The First Bancorp Inc.: 4Q Earnings Snapshot

·1 min read

DAMARISCOTTA, Maine (AP) _ The First Bancorp Inc. (FNLC) on Wednesday reported fourth-quarter net income of $7 million.

The bank, based in Damariscotta, Maine, said it had earnings of 64 cents per share.

The bank posted revenue of $23.6 million in the period. Its revenue net of interest expense was $20.2 million, which beat Street forecasts.

For the year, the company reported profit of $27.1 million, or $2.48 per share. Revenue was reported as $78 million.

The First Bancorp Inc. shares have increased slightly more than 4% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $26.48, a fall of 11% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FNLC at https://www.zacks.com/ap/FNLC