First Bancorp FY26 Q2 net income rises 18.6% to $9.6 million

Reuters2026/08/07 14:20

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The First Bancorp posted net income of $9.6 million for the quarter ended June 30, 2026, up 18.6%.
Fully diluted EPS rose 17.8% to $0.85.
Tax-equivalent net interest income climbed 14.3% to $21.84 million; net interest margin widened 0.36 percentage points to 2.88%.
Non-interest income increased 12.9% to $4.66 million; non-interest expense grew 9.7% to $13.38 million.
Total risk-based capital ratio was 14.23% at June 30, 2026, remaining above the 10% well-capitalized threshold.

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: 0000765207-26-000106), on August 07, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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First Bancorp FY26 Q2 net income rises 18.6% to $9.6 million

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