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First Bancorp
(NASDAQ:FNLC)
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Rating:68Neutral
Price Target:
$36.00
â–²(27.07% Upside)
Action:Reiterated
Date:07/09/26
The score is driven primarily by stable-to-constructive fundamentals (solid profitability and ROE with moderate leverage, but slower growth and some cash-flow-data uncertainty). Technicals add support via an uptrend above major moving averages with healthy (not extreme) momentum. Valuation is a positive contributor with a low P/E and attractive dividend yield, while corporate events are mildly supportive due to dividend growth and orderly leadership transitions.
Positive Factors
Profitability / ROE
Sustained mid-teens ROE and ~21% net margins indicate durable core profitability for a regional bank. This underlying earnings power supports internal capital generation, dividend capacity and reinvestment into lending and operations, making performance less reliant on external financing.
Negative Factors
Slowing Revenue Growth
A meaningful slowdown in top-line growth limits the bank's ability to expand earnings without margin improvements or higher loan volumes. Over several quarters, muted revenue growth increases reliance on cost control or rate spreads to sustain EPS growth and dividend coverage.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability / ROE
Sustained mid-teens ROE and ~21% net margins indicate durable core profitability for a regional bank. This underlying earnings power supports internal capital generation, dividend capacity and reinvestment into lending and operations, making performance less reliant on external financing.
Read all positive factors
First Bancorp Key Performance Indicators (KPIs)
Any
Loan Portfolio By Class
Analyzes the distribution of loans across different classes, providing insight into the bank's lending strategy, risk exposure, and potential income sources.
Analyzes the distribution of loans across different classes, providing insight into the bank's lending strategy, risk exposure, and potential income sources.
Data provided by:
The Fly
The FlyFirst Bancorp (FNLC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$374.69M
Dividend Yield5.24%
Average Volume (3M)18.46K
Price to Earnings (P/E)10.2
Beta (1Y)0.49
Revenue Growth5.29%
EPS Growth28.67%
CountryUS
Employees284
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)3.28
Shares Outstanding11,275,758
10 Day Avg. Volume17,456
30 Day Avg. Volume18,457
Financial Highlights & Ratios
PEG Ratio0.32
Price to Book (P/B)1.03
Price to Sales (P/S)1.65
P/FCF Ratio8.47
Enterprise Value/Market Cap1.36
Enterprise Value/Revenue2.93
Enterprise Value/Gross Profit5.53
Enterprise Value/Ebitda12.28
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
First Bancorp Business Overview & Revenue Model
Company Description
The First Bancorp, Inc. functions as the holding company for First National Bank, providing a comprehensive suite of banking products and financial services to both individual customers and commercial enterprises. Its deposit offerings encompass v...
How the Company Makes Money
FNLC earns most of its income through traditional banking activities conducted by its bank subsidiary. The primary revenue stream is net interest income: the bank collects interest and fees on loans and other interest-earning assets (such as inves...
First Bancorp Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
68
Positive
Cash Flow
54
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 174.04M | 177.61M | 165.43M | 143.62M | 109.91M | 96.46M |
| Gross Profit | 92.15M | 92.87M | 79.74M | 79.46M | 91.29M | 86.06M |
| EBITDA | 41.49M | 44.15M | 34.79M | 37.81M | 49.37M | 45.95M |
| Net Income | 36.31M | 34.39M | 27.05M | 29.52M | 38.99M | 36.27M |
Balance Sheet | ||||||
| Total Assets | 3.20B | 3.17B | 3.16B | 2.95B | 2.74B | 2.53B |
| Cash, Cash Equivalents and Short-Term Investments | 23.61M | 296.38M | 324.42M | 317.48M | 310.93M | 407.88M |
| Total Debt | 195.80M | 187.82M | 146.28M | 69.65M | 103.48M | 136.34M |
| Total Liabilities | 2.91B | 2.88B | 2.90B | 2.70B | 2.51B | 2.28B |
| Stockholders Equity | 286.78M | 283.14M | 252.49M | 243.08M | 228.92M | 245.66M |
Cash Flow | ||||||
| Free Cash Flow | 56.01M | 34.59M | 24.57M | 34.28M | 39.81M | 52.94M |
| Operating Cash Flow | 58.41M | 37.81M | 26.05M | 36.92M | 41.21M | 56.69M |
| Investing Cash Flow | -9.05M | -3.00M | -217.42M | -199.81M | -247.58M | -201.75M |
| Financing Cash Flow | -52.18M | -34.67M | 187.07M | 172.10M | 208.46M | 139.48M |
First Bancorp Technical Analysis
Positive
28.33
Price Trends
30.18
Positive
28.98
Positive
27.21
Positive
Market Momentum
1.25
Positive
59.51
Neutral
15.68
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FNLC, the sentiment is Positive. The current price of 28.33 is below the 20-day moving average (MA) of 32.67, below the 50-day MA of 30.18, and above the 200-day MA of 27.21, indicating a bullish trend. The MACD of 1.25 indicates Positive momentum. The RSI at 59.51 is Neutral, neither overbought nor oversold. The STOCH value of 15.68 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FNLC.
First Bancorp Risk Analysis
First Bancorp disclosed 32 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
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | $402.42M | 10.15 | 10.43% | 3.57% | 8.84% | 43.25% | |
76 Outperform | $400.60M | 12.08 | 13.34% | 2.63% | 21.59% | -4.49% | |
75 Outperform | $336.92M | 8.71 | 11.89% | 3.38% | 3.42% | 38.40% | |
73 Outperform | $359.20M | 7.81 | 12.62% | 4.11% | -4.89% | -7.62% | |
68 Neutral | $374.69M | 10.23 | 13.08% | 5.24% | 5.29% | 28.67% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
60 Neutral | $349.33M | 11.78 | 8.48% | 3.59% | 3.42% | 63.88% |
* Financial Sector Average
FNLC
First Bancorp
33.54
8.86
35.91%
NECB
Northeast Community Bancorp
25.92
2.96
12.90%
PLBC
Plumas Bancorp
57.85
13.00
28.98%
WSBF
Waterstone Financial
19.55
6.35
48.05%
CZFS
Citizens Financial Services
71.45
9.78
15.85%
PCB
PCB Bancorp
28.63
7.31
34.32%
First Bancorp Corporate Events
Business Operations and StrategyExecutive/Board Changes
First Bancorp Announces CIO Leadership Transition at Subsidiary
Positive
Jul 8, 2026
First National Bank, a subsidiary of First Bancorp, has marked a major leadership transition in its technology organization following the retirement of Executive Vice President and Chief Information Officer Tammy Plummer, who concluded a 41-year c...
Dividends
First Bancorp extends streak with higher quarterly dividend
Positive
Jun 25, 2026
On June 25, 2026, The First Bancorp, parent of First National Bank, declared a second-quarter cash dividend of $0.38 per share, up one cent from the dividends paid in each of the prior four quarters and payable on July 17, 2026, to shareholders of...
Shareholder Meetings
First Bancorp Announces Results of Recent Shareholder Vote
Neutral
May 1, 2026
First Bancorp reported developments related to its operations as disclosed on page 1 of its latest communication, but the specific financial figures, strategic actions, or detailed outcomes are not available in the provided excerpt. As a result, a...
Executive/Board Changes
First Bancorp Names Cornelius Russell New Board Chair
Positive
May 1, 2026
On April 29, 2026, The First Bancorp announced that its board of directors elected Cornelius “Connie” Russell as chair of the board, marking a leadership transition at the parent company of First National Bank. Russell, a director sinc...
Business Operations and StrategyRegulatory Filings and Compliance
First Bancorp Updates Corporate Bylaws and Governance Framework
Neutral
May 1, 2026
On April 29, 2026, First Bancorp amended its corporate bylaws, formalizing governance changes approved by the company on that date. The revisions, documented in an updated bylaws document, signal an adjustment to the firm’s governing framewo...
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.