Monitor Q4 2026 for continued net interest margin expansion (ninth consecutive quarter of improvement) and asset quality trends — the resolution of non-performing credits in Q3 drove ACL coverage down to 0.98%, which bears watching if credit conditions deteriorate.
Price Chart
Executive Summary
First Bancorp reported record Q3 2026 net income of $10.7M ($0.95 diluted EPS), up 17.5% YoY from $9.1M ($0.81), driven by net interest margin expansion to 2.99% (up 29 bps YoY), 12.2% net interest income growth, and an improved efficiency ratio of 47.94%. The record quarterly earnings and continued margin expansion signal sustained operational momentum for this Maine-based community bank.
Key Financial Metrics
Key Facts
- Q3 2026 net income of $10.7M is a new quarterly record, up 17.5% YoY
- Diluted EPS of $0.95 is a new quarterly high, up 16.8% YoY
- Net interest margin expanded to 2.99%, up 29 bps YoY and 11 bps sequentially
- Efficiency ratio improved to 47.94% from 50.40% a year ago
- Loan growth of $17.8M in the quarter; total assets reached $3.25B
- Non-performing assets ratio improved to 0.44% from 0.54% in Q2 2026
- Quarterly dividend increased to $0.38 per share from $0.37
Financial Impact
Net income up $1.6M YoY (+17.5%); net interest income up $2.4M (+12.2%); non-interest income up $503K (+11.2%)
Risk Factors
- Non-performing assets ratio of 0.44% remains above the 0.30% level from a year ago
- Allowance for credit losses on loans declined to 0.98% from 1.05% in Q3 2025
- Tangible book value per share declined sequentially to $22.81 from $23.25 due to higher unrealized losses on AFS securities
- Net charge-offs in Q3 totaled $1.6M; year-to-date annualized net charge-offs at 0.22%
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000765207-26-000112 |
| Document: fnlc-20261021.htm | 0000765207-26-000112 |
| Document: 0000765207-26-000112-index-headers.html | 0000765207-26-000112 |
| Document: 0000765207-26-000112-index.html | 0000765207-26-000112 |
| Document: 0000765207-26-000112.txt | 0000765207-26-000112 |
| 8-K Data (Synthetic) | 0000765207-26-000112 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 6d ago | 8-K | $36.17 $36.36 | ▲ +0.53% | ▲ +1.05% | $36.43 (+0.72%) |
Sep 24, 2026 4w ago | 8-K | $34.35 $34.30 | ▼ −0.15% | ▲ +0.60% | $36.43 (+6.06%) |
Jun 25, 2026 17w ago | 8-K | $35.51 $34.93 | ▼ −1.63% | ▼ −3.28% | $36.43 (+2.59%) |
May 1, 2026 25w ago | 8-K | $28.89 $28.41 | ▼ −1.66% | ▼ −1.32% | $36.43 (+26.10%) |
Apr 22, 2026 26w ago | 8-K | $29.10 $29.05 | ▼ −0.17% | ▼ −0.96% | $36.43 (+25.19%) |
US Market Status
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