---
schema_version: "secwatch.filing_event.v1"
accession: "0000765207-24-000004"
form_type: "8-K"
ticker: "FNLC"
cik: "0000765207"
company_name: "First Bancorp, Inc /ME/"
filed_at: "2024-01-24T23:59:59+00:00"
generated_at: "2026-06-06T19:37:15.679219+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# First Bancorp FY 2023 net income down 24.3%; EPS $2.66 vs $3.53 prior year

## Summary
- Net income $29.5M, down 24.3% YoY; diluted EPS $2.66, down 24.6%.
- Total loans grew 11.2% to $2.13B; deposits up 9.3% to $2.60B.
- Net interest margin narrowed to 2.49% from 3.15%; efficiency ratio worsened to 52.43%.
- Non-performing assets remain low at 0.07%; net charge-offs 0.01%.
- Quarterly dividend $0.35 per share, paid Jan 19, 2024.

## SEC filing metadata
- accession: 0000765207-24-000004
- form_type: 8-K
- ticker: FNLC
- cik: 0000765207
- company_name: First Bancorp, Inc /ME/
- filed_at: 2024-01-24T23:59:59+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/765207/000076520724000004/0000765207-24-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/765207/000076520724000004/fnlc-20240124.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000765207-24-000004
- JSON: https://secwatch.observer/filing/0000765207-24-000004.json
- Plain text: https://secwatch.observer/filing/0000765207-24-000004.txt

## Key facts
- Earnings Releases
  First Bancorp, Inc /ME/ reported three months ended December 31, 2023 results: net income $6.7 million, EPS $0.60.
  - Period: three months ended December 31, 2023
  - Net income: $6.7 million
  - EPS: $0.60
  - Result: reported results
  source text: Unaudited net income was $6.7 million, a decrease of 27.4% from the final three months of 2022. Earnings per share on a fully diluted basis for the fourth quarter of 2023 were $0.60
  evidence_url: https://www.sec.gov/Archives/edgar/data/765207/000076520724000004/0000765207-24-000004-index.htm
- Earnings Releases
  First Bancorp, Inc /ME/ reported year ended December 31, 2023 results: net income $29.5 million, EPS $2.66 per share.
  - Period: year ended December 31, 2023
  - Net income: $29.5 million
  - EPS: $2.66 per share
  - Result: reported results
  source text: Unaudited net income was $29.5 million, a decrease of 24.3% from the $39.0 million reported for the year ended December 31, 2022. Earnings per common share on a fully diluted basis were down $0.87 to $2.66 per share
  evidence_url: https://www.sec.gov/Archives/edgar/data/765207/000076520724000004/0000765207-24-000004-index.htm

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