The First Bancorp, Inc. filed its quarterly report on Form 10-Q with the SEC on August 7, 2026, covering the three- and six-month periods ended June 30, 2026, disclosing net income, loan growth, and balance sheet data for the Maine-based bank holding company.

Key Highlights

  • Net income of $18.553 million for the six months ended June 30, 2026, compared to $15.140 million for the same period in 2025, according to the filing.
  • Diluted earnings per share of $1.65 for the first half of 2026, up from $1.35 in the prior-year period, the company disclosed.
  • Net interest income rose to $41.851 million for the six-month period, compared to $36.208 million in the first half of 2025.
  • Total assets reached $3.216 billion at June 30, 2026, versus $3.199 billion at June 30, 2025.
  • Non-performing loans to total loans increased to 0.71% at June 30, 2026, from 0.25% at June 30, 2025, per the filing.
  • Cash dividends declared were $0.75 per share for the six months ended June 30, 2026, compared to $0.73 for the same period in 2025.
  • 11,282,340 shares of common stock outstanding as of August 1, 2026, as reported in the filing.

First Bancorp Reports Higher Earnings and Wider Net Interest Margin in First Half of 2026

The First Bancorp, Inc. (NASDAQ Global Select Market: FNLC), headquartered at 223 Main Street, Damariscotta, Maine, reported net income of $18.553 million for the six months ended June 30, 2026, according to the quarterly filing. This compares to $15.140 million in the corresponding period of 2025. For the second quarter alone, net income was $9.560 million, up from $8.063 million in the second quarter of 2025. Basic earnings per share for the six-month period were $1.67, while diluted earnings per share were $1.65, the company disclosed.

Net interest income for the first half of 2026 was $41.851 million, compared to $36.208 million in the first half of 2025. Interest expense declined to $37.127 million from $42.326 million over the same comparison, per the filing. The tax-equivalent net interest margin, a non-GAAP measure as noted by the company, was reported at 2.87% for the six-month period and 2.88% for the second quarter of 2026, versus 2.50% and 2.52% respectively in 2025. The efficiency ratio, also identified as a non-GAAP measure, improved to 51.47% for the six months ended June 30, 2026, from 54.63% in the prior-year period.

Total loans stood at $2.424 billion at June 30, 2026, up from $2.394 billion at June 30, 2025. Total deposits were $2.680 billion at June 30, 2026, compared to $2.705 billion a year earlier. The allowance for credit losses represented 1.01% of total loans at period end, versus 1.04% at June 30, 2025. Non-performing assets to total assets were 0.54% at June 30, 2026, up from 0.19% at June 30, 2025. Return on average assets for the six-month period was 1.18%, annualized, compared to 0.96% a year prior, according to the filing.

What Was Disclosed

The First Bancorp, Inc. disclosed unaudited financial results for the three and six months ended June 30, 2026, including income, balance sheet, and credit quality data, along with management's discussion and analysis and notes to consolidated financial statements.