FNLC Overview

Validea's Growth Investor Model: The model, based on Martin Zweig's strategy, identifies growth stocks with accelerating earnings, reasonable valuations, and low debt, highlighting several stocks with improved ratings.

TrustCo Bank Corp NY (TRST): This small-cap value stock in the Regional Banks industry saw its rating increase from 69% to 85%, indicating strong interest based on its fundamentals and valuation.

First Bancorp Inc (FNLC): Another small-cap value stock, this one in the Money Center Banks industry, also improved its rating from 77% to 85%, reflecting positive underlying fundamentals.

United Community Banks Inc (UCB): This mid-cap value stock's rating rose from 69% to 85%, showcasing its strong fundamentals and valuation, similar to the trends observed in other highlighted stocks.

Quarterly Profit Increase: The First Bancorp Inc. reported a profit of $9.08 million for the third quarter, up from $7.57 million the previous year.

Earnings Per Share Growth: The earnings per share (EPS) rose to $0.81, compared to $0.68 in the same quarter last year.

Revenue Growth: The company's revenue increased by 22.3% to $20.05 million, up from $16.40 million a year ago.

Earnings Summary: Key figures include earnings of $9.08 million, EPS of $0.81, and revenue of $20.05 million, reflecting significant growth year-over-year.

Dividend Increase Announcement: First Bancorp, Inc. will raise its dividend to $0.37 on July 18, marking a 2.8% increase from last year, resulting in an annual yield of 5.5%, which is above industry standards.

Sustainability and Growth Outlook: The company has a strong history of stable dividends with a payout ratio of 57%, and while earnings growth has been modest at 1.0% per annum, the current dividend payments are well-supported by earnings, indicating potential for continued attractiveness as a dividend stock.

Dividend Announcement: The First Bancorp declared a quarterly cash dividend of 37 cents per share for Q2 2025, marking an increase of one cent from previous quarters and reflecting the company's commitment to shareholder returns.

Company Background: Headquartered in Damariscotta, Maine, The First Bancorp operates First National Bank, providing a range of banking products and services across several counties in Maine since its founding in 1864.