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.

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.