This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

The First Bancorp’s 2012 Earnings Per Share Up 7.0% Over 2011

Stocks in this article: FNLC

“Strong capital ratios and earnings enable us to maintain the dividend at $0.195 per share per quarter or $0.78 per share per year,” Mr. Ward observed. “We paid out 63.4% of earnings in 2012 compared to 68.4% in 2011, and our dividend yield was 4.74% at December 31, 2012, based on the year-end closing price of $16.47 per share. Our shareholders saw The First Bancorp’s stock increase 7.16% or $1.10 per share in 2012, and when the $0.78 per share annual dividend is added, our total return with dividends reinvested was 12.37%. For the same period, the Russell 2000 and Nasdaq Bank Indices (which we are included in), had total returns with dividends reinvested of 16.35% and 18.69%, respectively. The broad market, as measured by the S&P 500 index, had a total return with dividends reinvested of 16.00%.

“As noted previously, in the fourth quarter we completed the acquisition of the former Bank of American branch at 63 Union Street in Rockland, Maine,” President Daigneault said. “At the same time, we completed the purchase of the former Camden National building at 145 Exchange Street in Bangor where we are on track to open a full-service de-novo branch in late February as well as our fourth First Advisors office. We see these two purchases as an excellent opportunity to expand our strong presence in the Mid-Coast Maine market and to enter the expanding Northern Maine market.

“We are very pleased with 2012 and see many positives in our operating results,” President Daigneault concluded. “Net income is at a three-year high, credit quality is significantly improved, our capital ratios are strong and our shareholders saw a 12.37% total return on their investment for the year. Our results compare favorably to our UBPR peer group, and the national and local economies are relatively stable. We look forward to the new opportunities that Bangor and Rockland will provide in 2013.”

3 of 6

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs