First Bancorp Q3 net income $10.7M, EPS $0.95 set records; NIM expands to 2.99%

First Bancorp, Inc /ME/

Net income $10.7M (+17.5% YoY) and diluted EPS $0.95 (+16.8% YoY) were quarterly records; both up 11.6% from Q2 2026.
Net interest income $22.5M, up 12.2% YoY; NIM 2.99%, up 29 bps YoY and 11 bps linked-quarter, the ninth consecutive quarter of expansion.
Total deposits rose $106.9M to $2.79B on $139.7M non-maturity growth; time deposits cut $32.8M and FHLB borrowings reduced $69.2M.
Non-performing assets fell to 0.44% of assets from 0.54% at June 30; net charge-offs $1.6M, $845K provision, ACL 0.98% of loans.
Efficiency ratio improved to 47.94% from 50.40%; tangible book value $22.81 (+4.9% YoY); Q3 dividend of $0.38 paid Oct 16, 2026.

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