First Bancorp reports record annual net income of $39.0M; diluted EPS $3.53 for 2022

First Bancorp, Inc /ME/

2022-FY EPS reported $3.53

Net income for 2022 was $39.0M, up 7.5% from $36.3M in 2021; diluted EPS $3.53 vs $3.30.
Net interest margin expanded to 3.15% for 2022 from 2.95% in 2021.
Total loans grew 16.2% to $1.91B; deposits increased 12.0% to $2.38B.
Q4 2022 net income was $9.2M, down 3.7% from Q4 2021; diluted EPS $0.83 vs $0.87.
Dividend of $0.34 per share declared for Q4, payable Jan 20, 2023 to holders of record Jan 9.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

First Bancorp, Inc /ME/ reported three months ended December 31, 2022 results: net income $9.2 million, EPS $0.83.

Period: three months ended December 31, 2022
Net income: $9.2 million
EPS: $0.83
Result: reported results

Exact text from the filing

The Company also announced operating results for the three months ended December 31, 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

First Bancorp, Inc /ME/ reported year ended December 31, 2022 results: net income $39.0 million, EPS $3.53 per share.

Period: year ended December 31, 2022
Net income: $39.0 million
EPS: $3.53 per share
Result: reported results

Exact text from the filing

The First Bancorp (Nasdaq: FNLC), parent company of First National Bank, today announced operating results for the year ended December 31, 2022.

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First Bancorp, Inc /ME/ filing history →

Source: SEC EDGAR

accession 0000765207-23-000005

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