The First Bancorp, Inc. filed a Form 10-Q with the SEC on November 5, 2026, reporting unaudited financial results for the quarterly period ended September 30, 2026, and the nine months then ended.

Key Highlights

  • Nine-month net income: The company reported net income of $29,224,000 for the nine months ended September 30, 2026, compared with $24,222,000 for the same period in 2025.
  • Third-quarter net income: Net income for the quarter ended September 30, 2026, was $10,671,000, up from $9,082,000 in the third quarter of 2025.
  • Net interest income growth: Nine-month net interest income reached $64,352,000 in 2026, compared with $56,266,000 in 2025, as interest expense declined from $63,273,000 to $56,101,000.
  • Diluted earnings per share: Diluted EPS was $2.59 for the nine months ended September 30, 2026, versus $2.16 for the same period in 2025; third-quarter diluted EPS was $0.95 versus $0.81.
  • Total assets: Total assets stood at $3,251,783,000 as of September 30, 2026, compared with $3,198,478,000 at September 30, 2025.
  • Non-performing loans: Non-performing loans to total loans rose to 0.58% at September 30, 2026, from 0.40% at September 30, 2025, according to the filing.
  • Shares outstanding: Common shares outstanding as of November 1, 2026, were 11,290,036.

First Bancorp Reports Higher Earnings and Margin Expansion Through September 2026

According to the Form 10-Q filed November 5, 2026, The First Bancorp, Inc. (NASDAQ:FNLC), a Maine-based bank holding company, reported nine-month interest income of $120,453,000 and interest expense of $56,101,000, producing net interest income of $64,352,000. That compares with net interest income of $56,266,000 for the first nine months of 2025, when interest expense was $63,273,000. The tax-equivalent net interest margin was disclosed as 2.91% for the nine-month period, versus 2.57% a year earlier; for the third quarter alone, the margin was 2.99% compared with 2.70% in Q3 2025.

The filing disclosed non-interest income of $14,090,000 and non-interest expense of $40,542,000 for the nine months ended September 30, 2026, against $12,606,000 and $37,797,000, respectively, for the comparable 2025 period. Credit loss expense was $2,534,000 for the nine-month period, up from $1,578,000. The efficiency ratio, identified by the company as a non-GAAP measure, was reported at 50.23% for the nine months and 47.94% for the quarter, compared with 53.12% and 50.40% a year earlier.

At period end, total loans were $2,441,559,000, total deposits were $2,786,672,000, and total shareholders' equity was $288,149,000. The allowance for credit losses as a percentage of total loans was 0.98%, down from 1.05% at September 30, 2025. Book value per common share was reported at $25.53, and tangible book value per common share, also a non-GAAP measure per the filing, was $22.81. Cash dividends declared per share were $1.13 for the nine months ended September 30, 2026, compared with $1.10 for the same period in 2025. Return on average assets was 1.22% for the nine-month period, annualized on a 365-day basis.

What Was Disclosed

The First Bancorp, Inc. disclosed unaudited consolidated financial statements and selected financial data for the nine months and quarter ended September 30, 2026, showing higher net income, expanded net interest margin, and growth in total assets, loans, and deposits compared with the same prior-year periods.