First Bancorp Inc ME
For the period ended Sep 30, 2024. Filed Nov 8, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 8, 2024
FNLC$36.41-0.5%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Selected Financial Data (Unaudited)
| Dollars in thousands, | As of and for the nine months ended September 30, | As of and for the quarter ended September 30, | ||
|---|---|---|---|---|
| except for per share amounts | 2024 | 2023 | 2024 | 2023 |
| Summary of Operations | ||||
| Interest Income | $109,833 | $93,352 | $38,287 | $33,254 |
| Interest Expense | 63,476 | 43,998 | 21,885 | 17,300 |
| Net Interest Income | 46,357 | 49,354 | 16,402 | 15,954 |
| Credit Loss (Reduction) Expense | (639) | 501 | (638) | (200) |
| Non-Interest Income | 11,919 | 11,330 | 4,122 | 3,891 |
| Non-Interest Expense | 35,011 | 32,571 | 12,000 | 11,006 |
| Net Income | 19,763 | 22,839 | 7,571 | 7,474 |
| Per Common Share Data | ||||
| Basic Earnings per Share | $1.79 | $2.08 | $0.69 | $0.68 |
| Diluted Earnings per Share | 1.78 | 2.06 | 0.68 | 0.67 |
| Cash Dividends Declared | 1.07 | 1.04 | 0.36 | 0.35 |
| Book Value per Common Share | 23.03 | 20.44 | 23.03 | 20.44 |
| Tangible Book Value per Common Share2 | 20.27 | 17.66 | 20.27 | 17.66 |
| Market Value | 26.32 | 23.50 | 26.32 | 23.50 |
| Financial Ratios | ||||
| Return on Average Equity1 | 10.67% | 13.00% | 11.86% | 12.67% |
| Return on Average Tangible Common Equity1,2 | 12.19% | 14.97% | 13.50% | 14.59% |
| Return on Average Assets1 | 0.87% | 1.08% | 0.98% | 1.02% |
| Average Equity to Average Assets | 8.20% | 8.27% | 8.24% | 8.07% |
| Average Tangible Equity to Average Assets2 | 7.18% | 7.18% | 7.24% | 7.01% |
| Net Interest Margin Tax-Equivalent1,2 | 2.25% | 2.54% | 2.32% | 2.40% |
| Dividend Payout Ratio | 59.81% | 50.00% | 52.55% | 51.47% |
| Allowance for Credit Losses/Total Loans | 1.04% | 1.12% | 1.04% | 1.12% |
| Non-Performing Loans to Total Loans | 0.11% | 0.12% | 0.11% | 0.12% |
| Non-Performing Assets to Total Assets | 0.08% | 0.09% | 0.08% | 0.09% |
| Efficiency Ratio2 | 57.88% | 51.88% | 56.37% | 53.49% |
| At Period End | ||||
| Total Assets | $3,142,563 | $2,944,139 | $3,142,563 | $2,944,139 |
| Total Loans | 2,307,253 | 2,079,860 | 2,307,253 | 2,079,860 |
| Total Investment Securities | 669,076 | 676,206 | 669,076 | 676,206 |
| Total Deposits | 2,702,718 | 2,599,937 | 2,702,718 | 2,599,937 |
| Total Shareholders' Equity | 256,783 | 226,665 | 256,783 | 226,665 |
1 Annualized using a 366-day basis in 2024 and a 365-day basis in 2023.
2 These ratios use non-GAAP financial measures. See Management's Discussion and Analysis of Financial Condition and Results of Operations for additional disclosures and information.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.