secwatch.observer — SEC 8-K summary
======================================

Issuer:     First Bancorp, Inc /ME/ (FNLC)
CIK:        0000765207
Form:       8-K
Filed at:   2022-10-19T23:59:59+00:00
Accession:  0000765207-22-000039
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Bancorp Q3 net income $10.1M (+11.9% YoY); new quarterly record
---------------------------------------------------------------------

- Diluted EPS $0.91, up 11.0% from $0.82 YoY; net interest margin 3.14% vs 2.96%.
- Loans grew $69.6M in-quarter to $1.86B; low-cost deposits up 4.0% to $1.40B.
- Non-performing assets ratio 0.07% vs 0.18% prior quarter; provision for loan losses $400K.
- Quarterly dividend $0.34/share, payable Oct 21 to record Oct 5 (37% payout ratio).
- Completed $5.2M residential loan sale; one-time charges of $681K impacted efficiency ratio.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/765207/000076520722000039/0000765207-22-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/765207/000076520722000039/fnlc-20221019.htm
  HTML page:      https://secwatch.observer/filing/0000765207-22-000039

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer