Bangor Savings Bank posted earnings growth for the fourth-quarter and the fiscal year that ended March 31, marking its 11th consecutive year of growth.

For the quarter ended March 31, net income rose to $4.18 million from $4.10 million in the year-ago quarter. For the full year, net income rose to $18.46 million, up from $17.68 million a year ago.

Additional Photos

In this February 2011 file photo, Megan Krispin works at Bangor Savings Bank in the Old Port. The bank has now posted 11 consecutive years of growth. Gregory Rec/Staff Photographer

The company announced its fiscal-year results at Monday’s annual meeting.

Assets totaled $2.58 billion as of March 31, up from $2.48 billion a year earlier.

“The bank is very well-capitalized with the strength to support continued growth and generate substantial new lending,” the company said in a statement.

For the year that ended March 31, the bank generated nearly $700 million in new in-state loan commitments.

Looking forward, Bangor Savings Bank said it expects to open a new branch in Augusta and make continued investments in online and mobile-banking capabilities.

The bank, founded in 1852, has 56 branches and employs nearly 700 workers.