The First Bancorp Declares First Quarter Dividend

The Board of Directors of The First Bancorp (NASDAQ: FNLC), the parent
company of First National Bank, today declared a quarterly dividend of
29 cents per share. This first quarter dividend is payable April 30,
2019, to shareholders of record as of April 10, 2019. Based on the March
27, 2019 closing price of $25.02 per share, the annualized dividend of
$1.16 per share translates to a yield of 4.64%.

“The Company reported record earnings for 2018, with net income up $3.9
million, or 20.2% year over year,” noted President & Chief Executive
Officer, Tony C. McKim. “I am pleased to share these results with our
shareholders in the form of a generous dividend.”

The First Bancorp, headquartered in Damariscotta, Maine, is the holding
company for First National Bank. Founded in 1864, the Bank serves
Mid-Coast and Down East Maine with 16 offices in Lincoln, Knox, Hancock,
Penobscot and Washington Counties. The Bank provides a full range of
consumer and commercial banking products and services. First National
Wealth Management, a division of First National Bank, provides
investment management and trust services from five offices in Lincoln,
Knox, Penobscot and Hancock Counties.

Forward-looking and cautionary statements: except for the historical
information and discussions contained herein, statements contained in
this release may constitute “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995. These
statements involve a number of risks, uncertainties and other factors
that could cause actual results and events to differ materially, as
discussed in the Company's filings with the Securities and Exchange
Commission.

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