secwatch.observer — SEC 8-K summary
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Issuer:     First Bancorp, Inc /ME/ (FNLC)
CIK:        0000765207
Form:       8-K
Filed at:   2024-10-23T23:59:59+00:00
Accession:  0000765207-24-000047
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Bancorp Q3 net income $7.6M, EPS $0.68; NIM expands 11bp to 2.32%
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- Net income $7.6M ($0.68 diluted EPS) up 22.7% from Q2; PTPP earnings $8.5M.
- Net interest income $16.4M (best in six quarters); NIM up 11bp to 2.32% as asset yields rose.
- Loans grew at annualized 10.6% to $2.31B; total assets $3.14B, up $57.6M in Q3.
- NPAs/total assets 0.08%; ACL/loans 1.04%; net charge-offs annualized 0.005%. Tangible book value per share $20.27.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/765207/000076520724000047/0000765207-24-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/765207/000076520724000047/fnlc-20241023.htm
  HTML page:      https://secwatch.observer/filing/0000765207-24-000047

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