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home / news releases / FNLC - Despite COVID-19 2020 Was Business As Usual For The First Bancorp

FNLC - Despite COVID-19 2020 Was Business As Usual For The First Bancorp

First Bancorp Inc (ME)
  • Despite higher loan loss provisions, The First Bancorp actually reported a net income increase.
  • Trading at 10X earnings, the dividend yield is now around 5% while the retained earnings will boost the tangible book value per share by over $1/year.
  • This makes FNLC a very interesting regional bank which could belong in the portfolio of both income and value investors.

For further details see:

Despite COVID-19, 2020 Was Business As Usual For The First Bancorp
Stock Information
Company Name: First Bancorp Inc (ME)
Stock Symbol: FNLC
Market: NASDAQ
Website: thefirst.com
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