---
schema_version: "secwatch.filing_event.v1"
accession: "0000765207-23-000038"
form_type: "8-K"
ticker: "FNLC"
cik: "0000765207"
company_name: "First Bancorp, Inc /ME/"
filed_at: "2023-07-19T23:59:59+00:00"
generated_at: "2026-06-13T06:42:19.969879+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# First Bancorp Q2 net income falls to $7.4M ($0.67 EPS) on margin compression

## Summary
- Net income $7.4M, down 7.2% from Q1 2023 and 26% from Q2 2022; diluted EPS $0.67 vs $0.91 a year ago.
- Net interest margin 2.46%, down from 3.13% YoY and 2.78% in Q1; net interest income $15.9M (-8.8% QoQ).
- Loans grew $78.1M in Q2 to $2.06B (annualized 15.4%); deposits up $33.2M to $2.50B.
- Dividend raised to $0.35/share from $0.34, payable July 20, 2023; payout ratio 52.2%.
- Non-performing assets to total assets stable at 0.06%; ACL 1.14% of loans.

## SEC filing metadata
- accession: 0000765207-23-000038
- form_type: 8-K
- ticker: FNLC
- cik: 0000765207
- company_name: First Bancorp, Inc /ME/
- filed_at: 2023-07-19T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/765207/000076520723000038/0000765207-23-000038-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/765207/000076520723000038/fnlc-20230719.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000765207-23-000038
- JSON: https://secwatch.observer/filing/0000765207-23-000038.json
- Plain text: https://secwatch.observer/filing/0000765207-23-000038.txt

## Key facts
- Earnings Releases
  First Bancorp, Inc /ME/ reported three months ended June 30, 2023 results: net income $7.4 million, EPS $0.67.
  - Period: three months ended June 30, 2023
  - Net income: $7.4 million
  - EPS: $0.67
  - Result: reported results
  source text: Unaudited net income for the period was $7.4 million representing diluted earnings per share of $0.67.
  evidence_url: https://www.sec.gov/Archives/edgar/data/765207/000076520723000038/0000765207-23-000038-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.