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The First Bancorp (FNLC) investor relations material
The First Bancorp Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net income for Q2 2026 was $9.6 million, up 18.6% year-over-year, with diluted EPS of $0.85, up 17.8%.
Year-to-date net income reached $18.6 million, a 22.5% increase from the prior year period.
Earnings growth was driven by net interest margin expansion, higher non-interest income, and disciplined expense control.
Return on Average Assets improved to 1.20% and Return on Average Tangible Common Equity to 14.67% for Q2 2026.
Financial highlights
Net interest income for Q2 2026 was $21.2 million, up 15.0% year-over-year.
Net interest margin expanded to 2.88%, a 36-basis point increase from Q2 2025.
Non-interest income rose 12.9% to $4.7 million, led by wealth management and debit card revenue.
Efficiency ratio improved to 50.33% from 52.39% in Q2 2025.
Tangible book value per share increased 11.0% to $23.25 year-over-year.
Outlook and guidance
Management expects continued strong local deposit inflow through year-end, supporting margin expansion.
The bank is positioned for continued growth as credit costs normalize.
- Q1 2026 net income up 27.1% year-over-year, with improved margins and strong capital position.FNLC
Q1 202610 May 2026 - Net income rose 27%, dividends increased, and all proposals passed amid ongoing strategic progress.FNLC
AGM 202629 Apr 2026 - Net income surged 27.2% to $34.4 million in 2025, with improved margins and strong capital ratios.FNLC
Q4 20256 Mar 2026 - 2025 saw record earnings, strong governance, and board-backed proposals for shareholder approval.FNLC
Proxy Filing6 Mar 2026 - 2024 saw lower earnings but continued asset growth, strong governance, and robust risk oversight.FNLC
Proxy Filing2 Dec 2025 - Net income up 22.6% year-over-year, margin expands to 2.70%, and efficiency ratio improves.FNLC
Q3 20257 Nov 2025 - Net income surged 30.7% year-over-year, with margin expansion and strong asset quality.FNLC
Q2 202511 Aug 2025 - Q3 net income surged 22.7% as loan growth and asset quality remained strong.FNLC
Q3 202413 Jun 2025 - Net income dropped 20.7% year-over-year, but Q2 saw improved loan growth and efficiency.FNLC
Q2 202413 Jun 2025
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