FNLC - First Bancorp GAAP EPS of $0.91 revenue of $24.35M

October, 19 2022 04:59 PM First Bancorp Inc (ME)

First Bancorp press release ( NASDAQ: FNLC ): Q3 GAAP EPS of $0.91.
Revenue of $24.35M (+13.8% Y/Y).
Pre-tax, Pre-Provision ("PTPP") Net Income (non-GAAP) increased 10.9% compared to the third quarter of 2021 and increased 0.8% from the second quarter of 2022.
Loan balances increased $69.6 million in the third quarter to $1.86 billion.
Low-cost deposits totaled $1.40 billion as of September 30, 2022, growing 4.0% in the third quarter.
Net Interest Margin for the quarter ended September 30, 2022, was 3.14%, up from 2.96% for the quarter ended September 30, 2021, and up slightly from 3.13% for the quarter ended June 30, 2022.
Quarterly shareholder dividend declared of $0.34 per share.

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