The First Bancorp, parent company of First National Bank,announced Jan. 23 operating results for the year ended Dec. 31, 2018.

Unaudited net income was $23.5 million, up $3.9 million, or 20.2 percent, from the $19.6 million reported for the year ended Dec. 31, 2017. Earnings per common share on a fully diluted basis were up $0.36 to $2.17 per share, an increase of 19.9 percent from the prior year.

The company also announced operating results for the three months ended Dec. 31, 2018. Unaudited net income was $6.4 million, up $1.3 million, or 25.1 percent, from the final three months of 2017, with earnings per share on a fully diluted basis for the quarter up $0.12 to $0.59, an increase of 25.5 percent from the same period in 2017.

For more information, contact Richard M. Elder, treasurer and chief financial officer, at 563-3195.