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The First Bancorp Inc.: 4Q Earnings Snapshot

DAMARISCOTTA, Maine (AP) _ The First Bancorp Inc. (FNLC) on Wednesday reported fourth-quarter earnings of $6.7 million.

The bank, based in Damariscotta, Maine, said it had earnings of 61 cents per share.

The bank posted revenue of $23.6 million in the period. Its revenue net of interest expense was $17.3 million, surpassing Street forecasts.

For the year, the company reported profit of $25.5 million, or $2.34 per share. Revenue was reported as $66.7 million.

The First Bancorp Inc. shares have dropped 1% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $29.86, a rise of 16% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FNLC at https://www.zacks.com/ap/FNLC