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 (12.10.2025):
First Bancorp reported its financial results for the first quarter of 2025, showcasing strong year-over-year net income growth, an expansion in net interest margin, and continued favorable asset quality.
Net Income Growth
For Q1 2025, First Bancorp achieved a net income of $7.1 million, reflecting a 17.5% increase compared to the first quarter of 2024.
Net Interest Margin Expansion
The company's net interest margin rose by 6 basis points from Q4 2024, reaching 2.48% in Q1 2025.
Efficiency Ratio Improvement
First Bancorp improved its efficiency ratio to 56.9% in Q1 2025, down from 61.1% in the same quarter last year.
Asset Quality
Asset quality remains strong with the ratio of non-performing assets to total assets at 0.19% as of March 31, 2025.
Loan Growth
Loan balances grew at an annualized rate of 7.3% in Q1 2025, reaching $2.38 billion.
Shareholder Dividend
The company declared a quarterly shareholder dividend of $0.36 per share for Q1 2025.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
2090 M
Market cap (USD)
240,379
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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