The First Bancorp Inc. reports Q3 net income of $9.1 million and net interest income of $20.1 million

Reuters

10/23

The First Bancorp Inc. reports Q3 net income of $9.1 million and net interest income of $20.1 million

The First Bancorp Inc. reported net income of $9.1 million for the third quarter ended September 30, 2025, representing a 20.0% increase compared to $7.6 million in the third quarter of 2024 and a 12.6% increase from $8.1 million in the second quarter of 2025. Net interest income for the third quarter was $20.1 million, up 22.3% from $16.4 million in the same period last year and 9.0% higher than $18.5 million in the previous quarter. The net interest margin rose to 2.70%, compared to 2.32% in the third quarter of 2024 and 2.52% in the second quarter of 2025. Earning assets averaged a yield of 5.43% for the third quarter, while the average cost of total liabilities was 3.21%. Non-maturity deposits increased by nearly $140 million during the period. Net income for the nine months ended September 30, 2025, was $24.2 million.

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 Business Wire (Ref. ID: 20251022083189) on October 22, 2025, and is solely responsible for the information contained therein.

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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 Business Wire (Ref. 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