The First Bancorp Reports Third Quarter Results

The First Bancorp

, today announced unaudited results for the quarter ended September 30, 2010. Net income was $3.2 million, up $305,000 or 10.6% from the same period in 2009, and earnings per common share on a fully diluted basis of $0.29 were up $0.03 or 11.5% from the same period in 2009. Compared to the previous quarter, net income was up $35,000 or 1.1% and earnings per common share on a fully diluted basis were unchanged at $0.29. The Company also announced unaudited results for the nine months ended September 30, 2010. Net income was $9.0 million, down $1.3 million or 12.9% from the same period in 2009. Earnings per common share on a fully diluted basis were $0.82 for the nine months ended September 30, 2010, down $0.16 or 16.3% from the $0.98 posted in the same period in 2009.