The First Bancorp Declares First Quarter Dividend

DAMARISCOTTA, Maine--(BUSINESS WIRE)--March 27, 2025-- 

The First Bancorp $(FNLC)$, the parent company of First National Bank, today declared a quarterly cash dividend of 36 cents per share. This first quarter dividend is payable April 18, 2025 to shareholders of record as of April 8, 2025.

"I am pleased to announce that the Board of Directors has authorized a dividend of 36 cents per share for the first quarter of 2025," remarked President & Chief Executive Officer, Tony C. McKim. "The quarterly dividend has been and continues to be an important contributor to the value we offer our shareholders. Based on a closing price of $24.95 per share on March 26, 2025, the annualized dividend of $1.44 per share represents an attractive yield of 5.77%."

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

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    CONTACT:    The First Bancorp 

Richard M. Elder, EVP, Chief Financial Officer

207-563-3195

rick.elder@thefirst.com

(END) Dow Jones Newswires

March 27, 2025 16:15 ET (20:15 GMT)