First Bancorp, Inc /ME/

For the period ended Sep 30, 2025. Filed Nov 7, 2025.

About 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, 2025 · Filed Nov 7, 2025

FNLC$37.01-0.2%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Income and Comprehensive Income

Consolidated Statements of Income and Comprehensive Income (Unaudited) -The First Bancorp, Inc. and Subsidiary

	For the nine months ended September 30,		For the quarter ended September 30,
	2025	2024	2025	2024
Interest income
Interest and fees on loans (includes YTD tax-exempt income of $2,169,000 for September 30, 2025 and $1,824,000 for September 30, 2024)	$105,135,000	$95,541,000	$36,197,000	$33,498,000
Interest on deposits with other banks	215,000	190,000	108,000	56,000
Interest and dividends on investments (includes YTD tax-exempt income of $5,865,000 for September 30, 2025 and $5,971,000 for September 30, 2024)	14,189,000	14,102,000	4,700,000	4,733,000
Total interest income	119,539,000	109,833,000	41,005,000	38,287,000
Interest expense
Interest on deposits	58,374,000	59,111,000	19,380,000	20,118,000
Interest on borrowed funds	4,899,000	4,365,000	1,567,000	1,767,000
Total interest expense	63,273,000	63,476,000	20,947,000	21,885,000
Net interest income	56,266,000	46,357,000	20,058,000	16,402,000
Credit loss expense (reduction) - loans	1,434,000	58,000	690,000	(580,000)
Credit loss (reduction) expense - debt securities HTM	(10,000)	(210,000)	(12,000)	76,000
Credit loss expense (reduction) - off-balance sheet credit exposures	154,000	(487,000)	22,000	(134,000)
Total credit loss expense (reduction)	1,578,000	(639,000)	700,000	(638,000)
Net interest income after provision for credit losses	54,688,000	46,996,000	19,358,000	17,040,000
Non-interest income
Investment management and fiduciary income	3,994,000	3,689,000	1,341,000	1,232,000
Service charges on deposit accounts	1,602,000	1,552,000	532,000	511,000
Mortgage origination and servicing income, net of amortization	635,000	512,000	219,000	193,000
Debit card income	3,859,000	3,884,000	1,403,000	1,365,000
Other operating income	2,516,000	2,282,000	980,000	821,000
Total non-interest income	12,606,000	11,919,000	4,475,000	4,122,000
Non-interest expense
Salaries and employee benefits	19,800,000	17,768,000	6,674,000	6,126,000
Occupancy expense	2,567,000	2,532,000	814,000	823,000
Furniture and equipment expense	4,391,000	4,182,000	1,491,000	1,416,000
FDIC insurance premiums	2,093,000	1,762,000	698,000	636,000
Amortization of identified intangibles	20,000	20,000	7,000	7,000
Other operating expense	8,926,000	8,747,000	3,070,000	2,992,000
Total non-interest expense	37,797,000	35,011,000	12,754,000	12,000,000
Income before income taxes	29,497,000	23,904,000	11,079,000	9,162,000
Income tax expense	5,275,000	4,141,000	1,997,000	1,591,000
NET INCOME	$24,222,000	$19,763,000	$9,082,000	$7,571,000
Basic earnings per common share	$2.19	$1.79	$0.82	$0.69
Diluted earnings per common share	$2.16	$1.78	$0.81	$0.68
Other comprehensive income (loss) net of tax
Net unrealized gain on securities available for sale, net of taxes	$9,148,000	$5,181,000	$3,714,000	$8,975,000
Net unrealized gain on transferred securities, net of taxes	7,000	7,000	20,000	2,000
Net unrealized loss on hedging derivative instruments	(138,000)	(436,000)	(65,000)	(869,000)
Other comprehensive gain	9,017,000	4,752,000	3,669,000	8,108,000
Comprehensive income	$33,239,000	$24,515,000	$12,751,000	$15,679,000

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.