The First Bancorp, Inc. operates as the holding company for First National Bank that provides a range of banking products and services to individual and corporate customers. More Details
No risks detected for FNLC from our risk checks.
Flawless balance sheet established dividend payer.
Share Price & News
How has First Bancorp's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FNLC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: FNLC's weekly volatility (4%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: FNLC underperformed the US Banks industry which returned 59.1% over the past year.
Return vs Market: FNLC exceeded the US Market which returned 35.9% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is First Bancorp's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StThe First Bancorp, Inc. (NASDAQ:FNLC) Passed Our Checks, And It's About To Pay A US$0.32 Dividend
2 months ago | Simply Wall StFirst Bancorp (NASDAQ:FNLC) Has Compensated Shareholders With A Respectable 93% Return On Their Investment
3 months ago | Simply Wall StMost Shareholders Will Probably Agree With The First Bancorp, Inc.'s (NASDAQ:FNLC) CEO Compensation
Is First Bancorp undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FNLC ($29.06) is trading below our estimate of fair value ($39.03)
Significantly Below Fair Value: FNLC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FNLC is good value based on its PE Ratio (9.9x) compared to the US Banks industry average (10.7x).
PE vs Market: FNLC is good value based on its PE Ratio (9.9x) compared to the US market (18.1x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate FNLC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: FNLC is overvalued based on its PB Ratio (1.4x) compared to the US Banks industry average (1.1x).
How is First Bancorp forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Banks industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as First Bancorp has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has First Bancorp performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FNLC has high quality earnings.
Growing Profit Margin: FNLC's current net profit margins (41.2%) are higher than last year (37.8%).
Past Earnings Growth Analysis
Earnings Trend: FNLC's earnings have grown by 11.7% per year over the past 5 years.
Accelerating Growth: FNLC's earnings growth over the past year (22%) exceeds its 5-year average (11.7% per year).
Earnings vs Industry: FNLC earnings growth over the past year (22%) underperformed the Banks industry 35%.
Return on Equity
High ROE: FNLC's Return on Equity (13.6%) is considered low.
How is First Bancorp's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: FNLC's Assets to Equity ratio (10.5x) is moderate.
Allowance for Bad Loans: FNLC has a sufficient allowance for bad loans (239%).
Low Risk Liabilities: 88% of FNLC's liabilities are made up of primarily low risk sources of funding.
Loan Level: FNLC has an appropriate level of Loans to Assets ratio (64%).
Low Risk Deposits: FNLC's Loans to Deposits ratio (80%) is appropriate.
Level of Bad Loans: FNLC has an appropriate level of bad loans (0.5%).
What is First Bancorp current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FNLC's dividend (4.4%) is higher than the bottom 25% of dividend payers in the US market (1.31%).
High Dividend: FNLC's dividend (4.4%) is in the top 25% of dividend payers in the US market (3.55%)
Stability and Growth of Payments
Stable Dividend: FNLC's dividends per share have been stable in the past 10 years.
Growing Dividend: FNLC's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (42.7%), FNLC's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Tony McKim (54 yo)
Mr. Tony C. McKim has been the Chief Executive Officer of First National Bank and The First Bancorp, Inc. since January 5, 2015. Mr. McKim has been the President of The First Bancorp, Inc. and First Nation...
CEO Compensation Analysis
Compensation vs Market: Tony's total compensation ($USD1.04M) is below average for companies of similar size in the US market ($USD1.74M).
Compensation vs Earnings: Tony's compensation has been consistent with company performance over the past year.
Experienced Management: FNLC's management team is considered experienced (3.3 years average tenure).
Experienced Board: FNLC's board of directors are considered experienced (7.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FNLC insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
The First Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: The First Bancorp, Inc.
- Ticker: FNLC
- Exchange: NasdaqGS
- Founded: 1864
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$319.302m
- Shares outstanding: 10.99m
- Website: https://www.thefirst.com
Number of Employees
- The First Bancorp, Inc.
- 223 Main Street
- United States
The First Bancorp, Inc. operates as the holding company for First National Bank that provides a range of banking products and services to individual and corporate customers. It offers various deposit produ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/08/01 22:03|
|End of Day Share Price||2021/07/30 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.