First Bancorp, Inc /ME/ FNLC

Financials SIC 6021 - National Commercial Banks NAICS Finance and Insurance › Credit Intermediation and Related Activities › Depository Credit Intermediation › Commercial Banking derived Nasdaq

The First Bancorp, Inc. (the "Company") was incorporated under the laws of the State of Maine on January 15, 1985, for the purpose of becoming the parent holding company of The First National Bank of Damariscotta, which was chartered as a national bank under the laws of the United States on May 30, 1864. At the Company's Annual Meeting of Shareholders on April 30, 2008, the Company's name was changed from First National Lincoln Corporation to The First Bancorp, Inc.

On January 14, 2005, the acquisition of FNB Bankshares ("FNB") of Bar Harbor, Maine, was completed, adding seven banking offices and one investment management office in Hancock and Washington counties of Maine. FNB's subsidiary, The First National Bank of Bar Harbor, was merged into The First National Bank of Damariscotta at closing, and from January 31, 2005 until January 28, 2016, the combined banks operated under the name: The First, N.A. On January 28, 2016, the Board of Directors voted to change the name of The First, N.A. to First National Bank (the "Bank").

Last close 36.36 2026-10-23
Market cap $410.2M 2026-06-30 share count
52-week range 24.39 - 36.76

Valuation FY2025 figures against the last close

P/S2.6x
P/E11.8x
P/FCF11.9x
EV/EBITDA—
Dividend yield4.0%
Diluted EPS3.07

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $160.3M$148.8M$128.2M$93.0M$77.1M$77.1M$78.7M$70.5M$60.8M$53.8M
Interest expense $77.4M$63.9M$65.2M$76.2M$10.8M$17.3M$26.2M$20.3M$13.5M$10.8M
Pre-tax income $41.9M$32.6M$35.7M$47.4M$43.9M$32.2M$30.3M$27.8M$26.2M$24.5M
Income tax $7.5M$5.5M$6.2M$8.4M$7.6M$5.1M$4.7M$4.3M$6.6M$6.5M
Net income $34.4M$27.0M$29.5M$39.0M$36.3M$27.1M$25.5M$23.5M$19.6M$18.0M
EPS, basic 3.102.452.683.563.332.502.362.181.821.68
EPS, diluted 3.072.432.663.533.302.482.342.171.811.66
Shares, diluted (wtd. avg.) 11.2M11.1M11.1M11.0M11.0M10.9M10.9M10.9M10.8M10.8M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $27.4M$27.8M$31.9M$22.7M$20.6M$26.2M$14.4M$19.1M$19.2M$17.4M
Property, plant and equipment ————$28.9M$27.3M$21.3M$22.1M$22.5M$22.2M
Goodwill $30.6M$30.6M$30.6M$30.6M$30.6M$30.6M$29.8M$29.8M$29.8M$29.8M
Total assets $3.20B$3.08B$2.98B$2.81B$2.55B$2.44B$2.14B$1.99B$1.87B$1.76B
Short-term debt $92.3M$51.3M$69.7M$103.4M$81.3M$206.9M$174.8M$145.2M$113.6M$158.8M
Long-term debt $95.5M$95.0M$0$84.0K$55.1M$55.1M$10.1M$65.1M$115.1M$120.1M
Total liabilities $2.88B$2.90B$2.70B$2.51B$2.28B$2.14B$1.86B$1.75B$1.66B$1.54B
Retained earnings $240.5M$222.8M$211.9M$204.3M$180.4M$158.4M$144.8M$132.5M$121.1M$111.7M
Total equity $265.5M$244.7M$243.1M$228.9M$245.7M$223.7M$212.5M$191.5M$181.3M$172.5M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $37.8M$26.0M$36.9M$41.2M$56.7M$22.7M$26.1M$33.8M$22.3M$21.2M
Depreciation and amortisation $2.2M$2.2M$2.1M$2.0M$2.0M$2.2M$1.9M$1.8M$1.9M$1.7M
Stock-based compensation $966.0K$895.0K$820.0K$809.0K$856.0K$652.0K$565.0K$381.0K$392.0K$298.0K
Capital expenditure $3.2M$1.5M$2.6M$1.4M$3.8M$2.5M$1.6M$1.5M$2.5M$2.1M
Investing cash flow -$3.0M-$217.4M-$199.8M-$247.6M-$201.7M-$250.1M-$116.3M-$112.1M-$130.1M-$148.2M
Financing cash flow -$34.7M$187.1M$172.1M$208.5M$139.5M$239.2M$85.5M$78.2M$109.6M$130.1M
Dividends paid $16.3M$15.8M$15.4M$14.8M$13.9M$13.3M$13.0M$12.1M$11.5M$9.8M
Buybacks $282.0K$212.0K$250.0K$277.0K$253.0K$156.0K$183.0K$168.0K$154.0K$129.0K

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000765207-26-000067.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 50M 100M 150M 200M Revenue, FY2016: 53.8M Net income, FY2016: 18M Revenue, FY2017: 60.8M Net income, FY2017: 19.6M Revenue, FY2018: 70.5M Net income, FY2018: 23.5M Revenue, FY2019: 78.7M Net income, FY2019: 25.5M Revenue, FY2020: 77.1M Net income, FY2020: 27.1M Revenue, FY2021: 77.1M Net income, FY2021: 36.3M Revenue, FY2022: 93M Net income, FY2022: 39M Revenue, FY2023: 128.2M Net income, FY2023: 29.5M Revenue, FY2024: 148.8M Net income, FY2024: 27M Revenue, FY2025: 160.3M Net income, FY2025: 34.4M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $53.8M $60.8M $70.5M $78.7M $77.1M $77.1M $93.0M $128.2M $148.8M $160.3M
Gross profit — — — — — — — — — —
Net income $18.0M $19.6M $23.5M $25.5M $27.1M $36.3M $39.0M $29.5M $27.0M $34.4M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Officer or director change Item 5.02
  • Charter or fiscal year changed Item 5.03
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Other event Item 8.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 6021

TickerCompanyMarket capP/ERevenue growth
JPM JPMORGAN CHASE & CO $881.40B 16.6x 2.8%
BAC BANK OF AMERICA CORP /DE/ $353.55B 13.3x 6.8%
WFC WELLS FARGO & COMPANY/MN $249.15B 13.2x -3.8%
C CITIGROUP INC $211.00B 17.3x 5.6%
COF CAPITAL ONE FINANCIAL CORP $125.29B 50.0x 36.3%
USB US BANCORP \DE\ $92.83B 12.9x 4.4%
PNC PNC FINANCIAL SERVICES GROUP, INC. $89.55B 13.5x 7.2%
TFC TRUIST FINANCIAL CORP $59.18B 12.7x -2.1%