First Bancorp
FBNC
ISIN null / Valor 930361
First Bancorp
UMushroom community rating:
About company
First Bancorp, headquartered in Damariscotta, Maine, is a bank holding company with assets totaling approximately $2.9 billion. Its primary subsidiary, First National Bank, was established in 1864 and operates 18 branches along Maine's coast and two in the Bangor area. The bank provides a comprehensive range of retail and commercial banking services, including trust and investment management through its division, First National Wealth Management. With branches in key Maine communities such as Bangor, Bar Harbor, and Rockland, First National Bank has strategically positioned itself to serve both traditional and emerging industries in the region. The bank has invested significantly in technology infrastructure, offering a competitive suite of electronic banking products and services. This blend of traditional and digital banking solutions, coupled with a focus on personalized customer service, has facilitated the bank's growth, with total assets increasing by over $1 billion in the past decade through organic expansion and strategic branch openings.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (15.04.2026):
First Bancorp reported results for the first quarter of 2025 (Q1 2025). Net income was $7.1 million with fully diluted EPS of $0.63, reflecting year‑over‑year net income growth of 17.5% and a PTPP (pre‑tax, pre‑provision) net income increase of 32.5% versus Q1 2024. The quarter featured net interest margin expansion, measured loan growth, improved efficiency, continued favorable asset quality, and a maintained quarterly dividend.
Earnings
Net income: $7.1 million in Q1 2025 (diluted EPS $0.63), up 17.5% YoY. PTPP net income was $9.0 million, up 32.5% YoY.
Net interest margin & net interest income
Net interest income was $17.8 million, up 19.6% YoY. Net interest margin (tax‑equivalent) improved to 2.48% in Q1 2025 (up 26 bps YoY and 6 bps linked quarter).
Non‑interest income & expense
Total non‑interest income rose to $4.0 million (+9.9% YoY), driven by wealth management and derivatives revenue. Non‑interest expense was $12.8 million (+9.2% YoY), largely from higher employee-related costs including one‑time items.
Efficiency
Efficiency ratio improved to ~56.9% in Q1 2025 from 61.1% in Q1 2024 (non‑GAAP bank measure).
Balance sheet and loan growth
Total assets were $3.19 billion at March 31, 2025, up $30.4 million for the quarter and $209.2 million YoY. Loans totaled $2.383 billion, up an annualized 7.3% in Q1 and up about $209.4 million YoY, led by commercial credit and multifamily.
Deposits & liquidity
Total deposits were $2.71 billion (down $13.9M q/q, up $162.3M YoY). Available day‑one liquidity was ~$700 million, covering an estimated 147% of uninsured deposits.
Asset quality
Asset quality remained favorable: non‑performing assets to total assets 0.19%; non‑performing loans to total loans 0.25%; ACL on loans 1.05% of total loans; net loan charge‑offs were modest at $153,000 for the quarter.
Capital & book value
Regulatory capital remained solid: estimated leverage ratio 8.42% and total risk‑based capital 13.15% at March 31, 2025. Tangible book value per share was $20.44, up from $19.87 at year end 2024.
Dividend
Board declared a Q1 2025 cash dividend of $0.36 per share, paid April 18, 2025 (record date April 8, 2025).
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
2395 M
Market cap (USD)
274,841
Daily traded volume (Shares)
44.52 / 43.9
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
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Ratings & reviews
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