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BlackRock Inc. bought a new stake in shares of First Bancorp, Inc (ME) (NASDAQ: FNLC) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 906,027 shares of the bank's stock, valued at approximately $31,548,000. BlackRock Inc. owned 8.03% of First Bancorp, Inc
The First Bancorp remains a soft ‘buy' as fundamentals and margins improve, despite a 30.6% share price rally since March. FNLC's net interest margin rose to 2.88%, and net profits increased to $9.6 million, supported by lower deposit costs and strong asset growth. Valuation is reasonable at a 10.8x P/E, with asset quality and returns (ROA 1.18%, ROE 12.89%) offsetting less attractive price-to-book metrics.
DAMARISCOTTA, Maine--(BUSINESS WIRE)--The First Bancorp (Nasdaq: FNLC), ("the Company", "we", "us", "our"), parent company of First National Bank, today reported unaudited results for the quarter and six months ended June 30, 2026. Net income for the second quarter was $9.6 million with fully diluted earnings per share of $0.85, increases of 18.6% and 17.8%, respectively, from net income of $8.1 million and diluted earnings per share of $0.72 for the quarter ended June 30, 2025. Strong earnings.
In this article series, I summarize dividend announcements of the past week. Thirteen companies in my database (including 7 banks) announced dividend increases. JPMorgan Chase stands out with a 10% dividend hike, an A+ safety grade, and a new $50B buyback, and trades only 3.35% above fair value. Matson is the week's high-quality non-bank, boasting a 7.34 quality score, 9.4 safety score, and a conservative 10% payout ratio.
DAMARISCOTTA, Maine--(BUSINESS WIRE)--The First Bancorp (NASDAQ: FNLC), the parent company of First National Bank, today declared a quarterly cash dividend of 38 cents per share. This second quarter dividend represents an increase of one cent per share from dividend paid in each of the prior four quarters, and is payable July 17, 2026 to shareholders of record as of July 7, 2026. "The Board of Directors is pleased to authorize a dividend of 38 cents per share for the second quarter of 2026," re.
DAMARISCOTTA, Maine--(BUSINESS WIRE)--The First Bancorp (Nasdaq: FNLC), ("the Company", "we", "us", "our"), parent company of First National Bank, today reported unaudited results for the quarter ended March 31, 2026. Net income for the period was $9.0 million with fully diluted earnings per share of $0.80, as compared to net income of $7.1 million and diluted earnings per share of $0.63 for the three months ended March 31, 2025. First Quarter Notable Items: Net Income of $9.0 million is an inc.
First Bancorp, Inc (ME) (NASDAQ: FNLC - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $26.80 and traded as high as $29.45. First Bancorp, Inc (ME) shares last traded at $28.75, with a volume of 58,198 shares traded. Wall Street
First Bancorp, Inc (ME) (NASDAQ: FNLC - Get Free Report) was the recipient of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 81,752 shares, a growth of 38.8% from the February 26th total of 58,906 shares. Currently, 0.8% of the company's shares are short