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PublishedApril 28, 2017
Camden National reports net quarterly income up 17 percent
Camden National Corp. reported net income for the first quarter of 2017 of $10.1 million and diluted earnings per share of $0.64 per share, representing an increase over the first quarter of 2016 of 17 percent and 14 percent, respectively. For the first quarter of 2017, the company's return on average assets was 1.05 percent, return on average tangible equity was 14.37 percent, and efficiency ratio was 58 ...
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PublishedApril 26, 2017
The First sets another quarterly record
The First Bancorp, parent company of First National Bank, has announced operating results for the three months ended March 31. Net income was $4.6 million, up $134,000, or 3.0 percent, from the first three months of 2016 and earnings per common share on a fully diluted basis of $0.43 were up $0.01, or 2.4 percent from the same period in 2016. “This was the best quarter in the company’s history,” Tony C. McKim, ...
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PublishedMarch 30, 2017
First National declares dividend for first quarter
The First Bancorp, parent company of First National Bank, March 23 declared a quarterly dividend of 23 cents per share. This first-quarter dividend is payable April 28 to shareholders of record as of April 6, and is equal to the regular dividend of 23 cents per share the company paid in the past three quarters. Based on the March 22 closing price of $25.59 per share, the annualized dividend of 92 cents per share ...
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PublishedFebruary 24, 2017
Bar Harbor Bank declares three-for-two stock split
Bar Harbor Bankshares, the parent company of Bar Harbor Bank & Trust, announced Feb. 23 that its Board of Directors declared a three-for-two split of its common stock, payable in the form of a large stock dividend. The three-for-two stock split as a large stock dividend is payable March 21 to its common stockholders of record at the close of business March 7. The additional shares will be distributed by the ...
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PublishedFebruary 13, 2017
Bar Harbor Bank & Trust announces 2016 earnings
Bar Harbor Bankshares Feb. 13 reported net income of $14.9 million in 2016. Earnings were relatively consistent with prior year-end, while 2016 earnings included charges of $2.7 million related to the Lake Sunapee Bank Group acquisition previously announced and the core system conversion that is expected to be completed in the second quarter of 2017. The report also included these highlights: Total assets ...
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PublishedFebruary 1, 2017
Camden National reports annual income
Camden National Corp., $3.9 billion bank holding company, reported net income for the fourth quarter of 2016 of $10.9 million and diluted earnings per share of $0.70 per share, which was consistent with the previous quarter's performance. For the year ended Dec. 31, the company reported net income of $40.1 million and diluted EPS of $2.57, representing a 91 percent increase in net income and a 49 percent increase ...
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PublishedJanuary 19, 2017
The First reports record results for 2016
The First Bancorp, parent company of First National Bank, Jan. 18 announced record operating results for the year ended Dec. 31. Net income was $18 million, up $1.8 million, or 11.1 percent, from the $16.2 million reported for the year ended Dec. 31, 2015. Earnings per common share on a fully diluted basis of $1.66 were up $0.15, or 9.9 percent, compared to 2015. The company also announced operating results for ...
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PublishedJanuary 16, 2017
Bar Harbor Bank completes merger with N.H. bank
Bar Harbor Bankshares, the holding company for Bar Harbor Bank & Trust, has successfully completed its merger with Lake Sunapee Bank Group, the holding company for Lake Sunapee Bank. The company is now the only community bank headquartered in northern New England with a market footprint in all three northern New England states of Maine, New Hampshire and Vermont. As a division of Bar Harbor Bank & Trust, Lake ...
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PublishedJanuary 6, 2017
Applications for Top Gun program due Jan. 12
The 2017 Top Gun entrepreneurial acceleration program will be starting again soon. The program uses mentoring, presentations, meetings and peer support in a dynamic combination that has helped many successful entrepreneurs grow their businesses from a good idea and a steady start toward real growth. It helps new businesses start the right way, and shows existing businesses ways to put life and strength into their ...
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PublishedDecember 29, 2016
The First declares first special dividend since 1998
The First Bancorp, parent of First National Bank, Dec. 22 declared a quarterly dividend of 23 centers per share, payable Jan. 31 to shareholders of record as of Jan. 6. The dividend is equal to the 23 cents per share the company paid in the past two quarters. Based on the Dec. 21 closing price of $31.64 per share, the annualized dividend of 92 cents per share translates into a yield of 2.91 percent. The bank also ...
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