The First Bancorp, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
January 21, 2021 at 02:50 am IST
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The First Bancorp, Inc. announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced net interest income was USD 15.679 million compared to USD 13.418 million a year ago. Net income was USD 6.970 million compared to USD 6.686 million a year ago. Basic earnings per share was USD 0.64 compared to USD 0.62 a year ago. Diluted earnings per share was USD 0.64 compared to USD 0.61 a year ago. For the full year, net interest income was USD 59.833 million compared to USD 52.493 million a year ago. Net income was USD 27.129 million compared to USD 25.525 million a year ago. Basic earnings per share was USD 2.5 compared to USD 2.36 a year ago. Diluted earnings per share was USD 2.48 compared to USD 2.34 a year ago.
The First Bancorp, Inc. is a bank holding company of First National Bank (the Bank). The Bank provides an array of commercial and retail banking services through 18 locations in mid-coast and eastern Maine. The Bank emphasizes personal service, and its customers are primarily small businesses and individuals to whom the Bank offers a wide variety of services, including deposit accounts and consumer, commercial and mortgage loans. In addition to traditional banking services, the Company provides investment management and trust services to individuals, businesses, and municipalities through First National Wealth Management, which is an operating division of the Bank. First National Wealth Management offers a comprehensive array of private banking, financial planning, investment management and trust services to individuals, businesses, non-profit organizations, and municipalities of varying asset size. The Bank also offers brokerage, annuity products and certain types of insurance.
THE FIRST BANCORP, INC. 
