The First Bancorp, Inc. (FNLC) AI Stock Analysis
FNLC AI stock analysis summary
AI ResearchThe First Bancorp, Inc. (FNLC) is a Maine-based bank holding company with total assets of $3.22B. For FY2025, revenue reached $177.6M with net income of $34.4M, while trailing twelve month revenue stands at $98.8M. The stock offers a 4.42% dividend yield and trades at a trailing price-to-earnings multiple of 10.2x.
- Market cap
- $387.8M
- Revenue (TTM)
- $98.8M
- P/E
- 10.2x fwd 12.2x
- 1Y return
- 47.9% S&P 500 16.8%
- Avg. target
- —
Bull case
- The company delivered quarterly earnings growth of 18.1% and quarterly revenue growth of 12.9% in the period ended June 30, 2026.
- Dividends have been paid for 28 consecutive years, yielding 4.42% with a sustainable payout ratio of 44.5%.
- The stock returned 47.9% over the past year, substantially outperforming the S&P 500 return of 16.8%.
Bear case
- Net margins contracted from 37.6% in FY2021 to 19.4% in FY2025.
- Forward price-to-earnings of 12.2x trades at a premium to the US-listed Financial Services peer median of 10.8x.
- Over the past 5 years, the stock's return of 50.7% trailed the S&P 500 return of 83.0%.
What First Bancorp does
The First Bancorp, Inc., based in Damariscotta, Maine, is the holding company for First National Bank. Founded in 1864, it operates across Maine's Mid-Coast, Eastern, and Down East regions. The company offers a suite of banking products and services for individual and business clients, including deposit products, commercial real estate loans, municipal loans, residential mortgages, and consumer loans. Additionally, the institution is exploring opportunities in cryptocurrency and blockchain technology to integrate digital financial solutions and enhance customer convenience, transaction security, and operational efficiency across its regional branch footprint.
Growth and profitability
Annual revenue grew from $96.5M in FY2021 to $177.6M in FY2025, representing a 5-year revenue CAGR of 13.3%. Net income moved from $36.3M in FY2021 to $27.0M in FY2024 before rising to $34.4M in FY2025, with net margins ending FY2025 at 19.4% compared to 37.6% in FY2021. In FY2025, operating margin was 23.6%, up from 19.7% in FY2024. For the trailing twelve months, revenue totaled $98.8M with an operating margin of 48.7% and a profit margin of 38.3%. In the latest quarter ended June 30, 2026, quarterly revenue grew 12.9% year-over-year, while quarterly earnings grew 18.1%.
Balance sheet and cash flow
As of June 30, 2026, The First Bancorp held $29.8M in cash and short-term investments against total debt of $214.1M, yielding net debt of $184.3M. Total assets stood at $3.22B alongside shareholders' equity of $293.0M, resulting in a debt-to-equity ratio of 0.73 and a current ratio of 0.02. In FY2025, the company generated $37.8M in operating cash flow and $34.6M in free cash flow. Capital allocation in FY2025 included $3.2M in capital expenditures, $282,000 in share buybacks, and $16.3M in dividends paid.
Valuation and performance
FNLC trades at a trailing price-to-earnings ratio of 10.2x, which is lower than the median of 12.1x for its US-listed Financial Services peers. Its forward price-to-earnings multiple sits at 12.2x, above the peer median of 10.8x. The company's price-to-sales ratio is 3.9x compared to the peer median of 3.2x, while its price-to-book ratio is 1.3x. Over the past year, the stock returned 47.9%, outperforming the S&P 500 return of 16.8%. Over a 5-year period, the stock gained 50.7%, trailing the S&P 500 return of 83.0%.
FNLC dividend
The company pays a quarterly dividend with an annualized forward payout of $1.52 per share, representing a dividend yield of 4.42%. Its payout ratio is 44.5%, supported by 28 consecutive years of dividend payments. Over the past 5 years, the dividend has grown at an annualized rate of 3.7%. The last ex-dividend date was October 6, 2026.
What analysts expect
The First Bancorp's next earnings report date is scheduled for October 28, 2026. For the trailing twelve months, diluted earnings per share reached $3.37, following FY2025 earnings per share of $3.07. In the latest quarter ended June 30, 2026, earnings grew 18.1% year-over-year. Institutional ownership stands at 54.2%, while company insiders hold 4.9% of shares. Short interest remains at 1.4% of float.
Key risks and what to watch
- The bank carries net debt of $184.3M against cash and short-term investments of $29.8M as of June 30, 2026.
- Gross margin declined from 89.2% in FY2021 to 52.3% in FY2025.
- Operating cash flow dropped from $56.7M in FY2021 to $37.8M in FY2025.
- The current ratio stands at 0.02 as of June 30, 2026, indicating tight short-term liquidity.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this FNLC AI stock analysis
This page is an AI-written research summary of The First Bancorp, Inc. (FNLC). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: FNLC income statement, FNLC balance sheet, FNLC key metrics, FNLC chart. See the FNLC stock overview for the latest quote and news.
FNLC AI stock analysis FAQ
What is FNLC's dividend yield and payout schedule?
FNLC pays an annual forward dividend of $1.52 per share on a quarterly basis, which represents a dividend yield of 4.42%. The payout ratio is 44.5%, and dividends have been paid for 28 consecutive years.
How has FNLC performed compared to the S&P 500?
Over the past year, FNLC generated a return of 47.9% compared to 16.8% for the S&P 500. Over five years, FNLC returned 50.7%, whereas the S&P 500 gained 83.0%.
What are FNLC's primary valuation multiples?
FNLC trades at a trailing price-to-earnings ratio of 10.2x and a forward price-to-earnings ratio of 12.2x. It also has a price-to-book ratio of 1.3x and a price-to-sales ratio of 3.9x.
When does FNLC report its next quarterly earnings?
The company is scheduled to report its next earnings on October 28, 2026. In its latest reported quarter ended June 30, 2026, quarterly earnings grew 18.1% year-over-year.