First Bancorp Full Year 2024 Earnings: EPS: US$2.45 (vs US$2.68 in FY 2023)

First Bancorp (NASDAQ:FNLC) Full Year 2024 Results

Key Financial Results

• Revenue: US$79.7m (flat on FY 2023).
• Net income: US$27.0m (down 8.4% from FY 2023).
• Profit margin: 34% (down from 37% in FY 2023).
• EPS: US$2.45 (down from US$2.68 in FY 2023).

FNLC Banking Performance Indicators

• Net interest margin (NIM): 2.29% (down from 2.49% in FY 2023).
• Cost-to-income ratio: 56.7% (up from 52.4% in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

First Bancorp shares are down 2.6% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of First Bancorp's balance sheet and an in-depth analysis of the company's financial position.

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