This Day On The Street
Continue to site
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

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

“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

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 16,472.37 +200.36 1.23%
S&P 500 1,951.36 +27.54 1.43%
NASDAQ 4,707.7750 +80.6910 1.74%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs