secwatch.observer — SEC 8-K summary
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Issuer:     First Bancorp, Inc /ME/ (FNLC)
CIK:        0000765207
Form:       8-K
Filed at:   2024-01-24T23:59:59+00:00
Accession:  0000765207-24-000004
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/765207/000076520724000004/0000765207-24-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/765207/000076520724000004/fnlc-20240124.htm
  HTML page:      https://secwatch.observer/filing/0000765207-24-000004

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