First Bancorp, Inc /ME/

The First Bancorp announced the declaration of its third quarter cash dividend of 38 cents per share. This dividend, payable on October 16, 2026, reflects the company's strong start to 2026 and offers shareholders an annualized yield of 4.47%. The company also provided details about its history and services as the parent of First National Bank.

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.

First Bancorp, Inc. announced the retirement of Tammy Plummer, Executive Vice President and Chief Information Officer, after a 41-year career with First National Bank. Plummer held various leadership roles, including Chief Technology Officer and Chief Information Officer. Brad Martin has been appointed as the new Executive Vice President and Chief Information Officer, joining the company prior to Plummer's retirement to facilitate a smooth leadership transition. Martin brings over 17 years of experience in financial services.

First Bancorp declared a quarterly cash dividend of $0.38 per share, marking an increase of $0.01 from the previous four quarters. This dividend is payable on July 17, 2026, to shareholders of record as of July 7, 2026. This increase represents the 12th consecutive year the company has raised its second-quarter dividend by at least one cent, demonstrating a commitment to shareholder returns. The annualized dividend of $1.52 per share offers an attractive yield of 4.46% based on the recent closing price.

First Bancorp reported a strong first quarter for 2026, with net income increasing by 27.07% to $8.99 million and diluted earnings per share rising to $0.80. Net interest income also saw significant growth, up 16.24% to $20.69 million. However, the company experienced a notable increase in non-performing loans to total loans, which rose to 0.67% from 0.25% in the prior year. Total assets slightly increased, while total deposits saw a modest decrease.

First Bancorp, Inc. announced the election of Cornelius "Connie" Russell as the new chair of its board of directors, effective April 29, 2026. Mr. Russell has served as a Director since 2014 and held various committee leadership roles. He succeeds Bruce Tindal, who retired from the board on the same date after serving as chair since 2023.

First Bancorp reported strong first-quarter results for 2026, with net income increasing by 27.1% to $9.0 million and diluted earnings per share rising 26.2% to $0.80. The company saw significant net interest margin expansion of 38 basis points to 2.86% and an improved efficiency ratio of 52.64%. These results were driven by strong operational performance and loan growth of $11.0 million during the quarter.