NASDAQ : FNLC
The First Bancorp, Inc. — Financial statements
Financials · Banks - Regional · United States
Last price 36.265 USD (Oct 30, 2026, 2:11 PM EDT) · Market cap 409.27M
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 142.69M | 141.16M | 129.44M | 108.27M | 75.81M | 62.20M |
| Interest Income on Investments | 18.50M | 19.11M | 19.39M | 19.90M | 17.23M | 14.89M |
| Total Interest Income | 161.19M | 160.27M | 148.83M | 128.17M | 93.03M | 77.08M |
| Interest Paid on Deposits | 69.08M | 76.70M | 79.41M | 61.00M | 15.36M | 7.31M |
| Interest Paid on Borrowings | 6.64M | 6.20M | 5.51M | 1.96M | 1.51M | 3.46M |
| Total Interest Expense | 75.72M | 82.89M | 84.92M | 62.97M | 16.87M | 10.78M |
| Net Interest Income | 85.46M | 77.38M | 63.91M | 65.21M | 76.17M | 66.30M |
| Trust Income | 5.93M | 5.43M | 4.96M | 4.65M | 4.60M | 4.53M |
| Gain (Loss) on Sale of Investments | 12.00K | 7.00K | 23.00K | |||
| Other Non-Interest Income | 10.63M | 9.75M | 9.34M | 8.90M | 10.44M | 13.26M |
| Total Non-Interest Income | 18.82M | 17.34M | 16.36M | 15.44M | 16.87M | 19.38M |
| Revenues Before Loan Losses | 104.29M | 94.72M | 80.27M | 80.64M | 93.04M | 85.69M |
| Provision for Loan Losses | 2.81M | 1.85M | 525.00K | 1.18M | 1.75M | -375.00K |
| Revenue | 101.48M | 92.87M | 79.74M | 79.46M | 91.29M | 86.06M |
| Salaries and Employee Benefits | 28.04M | 26.03M | 23.34M | 21.12M | 22.51M | 20.30M |
| Federal Deposit Insurance | 2.43M | 2.72M | 2.39M | 1.96M | 1.07M | 824.00K |
| Amortization of Goodwill & Intangibles | 26.00K | 26.00K | 26.00K | 26.00K | 69.00K | 69.00K |
| Selling, General & Administrative | 11.68M | 11.47M | 11.12M | 10.72M | 10.21M | 9.67M |
| Other Non-Interest Expense | 11.50M | 10.68M | 10.29M | 9.93M | 10.04M | 11.29M |
| Total Non-Interest Expense | 53.67M | 50.93M | 47.16M | 43.76M | 43.90M | 42.15M |
| EBT Excluding Unusual Items | 47.81M | 41.94M | 32.58M | 35.70M | 47.39M | 43.91M |
| Pretax Income | 47.81M | 41.94M | 32.58M | 35.70M | 47.39M | 43.91M |
| Income Tax Expense | 8.41M | 7.54M | 5.54M | 6.18M | 8.40M | 7.64M |
| Net Income | 39.40M | 34.39M | 27.05M | 29.52M | 38.99M | 36.27M |
| Net Income to Common | 39.40M | 34.39M | 27.05M | 29.52M | 38.99M | 36.27M |
| Basic Shares Outstanding | 11.13M | 11.09M | 11.05M | 11.00M | 10.93M | 10.90M |
| Diluted Shares Outstanding | 11.26M | 11.20M | 11.14M | 11.08M | 11.03M | 10.99M |
| EPS (Basic) | 3.54 | 3.10 | 2.45 | 2.68 | 3.57 | 3.33 |
| EPS (Diluted) | 3.50 | 3.07 | 2.43 | 2.66 | 3.53 | 3.30 |
| Dividend Per Share | 1.50 | 1.47 | 1.43 | 1.39 | 1.34 | 1.27 |
| Effective Tax Rate | 17.59% | 17.99% | 17.00% | 17.32% | 17.72% | 17.41% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 32.12M | 27.78M | 27.64M | 31.94M | 22.73M | 20.63M |
| Investment Securities | 355.41M | 368.76M | 396.80M | 391.23M | 394.37M | 443.49M |
| Trading Asset Securities | 4.46M | 5.06M | 4.73M | 5.60M | 2.59M | |
| Mortgage-Backed Securities | 282.79M | 259.00M | 271.75M | 281.00M | 289.17M | 315.55M |
| Total Investments | 638.20M | 632.22M | 673.61M | 676.96M | 689.14M | 761.63M |
| Gross Loans | 2.44B | 2.39B | 2.34B | 2.13B | 1.91B | 1.65B |
| Allowance for Loan Losses | -23.81M | -25.36M | -24.87M | -24.03M | -16.72M | -15.52M |
| Net Loans | 2.42B | 2.37B | 2.32B | 2.11B | 1.90B | 1.63B |
| Property, Plant & Equipment | 28.28M | 28.77M | 27.86M | 28.68M | 28.28M | 28.95M |
| Goodwill | 30.65M | 30.65M | 30.65M | 30.65M | 30.65M | 30.65M |
| Loans Held for Sale | 284.00K | 275.00K | 835.00K | |||
| Accrued Interest Receivable | 17.05M | 14.19M | 13.98M | 11.89M | 9.83M | 7.54M |
| Long-Term Deferred Tax Assets | 15.95M | 19.07M | 18.05M | 17.76M | 5.62M | |
| Other Real Estate Owned & Foreclosed | 30.00K | 173.00K | ||||
| Other Long-Term Assets | 87.43M | 40.78M | 41.81M | 40.75M | 39.72M | 34.79M |
| Total Assets | 3.25B | 3.17B | 3.16B | 2.95B | 2.74B | 2.53B |
| Interest Bearing Deposits | 2.12B | 2.05B | 2.02B | 1.89B | 1.68B | 1.47B |
| Institutional Deposits | 351.61M | 338.33M | 412.18M | 423.43M | 377.88M | 313.64M |
| Non-Interest Bearing Deposits | 316.82M | 279.91M | 292.25M | 289.10M | 318.63M | 334.94M |
| Total Deposits | 2.79B | 2.66B | 2.73B | 2.60B | 2.38B | 2.12B |
| Short-Term Borrowings | 54.63M | 56.14M | 53.92M | 69.32M | 83.84M | |
| Current Portion of Long-Term Debt | 42.00M | 20.08M | 38.99M | |||
| Current Portion of Leases | 91.00K | |||||
| Long-Term Debt | 144.88M | 910.00K | 758.00K | 2.15M | ||
| Federal Home Loan Bank Debt, Long-Term | 95.50M | 95.00M | 84.00K | 55.09M | ||
| Long-Term Leases | 386.00K | 565.00K | 652.00K | 737.00K | 822.00K | |
| Pension & Post-Retirement Benefits | 2.46M | 2.58M | 2.66M | 2.89M | 2.87M | |
| Long-Term Deferred Tax Liabilities | 7.12M | 7.20M | 7.03M | 6.78M | 6.00M | |
| Other Long-Term Liabilities | 32.08M | 15.32M | 17.03M | 17.46M | 12.58M | 9.52M |
| Total Liabilities | 2.96B | 2.88B | 2.90B | 2.70B | 2.51B | 2.28B |
| Common Stock | 113.00K | 112.00K | 112.00K | 111.00K | 110.00K | 110.00K |
| Additional Paid-In Capital | 75.33M | 73.71M | 71.83M | 70.07M | 68.44M | 66.83M |
| Retained Earnings | 256.61M | 240.46M | 222.82M | 211.93M | 204.34M | 180.42M |
| Comprehensive Income & Other | -43.90M | -31.14M | -42.27M | -39.03M | -43.97M | -1.70M |
| Shareholders' Equity | 288.15M | 283.14M | 252.49M | 243.08M | 228.92M | 245.66M |
| Total Liabilities & Equity | 3.25B | 3.17B | 3.16B | 2.95B | 2.74B | 2.53B |
| Total Debt | 144.88M | 193.52M | 152.46M | 76.80M | 109.13M | 139.75M |
| Net Cash (Debt) | -109.89M | -157.15M | -97.67M | -36.64M | -77.11M | -49.85M |
| Net Cash Per Share | -9.76 | -14.03 | -8.77 | -3.31 | -6.99 | -4.54 |
| Filing Date Shares Outstanding | 11.29M | 11.27M | 11.20M | 11.13M | 11.08M | 11.02M |
| Total Common Shares Outstanding | 11.29M | 11.22M | 11.16M | 11.10M | 11.05M | 11.00M |
| Book Value Per Share | 25.53 | 25.23 | 22.63 | 21.90 | 20.73 | 22.33 |
| Tangible Book Value | 257.50M | 252.50M | 221.85M | 212.43M | 198.28M | 215.01M |
| Tangible Book Value Per Share | 22.82 | 22.50 | 19.89 | 19.14 | 17.95 | 19.55 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 34.39M | 27.05M | 29.52M | 38.99M | 36.27M | |
| Depreciation & Amortization | 2.23M | 2.23M | 2.13M | 2.05M | 2.11M | |
| Gain (Loss) on Sale of Assets | -43.00K | 4.00K | -9.00K | -14.00K | -93.00K | |
| Gain (Loss) on Sale of Investments | 1.82M | 1.62M | 414.00K | 1.21M | 2.64M | |
| Total Asset Writedown | 35.00K | |||||
| Provision for Credit Losses | 1.85M | 525.00K | 1.18M | 1.75M | -375.00K | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | 194.00K | 143.00K | 367.00K | 966.00K | 8.10M | |
| Change in Other Net Operating Assets | -3.49M | -6.34M | 3.94M | -4.02M | 9.27M | |
| Operating Cash Flow | 37.81M | 26.05M | 36.92M | 41.21M | 56.69M | |
| Capital Expenditures | -3.22M | -1.48M | -2.63M | -1.40M | -3.76M | |
| Sale of Property, Plant and Equipment | 22.00K | 4.00K | 3.00K | 38.00K | 3.00K | |
| Investment in Securities | 55.79M | 26.00K | 17.30M | 19.88M | -32.93M | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -54.72M | -212.16M | -215.08M | -267.62M | -171.25M | |
| Other Investing Activities | -866.00K | -3.82M | 604.00K | 1.53M | 6.18M | |
| Investing Cash Flow | -3.00M | -217.42M | -199.81M | -247.58M | -201.75M | |
| Short-Term Debt Issued | 41.04M | 22.15M | ||||
| Long-Term Debt Issued | 500.00K | 95.00M | ||||
| Total Debt Issued | 41.54M | 95.00M | 22.15M | |||
| Short-Term Debt Repaid | -18.37M | -33.75M | -125.69M | |||
| Long-Term Debt Repaid | -84.00K | -55.01M | -7.00K | |||
| Total Debt Repaid | -18.37M | -33.83M | -55.01M | -125.70M | ||
| Net Debt Issued (Repaid) | 41.54M | 76.63M | -33.83M | -32.86M | -125.70M | |
| Issuance of Common Stock | 916.00K | 867.00K | 817.00K | 796.00K | 689.00K | |
| Repurchase of Common Stock | -282.00K | -212.00K | -250.00K | -277.00K | -253.00K | |
| Common Dividends Paid | -16.35M | -15.80M | -15.42M | -14.78M | -13.95M | |
| Net Increase (Decrease) in Deposit Accounts | -60.50M | 125.59M | 220.78M | 255.58M | 278.69M | |
| Financing Cash Flow | -34.67M | 187.07M | 172.10M | 208.46M | 139.48M | |
| Net Cash Flow | 143.00K | -4.31M | 9.21M | 2.09M | -5.58M | |
| Free Cash Flow | 34.59M | 24.57M | 34.28M | 39.81M | 52.94M | |
| Free Cash Flow Margin | 37.25% | 30.81% | 43.15% | 43.61% | 61.51% | |
| Free Cash Flow Per Share | 3.09 | 2.21 | 3.09 | 3.61 | 4.82 | |
| Cash Interest Paid | 82.98M | 84.44M | 62.23M | 16.07M | 11.14M | |
| Cash Income Tax Paid | 5.67M | 4.53M | 5.62M | 8.01M | 6.55M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 415.53M | 296.64M | 305.00M | 313.07M | 330.60M | 345.28M |
| Last Close Price | 36.82 | 25.19 | 24.63 | 24.03 | 24.15 | 24.24 |
| PE Ratio | 10.52 | 8.62 | 11.28 | 10.61 | 8.48 | 9.52 |
| PS Ratio | 4.09 | 3.19 | 3.83 | 3.94 | 3.62 | 4.01 |
| PB Ratio | 1.44 | 1.05 | 1.21 | 1.29 | 1.44 | 1.41 |
| P/FCF Ratio | 11.66 | 8.57 | 12.41 | 9.13 | 8.30 | 6.52 |
| P/OCF Ratio | 10.91 | 7.84 | 11.71 | 8.48 | 8.02 | 6.09 |
| Debt / Equity Ratio | 0.50 | 0.68 | 0.60 | 0.32 | 0.48 | 0.57 |
| Debt / FCF Ratio | 5.59 | 6.21 | 2.24 | 2.74 | 2.64 | |
| Net Debt / Equity Ratio | 0.38 | 0.56 | 0.39 | 0.15 | 0.34 | 0.20 |
| Net Debt / FCF Ratio | 4.54 | 3.98 | 1.07 | 1.94 | 0.94 | |
| Return on Equity (ROE) | 14.00% | 12.84% | 10.91% | 12.51% | 16.43% | 15.45% |
| Return on Assets (ROA) | 1.22% | 1.09% | 0.89% | 1.04% | 1.48% | 1.48% |
| Earnings Yield | 9.51% | 11.59% | 8.87% | 9.43% | 11.79% | 10.50% |
| FCF Yield | 8.57% | 11.66% | 8.06% | 10.95% | 12.04% | 15.33% |
| Dividend Yield | 4.13% | 5.56% | 5.23% | 4.93% | 4.48% | 4.05% |
| Payout Ratio | 43.43% | 47.53% | 58.43% | 52.23% | 37.91% | 38.46% |
| Buyback Yield / Dilution | -0.61% | -0.59% | -0.51% | -0.46% | -0.40% | -0.50% |
| Total Shareholder Return | 3.52% | 4.97% | 4.72% | 4.46% | 4.08% | 3.55% |