---
schema_version: "secwatch.filing_event.v1"
accession: "0000765207-24-000016"
form_type: "8-K"
ticker: "FNLC"
cik: "0000765207"
company_name: "First Bancorp, Inc /ME/"
filed_at: "2024-04-17T23:59:59+00:00"
generated_at: "2026-06-03T21:57:47.274866+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# First Bancorp Q1 net income $6.0M ($0.54 diluted), down from $0.72 YoY; loan growth 8.4% annualized

## Summary
- Net income $6.0M, diluted EPS $0.54 vs $0.72 in Q1 2023 and $0.60 in Q4 2023.
- Net interest margin 2.22% vs 2.34% last quarter and 2.78% YoY; net interest income down 6.1% sequentially.
- Loans grew $44.3M (8.4% annualized) to $2.17B; deposits declined $50.7M seasonally to $2.55B.
- Asset quality remains strong: NPA/total assets 0.09%, past due 0.09%, ACL 1.11%.
- Quarterly dividend declared $0.35/share, payable April 19 to holders of record April 9.

## SEC filing metadata
- accession: 0000765207-24-000016
- form_type: 8-K
- ticker: FNLC
- cik: 0000765207
- company_name: First Bancorp, Inc /ME/
- filed_at: 2024-04-17T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/765207/000076520724000016/0000765207-24-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/765207/000076520724000016/fnlc-20240417.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000765207-24-000016
- JSON: https://secwatch.observer/filing/0000765207-24-000016.json
- Plain text: https://secwatch.observer/filing/0000765207-24-000016.txt

## Key facts
- Earnings Releases
  First Bancorp, Inc /ME/ reported the three months ended March 31, 2024 results: net income $6.0 million, EPS $0.54.
  - Period: the three months ended March 31, 2024
  - Net income: $6.0 million
  - EPS: $0.54
  - Result: reported results
  source text: The First Bancorp (Nasdaq: FNLC), parent company of First National Bank, today announced operating results for the three months ended March 31, 2024. Unaudited net income for the period was $6.0 million as compared to net income of $8.0 million for the quarter ended March 31, 2023, and net income of $6.7 million for the prior quarter ended December 31, 2023. Diluted earnings per share were $0.54, $0.72 and $0.60 for those same periods, respectively.
  evidence_url: https://www.sec.gov/Archives/edgar/data/765207/000076520724000016/0000765207-24-000016-index.htm

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