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The First Bancorp Inc (FNLC)
:FNLC
US Market
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First Bancorp (FNLC) AI Stock Analysis

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FNLC

First Bancorp

(NASDAQ:FNLC)

Rating:81Outperform
Price Target:
$29.00
▲(16.56%Upside)
First Bancorp's overall stock score is driven by its strong financial performance, attractive valuation, and positive corporate events. The increase in dividends and robust cash flow management are significant strengths. The technical indicators offer mixed signals, warranting cautious optimism. With a solid financial base and shareholder-friendly policies, FNLC is well-positioned for stability and growth.

First Bancorp (FNLC) vs. SPDR S&P 500 ETF (SPY)

First Bancorp Business Overview & Revenue Model

Company DescriptionFirst Bancorp (FNLC) is a financial services company that primarily operates in the banking sector. The company offers a range of personal and commercial banking services, including deposit accounts, loans, mortgages, and investment services. It serves a diverse clientele, including individuals, small to medium-sized businesses, and larger corporations, primarily within its regional footprint.
How the Company Makes MoneyFirst Bancorp makes money through various revenue streams, primarily interest income from loans and mortgages offered to its customers. The company also earns revenue from fees associated with its banking services, such as account maintenance fees, transaction fees, and service charges. Additionally, First Bancorp generates income from investment services and wealth management offerings. Key partnerships with financial technology providers and other financial institutions may also contribute to its revenue by expanding its service offerings and customer base.

First Bancorp Financial Statement Overview

Summary
First Bancorp exhibits strong financial health with robust profitability and stable cash flows. The company's low leverage and effective equity utilization underpin its financial stability. While the income statement reflects strong revenue and profit growth, attention should be given to managing operating costs to sustain margins. The balance sheet's low equity ratio suggests maintaining a prudent approach to leverage and asset management.
Income Statement
85
Very Positive
The income statement shows strong profitability with a high net profit margin of 18.18% in the latest year. Revenue growth is robust, increasing significantly year-over-year. The gross profit margin remains strong at 100% due to the nature of the banking industry. However, the EBIT margin has decreased slightly, indicating higher operating costs.
Balance Sheet
75
Positive
The balance sheet indicates a solid equity base with a low debt-to-equity ratio, reflecting minimal leverage. The equity ratio stands at 8.19%, showing a stable capital structure. Return on equity is excellent at 10.83%, indicating effective use of equity to generate profits. However, the relatively low stockholders' equity poses a potential risk to financial stability if asset values fluctuate.
Cash Flow
80
Positive
Cash flow from operations is strong, demonstrating effective cash generation from core activities. The free cash flow to net income ratio is favorable, indicating good conversion of profits into cash. Free cash flow growth is positive, despite some volatility in investing cash flows. Overall, the cash flow position supports ongoing operations and strategic initiatives.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue164.11M79.46M93.04M85.69M77.95M
Gross Profit80.50M79.46M93.04M85.69M77.95M
EBITDA0.0036.15M47.13M40.51M29.73M
Net Income27.05M29.52M38.99M36.27M27.13M
Balance Sheet
Total Assets3.16B2.95B2.74B2.53B2.36B
Cash, Cash Equivalents and Short-Term Investments300.87M311.09M310.93M407.88M395.74M
Total Debt95.00M20.08M103.48M136.34M262.04M
Total Liabilities2.90B2.70B2.51B136.34M2.14B
Stockholders Equity252.49M243.08M228.92M245.66M223.73M
Cash Flow
Free Cash Flow24.57M34.28M39.81M52.94M20.16M
Operating Cash Flow26.05M36.92M41.21M56.69M22.70M
Investing Cash Flow-217.42M-199.81M-247.58M-201.75M-250.07M
Financing Cash Flow187.07M172.10M208.46M139.48M239.15M

First Bancorp Technical Analysis

Technical Analysis Sentiment
Negative
Last Price24.88
Price Trends
50DMA
24.80
Positive
100DMA
24.37
Positive
200DMA
25.15
Negative
Market Momentum
MACD
0.43
Positive
RSI
43.54
Neutral
STOCH
41.37
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FNLC, the sentiment is Negative. The current price of 24.88 is below the 20-day moving average (MA) of 26.00, above the 50-day MA of 24.80, and below the 200-day MA of 25.15, indicating a neutral trend. The MACD of 0.43 indicates Positive momentum. The RSI at 43.54 is Neutral, neither overbought nor oversold. The STOCH value of 41.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FNLC.

First Bancorp Risk Analysis

First Bancorp disclosed 35 risk factors in its most recent earnings report. First Bancorp reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

First Bancorp Peers Comparison

Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
81
Outperform
$278.71M10.3011.76%5.83%12.08%9.69%
80
Outperform
$292.30M11.279.90%2.72%7.07%24.85%
79
Outperform
$353.68M11.4214.76%1.85%6.08%-23.52%
78
Outperform
$297.20M11.097.60%3.66%14.10%11.51%
75
Outperform
$279.93M10.209.62%3.37%9.53%63.45%
73
Outperform
$367.68M16.706.58%4.79%58.67%
68
Neutral
$17.10B11.449.70%3.58%11.11%-4.78%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
FNLC
First Bancorp
24.88
-2.94
-10.57%
CBAN
Colony Bankcorp
16.74
1.75
11.67%
SFST
Southern First Bancshares
45.01
9.13
25.45%
CZFS
Citizens Financial Services
58.00
3.54
6.50%
PCB
PCB Bancorp
20.77
1.73
9.09%
OBT
Orange County Bancorp
26.40
-4.04
-13.27%

First Bancorp Corporate Events

Dividends
First Bancorp Announces Increased Quarterly Dividend
Positive
Jun 26, 2025

On June 26, 2025, The First Bancorp announced a quarterly cash dividend of 37 cents per share, payable on July 18, 2025, to shareholders of record as of July 8, 2025. This marks an increase of one cent per share from previous quarters, continuing the company’s 11-year trend of raising dividends. The dividend increase reflects the Board’s commitment to shareholder participation in the company’s success, offering an attractive yield of 5.99% based on the closing share price of $24.70 on June 25, 2025.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jul 25, 2025