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Stock impact report

The First Bancorp: Attractive, But Keep An Eye On Loans Past Due [Seeking Alpha]

First Bancorp, Inc (ME) (FNLC) 
Company Research Source: Seeking Alpha
FNLC's net interest income surged nearly 25%, supported by rising interest income and lower expenses, while the dividend remains well-covered. Loan book quality is under scrutiny as past due loans—mainly CRE—rose, but real estate backing and modest provisioning mitigate immediate risk. I maintain a 'buy' rating on FNLC, citing strong earnings resilience and prudent risk management amid a softening economy. Eivaisla/iStock via Getty Images Introduction The First Bancorp, Inc. FNLC ) is the holding company of the First National Bank in Maine. The bank's share price has been pretty flat since my previous article was published. Although the net income increased substantially, the total amount More on my IG service Consider joining European Small-Cap Ideas to gain exclusive access to actionable research on appealing Europe-focused investment opportunities, and to the real-time chat function to discuss ideas with similar-minded investors! This article was written by Analy Show less Read more
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