Latest news with #FirstBancorp
Business Wire
20 hours ago
- Business
- Business Wire
The First Bancorp Declares Second Quarter Dividend
DAMARISCOTTA, Maine--(BUSINESS WIRE)--The First Bancorp (NASDAQ: FNLC), the parent company of First National Bank, today declared a quarterly cash dividend of 37 cents per share. This second quarter dividend is payable July 18, 2025 to shareholders of record as of July 8, 2025. The quarterly cash dividend of 37 cents per share is an increase of one cent per share from the dividend paid in each of the prior four quarters. "I am pleased to announce that the Board of Directors has authorized a dividend of 37 cents per share for the second quarter of 2025," remarked President & Chief Executive Officer, Tony C. McKim. "The one cent increase in the dividend marks our 11th consecutive year of raising the payout by at least one cent in the second quarter, and is reflective of the Board's ongoing commitment to having shareholders meaningfully participate in the Company's success. Based on a closing price of $24.70 per share on June 25, 2025, the annualized dividend of $1.48 per share represents an attractive yield of 5.99%." The First Bancorp, headquartered in Damariscotta, Maine, is the holding company for First National Bank. Founded in 1864, the Bank serves Mid-Coast and Down East Maine with eighteen offices in Lincoln, Knox, Hancock, Penobscot, Waldo and Washington Counties. The Bank provides a full range of consumer and commercial banking products and services. First National Wealth Management, a division of First National Bank, provides investment management and trust services from five offices in Lincoln, Knox, Penobscot and Hancock Counties. Forward-looking and cautionary statements: except for the historical information and discussions contained herein, statements contained in this release may constitute 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve a number of risks, uncertainties and other factors that could cause actual results and events to differ materially, as discussed in the Company's filings with the Securities and Exchange Commission. Category: Dividends
Yahoo
16-06-2025
- Business
- Yahoo
Regional Banks Stocks Q1 Results: Benchmarking First Bancorp (NASDAQ:FBNC)
Earnings results often indicate what direction a company will take in the months ahead. With Q1 behind us, let's have a look at First Bancorp (NASDAQ:FBNC) and its peers. Regional banks, financial institutions operating within specific geographic areas, serve as intermediaries between local depositors and borrowers. They benefit from rising interest rates that improve net interest margins (the difference between loan yields and deposit costs), digital transformation reducing operational expenses, and local economic growth driving loan demand. However, these banks face headwinds from fintech competition, deposit outflows to higher-yielding alternatives, credit deterioration (increasing loan defaults) during economic slowdowns, and regulatory compliance costs. Recent concerns about regional bank stability following high-profile failures and significant commercial real estate exposure present additional challenges. In light of this news, share prices of the companies have held steady as they are up 1.6% on average since the latest earnings results. Founded during the Great Depression in 1934 and originally known as Montgomery Bancorp, First Bancorp (NASDAQ:FBNC) is a community-oriented commercial bank providing a wide range of financial services to businesses and individuals in North and South Carolina. First Bancorp reported revenues of $105.8 million, up 14.8% year on year. This print exceeded analysts' expectations by 1%. Overall, it was a strong quarter for the company with a solid beat of analysts' net interest income estimates and an impressive beat of analysts' tangible book value per share estimates. Richard H. Moore, CEO and Chairman of the Company, stated "Our Company had a strong quarter highlighted by the execution of our succession plan elevating Adam Currie to Chief Executive Officer of First Bank. Our ability to enhance net interest income and margin as well as maintain prudent expense management bodes well for the future. We remain focused on maintaining credit quality and managing our balance sheet while continuing to provide excellent service to our customers. Our solid liquidity and excess capital will provide us strategic flexibility in the days ahead." Interestingly, the stock is up 5.3% since reporting and currently trades at $40.70. Is now the time to buy First Bancorp? Access our full analysis of the earnings results here, it's free. Founded in 1784 as one of the oldest banks in the Western Hemisphere, Butterfield Bank (NYSE:NTB) provides banking, wealth management, and trust services to individuals and businesses in select offshore financial centers including Bermuda, Cayman Islands, and the Channel Islands. Butterfield Bank reported revenues of $147.8 million, up 3.7% year on year, outperforming analysts' expectations by 4.4%. The business had a stunning quarter with a solid beat of analysts' net interest income estimates and an impressive beat of analysts' EPS estimates. However, the results were likely priced into the stock as it's traded sideways since reporting. Shares currently sit at $42.41. Is now the time to buy Butterfield Bank? Access our full analysis of the earnings results here, it's free. Originally focused on traditional banking before pivoting to serve the transportation sector, Triumph Financial (NASDAQ:TFIN) provides specialized financial services to the trucking industry, including payments processing, factoring, banking, and data intelligence solutions. Triumph Financial reported revenues of $100.8 million, flat year on year, falling short of analysts' expectations by 3.8%. It was a disappointing quarter as it posted a significant miss of analysts' tangible book value per share and net interest income estimates. Interestingly, the stock is up 15% since the results and currently trades at $57.31. Read our full analysis of Triumph Financial's results here. With a strategic focus on low-risk, government-backed lending programs, Merchants Bancorp (NASDAQCM:MBIN) is an Indiana-based bank holding company specializing in multi-family mortgage banking, mortgage warehousing, and traditional banking services. Merchants Bancorp reported revenues of $145.9 million, down 13.1% year on year. This result lagged analysts' expectations by 12.7%. Overall, it was a disappointing quarter as it also produced a significant miss of analysts' net interest income and EPS estimates. The stock is down 7% since reporting and currently trades at $31.27. Read our full, actionable report on Merchants Bancorp here, it's free. Founded in 2000 with a focus on delivering big-bank capabilities with community bank personalization, Pinnacle Financial Partners (NASDAQ:PNFP) is a Tennessee-based financial holding company that provides banking, investment, trust, mortgage, and insurance services to businesses and individuals. Pinnacle Financial Partners reported revenues of $462.9 million, up 8.1% year on year. This print came in 3% below analysts' expectations. It was a slower quarter as it also logged a slight miss of analysts' net interest income estimates. The stock is down 8.4% since reporting and currently trades at $102.06. Read our full, actionable report on Pinnacle Financial Partners here, it's free. The Fed's interest rate hikes throughout 2022 and 2023 have successfully cooled post-pandemic inflation, bringing it closer to the 2% target. Inflationary pressures have eased without tipping the economy into a recession, suggesting a soft landing. This stability, paired with recent rate cuts (0.5% in September 2024 and 0.25% in November 2024), fueled a strong year for the stock market in 2024. The markets surged further after Donald Trump's presidential victory in November, with major indices reaching record highs in the days following the election. Still, questions remain about the direction of economic policy, as potential tariffs and corporate tax changes add uncertainty for 2025. Want to invest in winners with rock-solid fundamentals? Check out our Hidden Gem Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Sign in to access your portfolio
Yahoo
13-06-2025
- Business
- Yahoo
Is AIA (AAGIY) Outperforming Other Finance Stocks This Year?
For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. AIA (AAGIY) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question. AIA is one of 857 companies in the Finance group. The Finance group currently sits at #5 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. AIA is currently sporting a Zacks Rank of #2 (Buy). Within the past quarter, the Zacks Consensus Estimate for AAGIY's full-year earnings has moved 3.1% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive. Based on the latest available data, AAGIY has gained about 22.8% so far this year. Meanwhile, the Finance sector has returned an average of 5.8% on a year-to-date basis. As we can see, AIA is performing better than its sector in the calendar year. One other Finance stock that has outperformed the sector so far this year is First Bancorp (FBP). The stock is up 8.7% year-to-date. Over the past three months, First Bancorp's consensus EPS estimate for the current year has increased 4.1%. The stock currently has a Zacks Rank #1 (Strong Buy). Looking more specifically, AIA belongs to the Insurance - Life Insurance industry, which includes 16 individual stocks and currently sits at #90 in the Zacks Industry Rank. On average, stocks in this group have gained 1.8% this year, meaning that AAGIY is performing better in terms of year-to-date returns. In contrast, First Bancorp falls under the Banks - Southeast industry. Currently, this industry has 53 stocks and is ranked #56. Since the beginning of the year, the industry has moved -4.7%. Going forward, investors interested in Finance stocks should continue to pay close attention to AIA and First Bancorp as they could maintain their solid performance. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AIA (AAGIY) : Free Stock Analysis Report First BanCorp. (FBP) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
13-06-2025
- Business
- Yahoo
First Bancorp Announces Cash Dividend
SOUTHERN PINES, N.C., June 13, 2025 /PRNewswire/ -- The Board of Directors of First Bancorp (NASDAQ: FBNC) (the "Company"), the parent company of First Bank, has declared a cash dividend on its common stock of $0.23 per share payable on July 25, 2025 to shareholders of record as of June 30, 2025. This represents an increase from $0.22 per share paid in the prior quarter. Richard Moore, Chief Executive Officer of First Bancorp, stated, "Our Company had a strong first quarter performance with continued momentum in net income and EPS as well as solid credit quality and adequate capital and liquidity positions. In conjunction with our commitment to return capital to our shareholders, we are pleased to increase the level of cash dividends." First Bancorp is a bank holding company headquartered in Southern Pines, North Carolina, with total assets of $12.4 billion. Its principal activity is the ownership and operation of First Bank, a state-chartered community bank that operates 113 branches in North Carolina and South Carolina. Since 1935, First Bank has taken a tailored approach to banking, combining best-in-class financial solutions, helpful local expertise, and technology to manage a home or business. First Bank also provides SBA loans to customers through its nationwide network of lenders. Please visit our website at for more information. First Bancorp's common stock is traded on The NASDAQ Global Select Market under the symbol "FBNC." Member FDIC, Equal Housing Lender. View original content to download multimedia: SOURCE First Bancorp Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-05-2025
- Business
- Yahoo
Independent Director of First Bancorp Picks Up 357% More Stock
Whilst it may not be a huge deal, we thought it was good to see that the The First Bancorp, Inc. (NASDAQ:FNLC) Independent Director, Ingrid H. Kachmar, recently bought US$96k worth of stock, for US$24.10 per share. While that isn't the hugest buy, it actually boosted their shareholding by 357%, which is good to see. Our free stock report includes 1 warning sign investors should be aware of before investing in First Bancorp. Read for free now. In fact, the recent purchase by Ingrid H. Kachmar was the biggest purchase of First Bancorp shares made by an insider individual in the last twelve months, according to our records. That implies that an insider found the current price of US$24.37 per share to be enticing. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. The good news for First Bancorp share holders is that insiders were buying at near the current price. In the last twelve months insiders purchased 5.60k shares for US$135k. But they sold 500.00 shares for US$15k. In total, First Bancorp insiders bought more than they sold over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction! View our latest analysis for First Bancorp First Bancorp is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying. For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. First Bancorp insiders own about US$14m worth of shares. That equates to 5.0% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders. It's certainly positive to see the recent insider purchases. And the longer term insider transactions also give us confidence. Insiders likely see value in First Bancorp shares, given these transactions (along with notable insider ownership of the company). So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. For example - First Bancorp has 1 warning sign we think you should be aware of. If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
