The First Bancorp Announces Earnings Results for the Fourth Quarter and Year Ended December 31, 2017
January 22, 2018 at 06:20 pm
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The First Bancorp has announced earnings results for the fourth quarter and year ended December 31, 2017. Net income was USD 19.6 million, up USD 1.6 million or 8.8% from the USD 18.0 million reported for the year ended December 31, 2016. Earnings per common share on a fully diluted basis of USD 1.81 were up USD 0.15 or 9.0% compared to 2016.
The company also announced operating results for the quarter ended December 31, 2017. Net income was USD 5.1 million, up USD 766,000 or 17.7% from results reported for the fourth quarter of 2016, and earnings per common share on a fully diluted basis of USD 0.47 were up USD 0.07 or 17.5% from the same period in 2016.
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. 
