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