First Bancorp (FNLC) AI Stock Analysis

• Market Cap: $295.17M
• Dividend Yield: 5.44%
• Average Volume (3M): 23.95K
• Price to Earnings (P/E): 10.2
• Beta (1Y): 0.65
• Revenue Growth: 12.08%
• EPS Growth: 9.69%
• Country: US
• Employees: 284
• Sector: Financial
• Sector Strength: 71
• Industry: Banks - Regional
• EPS (TTM): 0.63
• Shares Outstanding: 11,210,588
• 10 Day Avg. Volume: 16,113
• 30 Day Avg. Volume: 23,954
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.54
• Enterprise Value/Revenue: 3.70
• Enterprise Value/Gross Profit: 3.70
• Enterprise Value/Ebitda: 25.10
• 1Y Price Target: $29.00
• Price Target Upside: 11.20% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 77 Outperform
• Price Target: $29.00 ▲(11.20% Upside)

First Bancorp's strong financial performance and attractive valuation are the primary drivers of its overall score. The company's consistent revenue growth and solid profitability, combined with a low P/E ratio and high dividend yield, make it an appealing investment. However, the technical indicators suggest a neutral trend, which slightly tempers the overall score.

First Bancorp Business Overview & Revenue Model

Company 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.

How the Company Makes Money

First Bancorp generates revenue primarily through interest income from loans and investment securities, as well as non-interest income derived from service charges, fees, and wealth management services. The company earns interest income by lending to consumers and businesses, with loans making up a significant portion of its assets. Additionally, FNLC receives fees from its deposit accounts and other banking services, contributing to its non-interest income. The bank's commitment to community banking and customer service has fostered strong relationships, leading to customer loyalty and steady deposit growth. Strategic partnerships with other financial institutions and investment firms may also enhance FNLC's service offerings, which can further contribute to its overall earnings.

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

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

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

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.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	164.11M	79.46M	93.04M	85.69M	77.95M
Gross Profit	80.50M	79.46M	93.04M	85.69M	77.95M
EBITDA	0.00	36.15M	47.13M	40.51M	29.73M
Net Income	27.05M	29.52M	38.99M	36.27M	27.13M
Balance Sheet
Total Assets	3.16B	2.95B	2.74B	2.53B	2.36B
Cash, Cash Equivalents and Short-Term Investments	300.87M	311.09M	310.93M	407.88M	395.74M
Total Debt	95.00M	20.08M	103.48M	136.34M	262.04M
Total Liabilities	2.90B	2.70B	2.51B	136.34M	2.14B
Stockholders Equity	252.49M	243.08M	228.92M	245.66M	223.73M
Cash Flow
Free Cash Flow	24.57M	34.28M	39.81M	52.94M	20.16M
Operating Cash Flow	26.05M	36.92M	41.21M	56.69M	22.70M
Investing Cash Flow	-217.42M	-199.81M	-247.58M	-201.75M	-250.07M
Financing Cash Flow	187.07M	172.10M	208.46M	139.48M	239.15M

First Bancorp Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 26.08
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 26.08 is above the 20-day moving average (MA) of 25.70, above the 50-day MA of 25.21, and above the 200-day MA of 25.17, indicating a bullish trend. The MACD of 0.13 indicates Negative momentum. The RSI at 54.95 is Neutral, neither overbought nor oversold. The STOCH value of 85.09 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FNLC.

First Bancorp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PCB	78 Outperform	$313.25M	10.23	8.63%	3.59%	11.93%	29.49%
FNLC	77 Outperform	$295.17M	10.16	11.76%	5.44%	12.08%	9.69%
CBAN	77 Outperform	$286.89M	10.41	9.90%	2.70%	7.07%	24.85%
OBT	75 Outperform	$331.80M	9.71	13.74%	1.97%	6.60%	-16.86%
CZFS	75 Outperform	$281.08M	8.88	10.53%	3.51%	2.41%	15.34%
SFST	73 Outperform	$346.45M	15.71	6.58%	―	4.79%	58.67%
Sector *	68 Neutral	$17.51B	11.65	10.43%	3.82%	9.93%	1.68%

First Bancorp Corporate Events

First Bancorp Announces Increased Quarterly Dividend

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.