First Bancorp, the parent company of First Bank, reported their unaudited financial results for the second quarter of 2025. The company announced a net income of $38.6 million, or $0.93 per diluted share, for the three months ending June 30, 2025. This marks an increase from the $36.4 million, or $0.88 per diluted share, reported in the previous quarter, and a significant rise from the $28.7 million, or $0.70 per diluted share, for the same quarter in 2024. Total interest income for the quarter was $136.7 million, up from $132.7 million in the first quarter of 2025, and $128.8 million in the second quarter of 2024. Net interest income saw a rise to $96.7 million from $92.9 million in the prior quarter, and $81.1 million in the like quarter of the previous year. The company's net interest margin also expanded to 3.32%, representing an improvement from 3.25% in the previous quarter and 2.84% in the like quarter of 2024. Noninterest income recorded a slight decrease to $14.3 million from $14.6 million in the second quarter of 2024, but showed an increase from $12.9 million in the linked quarter. Noninterest expenses were $59.0 million, a small increase from $57.9 million in the previous quarter and $58.3 million in the same quarter last year. For the six months ending June 30, 2025, noninterest expenses totaled $116.9 million, a decrease from $117.5 million for the same period in 2024. Richard H. Moore, Chairman and CEO, highlighted the company's improved financial results, noting the expansion in net interest margin and disciplined expense management as key factors. The company reported growth in loans at an annualized rate of 6% for the quarter and an increase in its quarterly dividend to $0.23 per share as of June 30, 2025. The on-balance sheet liquidity ratio stood at 20.0% as of June 30, 2025.