FNLC - First Bancorp GAAP EPS of $0.88 revenue of $22.85M

First Bancorp press release (NASDAQ:FNLC): Q1 GAAP EPS of $0.88. Revenue of $22.85M (+7.9% Y/Y). CEO comment: "Two notable pandemic-related programs continued to wind down in the first quarter. As of March 31, 2022, PPP loan balances had been reduced to $2.6 million and we expect most of the remaining balances to be forgiven by the end of the second quarter. COVID-19 related loan modifications have nearly all been resolved, with $1.1 million in residential mortgage and consumer loan balances remaining in modification status at the end of the first quarter, representing just 0.07% of the loan portfolio."

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First Bancorp GAAP EPS of $0.88, revenue of $22.85M