First Stock Financials

FNLC Stock  USD 30.20  0.42  1.37%   
First Bancorp Free Cash Flow is projected to increase significantly based on the last few years of reporting. The past year's Free Cash Flow was at 60.88 Million.
  
With this module, you can analyze First financials for your investing period. You should be able to track the changes in First Bancorp individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.

First Most Recent Estimates

Quarterly Earnings Growth
(0.046) 
Diluted Eps
3.53
Earnings Share
3.53
Understanding current and past First Bancorp Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of First Bancorp's financial statements are interrelated, with each one affecting the others. For example, an increase in First Bancorp's assets may result in an increase in income on the income statement.

Revenues

76.97 Million

The financial analysis of First Bancorp is a critical element in measuring its lifeblood. The essential information of the day-to-day investment outlook for First Bancorp includes many different criteria found on its balance sheet. For example, investors should never minimize First Bancorp's ability to pay suppliers or employees on time, making sure interest payments are not accumulating or correctly timing where and how to re-invest extra cash. Any individual investor needs to monitor First Bancorp's cash flow, debt, and profitability to effectively and accurately make more informed decisions on whether to invest in First Bancorp.

First Bancorp Cash

Chance Of Financial Distress
Less than 39
First Bancorp has less than 39 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for First Bancorp stock is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity. More Info
The data published in First Bancorp's official financial statements usually reflect First Bancorp's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of First Bancorp. For example, before you start analyzing numbers published by First accountants, it's critical to develop an understanding of what First Bancorp's liquidity, profitability, and earnings quality are in the context of the Banks space in which it operates.
Please note, the presentation of First Bancorp's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, First Bancorp's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in First Bancorp's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of First Bancorp. Please utilize our Beneish M Score to check the likelihood of First Bancorp's management to manipulate its earnings.

First Bancorp Company Summary

First Bancorp competes with Direct Communication, Space Communication, Partner Communications, United States, and Chunghwa Telecom. 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. The First Bancorp, Inc. was founded in 1864 and is based in Damariscotta, Maine. First Bancorp operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 267 people.
Specialization
Financial Services, Banks-Regional
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
CIK Number0000765207
ISINUS31866P1021
RegionNorth America
Business Address223 Main Street,
SectorBanks
IndustryFinancials
BenchmarkNYSE Composite
Websitewww.thefirst.com
Phone207 563 3195
CurrencyUSD - US Dollar
You should never invest in First Bancorp without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of First Stock, because this is throwing your money away. Analyzing the key information contained in First Bancorp's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

First Bancorp Key Financial Ratios

Generally speaking, First Bancorp's financial ratios allow both analysts and investors to convert raw data from First Bancorp's financial statements into concise, actionable information that can be used to evaluate the performance of First Bancorp over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that First Bancorp reports annually and quarterly.

First Bancorp Key Balance Sheet Accounts

201820192020202120222023 (projected)
Long Term Debt65.11 M10.11 M55.1 M55.09 M63.35 M89.14 M
Accumulated Other Comprehensive Income(3.77 M)3.6 M(28 K)(1.7 M)(1.53 M)(1.57 M)
Total Assets1.94 B2.07 B2.36 B2.53 B2.27 B1.94 B
Cash and Equivalents31.21 M25.74 M82.36 M87.31 M78.58 M84.78 M
Cash and Equivalents USD31.21 M25.74 M82.36 M87.31 M100.41 M108.34 M
Total Debt210.32 M184.96 M262.04 M136.34 M122.71 M169.71 M
Total Debt USD210.32 M184.96 M262.04 M136.34 M122.71 M169.71 M
Deposit Liabilities1.53 B1.65 B1.84 B2.12 B2.44 B2.06 B
Shareholders Equity191.54 M212.51 M223.73 M245.66 M221.09 M192.13 M
Shareholders Equity USD191.54 M212.51 M223.73 M245.66 M282.51 M254.46 M
Investments1.81 B1.94 B2.16 B2.33 B2.68 B2.37 B
Total Liabilities1.75 B1.86 B2.14 B2.28 B2.05 B1.75 B
Property Plant and Equipment Net22.06 M21.3 M27.25 M28.95 M33.29 M30.9 M
Accumulated Retained Earnings Deficit132.46 M144.84 M158.36 M180.42 M207.48 M178.91 M

First Bancorp Key Income Statement Accounts

An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket. The other reason investors look at the income statement is to determine what First Bancorp's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201820192020202120222023 (projected)
Consolidated Income23.54 M25.52 M27.13 M36.27 M41.71 M33.48 M
Earning Before Interest and Taxes EBIT27.84 M30.26 M32.25 M43.91 M50.5 M41.03 M
Earning Before Interest and Taxes USD27.84 M30.26 M32.25 M43.91 M50.5 M41.03 M
Gross Profit61.31 M65.43 M71.9 M86.06 M98.97 M85.11 M
Net Income23.54 M25.52 M27.13 M36.27 M32.64 M35.22 M
Net Income Common Stock23.54 M25.52 M27.13 M36.27 M41.71 M33.48 M
Net Income Common Stock USD23.54 M25.52 M27.13 M36.27 M41.71 M33.48 M
Operating Expenses33.47 M35.17 M39.65 M42.15 M48.47 M44.08 M
Operating Income27.84 M30.26 M32.25 M43.91 M50.5 M41.03 M
Revenues83.14 M92.84 M95.24 M96.46 M86.82 M76.97 M
Revenues USD61.31 M65.43 M71.9 M86.06 M98.97 M85.11 M
Selling General and Administrative Expense32.2 M34.69 M38.56 M41.26 M47.44 M42.87 M
Weighted Average Shares10.78 M10.82 M10.86 M10.9 M9.81 M9.59 M
Weighted Average Shares Diluted10.85 M10.89 M10.93 M10.99 M9.89 M9.65 M
Income Tax Expense4.31 M4.74 M5.12 M7.64 M8.79 M7.55 M

First Bancorp Key Cash Accounts

Cash flow analysis captures how much money flows into and out of First Bancorp. It measures of how well First is doing because it can show the actual money that comes into and out of the company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money First Bancorp brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money First had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what First Bancorp has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
201820192020202120222023 (projected)
Capital Expenditure(1.48 M)(1.57 M)(2.47 M)(3.75 M)(3.38 M)(3.47 M)
Depreciation Amortization and Accretion1.79 M1.94 M2.22 M2.04 M2.34 M2.25 M
Net Cash Flow or Change in Cash and Cash Equivalents(73 K)(4.7 M)11.78 M(5.58 M)(6.41 M)(6.58 M)
Issuance Purchase of Equity Shares451 K470 K514 K436 K392.4 K402.73 K
Issuance Repayment of Debt Securities(18.44 M)(25.36 M)77.08 M(125.7 M)(113.13 M)(116.1 M)
Payment of Dividends and Other Cash Distributions(12.05 M)(12.96 M)(13.33 M)(13.95 M)(12.55 M)(13.54 M)
Net Cash Flow from Financing78.16 M85.53 M239.15 M139.48 M125.53 M135.44 M
Net Cash Flow from Investing(112.08 M)(116.28 M)(250.07 M)(201.75 M)(232.01 M)(238.12 M)
Net Cash Flow Investment Acquisitions and Disposals(111.94 M)(115.12 M)(241.36 M)(198.99 M)(179.09 M)(183.81 M)
Net Cash Flow from Operations33.84 M26.05 M22.7 M56.69 M51.02 M55.05 M
Share Based Compensation381 K565 K652 K856 K984.4 K1.06 M

First Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining First Bancorp's current stock value. Our valuation model uses many indicators to compare First Bancorp value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across First Bancorp competition to find correlations between indicators driving First Bancorp's intrinsic value. More Info.
First Bancorp is one of the top stocks in book value per share category among related companies. It is rated as one of the top companies in revenue category among related companies totaling about  4,488,806  of Revenue per Book Value Per Share. First Bancorp Book Value per Share is projected to increase based on the last few years of reporting. The past year's Book Value per Share was at 25.69. Comparative valuation analysis is a catch-all model that can be used if you cannot value First Bancorp by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for First Bancorp's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the First Bancorp's earnings, one of the primary drivers of an investment's value.

First Bancorp Systematic Risk

First Bancorp's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. First Bancorp volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Beta measures systematic risk based on how returns on First Bancorp correlated with the market. If Beta is less than 0 First Bancorp generally moves in the opposite direction as compared to the market. If First Bancorp Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one First Bancorp is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of First Bancorp is generally in the same direction as the market. If Beta > 1 First Bancorp moves generally in the same direction as, but more than the movement of the benchmark.
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About First Bancorp Financials

What exactly are First Bancorp Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include First Bancorp's income statement, its balance sheet, and the statement of cash flows. Potential First Bancorp investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although First Bancorp investors may use each financial statement separately, they are all related. The changes in First Bancorp's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on First Bancorp's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.

Steps to analyze First Bancorp Financials for Investing

There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as First Bancorp is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of First has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it.
In summary, you can determine if First Bancorp's financials are consistent with your investment objective using the following steps:
  • Review First Bancorp's balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
  • Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
  • Study the cash flow inflows and outflows to understand First Bancorp's liquidity and solvency.
  • Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
  • Compare First Bancorp's financials to those of its peers to see how it stacks up and identify any potential red flags.
  • Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if First Bancorp's stock is overvalued or undervalued.
Remember, these are just guidelines and should not be the only basis for investment decisions. It is always important to conduct additional research and seek professional advice.

First Bancorp February 6, 2023 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of First Bancorp help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of First Bancorp. We use our internally-developed statistical techniques to arrive at the intrinsic value of First Bancorp based on widely used predictive technical indicators. In general, we focus on analyzing First Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build First Bancorp's daily price indicators and compare them against related drivers.
Please check Investing Opportunities. You can also try Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

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When running First Bancorp price analysis, check to measure First Bancorp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy First Bancorp is operating at the current time. Most of First Bancorp's value examination focuses on studying past and present price action to predict the probability of First Bancorp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move First Bancorp's price. Additionally, you may evaluate how the addition of First Bancorp to your portfolios can decrease your overall portfolio volatility.
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Is First Bancorp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of First Bancorp. If investors know First will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about First Bancorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.046) 
Market Capitalization
338.2 M
Quarterly Revenue Growth
(0.06) 
Return On Assets
0.0148
Return On Equity
0.1643
The market value of First Bancorp is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Bancorp's value that differs from its market value or its book value, called intrinsic value, which is First Bancorp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Bancorp's market value can be influenced by many factors that don't directly affect First Bancorp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between First Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine First Bancorp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Bancorp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.