First Bancorp Financials

FNLC Stock  USD 22.99  0.83  3.75%   
Based on the analysis of First Bancorp's profitability, liquidity, and operating efficiency, First Bancorp may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. At present, First Bancorp's Retained Earnings are projected to increase significantly based on the last few years of reporting. The current year's Non Current Assets Total is expected to grow to about 3 B, whereas Short and Long Term Debt Total is forecasted to decline to about 66.8 M. Key indicators impacting First Bancorp's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Net Profit Margin0.20.2072
Sufficiently Down
Slightly volatile
Return On Assets0.01290.01
Significantly Up
Slightly volatile
Return On Equity0.130.1214
Notably Up
Slightly volatile
Debt Equity Ratio0.540.5735
Notably Down
Slightly volatile
Operating Income2.6 M2.7 M
Notably Down
Very volatile
Current Ratio0.02260.0238
Notably Down
Slightly volatile
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.

Net Income

15.78 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.
  
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.
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 manipulating its earnings.

First Bancorp Stock Summary

First Bancorp competes with LINKBANCORP, Cullman Bancorp, Bankwell Financial, FS Bancorp, and Finward Bancorp. 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
ISINUS31866P1021
CUSIP31866P102 335716106
LocationMaine; U.S.A
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

201920202021202220232024 (projected)
Total Assets2.1B2.4B2.5B2.7B2.9B3.1B
Net Debt159.2M179.7M49.0M77.1M34.9M33.1M
Retained Earnings144.8M158.4M180.4M204.3M211.9M222.5M
Cash25.7M82.4M87.3M26.4M35.4M23.8M
Other Assets982.1M1.2B1.4B1.7B1.9B2.0B
Net Receivables7.2M9.3M7.5M9.8M11.9M12.5M
Total Liab1.9B2.1B136.3M2.5B2.7B2.8B
Total Current Assets393.4M405.0M415.4M320.8M47.3M45.0M
Short Term Debt174.9M206.9M81.3M103.5M69.7M112.7M
Other Liab19.2M30.9M21.8M22.2M25.6M14.7M
Accounts Payable1.7B1.8B2.1B2.4B2.7B2.9B
Long Term Debt10.1M55.1M136.3M103.5M119.0M98.4M
Inventory(33.2M)(92.6M)(94.9M)(36.3M)18.9M19.8M
Other Current Assets33.2M92.6M94.9M36.3M47.3M45.0M
Intangible Assets1.5M2.0M2.7M2.5M2.2M2.1M
Other Current Liab(174.9M)(206.9M)1.2B1.7B1.9B1.1B
Net Tangible Assets182.7M193.1M215.0M198.3M228.0M165.3M
Long Term Debt Total10.1M55.1M55.1M84K75.6K71.8K
Capital Surpluse64.0M65.3M66.8M68.4M78.7M64.7M

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.
201920202021202220232024 (projected)
Interest Expense26.2M17.3M10.8M16.9M63.0M66.1M
Total Revenue66.7M78.0M85.7M93.0M128.2M134.6M
Gross Profit66.7M78.0M85.7M93.0M128.2M134.6M
Operating Income30.3M32.3M43.9M66.2M2.7M2.6M
Ebit30.3M32.3M43.9M66.2M2.7M2.6M
Ebitda30.3M32.3M44.0M66.2M2.7M2.6M
Income Before Tax30.3M32.3M43.9M47.4M35.7M20.4M
Net Income25.5M27.1M36.3M39.0M29.5M15.8M
Income Tax Expense4.7M5.1M7.6M8.4M6.2M4.6M
Tax Provision4.7M5.1M7.6M8.4M6.2M6.7M
Net Interest Income52.5M59.8M66.3M76.2M65.2M61.3M
Interest Income78.7M77.1M77.1M93.0M128.2M84.3M

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.
201920202021202220232024 (projected)
Change In Cash(4.7M)11.8M(5.6M)2.1M9.2M9.7M
Free Cash Flow24.5M20.2M52.9M39.8M33.9M18.5M
Depreciation1.9M2.2M2.0M2.0M2.1M1.4M
Other Non Cash Items2.6M1.3M7.3M3.6M1.5M1.4M
Dividends Paid13.0M13.3M13.9M14.8M15.4M7.8M
Capital Expenditures1.6M2.5M3.8M1.4M2.6M1.8M
Net Income25.5M27.1M36.3M39.0M29.5M15.8M
End Period Cash Flow14.4M26.2M20.6M22.7M31.9M17.7M
Investments(118.5M)122.5M(193.6M)(310.7M)(199.8M)(189.8M)
Net Borrowings(25.4M)77.1M(125.7M)(32.9M)(29.6M)(28.1M)
Change To Netincome2.3M595K6.4M3.0M2.7M3.6M

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 rated below average in return on equity category among related companies. It is rated below average in return on asset category among related companies reporting about  0.08  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for First Bancorp is roughly  12.32 . At present, First Bancorp's Return On Equity is projected to increase slightly based on the last few years of reporting.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.

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 analyze the leading stock market indicators., conduct additional research and seek professional advice if needed.
Today, most investors in First Bancorp Stock are looking for potential investment opportunities by analyzing not only static indicators but also various First Bancorp's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of First Bancorp growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(0.4)

At present, First Bancorp's Price Earnings To Growth Ratio is projected to slightly decrease based on the last few years of reporting.

First Bancorp April 20, 2024 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.
When determining whether First Bancorp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of First Bancorp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of First Bancorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on First Bancorp Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Bancorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
For information on how to trade First Stock refer to our How to Trade First Stock guide.
You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.

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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
(0.25)
Dividend Share
1.4
Earnings Share
2.66
Revenue Per Share
7.088
Quarterly Revenue Growth
(0.07)
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 if First Bancorp is a good investment 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.