Cornelius Russell - First Bancorp Director
| FNLC Stock | USD 22.74 0.22 0.98% |
Director
Mr. Cornelius Connie J. Russell is Director of First Bancorp, Inc. secondgeneration hotelier, Mr. Russell began his career in 1987 with Ocean Properties Ltd. and has held management positions at multiple hotels in Maine, New Hampshire, Colorado, Arizona and Florida. He acted as the General Manager at the Samoset Resort from 1999 to 2015 where he oversaw numerous multimillion dollar capital improvement projects, most recently overseeing the construction of La Bella Vita Ristorante, Enoteca Wine Bar, The Spa and Luxury guest cottages. In July 2015, he became Regional General Manager providing field support to the Residence Inns by Marriott in Auburn, Bath and Bangor along with the Fairfield Inn by Marriott Bangor. He also supported the Homewood Suites Augusta which opened in August 2016. Mr. Russells service on several boards of directors includes Past Presidency of the Maine Innkeepers Association and Penobscot Bay Regional Chamber of Commerce, New England Inns and Resorts Association, and the Maine State Chamber of Commerce. He was awarded the 2016 Community Person of the Year by the Penobscot Bay Regional Chamber of Commerce and the 2010 Innkeeper of the Year by the Maine Innkeepers Association since 2014.
| Age | 52 |
| Tenure | 10 years |
| Address | 223 Main Street, Damariscotta, ME, United States, 04543 |
| Phone | 207 563 3195 |
| Web | https://www.thefirst.com |
First Bancorp Management Efficiency
At present, First Bancorp's Return On Assets are projected to increase slightly based on the last few years of reporting. The current year's Return On Equity is expected to grow to 0.13, whereas Return On Capital Employed is forecasted to decline to 0. At present, First Bancorp's Non Current Assets Total are projected to increase significantly based on the last few years of reporting. The current year's Non Currrent Assets Other is expected to grow to about 3 B, whereas Total Current Assets are forecasted to decline to about 45 M. First Bancorp's management efficiency ratios could be used to measure how well First Bancorp manages its routine affairs as well as how well it operates its assets and liabilities.Similar Executives
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Management Performance
| Return On Equity | 0.12 | |||
| Return On Asset | 0.0095 |
First Bancorp Leadership Team
Elected by the shareholders, the First Bancorp's board of directors comprises two types of representatives: First Bancorp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of First. The board's role is to monitor First Bancorp's management team and ensure that shareholders' interests are well served. First Bancorp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, First Bancorp's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Renee Kelly, Director | ||
| Tammy Plummer, Executive Vice President CIO of the Bank | ||
| Tony McKim, CEO and President Director, CEO of First National Bank and President of First National Bank and Director of First National Bank | ||
| Charles Wootton, Executive VP, Clerk, Executive VP of The First National Bank and Sr. Loan Officer of The First National Bank | ||
| Stephen Ward, CFO, Principal Accounting Officer, Executive VP, Treasurer, Principal of Pemaquid Advisors, CFO of Pemaquid Advisors, CFO of First National Bank, Executive VP of The First National Bank and Treasurer of First National Bank | ||
| Stuart Smith, Director | ||
| David Soule, Chairman of the Board and The First Bank | ||
| Katherine Boyd, Independent Director | ||
| Cornelius Russell, Director | ||
| Mark Rosborough, Independent Director | ||
| Bruce Tindal, Independent Director | ||
| Sarah Tolman, Executive Vice President Branch Administration of the Bank | ||
| Stephen Poulin, Senior Vice President Senior Credit Officer of The First Bank | ||
| Richard Elder, Sr. VP-Retail Services of The First National Bank | ||
| Susan Norton, Executive VP of HR, Compliance Officer, Executive VP of HR - First National Bank and Compliance Officer of First National Bank | ||
| Steven Parady, Executive Vice President Chief Fiduciary Officer of the Bank | ||
| Robert Gregory, Independent Director |
First Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is First Bancorp a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 0.12 | |||
| Return On Asset | 0.0095 | |||
| Profit Margin | 0.35 % | |||
| Operating Margin | 0.41 % | |||
| Current Valuation | 382.45 M | |||
| Shares Outstanding | 11.13 M | |||
| Shares Owned By Insiders | 4.45 % | |||
| Shares Owned By Institutions | 49.16 % | |||
| Number Of Shares Shorted | 28.87 K | |||
| Price To Earning | 8.81 X |
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When running First Bancorp's 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 the 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 (0.25) | Dividend Share 1.4 | Earnings Share 2.48 | 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.