First Bancorp (NASDAQ:FNLC) Announces Quarterly Earnings Results

First Bancorp (NASDAQ:FNLC) issued its quarterly earnings results on Wednesday. The bank reported $0.65 earnings per share for the quarter, Zacks reports. First Bancorp had a net margin of 16.37% and a return on equity of 10.90%.

First Bancorp Price Performance

NASDAQ FNLC opened at $25.47 on Friday. First Bancorp has a 1 year low of $21.77 and a 1 year high of $31.05. The business’s fifty day moving average is $27.53 and its two-hundred day moving average is $26.84. The stock has a market capitalization of $283.99 million, a P/E ratio of 10.52 and a beta of 0.58. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.85 and a current ratio of 0.85.

First Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Monday, January 6th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 5.65%. The ex-dividend date was Monday, January 6th. First Bancorp’s payout ratio is 59.50%.

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.