Alex Twerdahl

Brett Rabatin

Brian Klock

Joe Gladue

- First Commerce Bancorp, Inc. reported **net income of $2.1 million** for the three months ending September 30, 2025, an **84.4% increase** from $1.1 million in the prior year period, and **$5.1 million** for the nine months ending September 30, 2025, up **50.6%** from $3.4 million in the same period of 2024.  **[765207_9b7dcebb48d14eb38b0deeec8e3a78bc_0]**  Basic earnings per common share were **$0.10** for Q3 2025 and **$0.25** for the nine months, compared to $0.05 and $0.15, respectively, in 2024.  **[765207_9b7dcebb48d14eb38b0deeec8e3a78bc_0]** 
- The company experienced significant balance sheet growth, with **total assets increasing 10.2% to $1.71 billion** and **total loans growing 12.7% to $1.40 billion** at September 30, 2025, compared to December 31, 2024.  **[765207_9b7dcebb48d14eb38b0deeec8e3a78bc_1]** **[765207_9b7dcebb48d14eb38b0deeec8e3a78bc_2]**  Total deposits also increased **9.2% to $1.28 billion** over the same period.  **[765207_9b7dcebb48d14eb38b0deeec8e3a78bc_1]** **[765207_9b7dcebb48d14eb38b0deeec8e3a78bc_2]** 
- Key performance metrics improved, with the annualized **return on average total assets rising to 0.48%** at September 30, 2025, from 0.31% a year prior, and the annualized **return on average shareholders’ equity increasing to 4.79%** from 2.56%.  **[765207_9b7dcebb48d14eb38b0deeec8e3a78bc_1]**  The **net interest margin expanded to 2.61%** at September 30, 2025, up from 2.35% at September 30, 2024.  **[765207_9b7dcebb48d14eb38b0deeec8e3a78bc_1]** 
- President & CEO Donald Mindiak attributed the increases in net income to leveraging excess capital through judicious loan underwriting and investing in higher-yielding investment securities, while maintaining sufficient liquidity.  **[765207_9b7dcebb48d14eb38b0deeec8e3a78bc_0]**  He also noted a **$0.24/share increase in book value to $8.63/share** at September 30, 2025, compared to December 31, 2024, coupled with an ongoing stock repurchase plan.  **[765207_9b7dcebb48d14eb38b0deeec8e3a78bc_0]**

First Commerce Bancorp, Inc. Reports Strong Q3 and Year-to-Date 2025 Financial Results

- **Net income** for Q3 2025 was **$9.1 million**, representing a **20.0% increase** from Q3 2024 and a **12.6% increase** from Q2 2025, with fully diluted earnings per share of **$0.81**.  **[765207_da9219388786432cb695e0cac6b6e968_0]** 
- The **Net Interest Margin** expanded to **2.70%** in Q3 2025, an increase of **38 basis points** from Q3 2024 and **18 basis points** from Q2 2025.  **[765207_da9219388786432cb695e0cac6b6e968_0]** 
- **Non-Maturity Deposits** grew by **$139.5 million** in Q3 2025, which allowed for a reduction in higher-cost wholesale time deposits and borrowings.  **[765207_da9219388786432cb695e0cac6b6e968_0]** 
- **Tangible Book Value per share** increased to **$21.74** as of September 30, 2025, up **7.3%** from Q3 2024, and the company declared a quarterly dividend of **$0.37 per share**.  **[765207_da9219388786432cb695e0cac6b6e968_0]** **[765207_da9219388786432cb695e0cac6b6e968_3]** 
- The **non-performing assets to total assets ratio** was **0.30%** as of September 30, 2025, compared to 0.19% as of June 30, 2025, and 0.08% as of September 30, 2024.  **[765207_da9219388786432cb695e0cac6b6e968_2]**

First Bancorp, Inc /ME/ (FNLC)