A Business at a Glance
0 of 1 daily views used (1 remaining). Sign up free for +5 more daily views (6 total), or try AAPL for a full preview.
First Bancorp, Inc /ME/
FNLC
$392M
Mkt Cap
$34.98
+2.91%
First Bancorp, Inc /ME/ (FNLC) has a current P/E ratio of 12.4, compared to its historical median P/E of 9.4. The stock is currently considered Expensive based on its historical valuation range.
First Bancorp, Inc /ME/ (FNLC) has a 5-year average return on invested capital (ROIC) of 11.7%. This indicates solid capital allocation.
First Bancorp, Inc /ME/ (FNLC) has a market capitalization of $392M. It is classified as a small-cap stock.
Yes, First Bancorp, Inc /ME/ (FNLC) pays a dividend with a trailing twelve-month yield of 4.17%. The company also returns capital through share buybacks, with a buyback yield of 0.07%.
Based on historical P/E analysis, First Bancorp, Inc /ME/ (FNLC) appears expensive. The current P/E of 12.4 is 33% above its historical median of 9.4. The estimated fair value CAGR (P/E method) is 2.5%.
First Bancorp, Inc /ME/ (FNLC) operates in the National Commercial Banks industry, within the Financials sector.
First Bancorp, Inc /ME/ (FNLC) reported annual revenue of $178 million in its most recent fiscal year, based on SEC EDGAR filings.
The risks and uncertainties described below are not the only ones the Company faces. Additional risks and uncertainties that we are unaware of, or that we currently deem immaterial, also may become important factors that affect us and our business. If any of these risks were to materialize, our business, financial condition or results of operations could be materially and adversely affected. Risk Associated With Our Business Credit Risks We are subject to credit risk and may incur losses if loans are not repaid. There are inherent risks associated with our lending activities. These risks include, among other things, the impact of changes in interest rates and changes in the economic conditions in the markets where we operate as well as those across the United States and abroad. Increases in interest rates and/or weakening economic conditions could adversely impact the ability of borrowers to repay outstanding loans and the value of the collateral securing these loans.
| Segment | 2021 | 2022 | 2023 | 2024 | 2025 | % of Total |
|---|---|---|---|---|---|---|
Debit card income | $5M | $6M | $5M | $5M | $5M | 39% |
Fiduciary and investment management income | $5M | $5M | $5M | $5M | $5M | 39% |
Service charges on deposit accounts | $2M | $2M | $2M | $2M | $2M | 16% |
Mortgage origination and servicing income, net of amortization | — | — | $1M | $1M | $1M | 6% |
Mortgage origination and servicing income | $5M | $1M | $1M | $1M | — | — |
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 178M | 178M | 165M | 144M | 110M | 96M |
| Net Income | 34M | 34M | 27M | 30M | 39M | 36M |
| EPS | $3.07 | $3.07 | $2.43 | $2.66 | $3.53 | $3.30 |
| Free Cash Flow | 35M | 35M | 25M | 34M | 40M | 53M |
| ROIC | 9.1% | 9.5% | 9.2% | 12.5% | 14.7% | 12.5% |
| Gross Margin | 56.8% | 56.8% | 51.8% | 57.5% | 84.7% | 88.4% |
| Debt/Equity | 0.66 | 0.66 | 0.58 | 0.29 | 0.45 | 0.56 |
| Dividends/Share | $1.46 | $1.47 | $1.43 | $1.39 | $1.34 | $1.27 |
| Operating Income | 3.5M | 3.5M | 3.1M | 2.7M | 2.7M | 2.8M |
| Operating Margin | 1.9% | 1.9% | 1.9% | 1.9% | 2.4% | 2.9% |
| ROE | 12.1% | 12.8% | 10.9% | 12.5% | 16.4% | 15.5% |
| Shares Outstanding | 11M | 11M | 11M | 11M | 11M | 11M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 62M | 63M | 66M | 73M | 83M | 93M | 95M | 96M | 110M | 144M | 165M | 178M | 178M |
| Gross Margin | 79.7% | 81.9% | 81.3% | 78.8% | 73.7% | 70.5% | 75.5% | 88.4% | 84.7% | 57.5% | 51.8% | 56.8% | 56.8% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 15M | 15M | 15M | 17M | 18M | 18M | 20M | 21M | 23M | 22M | 24M | 27M | 27M |
| EBIT | 4.3M | 4.6M | 5.0M | 5.5M | 5.7M | 2.7M | 2.4M | 2.8M | 2.7M | 2.7M | 3.1M | 3.5M | 3.5M |
| Op. Margin | 6.9% | 7.3% | 7.5% | 7.4% | 6.8% | 2.9% | 2.6% | 2.9% | 2.4% | 1.9% | 1.9% | 1.9% | 1.9% |
| Net Income | 15M | 16M | 18M | 20M | 24M | 26M | 27M | 36M | 39M | 30M | 27M | 34M | 34M |
| Net Margin | 23.7% | 25.7% | 27.2% | 26.7% | 28.3% | 27.5% | 28.5% | 37.6% | 35.5% | 20.6% | 16.4% | 19.4% | 19.4% |
| Non-Recurring | -3K | 0 | 0 | 108K | -136K | -386K | 19K | 2K | 15K | -33K | -4K | 10K | 10K |
| Returns on Capital | |||||||||||||
| ROIC | 5.6% | 6.1% | 6.3% | 6.7% | 8.5% | 10.7% | 10.8% | 12.5% | 14.7% | 12.5% | 9.2% | 9.5% | 9.1% |
| ROE | 9.6% | 9.9% | 10.6% | 11.1% | 12.6% | 12.6% | 12.4% | 15.5% | 16.4% | 12.5% | 10.9% | 12.8% | 12.1% |
| ROA | 1.0% | 1.1% | 1.1% | 1.1% | 1.2% | 1.3% | 1.2% | 1.5% | 1.5% | 1.0% | 0.9% | 1.1% | 1.1% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 20M | 21M | 21M | 22M | 34M | 26M | 23M | 57M | 41M | 37M | 26M | 38M | 38M |
| Free Cash Flow | 19M | 20M | 19M | 20M | 32M | 24M | 20M | 53M | 40M | 34M | 25M | 35M | 35M |
| Owner Earnings | 18M | 19M | 19M | 20M | 32M | 24M | 20M | 54M | 38M | 34M | 24M | 36M | 36M |
| CapEx | 1.9M | 927K | 2.1M | 2.5M | 1.5M | 1.6M | 2.5M | 3.8M | 1.4M | 2.6M | 1.5M | 3.2M | 3.2M |
| Maint. CapEx | 2.0M | 1.8M | 1.8M | 1.9M | 1.8M | 2.0M | 2.3M | 2.1M | 2.1M | 2.1M | 1.0M | 1.3M | 1.3M |
| Growth CapEx | 0 | 0 | 343K | 622K | 0 | 0 | 276K | 1.6M | 0 | 502K | 446K | 2.0M | 2.0M |
| D&A | 2.0M | 1.8M | 1.8M | 1.9M | 1.8M | 2.0M | 2.3M | 2.1M | 2.1M | 2.1M | 1.0M | 1.3M | 1.3M |
| CapEx/OCF | 9.3% | 4.5% | 9.8% | 11.4% | 4.4% | 6.0% | 11.2% | 6.6% | 3.4% | 7.1% | 5.7% | N/A | 8.5% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 8.9M | 9.3M | 9.8M | 11M | 12M | 13M | 13M | 14M | 15M | 15M | 16M | 16M | 16M |
| Dividend Yield | 8.5% | 7.8% | 6.5% | 5.8% | 5.7% | 6.3% | 7.1% | 5.6% | 5.4% | 6.2% | 6.1% | N/A | 4.2% |
| Share Buybacks | 0 | 180K | 129K | 154K | 168K | 183K | 156K | 253K | 277K | 250K | 212K | 282K | 282K |
| Buyback Yield | N/A | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.0% | 0.1% |
| Stock-Based Comp | 431K | 296K | 298K | 392K | 381K | 565K | 652K | 856K | 809K | 820K | 895K | 966K | 966K |
| Debt Repayment | 31M | 43M | 64M | 30M | 62M | 0 | 32M | 126M | 22M | 34M | 18M | 41M | 41M |
| Balance Sheet | |||||||||||||
| Net Debt | 267M | 323M | 262M | 210M | -126M | -190M | -78M | -205M | 79M | 38M | 119M | 160M | 160M |
| Cash & Equiv. | 13M | 14M | 17M | 19M | 19M | 14M | 26M | 21M | 23M | 32M | 28M | 28M | 28M |
| Long-Term Debt | 90M | 115M | 120M | 115M | 65M | 10M | 55M | 55M | 84K | 0 | 95M | 96M | 96M |
| Debt/Equity | 1.73 | 2.01 | 1.62 | 1.26 | 1.10 | 0.87 | 1.17 | 0.56 | 0.45 | 0.29 | 0.58 | 0.66 | 0.66 |
| Interest Coverage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0 |
| Equity | 162M | 167M | 173M | 181M | 192M | 213M | 224M | 246M | 229M | 243M | 252M | 283M | 283M |
| Total Assets | 1.5B | 1.6B | 1.7B | 1.8B | 1.9B | 2.1B | 2.4B | 2.5B | 2.7B | 2.9B | 3.2B | 3.2B | 3.2B |
| Total Liabilities | 1.3B | 1.4B | 1.5B | 1.7B | 1.8B | 1.9B | 2.1B | 2.3B | 2.5B | 2.7B | 2.9B | 2.9B | 2.9B |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | 100M | 107M | 112M | 121M | 132M | 145M | 158M | 180M | 204M | 212M | 223M | 240M | 240M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | 1.37 | 1.51 | 1.66 | 1.81 | 2.17 | 2.34 | 2.48 | 3.30 | 3.53 | 2.66 | 2.43 | 3.07 | 3.07 |
| Owner EPS | 1.68 | 1.74 | 1.76 | 1.85 | 2.92 | 2.16 | 1.81 | 4.89 | 3.47 | 3.06 | 2.17 | 3.18 | 3.18 |
| Book Value | 15.05 | 15.61 | 15.90 | 16.75 | 17.66 | 19.48 | 20.45 | 22.35 | 20.73 | 21.90 | 22.69 | 25.27 | 25.27 |
| Cash Flow/Share | 1.91 | 1.93 | 1.95 | 2.06 | 3.12 | 2.39 | 2.07 | 5.16 | 3.73 | 3.33 | 2.34 | 3.38 | 3.18 |
| Dividends/Share | 0.83 | 0.87 | 1.03 | 0.95 | 1.11 | 1.19 | 1.23 | 1.27 | 1.34 | 1.39 | 1.43 | 1.47 | 1.46 |
| Shares Out. | 10.7M | 10.7M | 10.8M | 10.8M | 10.8M | 10.9M | 10.9M | 11.0M | 11.0M | 11.1M | 11.1M | 11.2M | 11.2M |
| Valuation | |||||||||||||
| P/E Ratio | 7.9 | 8.5 | 12.6 | 10.3 | 8.3 | 9.4 | 7.8 | 7.7 | 7.0 | 9.5 | 10.4 | N/A | 11.4 |
| P/FCF | 6.2 | 7.0 | 11.9 | 10.2 | 6.1 | 9.8 | 10.4 | 5.3 | 6.9 | 8.2 | 11.4 | N/A | 11.3 |
| EV/EBIT | 92.6 | 102.7 | 101.5 | 78.8 | 71.7 | 64.0 | 183.4 | 139.7 | 132.4 | 118.4 | 129.1 | N/A | 159.9 |
| Price/Book | 0.7 | 0.8 | 1.3 | 1.1 | 1.0 | 1.1 | 0.9 | 1.1 | 1.2 | 1.2 | 1.1 | N/A | 1.4 |
| Price/Sales | 2.1 | 2.3 | 2.7 | 3.3 | 3.4 | 3.1 | 2.4 | 2.9 | 2.9 | 3.1 | 3.2 | N/A | 2.2 |
| FCF Yield | 16.0% | 14.3% | 8.4% | 9.8% | 16.5% | 10.2% | 9.6% | 19.0% | 14.6% | 12.2% | 8.7% | N/A | 8.8% |
| Market Cap | 116M | 138M | 227M | 201M | 196M | 240M | 210M | 278M | 273M | 282M | 281M | 0 | 392M |
| Avg. Price | 9.73 | 11.24 | 13.96 | 18.35 | 19.49 | 18.97 | 17.22 | 22.77 | 24.63 | 22.28 | 23.18 | 0.00 | 34.98 |
| Year-End Price | 10.77 | 12.89 | 20.94 | 18.62 | 18.11 | 21.98 | 19.22 | 25.31 | 24.69 | 25.39 | 25.24 | 0.00 | 34.98 |
First Bancorp, Inc /ME/ passes 3 of 9 quality checks, indicating weak fundamentals.
First Bancorp, Inc /ME/ trades at 12.4x trailing earnings, compared to its 15-year median P/E of 9.4x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 12.6x vs a median of 9.8x. The company's 5-year average ROIC is 11.7% with a gross margin of 67.8%. Total shareholder yield (dividends) is 4.2%. At current prices, the estimated annualized return to fair value is +1.5%.
First Bancorp, Inc /ME/ (FNLC) has a net profit margin of 19.4%. This is a healthy margin.
First Bancorp, Inc /ME/ (FNLC) generated $35 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
First Bancorp, Inc /ME/ (FNLC) has a debt-to-equity ratio of 0.66. This indicates moderate leverage.
First Bancorp, Inc /ME/ (FNLC) reported earnings per share (EPS) of $3.07 in its most recent fiscal year.
First Bancorp, Inc /ME/ (FNLC) has a return on equity (ROE) of 12.8%. This indicates moderate shareholder returns.
First Bancorp, Inc /ME/ (FNLC) has a 5-year average gross margin of 67.8%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 18 years of financial data for First Bancorp, Inc /ME/ (FNLC), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
First Bancorp, Inc /ME/ (FNLC) has a book value per share of $25.27, based on its most recent annual SEC filing.
No recent press releases.