Up 2.7%
The First Bancorp (Nasdaq: FNLC), parent company of First National Bank, today announced operating results for the three months ended June 30, 2020. Unaudited net income was $6.6 million, up $174,000 or 2.7% from the $6.4 million reported for the three months ended June 30, 2019. Earnings per common share for the period on a fully diluted basis were up $0.01 to $0.60 per share, an increase of 1.7% from the prior year. The Company also reported results for the six months ended June 30, 2020. Net income was $13.1 million, up $513,000 or 4.1% from the first six months of 2019, with earnings per s
Jun 25, 2020 04:15 pm ET
The First Bancorp Declares Second Quarter Dividend
The Board of Directors of The First Bancorp (NASDAQ: FNLC), the parent company of First National Bank, today declared a quarterly dividend of 31 cents per share. This second quarter dividend is payable July 20, 2020, to shareholders of record as of July 7, 2020, and is up one cent from the 30 cents per share the Company paid in each of the past four quarters. Based on the June 24, 2020 closing price of $19.05 per share, the annualized dividend of $1.24 per share translates to a yield of 6.51%.
Apr 22, 2020 04:15 pm ET
The First Bancorp Reports First Quarter Net Income of $6.5 Million
The First Bancorp (Nasdaq: FNLC), parent company of First National Bank, today announced operating results for the three months ended March 31, 2020. Unaudited net income was $6.5 million, up $339,000 or 5.5% from the $6.2 million reported for the three months ended March 31, 2019. Earnings per common share on a fully diluted basis were up $0.03 to $0.60 per share, an increase of 5.3% from the prior year.
Apr 08, 2020 04:15 pm ET
The First Bancorp Moves to Virtual-Only Annual Shareholder Meeting For 2020
Today, the Board of Directors of The First Bancorp (Nasdaq: FNLC), parent company of First National Bank, approved procedures and announced that the 2020 annual meeting of shareholders will be held virtually beginning at 11:00 a.m., Eastern time, on Wednesday, April 29, 2020. Tony C. McKim, President and CEO, noted that “In light of the coronavirus (COVID-19) outbreak, for the safety of all concerned, including our shareholders, and taking into account recent federal, state and local guidance that has been issued, we have determined that the 2020 Annual Meeting will be held in a virtual meetin
Mar 26, 2020 04:43 pm ET
The First Bancorp Declares First Quarter Dividend
The Board of Directors of The First Bancorp (NASDAQ: FNLC), the parent company of First National Bank, today declared a quarterly dividend of 30 cents per share. This first quarter dividend is payable April 20, 2020, to shareholders of record as of April 10, 2020. Based on the March 25, 2020 closing price of $19.99 per share, the annualized dividend of $1.20 per share translates to a yield of 6.00%.
Mar 26, 2020 04:15 pm ET
The First Bancorp Declares Fourth Quarter Dividend
The Board of Directors of The First Bancorp (NASDAQ: FNLC), the parent company of First National Bank, today declared a quarterly dividend of 30 cents per share. This first quarter dividend is payable April 20, 2020, to shareholders of record as of April 10, 2020. Based on the March 25, 2020 closing price of $19.99 per share, the annualized dividend of $1.20 per share translates to a yield of 6.00%.
Jan 22, 2020 04:15 pm ET
The First Bancorp Reports Record Results for 2019
The First Bancorp (Nasdaq: FNLC), parent company of First National Bank, today announced operating results for the year ended December 31, 2019. Unaudited net income was $25.5 million, up $2.0 million or 8.5% from the $23.5 million reported for the year ended December 31, 2018. Earnings per common share on a fully diluted basis were up $0.17 to $2.34 per share, an increase of 7.8% from the prior year. The Company also announced operating results for the three months ended December 31, 2019. Unaudited net income was $6.7 million, up $323,000 or 5.1% from the final three months of 2018, with ear
Dec 19, 2019 04:15 pm ET
The First Bancorp Declares Fourth Quarter Dividend
The Board of Directors of The First Bancorp (NASDAQ: FNLC), the parent company of First National Bank, today declared a quarterly dividend of 30 cents per share. This fourth quarter dividend is payable January 17, 2020, to shareholders of record as of January 7, 2020. Based on the December 18, 2019 closing price of $29.99 per share, the annualized dividend of $1.20 per share translates to a yield of 4.00%.
Oct 23, 2019 04:15 pm ET
The First Bancorp Reports Net Income of $6.3 Million
The First Bancorp (Nasdaq: FNLC), parent company of First National Bank, today announced operating results for the three months ended September 30, 2019. Net income was $6.3 million, up $355,000 or 6.0% from the three months ended September 30, 2018. Earnings per common share on a fully diluted basis over the same period were up $0.03 to $0.58 per share, an increase of 5.5% from the prior year. The Company also announced operating results for the nine months ended September 30, 2019. Net income was $18.8 million, up $1.7 million or 9.7% from the first nine months of 2018, with earnings per sha
Sep 26, 2019 04:15 pm ET
The First Bancorp Declares Third Quarter Dividend
The Board of Directors of The First Bancorp (NASDAQ: FNLC), the parent company of First National Bank, today declared a quarterly dividend of 30 cents per share. This third quarter dividend is payable October 22, 2019, to shareholders of record as of October 7, 2019. Based on the September 25, 2019 closing price of $27.48 per share, the annualized dividend of $1.20 per share translates to a yield of 4.37%.
Jul 17, 2019 04:15 pm ET
The First Bancorp Reports Record Net Income of $6.4 Million
The First Bancorp (Nasdaq: FNLC), parent company of First National Bank, today announced operating results for the three months ended June 30, 2019. Net income was $6.4 million, up $661,000 or 11.5% from the three months ended June 30, 2018. Earnings per common share on a fully diluted basis over the same period were up $0.06 to $0.59 per share, an increase of 11.3% from the prior year. The Company also announced operating results for the six months ended June 30, 2019. Net income was $12.6 million, up $1.3 million or 11.7% from the first six months of 2018, with earnings per share on a fully
Jun 27, 2019 04:15 pm ET
The First Bancorp Declares Second Quarter Dividend
The Board of Directors of The First Bancorp (NASDAQ: FNLC), the parent company of First National Bank, today declared a quarterly dividend of 30 cents per share. This second quarter dividend is payable July 31, 2019, to shareholders of record as of July 10, 2019, and is up one cent from the 29 cents per share the Company paid in each of the past four quarters. Based on the June 26, 2019 closing price of $25.06 per share, the annualized dividend of $1.20 per share translates to a yield of 4.79%.
Apr 17, 2019 04:15 pm ET
The First Bancorp Reports 11.8% Net Income Increase
The First Bancorp (Nasdaq: FNLC), parent company of First National Bank, today announced operating results for the three months ended March 31, 2019. Net income was $6.2 million, up $650,000 or 11.8% from the three months ended March 31, 2018. Earnings per common share on a fully diluted basis over the same period were up $0.06 to $0.57 per share, an increase of 11.8% from the prior year.
Mar 28, 2019 04:15 pm ET
The First Bancorp Declares First Quarter Dividend
The Board of Directors of The First Bancorp (NASDAQ: FNLC), the parent company of First National Bank, today declared a quarterly dividend of 29 cents per share. This first quarter dividend is payable April 30, 2019, to shareholders of record as of April 10, 2019. Based on the March 27, 2019 closing price of $25.02 per share, the annualized dividend of $1.16 per share translates to a yield of 4.64%.
Jan 23, 2019 05:43 pm ET
The First Bancorp Reports Record Results for 2018
The First Bancorp (Nasdaq: FNLC), parent company of First National Bank, today announced operating results for the year ended December 31, 2018. Unaudited net income was $23.5 million, up $3.9 million or 20.2% from the $19.6 million reported for the year ended December 31, 2017. Earnings per common share on a fully diluted basis were up $0.36 to $2.17 per share, an increase of 19.9% from the prior year. The Company also announced operating results for the three months ended December 31, 2018. Unaudited net income was $6.4 million, up $1.3 millio
Dec 20, 2018 04:15 pm ET
The First Bancorp Declares Fourth Quarter Dividend
The Board of Directors of The First Bancorp (NASDAQ: FNLC), the parent company of First National Bank, today declared a quarterly dividend of 29 cents per share. This fourth quarter dividend is payable January 31, 2019, to shareholders of record as of January 10, 2019. Based on the December 19, 2018 closing price of $25.83 per share, the annualized dividend of $1.16 per share translates to a yield of 4.49%.
Oct 17, 2018 04:15 pm ET
The First Bancorp Reports Record Net Income of $5.9 Million
The First Bancorp (Nasdaq: FNLC), parent company of First National Bank, today announced operating results for the three months ended September 30, 2018. Net income was $5.9 million, up $951,000 or 19.1% from the three months ended September 30, 2017. Earnings per common share on a fully diluted basis over the same period were up $0.09 to $0.55 per share, an increase of 19.6% from the prior year. The Company also announced operating results for the nine months ended September 30, 2018. Net income was $17.2 million, up $2.7 million or 18.4% from
Sep 27, 2018 04:15 pm ET
The First Bancorp Declares Third Quarter Dividend
The Board of Directors of The First Bancorp (NASDAQ: FNLC), the parent company of First National Bank, today declared a quarterly dividend of 29 cents per share. This third quarter dividend is payable October 31, 2018, to shareholders of record as of October 9, 2018. Based on the September 26, 2018 closing price of $28.61 per share, the annualized dividend of $1.16 per share translates to a yield of 4.05%.
Jul 18, 2018 04:15 pm ET
The First Bancorp Reports Record Net Income of $5.7 Million
The First Bancorp (Nasdaq: FNLC), parent company of First National Bank, today announced operating results for the three months ended June 30, 2018. Net income was $5.7 million, up $851,000 or 17.4% from the three months ended June 30, 2017. Earnings per common share on a fully diluted basis over the same period were up $0.08 to $0.53 per share, an increase of 17.8% from the prior year. The Company also announced operating results for the six months ended June 30, 2018. Net income was $11.2 million, up $1.7 million or 18.1% from the first six mo
Jun 28, 2018 04:15 pm ET
The First Bancorp Increases Dividend 21%
The Board of Directors of The First Bancorp (NASDAQ: FNLC), the parent company of First National Bank, today declared a quarterly dividend of 29 cents per share. This second-quarter dividend is up 5 cents, or 21%, from the 24 cents per share paid in each of the past four quarters. The second quarter dividend is payable July 31, 2018, to shareholders of record as of July 9, 2018. Based on the June 27, 2018 closing price of $28.85 per share, the annualized dividend of $1.16 per share translates into a yield of 4.02%.
Apr 18, 2018 04:15 pm ET
The First Bancorp Reports Record Quarterly Results
The First Bancorp (Nasdaq: FNLC), parent company of First National Bank, today announced operating results for the three months ended March 31, 2018. Net income was $5.5 million, up $869,000 or 18.7% from the first three months of 2017. Earnings per common share on a fully diluted basis over the same period were up $0.08 to $0.51 per share, an increase of 18.6% from the prior year.
Mar 22, 2018 05:01 pm ET
The First Bancorp Declares Quarterly Dividend of 24 Cents per Share
The Board of Directors of The First Bancorp (NASDAQ: FNLC), the parent company of First National Bank, today declared a quarterly dividend of 24 cents per share. This first-quarter dividend is payable April 30, 2018, to shareholders of record as of April 5, 2018. Based on the March 21, 2018 closing price of $28.72 per share, the annualized dividend of 96 cents per share translates into a yield of 3.34%.
Jan 17, 2018 04:15 pm ET
The First Bancorp Reports Record Results for 2017
The First Bancorp (Nasdaq: FNLC), parent company of First National Bank, today announced record operating results for the year ended December 31, 2017. Net income was $19.6 million, up $1.6 million or 8.8% from the $18.0 million reported for the year ended December 31, 2016. Earnings per common share on a fully diluted basis of $1.81 were up $0.15 or 9.0% compared to 2016. The Company also announced operating results for the quarter ended December 31, 2017. Net income was $5.1 million, up $766,000 or 17.7% from results reported for the fourth qu
Dec 21, 2017 04:15 pm ET
The First Bancorp Announces CFO Retirement Plan
The First Bancorp (Nasdaq: FNLC) today announced a retirement date for F. Stephen Ward, Chief Financial Officer of the Company and its wholly-owned banking subsidiary, First National Bank (the “Bank”). Mr. Ward is expected to retire as Chief Financial Officer of the Company on March 30, 2018.
Dec 21, 2017 04:15 pm ET
The First Bancorp Declares Quarterly Dividend of 24 Cents per Share
The Board of Directors of The First Bancorp (NASDAQ: FNLC), the parent company of First National Bank, today declared a quarterly dividend of 24 cents per share. This fourth-quarter dividend is payable January 31, 2018, to shareholders of record as of January 8, 2018. Based on the December 20, 2017 closing price of $29.10 per share, the annualized dividend of 96 cents per share translates into a yield of 3.30%.
Oct 18, 2017 04:15 pm ET
The First Bancorp Reports Record Quarterly Results
The First Bancorp (Nasdaq: FNLC), parent company of First National Bank, announced today that net income for the three months ended September 30, 2017 was $5.0 million, up $420,000 or 9.2% from the quarter ended September 30, 2016. Earnings per common share on a fully diluted basis were $0.46, up 9.5% from the same period in 2016. The Company also announced operating results for the nine months ended September 30, 2017. Net income was $14.5 million, up $813,000 or 5.9% from the first nine months of 2016, with earnings per share on a fully dilute
May 02, 2017 06:48 pm ET
WeissLaw LLP: ASB Bancorp, Inc. Acquisition is the Subject of a Legal Investigation
NEW YORK, May 2, 2017 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of ASB Bancorp, Inc. ("ASBB" or the "Company") in connection with the proposed acquisition of the Company by First National Bancorp, Inc. ("FNLC").  Under the terms of the agreement, ASBB shareholders will receive 1.44 shares of FNLC or $41.90 in cash, or a combination thereof, for each share they own.  

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