First Bancorp (FNLC) Reports Q4 EPS of $0.83

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Go back to First Bancorp (FNLC) Reports Q4 EPS of $0.83

The First Bancorp Reports Results for 2022

January 18, 2023 4:15 PM EST

DAMARISCOTTA, Maine--(BUSINESS WIRE)-- The First Bancorp (Nasdaq: FNLC), parent company of First National Bank, today announced operating results for the year ended December 31, 2022. Unaudited net income was $39.0 million, an increase of 7.5% from the $36.3 million reported for the year ended December 31, 2021. Net of non-recurring Payroll Protection Program (PPP) revenue, unaudited net income for 2022 was up 14.6% over 2021. Earnings per common share on a fully diluted basis were up $0.23 to $3.53 per share, an increase of 7.0% from the prior year. The Company also announced operating results for the three months ended December 31, 2022. Unaudited net income was... More