Financial Services -
Banks - Regional - NASDAQ - US
$ 24.15
-1.19 %
$ 270 M
Market Cap
9.94
P/E
1. INTRINSIC VALUE
Balance Sheet
The First Bancorp, Inc.
| Current Assets | 316 M |
| Cash & Short-Term Investments | 301 M |
| Receivables | 14 M |
| Other Current Assets | 1.47 M |
| Non-Current Assets | 58.7 M |
| Long-Term Investments | 1.03 M |
| PP&E | 27.9 M |
| Other Non-Current Assets | 29.8 M |
| Current Liabilities | 0 |
| Accounts Payable | 0 |
| Short-Term Debt | 0 |
| Other Current Liabilities | 0 |
| Non-Current Liabilities | 95 M |
| Long-Term Debt | 95 M |
| Other Non-Current Liabilities | 0 |
EFFICIENCY
Earnings Waterfall
The First Bancorp, Inc.
| Revenue | 80.5 M |
| Cost Of Revenue | 0 |
| Gross Profit | 80.5 M |
| Operating Expenses | 80.5 M |
| Operating Income | 3.09 B |
| Other Expenses | 3.07 B |
| Net Income | 27 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
The First Bancorp, Inc.
| Net Income | 27 M |
| Depreciation & Amortization | 2.21 M |
| Capital Expenditures | -1.48 M |
| Stock-Based Compensation | 895 K |
| Change in Working Capital | -6.34 M |
| Others | 26 B |
| Free Cash Flow | 24.6 B |
Wall Street Analysts Price Targets
The First Bancorp, Inc.
FNLC has no price targets from Wall Street.
4. DIVIDEND
ANALYSIS
1.27%
DIVIDEND YIELD
0.36 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
The First Bancorp, Inc.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
14.5 K USD 1
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
28.4 K USD 1
9-12 MONTHS
7. News
The First Bancorp Declares First Quarter Dividend
DAMARISCOTTA, Maine--(BUSINESS WIRE)--The First Bancorp (NASDAQ: FNLC), the parent company of First National Bank, today declared a quarterly cash dividend of 36 cents per share. This first quarter dividend is payable April 18, 2025 to shareholders of record as of April 8, 2025. "I am pleased to announce that the Board of Directors has authorized a dividend of 36 cents per share for the first quarter of 2025," remarked President & Chief Executive Officer, Tony C. McKim. "The quarterly divid.
businesswire.com
- 2 weeks ago
The First Bancorp Declares Fourth Quarter Dividend
DAMARISCOTTA, Maine--(BUSINESS WIRE)--The First Bancorp (NASDAQ: FNLC), the parent company of First National Bank, today declared a quarterly cash dividend of 36 cents per share. This fourth quarter dividend is payable January 16, 2025 to shareholders of record as of January 6, 2025. "As we approach 2024 year-end, I am pleased to announce a dividend of 36 cents per share for the fourth quarter," remarked President & Chief Executive Officer, Tony C. McKim. "The quarterly dividend continues t.
businesswire.com
- 3 months ago
The First Bancorp Declares Third Quarter Dividend
DAMARISCOTTA, Maine--(BUSINESS WIRE)--The First Bancorp (NASDAQ: FNLC), the parent company of First National Bank, today declared a quarterly cash dividend of 36 cents per share. This third quarter dividend is payable October 18, 2024 to shareholders of record as of October 8, 2024. "I'm pleased to announce a dividend of 36 cents per share for the third quarter," remarked President & Chief Executive Officer, Tony C. McKim. "The quarterly dividend remains an important component of the value.
businesswire.com
- 6 months ago
4 Upcoming Dividend Increases Including A King
Four dividend increases this week, including Universal Corporation, with a 1.25% increase, extending its 53-year dividend growth streak. My investment strategy involves buying companies with consistent dividend growth and beating benchmarks. I share data on companies with consistent dividend growth history merged with other metrics to find valuable investment ideas.
seekingalpha.com
- 9 months ago
The First Bancorp Announces First Quarter Results
DAMARISCOTTA, Maine--(BUSINESS WIRE)--The First Bancorp (Nasdaq: FNLC), parent company of First National Bank, today announced operating results for the three months ended March 31, 2024. Unaudited net income for the period was $6.0 million as compared to net income of $8.0 million for the quarter ended March 31, 2023, and net income of $6.7 million for the prior quarter ended December 31, 2023. Diluted earnings per share were $0.54, $0.72 and $0.60 for those same periods, respectively. CEO COM.
businesswire.com
- 11 months ago
The First Bancorp Declares First Quarter Dividend
DAMARISCOTTA, Maine--(BUSINESS WIRE)--The First Bancorp (NASDAQ: FNLC), the parent company of First National Bank, today declared a quarterly cash dividend of 35 cents per share. This first quarter dividend is payable April 19, 2024 to shareholders of record as of April 9, 2024. "I'm pleased to announce a first quarter dividend of 35 cents per share", remarked President & Chief Executive Officer, Tony C. McKim. "The quarterly dividend remains an important component of the value we offer our.
businesswire.com
- 1 year ago
7 Wise Stock Picks for the Risk-Averse Investor
The allure of risk-averse stocks remains as pronounced as ever, given the current headwinds facing the stock market. This volatile environment and economic indicators clouded by uncertainty pave the way for an investment strategy rooted in caution yet poised for growth.
investorplace.com
- 1 year ago
The First Bancorp Reports Results for 2023
DAMARISCOTTA, Maine--(BUSINESS WIRE)--The First Bancorp (Nasdaq: FNLC), parent company of First National Bank, today announced operating results for the year ended December 31, 2023. Unaudited net income was $29.5 million, a decrease of 24.3% from the $39.0 million reported for the year ended December 31, 2022. Earnings per common share on a fully diluted basis were down $0.87 to $2.66 per share, a decrease of 24.6% from the prior year. The Company also announced operating results for the three.
businesswire.com
- 1 year ago
The First Bancorp Declares Fourth Quarter Dividend
DAMARISCOTTA, Maine--(BUSINESS WIRE)--The First Bancorp (NASDAQ: FNLC), the parent company of First National Bank, today declared a quarterly cash dividend of 35 cents per share. This fourth quarter dividend is payable January 19, 2024 to shareholders of record as of January 8, 2024. "I'm pleased to announce a fourth quarter dividend of 35 cents per share", remarked President & Chief Executive Officer, Tony C. McKim. "The quarterly dividend continues to be an important part of the value we.
businesswire.com
- 1 year ago
The First Bancorp Announces Third Quarter Earnings
DAMARISCOTTA, Maine--(BUSINESS WIRE)--The First Bancorp (Nasdaq: FNLC), parent company of First National Bank, today announced operating results for the three months ended September 30, 2023. Unaudited net income for the period was $7.5 million representing an increase of 1.1% from the second quarter of 2023. Diluted earnings per share were $0.67, level with the prior quarter. The Company also reported results for the nine months ended September 30, 2023. Net income year-to-date in 2023 was $22.
businesswire.com
- 1 year ago
Dividend Champion, Contender, And Challenger Highlights: Week Of October 15
A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies which changed their dividends. Companies with upcoming ex-dividend dates.
seekingalpha.com
- 1 year ago
The First Bancorp Declares Third Quarter Dividend
DAMARISCOTTA, Maine--(BUSINESS WIRE)--The First Bancorp (NASDAQ: FNLC), the parent company of First National Bank, today declared a quarterly cash dividend of 35 cents per share. This third quarter dividend is payable October 20, 2023 to shareholders of record as of October 10, 2023. "I'm pleased to announce a third quarter dividend of 35 cents per share", remarked President & Chief Executive Officer, Tony C. McKim. "The quarterly dividend is an important part of the value we offer our shar.
businesswire.com
- 1 year ago
8. Profile
Summary
The First Bancorp, Inc. FNLC
COUNTRY
US
INDUSTRY
Banks - Regional
MARKET CAP
$ 270 M
Dividend Yield
1.27%
Description
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 offers various deposit products, including demand, NOW, savings, money market, and certificates of deposit accounts. The company also 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 18 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.
Contact
223 Main Street, Damariscotta, ME, 04543
https://www.thefirst.com
IPO
Date
July 14, 1999
Employees
284
Officers
Mr. Christopher J. Austin
Chief Legal Counsel & Executive Vice President
Mr. Tony C. McKim
President, Chief Executive Officer & Director
Mr. Richard M. Elder
Executive Vice President, Chief Financial Officer & Treasurer