First Bancorp (NASDAQ:FNLC) Announces Quarterly Earnings Results

First Bancorp (NASDAQ:FNLC) announced its quarterly earnings results on Wednesday. The bank reported $0.65 EPS for the quarter, Zacks reports. First Bancorp had a net margin of 16.46% and a return on equity of 10.72%.

First Bancorp Stock Down 1.3 %

Shares of FNLC stock opened at $25.99 on Thursday. The stock has a market cap of $289.79 million, a P/E ratio of 10.97 and a beta of 0.58. First Bancorp has a 52 week low of $21.77 and a 52 week high of $31.05. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.37. The company’s fifty day simple moving average is $27.58 and its two-hundred day simple moving average is $26.84.

First Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, January 6th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 5.54%. The ex-dividend date was Monday, January 6th. First Bancorp’s payout ratio is currently 60.76%.

About First Bancorp

The First Bancorp, Inc operates as the holding company for First National Bank that provides a range of banking products and services to individuals and businesses. It offers various deposit products, including demand, NOW, time, savings, money market, and certificates of deposit accounts. The company also provides commercial loans comprising commercial real estate owner occupied, such as mortgage loans to finance investments in real property such as retail space, offices, industrial buildings, hotels, educational facilities, and other specific or mixed use properties; commercial real estate non-owner occupied loans; commercial construction to finance construction in a mix of owner- and nonowner occupied commercial real estate properties; and commercial and industrial loans, including revolving and term loan for financing working capital and/or capital investment.