Quarterly ResultJul 22, 2026, 04:22 PM

First Bancorp Q2 Net Income $9.6M, EPS $0.85; NIM Expands

AI Summary

First Bancorp reported strong second-quarter 2026 results, with net income rising 18.6% to $9.6 million and diluted EPS increasing 17.8% to $0.85 compared to the prior year. The company achieved net interest margin expansion to 2.88% and an improved efficiency ratio of 50.33%. Loan growth contributed to a $15 million increase in total assets, and the quarterly dividend was raised to $0.38 per share. While non-performing assets saw an increase, capital ratios remained strong.

Key Highlights

Net income for Q2 2026 was $9.6 million, an 18.6% increase from Q2 2025.
Diluted EPS for Q2 2026 was $0.85, up 17.8% from Q2 2025.
Net Interest Margin expanded to 2.88%, a 36-basis point increase from Q2 2025.
Efficiency Ratio improved to 50.33% from 52.39% in Q2 2025.
Tangible Book Value per share rose 11.0% to $23.25.
Quarterly shareholder dividend increased to $0.38 per share.
Total assets increased $15 million to $3.22 billion in the quarter.
Non-performing assets to total assets increased to 0.54% from 0.19% in Q2 2025.

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FNLC

Major Banks

First Bancorp, Inc /ME/

Price Impact