The First Bancorp Reports Results for 2023
First Bancorp, Inc (ME) (FNLC)
US:NASDAQ Investor Relations:
snl.com/irweblinkx/corporateprofile.aspx?iid=4041406
Company Research
Source: Business Wire
2023 Results Driven by Strong Earning Asset Growth, Strong Deposit Growth, and Excellent Credit Quality2023 FINANCIAL HIGHLIGHTSTotal assets increased $207.5 million, ending the year at $2.95 billion.Total loans grew to $2.13 billion, an increase of $214.8 million or 11.2%, year-over-year.Total deposits grew to $2.60 billion, an increase of $220.8 million or 9.3% year-over-year.Asset Quality continued to be excellent demonstrated by a Non-Performing Assets to Total Assets ratio of 0.07%.Strong Liquidity with day-one capacity to cover more than 150% of uninsured deposits.Tangible Book Value per share of $19.12 up $1.19 per share from a year ago.Net income decreased $9.5 million or 24.3% from 2022, attributable primarily to a $10.4 million decrease in Net Interest Income resulting from higher funding costs.Efficiency Ratio (non-GAAP) remained favorable to peer at 52.43% for 2023. DAMARISCOTTA, Maine--(BUSINESS WIRE)--The First Bancorp (Nasdaq: FNLC), parent company of First National
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FNLC
News
- The First Bancorp Announces First Quarter Results [Yahoo! Finance]Yahoo! Finance
- The First Bancorp Announces First Quarter ResultsBusiness Wire
- The First Bancorp Declares First Quarter Dividend [Yahoo! Finance]Yahoo! Finance
- The First Bancorp Declares First Quarter DividendBusiness Wire
- First Bancorp (NASDAQ:FNLC) investors are sitting on a loss of 14% if they invested a year ago [Yahoo! Finance]Yahoo! Finance
FNLC
Sec Filings
- 4/30/24 - Form 8-K/A
- 4/25/24 - Form 8-K
- 4/19/24 - Form 4
- FNLC's page on the SEC website