FNLC - First Bancorp Inc-ME Stock Price, Fair Value and News

24.32USD+0.34 (+1.42%)Delayed

Market Summary

USD24.32+0.34

Delayed

1.42%

FNLC Alerts

1 major insider buys recently.

FNLC Stock Price

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FNLC RSI Chart

FNLC Valuation

Market Cap

270.8M

Price/Earnings (Trailing)

9.82

Price/Sales (Trailing)

2.02

EV/EBITDA

3.23

Price/Free Cashflow

9.69

FNLC Price/Sales (Trailing)

FNLC Profitability

EBT Margin

24.83%

Return on Equity

11.36%

Return on Assets

0.93%

Free Cashflow Yield

10.32%

FNLC Fundamentals

FNLC Revenue

Revenue (TTM)

134.2M

Rev. Growth (Yr)

21.01%

Rev. Growth (Qtr)

0.48%

FNLC Earnings

Earnings (TTM)

27.6M

Earnings Growth (Yr)

-24.46%

Earnings Growth (Qtr)

-9.85%

Breaking Down FNLC Revenue

Last 7 days

3.6%

Last 30 days

9.4%

Last 90 days

-1.5%

Trailing 12 Months

0.3%

How does FNLC drawdown profile look like?

FNLC Financial Health

Debt/Equity

0.29

Debt/Cashflow

0.43

FNLC Investor Care

Dividend Yield

5.76%

Dividend/Share (TTM)

1.4

Shares Dilution (1Y)

0.52%

Diluted EPS (TTM)

2.48

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	134.2M	0	0	0
2023	101.4M	111.2M	120.4M	128.2M
2022	78.7M	81.6M	86.0M	93.0M
2021	75.4M	75.1M	76.2M	77.1M
2020	80.1M	79.0M	77.6M	77.1M
2019	73.4M	76.0M	77.8M	78.7M
2018	62.8M	65.0M	67.6M	70.5M
2017	55.0M	56.4M	58.6M	60.8M
2016	51.7M	52.7M	53.2M	53.8M
2015	50.8M	50.6M	50.6M	50.8M
2014	50.3M	50.8M	51.0M	51.0M
2013	49.9M	49.9M	49.9M	49.9M
2012	51.8M	51.0M	50.7M	49.9M
2011	56.2M	55.2M	53.5M	52.7M
2010	61.2M	59.9M	58.6M	57.3M
2009	0	0	0	62.6M
2008	0	0	0	71.4M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of First Bancorp Inc-ME

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 18, 2024	swan kimberly	bought	28,444	22.3097	1,275	-
Jan 30, 2024	plummer tammy l	acquired	-	-	1,869	evp - cio
Jan 30, 2024	elder richard m	acquired	-	-	2,365	evp - cfo
Jan 30, 2024	norton susan a	acquired	-	-	2,403	evp - cao
Jan 30, 2024	nicholson jonathan w	acquired	-	-	2,022	evp - clo
Jan 30, 2024	nicholson peter c	acquired	-	-	1,297	evp - chief fiduciary officer
Jan 30, 2024	tolman sarah	acquired	-	-	2,136	evp - cbo
Jan 30, 2024	mckim tony c	acquired	-	-	8,868	president & ceo
Jan 29, 2024	nicholson jonathan w	sold (taxes)	-11,031	26.39	-418	evp - clo
Jan 29, 2024	mckim tony c	sold (taxes)	-53,518	26.39	-2,028	president & ceo

Which funds bought or sold FNLC recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-38.92	-21,216	24,246	-%
May 16, 2024	JANE STREET GROUP, LLC	sold off	-100	-209,308	-	-%
May 15, 2024	DEUTSCHE BANK AG\	unchanged	-	-25,829	177,778	-%
May 15, 2024	STATE STREET CORP	added	8.79	-276,083	5,230,060	-%
May 15, 2024	MORGAN STANLEY	reduced	-10.07	-1,066,900	3,900,700	-%
May 15, 2024	BANK OF AMERICA CORP /DE/	reduced	-42.98	-214,792	212,939	-%
May 15, 2024	BARCLAYS PLC	reduced	-29.43	-245,000	394,000	-%
May 15, 2024	Tower Research Capital LLC (TRC)	reduced	-68.59	-8,868	3,351	-%
May 15, 2024	Royal Bank of Canada	reduced	-10.56	-215,000	759,000	-%
May 15, 2024	GOLDMAN SACHS GROUP INC	reduced	-4.62	-116,038	577,810	-%

Are Funds Buying or Selling FNLC?

Are funds buying FNLC calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own FNLC

No. of Funds

FNLC Alerts

1 major insider buys recently.

Unveiling First Bancorp Inc-ME's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Jan 26, 2024	blackrock inc.	6.9%	761,001	SC 13G/A
Feb 01, 2023	blackrock inc.	6.3%	699,314	SC 13G/A
Feb 01, 2022	blackrock inc.	6.6%	721,027	SC 13G/A
Jan 29, 2021	blackrock inc.	7.1%	778,149	SC 13G/A
Feb 05, 2020	blackrock inc.	6.8%	745,681	SC 13G/A

Recent SEC filings of First Bancorp Inc-ME

View All Filings

Date Filed	Form Type	Document
May 07, 2024	10-Q	Quarterly Report
Apr 30, 2024	8-K/A	Current Report
Apr 25, 2024	8-K	Current Report
Apr 19, 2024	4	Insider Trading
Apr 17, 2024	8-K	Current Report
Apr 15, 2024	13F-HR	Fund Holdings Report
Mar 28, 2024	8-K	Current Report
Mar 08, 2024	DEF 14A	DEF 14A
Mar 08, 2024	ARS	ARS
Mar 08, 2024	10-K	Annual Report

Peers (Alternatives to First Bancorp Inc-ME)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	588.1B	174.7B	13.73%	46.82%	11.68	3.37	53.11%	19.83%
BAC	307.4B	137.9B	11.58%	38.08%	12.28	2.23	56.12%	-12.56%
WFC	213.0B	85.8B	6.86%	51.95%	11.35	2.48	35.02%	26.14%
C	122.2B	125.0B	10.16%	38.13%	15.29	0.98	37.85%	-
CFG	16.9B	10.4B	12.51%	41.04%	11.81	1.62	26.22%	-33.87%
KEY	14.5B	8.1B	6.72%	53.23%	16.61	1.78	32.15%	-50.93%
MID-CAP
CMA	7.3B	4.2B	10.08%	41.38%	10.46	1.71	34.68%	-45.96%
ZION	6.6B	4.1B	14.23%	65.05%	10.55	1.63	32.93%	-30.73%
ABCB	3.5B	1.3B	13.35%	57.95%	12.32	2.65	30.60%	-12.99%
ASB	3.4B	2.0B	11.57%	43.03%	20.88	1.65	47.11%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
AROW	417.1M	173.1M	15.06%	27.00%	14.3	2.41	26.54%	-34.86%
ALRS	390.4M	152.4M	-0.90%	32.84%	39.27	2.56	16.94%	-73.84%
ACNB	295.5M	98.7M	10.19%	20.01%	10.04	2.99	6.27%	-22.90%
ASRV	48.0M	62.5M	8.95%	-1.75%	-16.24	0.77	18.83%	-145.18%

First Bancorp Inc-ME News

Latest updates

First Bancorp Inc-ME Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	0.5%	35.00	35.00	33.00	31.00	29.00	27.00	24.00	21.00	21.00	20.00	20.00	19.00	19.00	19.00	19.00	19.00	21.00	20.00	20.00	20.00	19.00
EBITDA Margin	-9.1%	0.73*	0.80*	0.91*	1.05*	1.21*	1.35*	1.44*	1.48*	1.47*	1.46*	1.40*	1.36*	-	-	-	-	-	-	-	-	-
Interest Expenses	-6.1%	15.00	16.00	16.00	16.00	17.00	19.00	19.00	19.00	19.00	18.00	17.00	16.00	16.00	16.00	15.00	14.00	15.00	13.00	13.00	13.00	13.00
Income Taxes	-11.3%	1.00	1.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00
Earnings Before Taxes	-10.1%	7.00	8.00	9.00	9.00	10.00	11.00	12.00	12.00	12.00	12.00	11.00	11.00	11.00	8.00	8.00	8.00	8.00	8.00	7.00	8.00	7.00
EBT Margin	-10.9%	0.25*	0.28*	0.32*	0.38*	0.45*	0.51*	0.56*	0.57*	0.57*	0.57*	0.53*	0.51*	-	-	-	-	-	-	-	-	-
Net Income	-9.9%	6.00	7.00	7.00	7.00	8.00	9.00	10.00	10.00	10.00	10.00	9.00	9.00	9.00	7.00	7.00	7.00	6.00	7.00	6.00	6.00	6.00
Net Income Margin	-10.8%	0.21*	0.23*	0.27*	0.31*	0.37*	0.42*	0.46*	0.47*	0.47*	0.47*	0.44*	0.42*	-	-	-	-	-	-	-	-	-
Free Cashflow	-117.6%	-1.82	10.00	9.00	11.00	5.00	9.00	13.00	11.00	7.00	11.00	13.00	13.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	1.1%	2,978	2,947	2,944	2,875	2,812	2,739	2,735	2,630	2,549	2,527	2,530	2,450	2,437	2,361	2,297	2,267	2,136	2,069	2,033	1,999	1,991
Cash Equivalents	-25.3%	24.00	32.00	30.00	25.00	27.00	23.00	27.00	23.00	22.00	21.00	27.00	27.00	20.00	26.00	23.00	22.00	21.00	14.00	21.00	17.00	15.00
Net PPE	-	-	-	-	-	-	-	29.00	29.00	29.00	29.00	29.00	30.00	30.00	27.00	27.00	21.00	21.00	21.00	21.00	21.00	22.00
Goodwill	0%	31.00	31.00	31.00	31.00	31.00	31.00	31.00	31.00	31.00	31.00	31.00	31.00	31.00	31.00	30.00	30.00	30.00	30.00	30.00	30.00	30.00
Liabilities	1.2%	2,736	2,704	2,717	2,643	2,583	2,510	2,515	2,403	2,315	2,281	2,291	2,216	2,209	2,138	2,077	2,051	1,921	1,856	1,825	1,794	1,794
Short Term Borrowings	21.7%	85.00	70.00	83.00	89.00	84.00	103	118	127	79.00	81.00	178	174	175	207	229	224	193	175	171	172	160
Long Term Debt	-	70.00	-	-	25.00	0.00	0.00	0.00	0.00	55.00	55.00	55.00	55.00	55.00	55.00	55.00	55.00	55.00	10.00	10.00	10.00	10.00
Shareholder's Equity	-0.2%	243	243	227	232	228	229	220	228	234	246	239	234	228	224	219	217	215	213	208	205	198
Retained Earnings	0.9%	214	212	209	206	202	204	199	193	186	180	174	169	164	158	155	151	148	145	142	138	135
Additional Paid-In Capital	0.6%	71.00	70.00	70.00	69.00	69.00	68.00	68.00	68.00	67.00	67.00	66.00	66.00	66.00	65.00	65.00	65.00	64.00	64.00	64.00	63.00	63.00
Shares Outstanding	0.3%	11.00	11.00	11.00	11.00	11.00	11.00	11.00	11.00	11.00	11.00	11.00	11.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	258	-	-	-	313	-	-	-	306	-	-	-	222	-	-	-	273	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-114.0%	-1,497	10,726	10,292	10,854	5,047	8,780	13,178	11,423	7,832	11,466	12,886	13,297	19,044	1,634	15,835	2,377	2,852	11,628	8,055	5,640	730
Share Based Compensation	8.5%	231	213	209	214	184	199	198	195	217	184	182	202	288	170	170	162	150	197	124	121	123
Cashflow From Investing	-530.7%	-37,109	8,615	-70,381	-73,301	-64,741	-3,980	-115,354	-92,810	-35,436	-7,838	-85,940	-9,618	-98,353	-35,487	-39,936	-124,516	-50,132	-46,016	-30,337	1,482	-41,409
Cashflow From Financing	276.6%	30,539	-17,293	64,906	60,066	64,424	-9,480	106,131	82,789	29,021	-10,120	73,088	3,384	73,126	37,323	24,700	123,165	53,964	27,403	26,782	-5,474	36,815
Dividend Payments	-100.0%	-	3,884	3,882	3,879	3,773	3,755	3,754	3,750	3,520	3,520	3,518	3,516	3,394	3,393	3,389	3,271	3,276	3,389	3,268	3,157	3,149
Buy Backs	10450.0%	211	2.00	-1.50	13.00	237	1.00	-	6.00	270	-	13.00	22.00	218	-1.00	3.00	-	154	87.00	2.00	-2.00	96.00

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FNLC Income Statement

2024-03-31

Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Interest income
Interest and fees on loans (includes YTD tax-exempt income of $521,000 for March 31, 2024 and $329,000 for March 31, 2023)	$ 30,204	$ 24,125
Interest on deposits with other banks	78	40
Interest and dividends on investments (includes YTD tax-exempt income of $1,995,000 for March 31, 2024 and $2,002,000 for March 31, 2023)	4,706	4,749
Total interest income	34,988	28,914
Interest expense
Interest on deposits	19,177	10,917
Interest on borrowed funds	931	522
Total interest expense	20,108	11,439
Net interest income	14,880	17,475
Provision for credit losses - loans	99	550
Provision (reduction) for credit losses - debt securities HTM	(252)	0
Provision (reduction) for credit losses - off-balance sheet credit exposures	(360)	0
Total provision (reduction) for credit losses	(513)	550
Net interest income after provision for credit losses	15,393	16,925
Non-interest income
Other operating income	637	609
Total non-interest income	3,640	3,569
Non-interest expense
Salaries and employee benefits	6,057	5,720
Occupancy expense	866	868
Furniture and equipment expense	1,389	1,303
FDIC insurance premiums	564	344
Amortization of identified intangibles	7	7
Other operating expense	2,878	2,608
Total non-interest expense	11,761	10,850
Income before income taxes	7,272	9,644
Income tax expense	1,251	1,673
NET INCOME	$ 6,021	$ 7,971
Basic earnings per common share (usd per share)	$ 0.55	$ 0.73
Diluted earnings per common share (usd per share)	$ 0.54	$ 0.72
Other comprehensive income (loss) net of tax
Net unrealized (loss) gain on securities available for sale, net of taxes	$ (3,241)	$ 4,181
Net unrealized gain on transferred securities, net of taxes	2	4
Net unrealized gain (loss) on hedging derivative instruments	435	(2,736)
Other comprehensive (loss) gain	(2,804)	1,449
Comprehensive income	3,217	9,420
Investment management and fiduciary income
Non-interest income
Non-interest income	1,188	1,146
Service charges on deposit accounts
Non-interest income
Non-interest income	499	437
Mortgage origination and servicing income, net of amortization
Non-interest income
Non-interest income	130	192
Debit card income
Non-interest income
Non-interest income	$ 1,186	$ 1,185

FNLC Balance Sheet

2024-03-31

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023
Assets
Cash and cash equivalents	$ 23,875	$ 31,942	$ 27,458
Interest bearing deposits in other banks	2,911	3,488	2,773
Securities available for sale	274,451	282,053	288,242
Securities held-to-maturity (net of ACL), fair value of $327,816,000 at March 31, 2024, $338,570,000 at December 31, 2023 and $344,053,000 at March 31, 2023)	379,453	385,235	391,845
Restricted equity securities, at cost	5,933	3,385	3,874
Loans	2,173,746	2,129,454	1,982,847
Less allowance for credit losses	24,207	24,030	23,458
Net loans	2,149,539	2,105,424	1,959,389
Accrued interest receivable	15,970	11,894	12,142
Premises and equipment, net	28,435	28,684	28,286
Goodwill	30,646	30,646	30,646
Other assets	66,957	63,947	67,165
Total assets	2,978,170	2,946,698	2,811,820
Liabilities
Demand deposits	262,652	289,104	293,123
NOW deposits	618,554	634,543	623,523
Money market deposits	321,822	305,931	194,183
Savings deposits	280,533	299,837	346,205
Certificates of deposit	1,065,427	1,070,247	1,009,667
Total deposits	2,548,988	2,599,662	2,466,701
Borrowed funds – short term	84,779	69,652	83,800
Borrowed funds – long term	70,000	0	81
Other liabilities	31,779	34,305	32,777
Total liabilities	2,735,546	2,703,619	2,583,359
Shareholders' equity
Common stock, one cent par value per share	111	111	111
Additional paid-in capital	70,506	70,071	68,830
Retained earnings	213,839	211,925	202,036
Accumulated other comprehensive income (loss)
Net unrealized loss on securities available-for-sale	(42,816)	(39,575)	(40,537)
Net unrealized loss on securities transferred from available-for-sale to held-to-maturity	(54)	(56)	(60)
Net unrealized gain (loss) on cash flow hedging derivative instruments	735	300	(2,192)
Net unrealized gain on postretirement costs	303	303	273
Total shareholders' equity	242,624	243,079	228,461
Total liabilities & shareholders' equity	$ 2,978,170	$ 2,946,698	$ 2,811,820
Common Stock
Number of shares authorized (in shares)	18,000,000	18,000,000	18,000,000
Number of shares issued (in shares)	11,130,933	11,098,057	11,074,182
Number of shares outstanding (in shares)	11,130,933	11,098,057	11,074,182
Book value per common share (usd per share)	$ 21.80	$ 21.90	$ 20.63
Tangible book value per common share (usd per share)	$ 19.03	$ 19.12	$ 17.84

About First Bancorp Inc-ME

The First Bancorp, Inc. operates as the holding company for First National Bank that provides a range of banking products and services to individuals and businesses. It also offers various deposit products, including demand, NOW, savings, money market, and certificates of deposit accounts. The company provides commercial real estate loan products, such as mortgage loans to finance investments in real property comprising multi-family residential, commercial/retail, office, industrial, hotel, educational, and other specific or mixed use properties; commercial construction loans to finance construction of owner- and non-owner occupied commercial real estate properties; and other commercial loans, which include revolving and term loan obligations to business and corporate enterprises for the purpose of financing working capital or capital investment. In addition, it offers municipal loans for capitalized expenditures, construction projects, or tax-anticipation notes; residential term loans that include amortizing home mortgages and construction loans, which include loans for owner-occupied residential construction; home equity loans and lines of credit; and consumer loans, which are amortizing loans to individuals collateralized by automobiles, pleasure crafts, and recreation vehicles, as well as unsecured short-term time notes. Further, the company provides private banking, financial planning, investment management, and trust services to individuals, businesses, non-profit organizations, and municipalities, as well as payment processing services. It operates through full-service banking offices in Lincoln, Knox, Waldo, Penobscot, Hancock, and Washington counties in the Mid-Coast, Eastern, and Down East regions of Maine. The company was formerly known as First National Lincoln Corporation and changed its name to The First Bancorp, Inc. in April 2008. The First Bancorp, Inc. was founded in 1864 and is based in Damariscotta, Maine.

CEO	Mr. Tony C. McKim
WEBSITE	thefirst.com
INDUSTRY	Banks Diversified
EMPLOYEES	273

First Bancorp Inc-ME Frequently Asked Questions

What is the ticker symbol for First Bancorp Inc-ME? What does FNLC stand for in stocks?

FNLC is the stock ticker symbol of First Bancorp Inc-ME. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of First Bancorp Inc-ME (FNLC)?

As of Fri May 17 2024, market cap of First Bancorp Inc-ME is 270.84 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of FNLC stock?

You can check FNLC's fair value in chart for subscribers.

What is the fair value of FNLC stock?

You can check FNLC's fair value in chart for subscribers. The fair value of First Bancorp Inc-ME is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of First Bancorp Inc-ME is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for FNLC so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is First Bancorp Inc-ME a good stock to buy?

The fair value guage provides a quick view whether FNLC is over valued or under valued. Whether First Bancorp Inc-ME is cheap or expensive depends on the assumptions which impact First Bancorp Inc-ME's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for FNLC.

What is First Bancorp Inc-ME's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, FNLC's PE ratio (Price to Earnings) is 9.82 and Price to Sales (PS) ratio is 2.02. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. FNLC PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on First Bancorp Inc-ME's stock?

In the past 10 years, First Bancorp Inc-ME has provided 0.084 (multiply by 100 for percentage) rate of return.