Key Highlights

  • The First Bancorp's 38 cents quarterly dividend has an October 6, 2026 ex-dividend date and is payable October 16.
  • Second-quarter net income was $9.6 million, or $0.85 per diluted share, increases of 18.6% and 17.8% from a year earlier.
  • Net interest margin was 2.88%, the eighth consecutive quarterly improvement and up 36 basis points from the second quarter of 2025.
  • Non-performing assets were 0.54% of total assets, and the estimated total risk-based capital ratio was 14.24% at June 30.

The First Bancorp's (NASDAQ:FNLC) 38 cents quarterly dividend yields 4.44% and sits beside second-quarter diluted EPS of $0.85 and first-half basic EPS of $1.67. The Board declared it on September 24, 2026, one cent above the 37 cents declared for the first quarter. The company's release states an annualized dividend of $1.52 per share.

Dividend Program and Shareholder Returns

The First Bancorp's Board declared a quarterly cash dividend of 38 cents per share for the third quarter on September 24, 2026. It is payable October 16 to shareholders of record as of October 6. The company's release states an annualized dividend of $1.52 per share, which it describes as a 4.47% yield on a closing price of $33.98 on September 23.

The first quarter dividend was 37 cents, payable April 17 to shareholders of record April 7, and the third quarter 2025 dividend was 37 cents. The company reported a dividend payout ratio of 44.94% for the six months ended June 30, 2026.

About the Company

The First Bancorp, headquartered in Damariscotta, Maine, is the parent company of First National Bank, founded in 1864. The bank serves Mid-Coast and Down East Maine with eighteen offices in Lincoln, Knox, Hancock, Penobscot, Waldo and Washington Counties. First National Wealth Management provides investment management and trust services from five offices.

Financial Performance Behind the Payout

The First Bancorp reported second-quarter net income of $9.56 million versus $8.06 million, with fully diluted EPS of $0.85 versus $0.72. Net income rose $567,000 from the first quarter. Six-month net income was $18.553 million versus $15.140 million, and basic EPS was $1.67 versus $1.37.

Net interest margin was 2.88%, up 2 basis points from the first quarter and up from 2.52% a year earlier. The company said the improvement came from stable earning-asset yields and lower funding costs. Total assets were $3.22 billion, with net loan growth of $18.6 million in the quarter.

Asset Quality and Capital

Non-performing assets were 0.54% of total assets versus 0.19% a year earlier, and non-performing loans were 0.71% of loans. Second-quarter net charge-offs were $1.6 million, concentrated in a single relationship. The company describes asset quality as satisfactory.

The leverage ratio was 9.21%, the estimated total risk-based capital ratio was 14.24% versus 13.31%, and the tangible common equity ratio was 8.23% versus 7.41%.

Outlook

The First Bancorp's second-quarter release reports net interest margin of 2.88%, eight consecutive quarters of improvement, and an efficiency focus on expense control. Funding costs, non-performing assets, the single-relationship charge-offs and capital ratios are the measures the company reports for the quarter.