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Earnings jump at The First Bancorp (NASDAQ: FNLC) as margin widens
The First Bancorp (NASDAQ: FNLC) reported a 27.1% increase in net income for Q1 2026, reaching $9.0 million, with diluted EPS rising to $0.80. This growth was driven by an expanded net interest margin of 2.86%, increased non-interest revenue, and improved efficiency. While asset quality saw a slight deterioration with an increase in non-performing assets, the company’s capital ratios remain strong, and it declared a quarterly dividend of $0.37 per share.