First Bancorp Reports Q4 Net Income of $7.3 Million

DAMARISCOTTA, Maine -- First Bancorp Inc. (FNLC) announced net income of $7.3 million for its fourth fiscal quarter. The Damariscotta-based bank reported earnings per share of 65 cents, surpassing Street expectations.

FNLC's revenue for the quarter totaled $43.4 million, with revenue net of interest expense reaching $22 million.

For the full year, the company recorded a profit of $27 million ($2.43 per share) on revenue of $80.3 million.