• The First Bancorp posted net income of $9 million for quarter ended March 31, 2026, up 27.1%, with diluted EPS rising to $0.80.
• Tax-equivalent net interest income climbed to $21.35 million, up 15.4%, as net interest margin widened to 2.86% from 2.48% a year earlier.
• Non-interest income increased to $4.45 million, up 11.2%, while non-interest expense rose to $13.62 million, up 6%, leaving GAAP efficiency ratio at 54.16% versus 58.91%.
• Credit loss expense increased to $620,000, while nonperforming assets rose to 0.51% of total assets and past-due loans increased to 1.14% of total loans.
• Total assets increased $34.5 million, or 1.1%, year-to-date; total deposits were unchanged at $2.66 billion, and total risk-based capital ratio was 14.05%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The First Bancorp Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000765207-26-000087), on May 08, 2026, and is solely responsible for the information contained therein.