First Bancorp reports Q4 EPS 72c, consensus 65c

Reports Q4 loan loss provision $3.4M vs. $4.0M revenue last year. Tangible book value per share was $20.94 at quarter end from $18.11 at previous quarter end. CEO Richard Moore stated, “This past year, our company had great success maintaining and strengthening our core banking relationships with our customers at a time when many banks struggled to do so. In 2024, we will continue to do what we do best – serve our customers and our communities – all while managing risk and taking advantage of any opportunities that come our way. I am proud of our steady and solid performance in 2023 and look forward to continued growth in 2024.”