First Bancorp Management
Management criteria checks 4/4
First Bancorp's CEO is Tony McKim, appointed in Jan 2015, has a tenure of 9.25 years. total yearly compensation is $1.26M, comprised of 61.7% salary and 38.3% bonuses, including company stock and options. directly owns 1.15% of the company’s shares, worth $2.88M. The average tenure of the management team and the board of directors is 9.3 years and 14.7 years respectively.
Key information
Tony McKim
Chief executive officer
US$1.3m
Total compensation
| CEO salary percentage | 61.7% |
| CEO tenure | 9.3yrs |
| CEO ownership | 1.1% |
| Management average tenure | 9.3yrs |
| Board average tenure | 14.7yrs |
Recent management updates
Most Shareholders Will Probably Agree With The First Bancorp, Inc.'s (NASDAQ:FNLC) CEO Compensation
Apr 23
Should You Take Comfort From Insider Transactions At The First Bancorp, Inc. (NASDAQ:FNLC)?
Mar 15Recent updates
First Bancorp (NASDAQ:FNLC) Is Paying Out A Dividend Of $0.35
Dec 26First Bancorp's (NASDAQ:FNLC) Dividend Will Be Increased To $0.35
Jul 04First Bancorp GAAP EPS of $0.91, revenue of $24.35M
Oct 19First Bancorp declares $0.34 dividend
Sep 21First Bancorp: A Strong-Performing Bank With A 4%+ Dividend Yield
Aug 16The First Bancorp: Collect A Paycheck, Get Raises
Jul 13First Bancorp declares $0.34 dividend
Jul 07First Bancorp (NASDAQ:FNLC) Is Increasing Its Dividend To US$0.34
Jul 05First Bancorp rises dividend 6.3% to 0.34/share
Jun 30First Bancorp: Wait For Better Performance
Feb 02The First Bancorp: A High Quality Bank With Decent Upside Potential
Sep 02Most Shareholders Will Probably Agree With The First Bancorp, Inc.'s (NASDAQ:FNLC) CEO Compensation
Apr 23Should You Take Comfort From Insider Transactions At The First Bancorp, Inc. (NASDAQ:FNLC)?
Mar 15Is The First Bancorp, Inc. (NASDAQ:FNLC) A Smart Choice For Dividend Investors?
Feb 22What Is The Ownership Structure Like For The First Bancorp, Inc. (NASDAQ:FNLC)?
Jan 27Why You Might Be Interested In The First Bancorp, Inc. (NASDAQ:FNLC) For Its Upcoming Dividend
Jan 01
First Bancorp (NASDAQ:FNLC) Has Compensated Shareholders With A Respectable 50% Return On Their Investment
Dec 25First Bancorp declares $0.31 dividend
Dec 17Are Insiders Buying The First Bancorp, Inc. (NASDAQ:FNLC) Stock?
Dec 04The First Bancorp: Pricey After A Major Move
Nov 10CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | US$28m |
| Dec 31 2023 | US$1m | US$775k | US$30m |
| Sep 30 2023 | n/a | n/a | US$32m |
| Jun 30 2023 | n/a | n/a | US$35m |
| Mar 31 2023 | n/a | n/a | US$37m |
| Dec 31 2022 | US$1m | US$670k | US$39m |
| Sep 30 2022 | n/a | n/a | US$39m |
| Jun 30 2022 | n/a | n/a | US$38m |
| Mar 31 2022 | n/a | n/a | US$37m |
| Dec 31 2021 | US$1m | US$610k | US$36m |
| Sep 30 2021 | n/a | n/a | US$34m |
| Jun 30 2021 | n/a | n/a | US$32m |
| Mar 31 2021 | n/a | n/a | US$30m |
| Dec 31 2020 | US$1m | US$575k | US$27m |
| Sep 30 2020 | n/a | n/a | US$27m |
| Jun 30 2020 | n/a | n/a | US$26m |
| Mar 31 2020 | n/a | n/a | US$26m |
| Dec 31 2019 | US$956k | US$545k | US$26m |
| Sep 30 2019 | n/a | n/a | US$25m |
| Jun 30 2019 | n/a | n/a | US$25m |
| Mar 31 2019 | n/a | n/a | US$24m |
| Dec 31 2018 | US$858k | US$520k | US$24m |
| Sep 30 2018 | n/a | n/a | US$22m |
| Jun 30 2018 | n/a | n/a | US$21m |
| Mar 31 2018 | n/a | n/a | US$20m |
| Dec 31 2017 | US$736k | US$475k | US$20m |
Compensation vs Market: Tony's total compensation ($USD1.26M) is about average for companies of similar size in the US market ($USD1.63M).
Compensation vs Earnings: Tony's compensation has been consistent with company performance over the past year.
CEO
Tony McKim (56 yo)
9.3yrs
Tenure
US$1,256,221
Compensation
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...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 9.3yrs | US$1.26m | 1.15% $ 2.9m | |
| Executive VP | 7.3yrs | US$442.31k | 0.24% $ 595.1k | |
| Executive VP & Clerk | 15.3yrs | US$459.08k | 0.31% $ 773.8k |
9.3yrs
Average Tenure
58yo
Average Age
Experienced Management: FNLC's management team is seasoned and experienced (9.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 19.3yrs | US$1.26m | 1.15% $ 2.9m | |
| Independent Director | 27.3yrs | US$35.15k | 1.05% $ 2.6m | |
| Independent Director | 37.3yrs | US$29.95k | 0.55% $ 1.4m | |
| Independent Director | 6yrs | US$37.25k | 0.39% $ 988.9k | |
| Independent Chairman | 25.3yrs | US$35.15k | 0.21% $ 522.2k | |
| Independent Director | 10.2yrs | US$35.25k | 0.11% $ 273.1k | |
| Independent Director | 8.3yrs | US$38.85k | 0.078% $ 196.2k | |
| Independent Director | 2.9yrs | US$33.45k | 0.12% $ 301.8k |
14.7yrs
Average Tenure
65yo
Average Age
Experienced Board: FNLC's board of directors are seasoned and experienced ( 14.7 years average tenure).