First Bancorp Q3 net income $7.5M, EPS $0.67 flat QoQ; deposits up $100M

First Bancorp, Inc /ME/

2023-Q3 EPS reported $2.06

Net income $7.5M, +1.1% QoQ; diluted EPS $0.67 unchanged from prior quarter.
Net interest margin 2.40% vs 2.46% QoQ; net interest income $16.0M, +0.2%.
Loans +$18.9M to $2.08B; deposits +$100.1M to $2.60B, driven by low-cost categories.
Asset quality strong: NPA/assets 0.09%, NPL/loans 0.12%, past due loans 0.10%.
Q3 dividend $0.35/share declared, payable Oct 20 to holders of record Oct 10.

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 the quarter ended September 30, 2023 results: net income $7.5 million, EPS $0.67.

Period: the quarter ended September 30, 2023
Net income: $7.5 million
EPS: $0.67
Result: reported results

Exact text from the filing

Unaudited net income for the period was $7.5 million representing an increase of 1.1% from the second quarter of 2023. Diluted earnings per share were $0.67, level with the prior quarter.

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Source: SEC EDGAR

accession 0000765207-23-000046

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