The First Bancorp, parent company of First National Bank, July 20 announced operating results for the quarter ended June 30, 2016. Net income was $4.6 million, up $550,000, or 13.5 percent, from the second quarter of 2015 and earnings per common share on a fully diluted basis of $0.43 were up $0.05, or 13.2 percent, from the same period in 2015.

The company also announced unaudited results for the six months ended June 30, 2016. Net income was $9.1 million, up $878,000, or 10.6 percent, from the same period in 2015 and earnings per common share on a fully diluted basis of $0.84 were up $0.07, or 9.1 percent, from the same period in 2015.

“This was the best quarter in the company’s history,” Tony C. McKim, president and CEO, observed, “with net income $121,000 above the record set in the first quarter of this year. It was also the fourth of the past six quarters which set a new net income record. Increased net interest income has been the key element in our strong performance in 2016, and has been driven by strong growth in earning assets. We also increased the dividend in the second quarter to 23 cents per share per quarter and we continue to pay out more than half of our net income to our shareholders in the form of cash dividends."

For more information, contact F. Stephen Ward, treasurer and chief financial officer, at 563.3272.