First Bancorp Stock (NASDAQ:FNLC), Trade Ideas

First Bancorp

First Bancorp Inc is a Damariscotta-based bank holding company providing a range of retail and commercial banking services including deposit accounts and consumer, commercial and mortgage loans. The company provides investment management and private banking services through an operating division of the bank. Its revenues are generally derived from dividends paid to the company by the bank.

First Bancorp Inc

Earnings

News

FNLC

The First Bancorp Q1 EPS $0.54  vs $0.72 YoY

The First Bancorp 2023 Total Deposits Grew 9.3% To $2.6B YoY

<p>By the close of today, January 19, 2024, <b>First Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FNLC#NASDAQ">FNLC</a>)</b> will issue a dividend payout of $0.35 per share, resulting in an annualized dividend yield of 5.00%. This payout is exclusively for shareholders who held the stock before the ex-dividend date on January 05, 2024.</p>
<h3>First Bancorp Recent Dividend Payouts</h3>
<style>
        table {
            width: 100%;
            border-collapse: collapse;
            font-family: Arial, sans-serif;
            font-size: 14px;
        }

        th, td {
            padding: 8px;
            text-align: left;
        }

        th {
            background-color: #293a5a;
            color: #fff;
            text-align: left;
        }

        tr:nth-child(even) {
            background-color: #f2f4f8;
        }

        tr:hover {
            background-color: #e1e4ea;
        }

        td:nth-child(3), td:nth-child(5) {
            text-align: left;
        }

        .dividend-amount {
            font-weight: bold;
            color: #0d6efd;
        }

        .dividend-frequency {
            font-size: 12px;
            color: #6c757d;
        }
    </style><table>
<thead>
<tr>
<th><strong>Ex-Date</strong></th>
<th style="text-align: right;"><strong>Payments per year</strong></th>
<th><strong>Dividend</strong></th>
<th><strong>Yield</strong></th>
<th><strong>Announced</strong></th>
<th><strong>Record</strong></th>
<th><strong>Payable</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>2024-01-05</td>
<td style="text-align: right;">4</td>
<td>$0.35</td>
<td>5.0%</td>
<td>2023-12-21</td>
<td>2024-01-08</td>
<td>2024-01-19</td>
</tr>
<tr>
<td>2023-10-06</td>
<td style="text-align: right;">4</td>
<td>$0.35</td>
<td>5.99%</td>
<td>2023-09-28</td>
<td>2023-10-10</td>
<td>2023-10-20</td>
</tr>
<tr>
<td>2023-07-07</td>
<td style="text-align: right;">4</td>
<td>$0.35</td>
<td>5.78%</td>
<td>2023-06-29</td>
<td>2023-07-10</td>
<td>2023-07-20</td>
</tr>
<tr>
<td>2023-04-06</td>
<td style="text-align: right;">4</td>
<td>$0.34</td>
<td>5.18%</td>
<td>2023-03-30</td>
<td>2023-04-10</td>
<td>2023-04-20</td>
</tr>
<tr>
<td>2023-01-06</td>
<td style="text-align: right;">4</td>
<td>$0.34</td>
<td>4.54%</td>
<td>2022-12-15</td>
<td>2023-01-09</td>
<td>2023-01-20</td>
</tr>
<tr>
<td>2022-10-04</td>
<td style="text-align: right;">4</td>
<td>$0.34</td>
<td>4.76%</td>
<td>2022-09-21</td>
<td>2022-10-05</td>
<td>2022-10-21</td>
</tr>
<tr>
<td>2022-07-08</td>
<td style="text-align: right;">4</td>
<td>$0.34</td>
<td>4.55%</td>
<td>2022-06-30</td>
<td>2022-07-11</td>
<td>2022-07-22</td>
</tr>
<tr>
<td>2022-04-08</td>
<td style="text-align: right;">4</td>
<td>$0.32</td>
<td>4.26%</td>
<td>2022-03-31</td>
<td>2022-04-11</td>
<td>2022-04-22</td>
</tr>
<tr>
<td>2022-01-07</td>
<td style="text-align: right;">4</td>
<td>$0.32</td>
<td>4.04%</td>
<td>2021-12-30</td>
<td>2022-01-10</td>
<td>2022-01-21</td>
</tr>
<tr>
<td>2021-10-08</td>
<td style="text-align: right;">4</td>
<td>$0.32</td>
<td>4.34%</td>
<td>2021-09-30</td>
<td>2021-10-12</td>
<td>2021-10-22</td>
</tr>
<tr>
<td>2021-07-07</td>
<td style="text-align: right;">4</td>
<td>$0.32</td>
<td>4.28%</td>
<td>2021-06-24</td>
<td>2021-07-08</td>
<td>2021-07-19</td>
</tr>
<tr>
<td>2021-04-05</td>
<td style="text-align: right;">4</td>
<td>$0.31</td>
<td>4.42%</td>
<td>2021-03-25</td>
<td>2021-04-06</td>
<td>2021-04-16</td>
</tr>
</tbody>
</table>
<p>With a dividend yield that places it neither at the top nor the bottom, First Bancorp finds itself in the middle among its industry peers, while <b>First of Long Island (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLIC#NASDAQ">FLIC</a>)</b> boasts the highest annualized dividend yield at 6.85%.</p>
<h3>Analyzing First Bancorp Financial Health</h3>
<p>Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. </p>
<h3>YoY Growth in Dividend Per Share</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1705676720_0.png" alt="dividend chart graph" /></p>
<p>From 2020 to 2023, the company's dividend per share showed a positive trend, increasing steadily from $1.23 in 2020 to $1.39 in 2023. This demonstrates the company's commitment to rewarding shareholders by consistently raising dividends.</p>
<h3>YoY Earnings Growth For First Bancorp</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1705676720_1.png" alt="earning chart graph" /></p>
<p>The earnings chart illustrates an increase in First Bancorp's earnings per share, from $2.46 in 2020 to $2.89 in 2023. This positive earnings growth provides income-seeking investors with optimism, as it suggests potential for higher cash dividend payouts in the future.</p>
<h3>Recap</h3>
<p>This article delves into the recent dividend payout of First Bancorp and its implications for shareholders. Presently, the company is distributing a dividend of $0.35 per share, leading to an annualized dividend yield of 5.00%.</p>
<p>With a dividend yield that places it neither at the top nor the bottom, First Bancorp finds itself in the middle among its industry peers, while First of Long Island boasts the highest annualized dividend yield at 6.85%.</p>
<p>Considering the increase in dividend per share from 2020 to 2023 along with an increase in earnings per share, First Bancorp appears to be in a strong financial position, indicating their ability to sustain dividend distributions to investors.</p>
<p>Investors should closely follow the company's performance in the coming quarters to stay up-to-date on any shifts in financials or dividend disbursements.</p>
<p>[See current stock movements First Bancorp on Benzinga.](https://www.benzinga.com/quote/<b>First Bancorp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fnlc#NASDAQ">FNLC</a>)</b>)</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Dividends

FLIC

Elevating Investor Returns: First Bancorp Delivers Strong Performance and Growing Profits

<p>Thursday marks the last chance for investors to receive the next  dividend payout from <strong>First Bancorp</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FNLC#NASDAQ">FNLC</a>). </p>
<h3>What's Happening</h3>
<p>The company announced on Thursday that it would pay shareholders a quarterly dividend of 35 cents per share. On Friday, First Bancorp will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 35 cents lower than it would have opened on any other day.</p>
<p>In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own FNLC as of the end of Thursday's session are eligible to receive the 35 cents dividend payout for every share that they own. </p>
<p>According to the company, this dividend will be paid out to shareholders on January 19, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. </p>
<p>To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar. </p>


First Bancorp: Dividend Insights

<p>As the day concludes, <b>First Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FNLC#NASDAQ">FNLC</a>)</b> is preparing to distribute a dividend payout of $0.35 per share, resulting in an annualized dividend yield of 5.99%. This payout is exclusive to investors who held the stock before the ex-dividend date on October 06, 2023.</p>
<h3>First Bancorp Recent Dividend Payouts</h3>
<style>
        table {
            width: 100%;
            border-collapse: collapse;
            font-family: Arial, sans-serif;
            font-size: 14px;
        }

        th, td {
            padding: 8px;
            text-align: left;
        }

        th {
            background-color: #293a5a;
            color: #fff;
            text-align: left;
        }

        tr:nth-child(even) {
            background-color: #f2f4f8;
        }

        tr:hover {
            background-color: #e1e4ea;
        }

        td:nth-child(3), td:nth-child(5) {
            text-align: left;
        }

        .dividend-amount {
            font-weight: bold;
            color: #0d6efd;
        }

        .dividend-frequency {
            font-size: 12px;
            color: #6c757d;
        }
    </style><table>
<thead>
<tr>
<th><strong>Ex-Date</strong></th>
<th align="right"><strong>Payments per year</strong></th>
<th><strong>Dividend</strong></th>
<th><strong>Yield</strong></th>
<th><strong>Announced</strong></th>
<th><strong>Record</strong></th>
<th><strong>Payable</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>2023-10-06</td>
<td align="right">4</td>
<td>$0.35</td>
<td>5.99%</td>
<td>2023-09-28</td>
<td>2023-10-10</td>
<td>2023-10-20</td>
</tr>
<tr>
<td>2023-07-07</td>
<td align="right">4</td>
<td>$0.35</td>
<td>5.78%</td>
<td>2023-06-29</td>
<td>2023-07-10</td>
<td>2023-07-20</td>
</tr>
<tr>
<td>2023-04-06</td>
<td align="right">4</td>
<td>$0.34</td>
<td>5.18%</td>
<td>2023-03-30</td>
<td>2023-04-10</td>
<td>2023-04-20</td>
</tr>
<tr>
<td>2023-01-06</td>
<td align="right">4</td>
<td>$0.34</td>
<td>4.54%</td>
<td>2022-12-15</td>
<td>2023-01-09</td>
<td>2023-01-20</td>
</tr>
<tr>
<td>2022-10-04</td>
<td align="right">4</td>
<td>$0.34</td>
<td>4.76%</td>
<td>2022-09-21</td>
<td>2022-10-05</td>
<td>2022-10-21</td>
</tr>
<tr>
<td>2022-07-08</td>
<td align="right">4</td>
<td>$0.34</td>
<td>4.55%</td>
<td>2022-06-30</td>
<td>2022-07-11</td>
<td>2022-07-22</td>
</tr>
<tr>
<td>2022-04-08</td>
<td align="right">4</td>
<td>$0.32</td>
<td>4.26%</td>
<td>2022-03-31</td>
<td>2022-04-11</td>
<td>2022-04-22</td>
</tr>
<tr>
<td>2022-01-07</td>
<td align="right">4</td>
<td>$0.32</td>
<td>4.04%</td>
<td>2021-12-30</td>
<td>2022-01-10</td>
<td>2022-01-21</td>
</tr>
<tr>
<td>2021-10-08</td>
<td align="right">4</td>
<td>$0.32</td>
<td>4.34%</td>
<td>2021-09-30</td>
<td>2021-10-12</td>
<td>2021-10-22</td>
</tr>
<tr>
<td>2021-07-07</td>
<td align="right">4</td>
<td>$0.32</td>
<td>4.28%</td>
<td>2021-06-24</td>
<td>2021-07-08</td>
<td>2021-07-19</td>
</tr>
<tr>
<td>2021-04-05</td>
<td align="right">4</td>
<td>$0.31</td>
<td>4.42%</td>
<td>2021-03-25</td>
<td>2021-04-06</td>
<td>2021-04-16</td>
</tr>
<tr>
<td>2021-01-05</td>
<td align="right">4</td>
<td>$0.31</td>
<td>4.88%</td>
<td>2020-12-17</td>
<td>2021-01-06</td>
<td>2021-01-19</td>
</tr>
</tbody>
</table>
<p>With a dividend yield that places it neither at the top nor the bottom, First Bancorp finds itself in the middle among its industry peers, while <b>First of Long Island (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLIC#NASDAQ">FLIC</a>)</b> boasts the highest annualized dividend yield at 8.00%.</p>
<h3>Analyzing First Bancorp Financial Health</h3>
<p>Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. </p>
<h3>YoY Growth in Dividend Per Share</h3>
<p><img src="https://www.benzinga.com/files/images/story/2023/1697814307_0.png" alt="dividend chart graph" /></p>
<p>As you can see, from 2019 to 2022, investors saw an average increase in the company's dividend per share, rising from $1.19 in 2019 to $1.34 in 2022. This is good for investors because it shows that the company has steadily returned more capital back to their shareholders and it could mean that they are planning to continue increasing dividends.</p>
<h3>YoY Earnings Growth For First Bancorp</h3>
<p><img src="https://www.benzinga.com/files/images/story/2023/1697814307_1.png" alt="earning chart graph" /></p>
<p>From 2019 to 2022, First Bancorp experienced a growth in earnings per share, with an increase from $2.33 to $3.57. This positive earnings trend indicates the company's potential to enhance their cash dividend payout, which can benefit income-seeking investors.</p>
<h3>Recap</h3>
<p>This article delves into the recent dividend payout of First Bancorp and its implications for shareholders. Presently, the company is distributing a dividend of $0.35 per share, leading to an annualized dividend yield of 5.99%.</p>
<p>With a dividend yield that places it neither at the top nor the bottom, First Bancorp finds itself in the middle among its industry peers, while First of Long Island boasts the highest annualized dividend yield at 8.00%.</p>
<p>Considering the increase in dividend per share from 2019 to 2022 along with an increase in earnings per share, First Bancorp appears to be in a strong financial position, indicating their ability to sustain dividend distributions to investors.</p>
<p>Investors are advised to closely monitor the company's performance in the upcoming quarters to stay informed about any fluctuations in financials or dividend disbursements.</p>
<p>\To read more news on First Bancorp <a href="https://www.benzinga.com/stock//">click here</a></p>
<p><a href="https://www.benzinga.com/calendars/dividends">Click here</a> to visit our Dividends Calendar.  </p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Surpassing Expectations: First Bancorp Unleashes Growth Potential and Rewards Investors

<p>By the close of today, July 20, 2023, <b>First Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FNLC#NASDAQ">FNLC</a>)</b> will issue a dividend payout of $0.35 per share, resulting in an annualized dividend yield of 5.78%. Only those investors who owned the stock prior to the ex-dividend date on July 07, 2023 will receive this payout.</p>
<h3>First Bancorp Recent Dividend Payouts</h3>
<style>
        table {
            width: 100%;
            border-collapse: collapse;
            font-family: Arial, sans-serif;
            font-size: 14px;
        }

        th, td {
            padding: 8px;
            text-align: left;
        }

        th {
            background-color: #293a5a;
            color: #fff;
            text-align: left;
        }

        tr:nth-child(even) {
            background-color: #f2f4f8;
        }

        tr:hover {
            background-color: #e1e4ea;
        }

        td:nth-child(3), td:nth-child(5) {
            text-align: left;
        }

        .dividend-amount {
            font-weight: bold;
            color: #0d6efd;
        }

        .dividend-frequency {
            font-size: 12px;
            color: #6c757d;
        }
    </style><table>
<thead>
<tr>
<th><strong>Ex-Date</strong></th>
<th align="right"><strong>Payments per year</strong></th>
<th><strong>Dividend</strong></th>
<th><strong>Yield</strong></th>
<th><strong>Announced</strong></th>
<th><strong>Record</strong></th>
<th><strong>Payable</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>2023-07-07</td>
<td align="right">4</td>
<td>$0.35</td>
<td>5.78%</td>
<td>2023-06-29</td>
<td>2023-07-10</td>
<td>2023-07-20</td>
</tr>
<tr>
<td>2023-04-06</td>
<td align="right">4</td>
<td>$0.34</td>
<td>5.18%</td>
<td>2023-03-30</td>
<td>2023-04-10</td>
<td>2023-04-20</td>
</tr>
<tr>
<td>2023-01-06</td>
<td align="right">4</td>
<td>$0.34</td>
<td>4.54%</td>
<td>2022-12-15</td>
<td>2023-01-09</td>
<td>2023-01-20</td>
</tr>
<tr>
<td>2022-10-04</td>
<td align="right">4</td>
<td>$0.34</td>
<td>4.76%</td>
<td>2022-09-21</td>
<td>2022-10-05</td>
<td>2022-10-21</td>
</tr>
<tr>
<td>2022-07-08</td>
<td align="right">4</td>
<td>$0.34</td>
<td>4.55%</td>
<td>2022-06-30</td>
<td>2022-07-11</td>
<td>2022-07-22</td>
</tr>
<tr>
<td>2022-04-08</td>
<td align="right">4</td>
<td>$0.32</td>
<td>4.26%</td>
<td>2022-03-31</td>
<td>2022-04-11</td>
<td>2022-04-22</td>
</tr>
<tr>
<td>2022-01-07</td>
<td align="right">4</td>
<td>$0.32</td>
<td>4.04%</td>
<td>2021-12-30</td>
<td>2022-01-10</td>
<td>2022-01-21</td>
</tr>
<tr>
<td>2021-10-08</td>
<td align="right">4</td>
<td>$0.32</td>
<td>4.34%</td>
<td>2021-09-30</td>
<td>2021-10-12</td>
<td>2021-10-22</td>
</tr>
<tr>
<td>2021-07-07</td>
<td align="right">4</td>
<td>$0.32</td>
<td>4.28%</td>
<td>2021-06-24</td>
<td>2021-07-08</td>
<td>2021-07-19</td>
</tr>
<tr>
<td>2021-04-05</td>
<td align="right">4</td>
<td>$0.31</td>
<td>4.42%</td>
<td>2021-03-25</td>
<td>2021-04-06</td>
<td>2021-04-16</td>
</tr>
<tr>
<td>2021-01-05</td>
<td align="right">4</td>
<td>$0.31</td>
<td>4.88%</td>
<td>2020-12-17</td>
<td>2021-01-06</td>
<td>2021-01-19</td>
</tr>
<tr>
<td>2020-10-05</td>
<td align="right">4</td>
<td>$0.31</td>
<td>6.41%</td>
<td>2020-09-24</td>
<td>2020-10-06</td>
<td>2020-10-16</td>
</tr>
</tbody>
</table>
<p>In terms of dividend yield, First Bancorp finds itself in the middle ground among its industry peers, while <b>Financial Institutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FISI#NASDAQ">FISI</a>)</b> takes the lead with the highest annualized dividend yield at 6.87%.</p>
<h3>Analyzing First Bancorp Financial Health</h3>
<p>Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. </p>
<h3>YoY Growth in Dividend Per Share</h3>
<p><img src="https://www.benzinga.com/files/images/story/2023/1689865515_0.png" alt="dividend chart graph" /></p>
<p>As you can see, from 2019 to 2022, investors saw an average increase in the company's dividend per share, rising from $1.19 in 2019 to $1.34 in 2022. This is good for investors because it shows that the company has steadily returned more capital back to their shareholders and it could mean that they are planning to continue increasing dividends.</p>
<h3>YoY Earnings Growth For First Bancorp</h3>
<p><img src="https://www.benzinga.com/files/images/story/2023/1689865515_1.png" alt="earning chart graph" /></p>
<p>From 2019 to 2022, First Bancorp has demonstrated an upward trend in earnings, with earnings per share rising from $2.33 to $3.57. This positive earnings growth bodes well for investors looking to generate income through cash dividend payouts.</p>
<h3>Recap</h3>
<p>In this article, we explore the recent dividend payout of First Bancorp and its significance for shareholders. The company has decided to distribute a dividend of $0.35 per share today, which equates to an annualized dividend yield of 5.78%.</p>
<p>In terms of dividend yield, First Bancorp finds itself in the middle ground among its industry peers, while Financial Institutions takes the lead with the highest annualized dividend yield at 6.87%.</p>
<p>Given that First Bancorp has experienced an increase in dividend per share from 2019 to 2022 along with an increase in earnings per share, it could signal that the company is in good financial standing and that they could be positioned to continue distributing their profits back to their investors.</p>
<p>Investors should closely follow the company's performance in the coming quarters to stay up-to-date on any shifts in financials or dividend disbursements.</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


FISI

Achieving Growth and Investor Rewards: First Bancorp Flourishes with Strong Performance and Rising Profits

<p>First Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FNLC#NASDAQ">FNLC</a>) reported quarterly earnings of $0.67 per share. This is a 26.37 percent decrease over earnings of $0.91 per share from the same period last year.</p>


First Bancorp Q2 EPS $0.67 Down From $0.91 YoY

<p>Thursday marks the last chance for investors to receive the next  dividend payout from <strong>First Bancorp</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FNLC#NASDAQ">FNLC</a>). </p>
<h3>What's Happening</h3>
<p>The company announced on Thursday that it would pay shareholders a quarterly dividend of 35 cents per share. On Friday, First Bancorp will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 35 cents lower than it would have opened on any other day.</p>
<p>In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own FNLC as of the end of Thursday's session are eligible to receive the 35 cents dividend payout for every share that they own. </p>
<p>According to the company, this dividend will be paid out to shareholders on July 20, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. </p>
<p>To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar. </p>


<p>First Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FNLC#NASDAQ">FNLC</a>) reported quarterly earnings of $0.72 per share. This is a 18.18 percent decrease over earnings of $0.88 per share from the same period last year.</p>


First Bancorp Q1 EPS $0.72 Down From $0.88 YoY

<p>Wednesday marks the last chance for investors to receive the next  dividend payout from <strong>First Bancorp</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FNLC#NASDAQ">FNLC</a>). </p>
<h3>What's Happening</h3>
<p>The company announced on Thursday that it would pay shareholders a quarterly dividend of 34 cents per share. On Thursday, First Bancorp will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 34 cents lower than it would have opened on any other day.</p>
<p>In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own FNLC as of the end of Wednesday's session are eligible to receive the 34 cents dividend payout for every share that they own. </p>
<p>According to the company, this dividend will be paid out to shareholders on April 20, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. </p>
<p><a href="https://www.benzinga.com/stock//dividends">Click here</a> to find details on First Bancorp's previous dividends.</p>
<p>To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.  </p>


First Bancorp's Ex-Dividend Date Is Thursday, Here's What You Need To Know

<p>The First Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FNLC#NASDAQ">FNLC</a>), parent company of First National Bank, today announced operating results for the year ended December 31, 2022. Unaudited net income was&nbsp;$39.0 million, an increase of&nbsp;7.5%&nbsp;from the&nbsp;$36.3 million&nbsp;reported for the year ended December 31, 2021. Net of non-recurring Payroll Protection Program (PPP) revenue, unaudited net income for 2022 was up&nbsp;14.6%&nbsp;over 2021. Earnings per common share on a fully diluted basis were up&nbsp;$0.23&nbsp;to&nbsp;$3.53&nbsp;per share, an increase of&nbsp;7.0%&nbsp;from the prior year. The Company also announced operating results for the three months ended December 31, 2022. Unaudited net income was&nbsp;$9.2 million, a decrease of&nbsp;3.7%&nbsp;from the final three months of 2021. Net of non-recurring PPP revenue, unaudited net income for the three months ended December 31, 2022 was up&nbsp;6.3%&nbsp;from the same period in 2021. Earnings per share on a fully diluted basis for the&nbsp;fourth quarter&nbsp;of 2022 were&nbsp;$0.83, down&nbsp;$0.04&nbsp;or&nbsp;4.6%&nbsp;from the&nbsp;fourth quarter&nbsp;of 2021.</p>
<p>&quot;I&#39;m pleased to report that The First Bancorp closed 2022 with record annual earnings of&nbsp;$39.0 million,&quot; commented Tony C. McKim, the Company&#39;s President and Chief Executive Officer. &quot;Driving our 2022 earnings performance was a&nbsp;14.9%&nbsp;year-over-year increase in net interest income before loan loss provision which resulted from loan growth of&nbsp;$267.0 million&nbsp;or&nbsp;16.2%&nbsp;for the year. Our net interest margin for the year was&nbsp;3.15%, up from&nbsp;2.95%&nbsp;in 2021. The increase in annual net interest income helped to mitigate a sharp reduction in mortgage banking revenue from the prior year. Operating costs remained largely in check as demonstrated by an efficiency ratio of&nbsp;45.96%&nbsp;for the year.&quot;</p>
<p>Mr. McKim continued, &quot;In the&nbsp;fourth quarter&nbsp;of 2022, the Company had net income of&nbsp;$9.2 million&nbsp;as compared to net income of&nbsp;$9.5 million&nbsp;in the&nbsp;fourth quarter&nbsp;of 2021. On a pre-tax, pre-provision basis (PTPP) (non-GAAP), net income for the&nbsp;fourth quarter&nbsp;of 2022 was&nbsp;$11.6 million&nbsp;compared to&nbsp;$9.6 million&nbsp;in the&nbsp;fourth quarter&nbsp;of 2021, when a reverse provision for loan losses of&nbsp;$2.0 million&nbsp;was recorded. Net interest income before loan loss provision in the&nbsp;fourth quarter&nbsp;of 2022 increased&nbsp;10.1%&nbsp;from the&nbsp;fourth quarter&nbsp;of 2021, a period which included&nbsp;$1.1 million&nbsp;in interest income attributable to PPP compared to zero in the&nbsp;fourth quarter&nbsp;of 2022. Non-interest income declined&nbsp;$952,000&nbsp;period-to-period attributable to mortgage banking revenue and recognition of certain one-time gains in the&nbsp;fourth quarter&nbsp;of 2021. Operating expenses for the&nbsp;fourth quarter&nbsp;of 2022 decreased by&nbsp;$1.1 million&nbsp;from the&nbsp;fourth quarter&nbsp;of 2021, the result of one-time expenses associated with the sale of loans recorded in the prior year period, and increased compensation costs.</p>
<p>&quot;Reflecting upon the year just concluded, a number of accomplishments stand out. We opened our eighteenth office in Brewer, Maine and look forward to serving that community for many years to come. A new online banking and mobile banking platform was introduced to enhance user experience and engagement. The Bank funded a total of&nbsp;$713 million&nbsp;in new loans in 2022 to benefit businesses and consumers across our footprint. Through donations, sponsorships and volunteerism we continue to support numerous causes and events throughout the State, and we were proud to announce a&nbsp;$300,000&nbsp;long-term commitment to the Maine Lobsterman&#39;s Association. Finally, we were pleased to be honored as a Piper Sandler Companies Sm-All Star for 2022, the only company in New England to be so honored. These accomplishments and many more are made possible by our team of more than 270 bankers whose efforts on behalf of our customers and communities continue to stand out each and every day.&quot;</p>
<p><strong>2022 FINANCIAL HIGHLIGHTS</strong></p>
<ul>
<li>Net income increased&nbsp;7.5%&nbsp;over 2021, setting a new high-mark for annual earnings.</li>
<li>Pre-tax, pre-provision net income (non-GAAP) increased&nbsp;12.9%&nbsp;compared to 2021.</li>
<li>Total assets increased&nbsp;$212.1 million, ending the year at&nbsp;$2.74 billion.</li>
<li>Total loans outstanding at December 31, 2022 were&nbsp;$1.91 billion, up&nbsp;$267.0 million&nbsp;or&nbsp;16.2%, year-over-year.</li>
<li>Total deposits as of December 31, 2022 totaled&nbsp;$2.38 billion, an increase of&nbsp;$255.6 million&nbsp;or&nbsp;12.0%&nbsp;year-over-year.</li>
<li>Efficiency Ratio (non-GAAP) was&nbsp;45.96%&nbsp;for 2022, down from&nbsp;47.81%&nbsp;in 2021 (the GAAP Efficiency Ratio was&nbsp;47.19%&nbsp;for the year, down from&nbsp;49.19%&nbsp;in 2021).</li>
</ul>
<p><strong>FINANCIAL CONDITION</strong></p>
<p>Total assets at December 31, 2022 were&nbsp;$2.74 billion, up&nbsp;$212.1 million&nbsp;from the prior year end. Earning assets increased&nbsp;$190.5 million&nbsp;year-over-year, as loan balances grew&nbsp;$267.0 million, interest-bearing cash balances declined by&nbsp;$63.0 million&nbsp;and investments declined by&nbsp;$13.7 million. Loan portfolio growth in 2022 was led by commercial real estate and construction loans which increased&nbsp;$137.7 million, including&nbsp;$25.5 million&nbsp;in the&nbsp;fourth quarter. Residential mortgage and construction loans increased&nbsp;$81.3 million&nbsp;year-over-year, other commercial loans increased&nbsp;$54.8 million&nbsp;and home equity line of credit balances increased by&nbsp;$2.9 million. Overall loan growth excluding PPP totaled&nbsp;$289.0 million, or&nbsp;17.8%&nbsp;for the year. PPP loan balances were near zero at year-end 2022.</p>
<p>Total deposits at December 31, 2022 were&nbsp;$2.38 billion, up&nbsp;$255.6 million&nbsp;or&nbsp;12.0%&nbsp;from December 31, 2021. Low-cost deposits decreased&nbsp;$31.6 million&nbsp;year-over-year centered in demand and NOW balances. Certificate of deposit balances increased&nbsp;$301.5 million&nbsp;year-over-year, while borrowed funds decreased by&nbsp;$32.9 million.</p>
<p>The Company&#39;s capital position remained strong as of December 31, 2022, with an estimated total risk-based capital ratio of&nbsp;13.65%, and an estimated leverage capital ratio of&nbsp;9.01%. These measures compare to&nbsp;14.27%&nbsp;and&nbsp;8.63%&nbsp;respectively as of December 31, 2021. The Company&#39;s tangible book value was&nbsp;$17.93&nbsp;per share as of December 31, 2022, a decrease from&nbsp;$19.52&nbsp;a year earlier, and up from&nbsp;$17.13&nbsp;as of September 30, 2022. The period to period changes are the result of changes in the unrealized loss position on available for sale securities. Removing the effect of these unrealized losses, the adjusted tangible book value (non-GAAP) as of these dates would have been&nbsp;$21.98&nbsp;as of December 31, 2022,&nbsp;$19.68&nbsp;as of December 31, 2021, and&nbsp;$21.44&nbsp;as of September 30, 2022.</p>
<p><strong>ASSET QUALITY &amp; PROVISION FOR LOAN LOSSES</strong></p>
<p>Asset quality continues to be strong and stable. As of December 31, 2022, the ratio of non-performing assets to total assets was&nbsp;0.06%, improved from&nbsp;0.23%&nbsp;a year earlier. The ratio of non-performing loans to total loans stood at&nbsp;0.09%, improved from&nbsp;0.35%&nbsp;at December 31, 2021. Net charge-offs as a percentage of loans were&nbsp;0.03%&nbsp;as of December 31, 2022, up slightly from&nbsp;0.02%&nbsp;in 2021 and down from&nbsp;0.10%&nbsp;in 2020. Past due loans were&nbsp;0.08%&nbsp;of total loans as of December 31, 2022, down from&nbsp;0.26%&nbsp;of total loans at December 31, 2021.</p>
<p>The allowance for loan losses stood at&nbsp;0.87%&nbsp;of total loans as of December 31, 2022, down modestly from&nbsp;0.94%&nbsp;of total loans at December 31, 2021. Management considers the allowance to be at an appropriate level given the strong asset quality metrics at year-end. As reported in the Company&#39;s earnings release for the&nbsp;third quarter&nbsp;of 2022, the Bank has no remaining active COVID-19 related modifications in its loan portfolio.</p>
<p><strong>OPERATING RESULTS</strong></p>
<p>Net income for the year ended December 31, 2022 was&nbsp;$39.0 million, up&nbsp;$2.7 million&nbsp;or&nbsp;7.5%&nbsp;from the year ended December 31, 2021. On a fully diluted earnings per share basis, 2022 earnings were&nbsp;$3.53, up&nbsp;$0.23&nbsp;or&nbsp;7.0%&nbsp;from the prior year. The Company&#39;s Return on Average Assets for the year ended December 31, 2022 was&nbsp;1.49%&nbsp;, up slightly from&nbsp;1.48%&nbsp;for the year ended December 31, 2021. On a PTPP (non-GAAP) basis, 2022 Return on Average Assets was&nbsp;1.87%, up from&nbsp;1.78%&nbsp;the prior year. Return on Average Tangible Common Equity was&nbsp;19.15%&nbsp;for the year ended December 31, 2022, up from&nbsp;17.64%&nbsp;for the year ended December 31, 2021. On a PTPP basis (non-GAAP), Return on Average Tangible Common Equity for 2022 was&nbsp;24.13%, up from&nbsp;21.18%&nbsp;in 2021. The Company&#39;s Efficiency Ratio (non-GAAP) was&nbsp;45.96%&nbsp;for the year ended December 31, 2022, improved from&nbsp;47.81%&nbsp;in 2021. (GAAP Efficiency Ratio was&nbsp;47.19%&nbsp;for the year ended December 31, 2022, down from&nbsp;49.19%&nbsp;in 2021.)</p>
<p>Contributing factors to the Company&#39;s 2022 annual and&nbsp;fourth quarter&nbsp;results included:</p>
<ul>
<li>Earning asset growth coupled with a wider balance sheet spread led to a&nbsp;$9.9 million&nbsp;increase in tax-equivalent net interest income year-over-year, an increase of&nbsp;14.4%. In the&nbsp;fourth quarter&nbsp;of 2022, tax equivalent net interest income was up&nbsp;$1.8 million&nbsp;from the same period in 2021, an increase of&nbsp;10.0%. The period-to-period increases include net reductions in PPP related interest income of&nbsp;$2.7 million&nbsp;for the year and&nbsp;$1.1 million&nbsp;in the&nbsp;fourth quarter.</li>
<li>Net interest margins improved to&nbsp;3.09%&nbsp;for the quarter ended December 31, 2022 and&nbsp;3.15%&nbsp;for the year then ended, as compared to&nbsp;3.00%&nbsp;and&nbsp;2.95%&nbsp;respectively for the same periods in 2021.</li>
<li>Non-interest income before net securities gains was&nbsp;$16.9 million&nbsp;for the year ended December 31, 2022, down&nbsp;$2.5 million&nbsp;or&nbsp;12.9%&nbsp;from 2021. The decrease in non-interest income is primarily attributable to a&nbsp;72.8%&nbsp;reduction in mortgage banking revenue from 2021, as higher interest rates dramatically slowed refinance activity from the elevated levels of the prior two years, and negatively impacted both gain on sale income and mortgage servicing rights valuation. Debit card revenue increased&nbsp;21.9%&nbsp;year-over-year, while a&nbsp;1.6%&nbsp;increase in revenues was achieved by First National Wealth Management, the Bank&#39;s trust and investment management division, despite adverse market conditions.</li>
<li>Non-interest expense for 2022 was&nbsp;$43.9 million, up&nbsp;$1.8 million&nbsp;or&nbsp;4.2%&nbsp;from 2021. Employee salary and benefit expense increased&nbsp;10.2%&nbsp;from the prior year, partially the result of increased staffing associated with the Bank&#39;s opening of a new branch. Occupancy expense, furniture &amp; equipment expense, and FDIC insurance premiums each had modest dollar increases from 2021. Other operating expenses decreased&nbsp;9.1%&nbsp;year-to-year attributable to loan sale expenses recognized in the&nbsp;fourth quarter&nbsp;of 2021.</li>
</ul>
<p><strong>DIVIDEND</strong></p>
<p>On December 15, 2022, the Company&#39;s Board of Directors declared a&nbsp;fourth quarter&nbsp;dividend of&nbsp;$0.34&nbsp;per share. The&nbsp;fourth quarter&nbsp;dividend represents a payout to shareholders of&nbsp;40.48%&nbsp;of earnings per share for the period, and will be paid on January 20, 2023 to shareholders of record as of January 9, 2023.</p>


The First Bancorp Reports Results For 2022; EPS Up $0.23 To $3.53 Per Share, An Increase Of 7% YoY

<p>Thursday marks the last chance for investors to receive the next  dividend payout from <strong>First Bancorp</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FNLC#NASDAQ">FNLC</a>). </p>
<h3>What's Happening</h3>
<p>The company announced on Thursday that it would pay shareholders a quarterly dividend of 34 cents per share. On Friday, First Bancorp will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 34 cents lower than it would have opened on any other day.</p>
<p>In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own FNLC as of the end of Thursday's session are eligible to receive the 34 cents dividend payout for every share that they own. </p>
<p>According to the company, this dividend will be paid out to shareholders on January 20, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. </p>
<p>To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar. </p>


Thursday Is Your Last Chance To Buy First Bancorp Before The Dividend Payout

<p>First Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FNLC#NASDAQ">FNLC</a>) reported quarterly earnings of $0.91 per share. This is a 10.98 percent increase over earnings of $0.82 per share from the same period last year.</p>


First Bancorp Q3 EPS $0.91 Up From $0.82 YoY

<p>Monday marks the last chance for investors to receive the next  dividend payout from <strong>First Bancorp</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FNLC#NASDAQ">FNLC</a>). </p>
<h3>What's Happening</h3>
<p>The company announced on Wednesday that it would pay shareholders a quarterly dividend of 34 cents per share. On Tuesday, First Bancorp will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 34 cents lower than it would have opened on any other day.</p>
<p>In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Tuesday. Shareholders who own FNLC as of the end of Monday's session are eligible to receive the 34 cents dividend payout for every share that they own. </p>
<p>According to the company, this dividend will be paid out to shareholders on October 21, 2022. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. </p>
<p>To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar. </p>


Monday Is Your Last Chance To Buy First Bancorp Before The Dividend Payout

<p>First Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FNLC#NASDAQ">FNLC</a>) reported quarterly earnings of $0.88 per share. This is a 8.64 percent increase over earnings of $0.81 per share from the same period last year.</p>


First Bancorp Q1 EPS $0.88 Up From $0.81 YoY

<p>First Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FNLC#NASDAQ">FNLC</a>) reported quarterly earnings of $0.87 per share. This is a 35.94 percent increase over earnings of $0.64 per share from the same period last year.</p>


First Bancorp Q4 EPS $0.87 Up From $0.64 YoY

<p>First Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FNLC#NASDAQ">FNLC</a>) reported quarterly earnings of $0.82 per share. This is a 26.15 percent increase over earnings of $0.65 per share from the same period last year.</p>


First Bancorp Q3 EPS $0.82 Up From $0.65 YoY

<p>First Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FNLC#NASDAQ">FNLC</a>) reported quarterly earnings of $0.80 per share. This is a 33.33 percent increase over earnings of $0.60 per share from the same period last year.</p>


First Bancorp Q2 EPS $0.80 Up From $0.60 YoY

<p>On June 24, 2021, <strong>First Bancorp</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FNLC#NASDAQ">FNLC</a>) declared a dividend payable on July 19, 2021 to its shareholders. First Bancorp also announced that shareholders on the company's books on or before July 8, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. First Bancorp has an ex-dividend date set for for July 7, 2021. The company's current dividend payout is $0.32, which equates to a dividend yield of 4.28% at current price levels. </p>
<h2>The Significance Of Ex-Dividend Dates</h2>
<p>An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.  </p>
<h2>Understanding First Bancorp's Dividend Performance</h2>
<p>Over the past year, First Bancorp has seen its dividend payouts climb upward and its yields trend downward. Last year on July 6, 2020 the company's payout sat at $0.31, which has since increased by $0.01. First Bancorp's dividend yield last year was 6.51%, which has since decreased by 2.23%.<br />
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.  </p>
<p>To read more news on First Bancorp <a href="https://www.benzinga.com/stock/fnlc/">click here</a>.  </p>


Analyzing First Bancorp's Ex-Dividend Date

<p>First Bancorp (NASDAQ:<a class="ticker" href="/stock/FNLC#NASDAQ">FNLC</a>) reported quarterly earnings of $0.81 per share. This is a 35 percent increase over earnings of $0.60 per share from the same period last year.</p>


First Bancorp Q1 EPS $0.81 Up From $0.60 YoY

Dividend Champion, Contender, And Challenger Highlights: Week Of December 31

First Bancorp: A Quality Balance Sheet Justifies The 1.6x TBV Share Price

Dividend Champion, Contender, And Challenger Highlights: Week Of January 14

First Bancorp GAAP EPS of $2.66, revenue of $80.64M

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>The allure of risk-averse stocks remains as pronounced as ever, given the current headwinds facing the stock market. This volatile environment and economic indicators clouded by uncertainty pave the way for an investment strategy rooted in caution yet poised for growth.</p>



<p>Drawing insights from the <em>GuruFocus</em> Screener, I have handpicked a collection of stocks with beta values under 0.5 and a GF Value Rank above 7. The low beta underscores these stocks&rsquo; immunity against market swings, offering stability in these challenging times. Meanwhile, the GF Value Rank, a unique blend of historical valuations, past achievements, and forward-looking growth expectations, highlights their latent upside. Hence, amidst the macroeconomic whirlwinds, these risk-averse stocks stand out as a testament to the savvy investor&rsquo;s quest for solidity in an unpredictable world.</p>



<h2>Newmont Mining (NEM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/09/costco-gold-bars1600-300x169.png" alt="Gold bars and Financial concept, studio shots. Costco's gold bars, cost stock"><div>Source: Misunseo / Shutterstock.com</div></div><p><strong>Newmont Mining</strong>&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/nem-stock-quote/"><strong>NEM</strong></a>) stands tall as a beacon of prosperity and resilience in the glittering realm of gold mining. Despite facing myriad operational challenges, from strikes and setbacks to wildfires, the company&rsquo;s strategic management tells a tale of unwavering resolve. Moreover, acquiring Newcrest assets is perhaps a masterstroke, infusing Newmont&rsquo;s portfolio with top-tier mines, unlocking synergies, and paving the way for sizeable cost efficiencies.</p>



<p>Navigating through the turbulence, Newmont emerges even stronger, with fourth quarter (Q4) revenues surpassing estimates by a whopping $613 million, and EPS outperforming expectations by six cents. Such stellar performance, underscored by a Non-GAAP EPS of $0.50 <a href="https://seekingalpha.com/news/4070202-newmont-non-gaap-eps-of-050-revenue-of-4b">and a 24% year-over-year (YOY)</a> surge in sales to $4 billion, positions Newmont on a golden pedestal. Additionally, with gold prices on an upward trajectory, <a href="https://www.mining.com/new-gold-unveils-three-year-plan-for-35-production-growth/">Newmont&rsquo;s forecast of 35%</a> production growth promises to enrich shareholder value.</p>



<h2>Tenable Holdings (TENB)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/hacker-laptop-cybersecurity-300x169.png" alt="An image of a hacker on a laptop with icons of messages and data behind him"><div>Source: jossnat / Shutterstock</div></div><p><strong>Tenable Holdings</strong>&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/tenb-stock-quote/"><strong>TENB</strong></a>) is often an overlooked cybersecurity firm, emerging as a fortress of innovation and resilience in its niche. With its cybersecurity offerings safeguarding over 40,000 enterprises globally, including a prestigious clientele encompassing over 60% of the Fortune 500, Tenable is a heavyweight that&rsquo;s tough to ignore.</p>



<p>The company has impressively grown its top-line by 27% on average in the past five years, demonstrating a remarkable blend of growth and efficiency. However, it isn&rsquo;t resting on its laurels, delivering another solid quarterly performance in Q4 2023. Its results were marked by an <a href="https://seekingalpha.com/news/4063925-tenable-stock-gains-as-customer-adds-drive-quarterly-results-beat-strong-profit-guidance">adjusted earnings of 25 cents per-share</a> on revenues of $213.3 million, comfortably beating analyst estimates. The addition of 597 new enterprise platform customers and <a href="https://seekingalpha.com/news/4063925-tenable-stock-gains-as-customer-adds-drive-quarterly-results-beat-strong-profit-guidance">156 net new six-figure customers in Q4</a> clearly indicates Tenable&rsquo;s growing appeal and market relevance. On top of that, it isn&rsquo;t ignoring its shareholders, having initiated a massive $100 million share buyback program in November.</p>



<h2>The First Bancorp (FNLC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/02/banking1011600-300x169.jpg" alt="A pink piggy bank sitting on three stacked textbooks with a green chalkboard in the background."><div>Source: Shutterstock</div></div><p>2023 was a challenging year for <a href="https://investorplace.com/industries/financial/bank/">bank stocks</a>, but <strong>The First Bancorp&rsquo;s </strong>(NASDAQ:<strong><a href="https://investorplace.com/stock-quotes/fnlc-stock-quote/">FNLC</a></strong>) effectively navigated market headwinds with aplomb. Its <a href="https://seekingalpha.com/pr/19601651-first-bancorp-reports-results-for-2023?hasComeFromMpArticle=false">total assets surged to $2.95 billion</a>, underpinned by a massive $207.5 million increase. Moreover, this trajectory is further mirrored in the expansion of total loans, which climbed by an impressive 9.3% YOY, indicative of First Bancorp&rsquo;s trust and reliability in the eyes of its customer base.</p>



<p>Despite the higher funding costs, <a href="https://seekingalpha.com/pr/19601651-first-bancorp-reports-results-for-2023?hasComeFromMpArticle=false">which resulted in a 24.3% decrease</a> in net income, the bank&rsquo;s strategic financial management remains extraordinary, with a low Non-Performing Assets to Total Assets ratio of 0.07%. Also, with a robust liquidity profile capable potentially covering more than 150% of uninsured deposits from day one, adds further to its allure.&nbsp; Furthermore, the bank&rsquo;s commitment to shareholder returns remains unwavering, with a forward dividend yield of 5.97% and a commendable five-year dividend growth rate of 11.1%.</p>



<h2>Empire Company (EMLAF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/08/retail-bear-market-300x169.jpg" alt="A stuffed teddy bear wearing a brown shirt in a grocery store shopping cart."><div>Source: Shutterstock</div></div><p><strong>Empire Company&nbsp;</strong>(OTCMKTS:<a href="https://investorplace.com/stock-quotes/emlaf-stock-quote/"><strong>EMLAF</strong></a>) has demonstrated resilience and growth potential in Canada&rsquo;s competitive food retail market. Despite cybersecurity incidents and execution issues in the past, EMLAF stock trades attractively at just 0.3 times forward sales estimates. Moreover, it <a href="https://seekingalpha.com/symbol/EMLAF/valuation/metrics">yields an enticing 2%</a>, 33.4% higher than its 5-year average.</p>



<p>Moreover, its fiscal 2024 second quarter (Q2) showed Empire&rsquo;s resolve with notable improvements. The strategic expansion of its FreshCo discount stores and investments in the Scene+ loyalty program promise greater customer engagement and improved competitive positioning.</p>



<p>Furthermore, the company&rsquo;s proactive approach to modernizing its supply chain addresses previous margin pressures, setting the stage for sustainable long-term growth. With a solid dividend profile and a strategic pivot towards cost efficiency, Empire is poised to deliver for long-term investors.</p>



<h2>Enterprise Products Partners (EPD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/03/oilandgasstocks1600-300x169.png" alt="Panorama of Oil and Gas central processing platform in twilight, offshore hard work occupation twenty four working hours. Best oil stocks to buy"><div>Source: Oil and Gas Photographer / Shutterstock.com</div></div><p><strong>Enterprise Products Partners</strong>&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/epd-stock-quote/"><strong>EPD</strong></a>) is a top player in traditional energy, offering key services across crude oil, natural gas, and natural liquid gas sectors. Though its stock is up modestly in the past year, EPD&rsquo;s attractive dividend yield of over 7.5% stands on the robust foundation of 25 years of consecutive payout growth as of 2023.</p>



<p>Furthermore, its financial performance has shown remarkable strength, with a notable sales bump to $14.6 billion, reflecting a 7.1% YOY increase. This financial vigor is shown by its <a href="https://seekingalpha.com/news/4061575-enterprise-products-partners-posts-q4-beat-15-rise-in-crude-pipeline-volumes">EPS surpassing expectations by four cents</a>, achieving a 72-cent outcome. Additionally, this milestone is complemented by a 5.1% hike in cash distribution following the completion of $3.5 billion in capital growth projects, underscoring its effective capital management and expansion strategy. Moreover, it successfully launched two new natural gas processing plants in the latter half of 2023 highlighting robust demand for EPD&rsquo;s services.</p>



<h2>Altria (MO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/cigarettes-300x169.jpg" alt="packs of cigarettes in convenience store rack"><div>Source: defotoberg / Shutterstock.com</div></div><p><strong>Altria&nbsp;</strong>(NYSE:<a href="https://investorplace.com/stock-quotes/mo-stock-quote/" target="_blank"><strong>MO</strong></a>) presents an appealing proposition for income investors, trading at just eight times forward cash flows while offering a healthy <a href="https://seekingalpha.com/symbol/MO/valuation/metrics">dividend yield of roughly 9.3%</a>. Despite encountering significant challenges, such as falling volumes due to sterner anti-smoking measures, it continues to report stable profits and maintain robust financial health.</p>



<p>Its financial resilience is shown by its commitment to shareholder returns by growing its adjusted diluted EPS by 2.3% in Q4. Moreover, its strategy to return value to shareholders was shown further by an allocation of roughly $7.8 billion towards dividends and share repurchases over the course of last year. Looking ahead, the company has set an adjusted diluted EPS growth target of 1% to 4% for the current year, with forecasts ranging between $5 to $5.15.</p>



<p>Furthermore, Altria continues to diversify its operations towards smoke-free alternatives by acquiring NJOY, a top smoke-free product company. Such acquisitions are likely to pay off immensely over the long term.</p>



<h2>Polaris Renweable Energy (RAMPF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/02/green-energy-bulb-300x169.png" alt="An image of a hand holding a light bulb wrapped in leaves, surrounded by green energy source icons"><div>Source: maeching chaiwongwatthana/Shutterstock</div></div><p><strong>Polaris Renewable Energy</strong>&nbsp;(OTCMKTS:<a href="https://investorplace.com/stock-quotes/rampf-stock-quote/"><strong>RAMPF</strong></a>) is a key player in the burgeoning Latin American renewable energy landscape. It boasts a diverse portfolio, including geothermal, hydroelectric, and photovoltaic solar projects. Most recently, it saw a 30% growth in power production, driven by its largest geothermal plant in Nicaragua, contributing 72% to its total power output. This growth is part of Polaris&rsquo;s broader strategy to substantially increase its EBITDA in the coming years, targeting $100 million by 2028, up from $60 million today.</p>



<p>Moreover, Polaris stock is attractive at current prices, trading at <a href="https://seekingalpha.com/symbol/RAMPF/valuation/metrics">a compelling 4.3 times cash flows</a>, significantly lower than its peers. Also, it offers a 6.6% dividend yield supported by strong cash flows. Furthermore, with major capital-intensive projects completed, Polaris is set for notable EBITDA growth from new projects in Panama and the Dominican Republic, significantly enhancing its top-line growth.</p>



<p><em>On the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a></em></p>
<div><p>Muslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor&rsquo;s of science degree in applied accounting from Oxford Brookes University.</p></div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2023/10/no-1-ai-investment-might-be-this-company-youve-never-heard-of/?cid=MKT764787&amp;eid=MKT771245">The #1 AI Investment Might Be This Company You&rsquo;ve Never Heard Of</a>
					</li>
																<li>
						<a href="https://investorplace.com/2023/07/elon-musks-project-omega-stuns-silicon-valley-insiders/?cid=MKT738510&amp;eid=MKT771236">Musk&rsquo;s &ldquo;Project Omega&rdquo; May Be Set to Mint New Millionaires. Here&rsquo;s How to Get In.</a>
					</li>
																<li>
						<a href="https://investorplace.com/2021/01/one-percenter-issues-urgent-warning/?cid=MKT499868&amp;eid=MKT793997">It doesn&rsquo;t matter if you have $500 or $5 million. Do this now.</a>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	
<p>The post <a href="https://investorplace.com/2024/02/7-wise-stock-picks-for-the-risk-averse-investor/">7 Wise Stock Picks for the Risk-Averse Investor</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

7 Wise Stock Picks for the Risk-Averse Investor

First Bancorp declares $0.35 dividend

This week, several dividend stocks are trading close to their 52-week lows. Here is a list of ten such stocks that are also reaching their ex-divid...

Ex-Dividend Date Nearing for These 10 Stocks – Week of April 8, 2024

Dividend Champion, Contender, And Challenger Highlights: Week Of April 14

First Bancorp GAAP EPS of $0.54, revenue of $18.52M

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p><strong>First Bancorp</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/fnlc-stock-quote/"><strong>FNLC</strong></a></span>) just reported results for the first quarter of 2024.</p><ul><li>First Bancorp reported earnings per share of 54 cents.</li><li>The company reported revenue of $18.52 million.</li></ul><div><p>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</p></div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2023/10/no-1-ai-investment-might-be-this-company-youve-never-heard-of/?cid=MKT764787&amp;eid=MKT771245">The #1 AI Investment Might Be This Company You&rsquo;ve Never Heard Of</a>
					</li>
																<li>
						<a href="https://investorplace.com/2023/07/elon-musks-project-omega-stuns-silicon-valley-insiders/?cid=MKT738510&amp;eid=MKT771236">Musk&rsquo;s &ldquo;Project Omega&rdquo; May Be Set to Mint New Millionaires. Here&rsquo;s How to Get In.</a>
					</li>
																<li>
						<a href="https://investorplace.com/2021/01/one-percenter-issues-urgent-warning/?cid=MKT499868&amp;eid=MKT793997">It doesn&rsquo;t matter if you have $500 or $5 million. Do this now.</a>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	<p>The post <a href="https://investorplace.com/earning-results/2024/04/fnlc-stock-earnings-first-bancorp-for-q1-of-2024/">FNLC Stock Earnings: First Bancorp Reported Results for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>