First Bancorp Q2 EPS $0.55; net income $6.2M; dividend raised to $0.36

First Bancorp, Inc /ME/

2024-Q2 EPS reported $1.10

Diluted EPS $0.55, net income $6.2M; pre-tax pre-provision earnings up 18.1% from Q1.
Loans grew 13.6% annualized to $2.25B; total assets $3.08B, up $106.8M in quarter.
Non-performing assets to total assets remained at 0.09%; ACL on loans at 1.10%.
Quarterly dividend increased by $0.01 to $0.36 per share; payable July 19, 2024.
Efficiency ratio improved to 56.35% from 61.15% in Q1.

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