secwatch.observer — SEC 8-K summary
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Issuer:     First Bancorp, Inc /ME/ (FNLC)
CIK:        0000765207
Form:       8-K
Filed at:   2024-04-17T23:59:59+00:00
Accession:  0000765207-24-000016
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/765207/000076520724000016/0000765207-24-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/765207/000076520724000016/fnlc-20240417.htm
  HTML page:      https://secwatch.observer/filing/0000765207-24-000016

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