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The First Bancorp Announces First Quarter Results [Yahoo! Finance]

First Bancorp, Inc (ME) (FNLC) 
Company Research Source: Yahoo! Finance
Total assets were $2.98 billion, an increase of $31.5 million for the period Very strong asset quality with a ratio of Non-Performing Assets to Total Assets of 0.09% Loan balances grew at an annualized rate of 8.4% to $2.17 billion Total deposits decreased $50.7 million to $2.55 billion, in-line with seasonal expectations Net Income was $6.0 million A quarterly shareholder dividend of $0.35 per share was declared. DAMARISCOTTA, Maine, April 17, 2024 BUSINESS WIRE )--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. CEO COMMENTS "The first quarter of 2024 was in many ways Show less Read more
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