The First Bancorp, Inc. (FNLC) Balance Sheet
FNLC balance sheet, 2025
December 31, 2025 · U.S. dollars$3.17B assets = $2.88B liabilities + $283.1M equity
Both columns are drawn to the same scale: what FNLC owns equals what it owes plus shareholders’ equity. Hover a block for its value.
FNLC financial health
Descriptive bands, not a rating. Fiscal 2025.
FNLC balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.71B2016 | $3.17B2025 | +7.1%/yr | |
| Total liabilities | $1.54B2016 | $2.88B2025 | +7.2%/yr | |
| Shareholders’ equity | $172.5M2016 | $283.1M2025 | +5.7%/yr | |
| Cash & short-term investments | $318.1M2016 | $296.4M2025 | −0.8%/yr | |
| Total debt | $278.9M2016 | $187.8M2025 | −4.3%/yr | |
| Net cash (debt) | $39.2M2016 | $108.6M2025 | +$69.4M | |
| Working capital | −$1.08B2016 | −$2.45B2025 | −$1.4B | |
| Book value per share | $15.902016 | $25.252025 | +5.3%/yr | |
| Debt / equity | 1.622016 | 0.662025 | −0.95 | |
| Shares outstanding | 10.8M2016 | 11.2M2025 | +0.4%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
FNLC assets
FNLC liabilities and equity
FNLC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
FNLC balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $296.4M | $324.4M | $317.5M | $310.9M | $407.9M | $395.7M | $386.3M | $348.6M | $320.2M | $318.1M |
| Cash & equivalents | $31.9M | $49.7M | $35.4M | $26.4M | $87.3M | $82.4M | $25.7M | $31.2M | $20.1M | $17.7M |
| Short-term investments | $264.5M | $274.7M | $282.1M | $284.5M | $320.6M | $313.4M | $360.5M | $317.4M | $297.2M | $300.4M |
| Receivables | $14.2M | $14.0M | $11.9M | $9.8M | $7.5M | $9.3M | $7.2M | $6.7M | $5.9M | $5.5M |
| Inventory | $0 | $0 | $18.9M | −$36.2M | −$94.9M | −$92.6M | −$33.2M | $584,000 | $1.0M | $375,000 |
| Other current assets | $0 | $0 | $0 | $36.2M | $94.9M | $92.6M | $33.2M | $0 | $0 | $0 |
| Total current assets | $310.6M | $338.4M | $329.4M | $320.8M | $415.4M | $405.0M | $393.4M | $355.3M | $323.1M | $323.6M |
| Property, plant & equipment (net) | $28.8M | $27.9M | $28.7M | $28.3M | $28.9M | $27.3M | $21.3M | $22.1M | $22.5M | $22.2M |
| Goodwill & intangible assets | $30.6M | $30.6M | $32.8M | $33.1M | $33.3M | $32.6M | $31.4M | $31.2M | $31.1M | $30.9M |
| Long-term investments | $620.4M | $644.4M | $667.3M | $678.4M | $690.6M | $684.8M | $1.93B | $1.80B | $1.41B | $1.29B |
| Other non-current assets | $2.18B | $2.12B | $1.89B | $1.68B | $1.36B | $1.21B | $0 | $0 | $55.7M | $47.1M |
| Total assets | $3.17B | $3.16B | $2.95B | $2.74B | $2.53B | $2.36B | $2.07B | $1.95B | $1.84B | $1.71B |
| Liabilities | ||||||||||
| Accounts payable | — | — | — | $2.38B | $2.12B | $1.84B | $1.65B | $1.53B | $1.42B | $1.24B |
| Short-term debt | $92.3M | $51.3M | $69.7M | $103.5M | $81.3M | $206.9M | $174.8M | $145.2M | $113.6M | $158.8M |
| Total current liabilities | $2.76B | $2.78B | $2.67B | $1.79B | $2.20B | $2.05B | $1.83B | $1.67B | $1.53B | $1.40B |
| Long-term debt | $95.5M | $95.0M | $0 | $84,000 | $55.1M | $55.1M | $10.1M | $65.1M | $115.1M | $120.1M |
| Other long-term liabilities | $30.6M | $33.0M | $34.3M | $2.51B | $21.8M | $30.9M | $20.9M | $15.6M | $14.0M | $18.5M |
| Total liabilities | $2.88B | $2.90B | $2.70B | $2.51B | $2.28B | $2.14B | $1.86B | $1.75B | $1.66B | $1.54B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $112,000 | $112,000 | $111,000 | $110,000 | $110,000 | $110,000 | $109,000 | $109,000 | $108,000 | $108,000 |
| Retained earnings (deficit) | $240.5M | $222.8M | $211.9M | $204.3M | $180.4M | $158.4M | $144.8M | $132.5M | $120.8M | $111.7M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | −$31.1M | −$42.3M | −$39.0M | −$44.0M | −$1.7M | −$28,000 | $3.6M | −$3.8M | −$1.7M | −$3,000 |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $283.1M | $252.5M | $243.1M | $228.9M | $245.7M | $223.7M | $212.5M | $191.5M | $181.3M | $172.5M |
| Key figures | ||||||||||
| Total debt | $187.8M | $146.3M | $69.7M | $103.6M | $136.3M | $262.0M | $185.0M | $210.3M | $228.8M | $278.9M |
| Net cash (debt) | $108.6M | $178.1M | $247.8M | $207.3M | $271.5M | $133.7M | $201.3M | $138.3M | $91.5M | $39.2M |
| Working capital | −$2.45B | −$2.44B | −$2.34B | −$1.47B | −$1.79B | −$1.65B | −$1.43B | −$1.32B | −$1.21B | −$1.08B |
| Tangible book value | $252.5M | $221.8M | $210.3M | $195.8M | $212.3M | $191.1M | $181.2M | $160.4M | $150.2M | $141.6M |
| Book value per share | $25.25 | $22.67 | $21.93 | $20.75 | $22.36 | $20.46 | $19.52 | $17.66 | $16.75 | $15.90 |
| Shares outstanding | 11.2M | 11.1M | 11.1M | 11.0M | 11.0M | 10.9M | 10.9M | 10.8M | 10.8M | 10.8M |
| Current ratio | 0.11 | 0.12 | 0.12 | 0.18 | 0.19 | 0.20 | 0.22 | 0.21 | 0.21 | 0.23 |
| Quick ratio | 0.11 | 0.12 | 0.12 | 0.18 | 0.19 | 0.20 | 0.22 | 0.21 | 0.21 | 0.23 |
| Debt / equity | 0.66 | 0.58 | 0.29 | 0.45 | 0.56 | 1.17 | 0.87 | 1.10 | 1.26 | 1.62 |
| Equity / assets | 8.9% | 8.0% | 8.2% | 8.4% | 9.7% | 9.5% | 10.3% | 9.8% | 9.8% | 10.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $29.8M | $23.6M | $296.4M | $38.8M | $308.9M | $310.1M | $324.4M | $337.4M | $334.4M | $301.2M | $317.5M | $353.2M |
| Cash & equivalents | $29.8M | $23.6M | $31.9M | $38.8M | $30.6M | $29.4M | $49.7M | $52.3M | $60.9M | $26.8M | $35.4M | $68.3M |
| Short-term investments | $276.0M | $90,000 | $264.5M | $11,000 | $278.2M | $280.8M | $274.7M | $285.0M | $273.5M | $274.5M | $282.1M | $285.0M |
| Receivables | $20.1M | $19.2M | $14.2M | $16.3M | $19.4M | $17.9M | $14.0M | $14.6M | $17.8M | $16.0M | $11.9M | $12.0M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$334.76B | −$319.1M | −$314.3M | −$682.6M | −$80.3M |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $334.76B | $319.1M | $314.3M | $682.6M | $80.3M |
| Total current assets | $49.9M | $42.9M | $310.6M | $55.1M | $328.2M | $328.1M | $338.4M | $352.0M | $352.2M | $317.2M | $329.4M | $365.3M |
| Property, plant & equipment (net) | $28.4M | $28.7M | $28.8M | $27.9M | $28.2M | $28.6M | $27.9M | $27.4M | $27.9M | $28.4M | $28.7M | $28.9M |
| Goodwill & intangible assets | $30.6M | $30.6M | $30.6M | $30.6M | $30.6M | $30.6M | $30.6M | $30.6M | $32.7M | $32.7M | $32.8M | $32.9M |
| Long-term investments | $628.0M | $610.8M | $620.4M | $636.0M | $646.1M | $649.3M | $644.4M | $662.7M | $651.0M | $653.9M | $667.3M | $672.3M |
| Other non-current assets | $2.48B | $2.49B | $2.18B | $2.45B | $2.17B | $2.15B | $2.12B | $2.07B | $2.02B | $1.95B | $1.89B | $1.84B |
| Total assets | $3.22B | $3.20B | $3.17B | $3.20B | $3.20B | $3.19B | $3.16B | $3.14B | $3.08B | $2.98B | $2.95B | $2.94B |
| Liabilities | ||||||||||||
| Accounts payable | — | — | — | — | — | — | — | — | — | — | — | $2.60B |
| Short-term debt | $214.1M | $100.3M | $92.3M | $57.5M | $101.2M | $115.4M | $51.3M | $56.0M | $160.6M | $84.8M | $69.7M | $83.0M |
| Total current liabilities | $2.89B | $100.3M | $2.76B | $2.80B | $2.81B | $2.83B | $2.78B | $2.76B | $2.74B | $2.63B | $2.67B | $2.68B |
| Long-term debt | $35.5M | $95.5M | $95.5M | $95.5M | $95.0M | $70.0M | $95.0M | $95.0M | $70.0M | $70.0M | $0 | $83.0M |
| Other long-term liabilities | $0 | $2.72B | $30.6M | $33.4M | $32.5M | $30.9M | $33.0M | $32.0M | $31.6M | $31.8M | $34.3M | $0 |
| Total liabilities | $2.92B | $2.91B | $2.88B | $2.92B | $2.93B | $2.93B | $2.90B | $2.89B | $2.84B | $2.74B | $2.70B | $2.72B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $113,000 | $113,000 | $112,000 | $112,000 | $112,000 | $112,000 | $112,000 | $111,000 | $111,000 | $111,000 | $111,000 | $111,000 |
| Retained earnings (deficit) | $250.3M | $245.0M | $240.5M | $234.4M | $229.5M | $225.6M | $222.8M | $219.6M | $216.0M | $213.8M | $211.9M | $209.1M |
| Accumulated other comprehensive income | −$32.2M | −$32.6M | −$31.1M | −$33.3M | −$36.9M | −$38.4M | −$42.3M | −$34.3M | −$42.4M | −$41.8M | −$39.0M | −$52.2M |
| Total shareholders' equity | $293.0M | $286.8M | $283.1M | $274.6M | $265.5M | $259.7M | $252.5M | $256.8M | $244.7M | $242.6M | $243.1M | $226.7M |
| Key figures | ||||||||||||
| Total debt | $214.1M | $195.8M | $187.8M | $153.0M | $196.2M | $185.4M | $146.3M | $151.0M | $230.6M | $154.8M | $69.7M | $83.0M |
| Net cash (debt) | −$184.3M | −$172.2M | $108.6M | −$114.1M | $112.7M | $124.7M | $178.1M | $186.3M | $103.8M | $146.5M | $247.8M | $270.2M |
| Working capital | −$2.84B | −$57.4M | −$2.45B | −$2.74B | −$2.48B | −$2.50B | −$2.44B | −$2.41B | −$2.39B | −$2.32B | −$2.34B | −$2.32B |
| Tangible book value | $262.3M | $256.1M | $252.5M | $243.9M | $234.8M | $229.0M | $221.8M | $226.1M | $212.0M | $209.9M | $210.3M | $193.8M |
| Book value per share | $26.06 | $25.51 | $25.25 | $24.49 | $23.74 | $23.22 | $22.54 | $23.06 | $22.00 | $21.82 | $21.83 | $20.44 |
| Shares outstanding | 11.2M | 11.2M | 11.2M | 11.2M | 11.2M | 11.2M | 11.2M | 11.1M | 11.1M | 11.1M | 11.1M | 11.1M |
| Current ratio | 0.02 | 0.43 | 0.11 | 0.02 | 0.12 | 0.12 | 0.12 | 0.13 | 0.13 | 0.12 | 0.12 | 0.14 |
| Quick ratio | 0.02 | 0.43 | 0.11 | 0.02 | 0.12 | 0.12 | 0.12 | 0.13 | 0.13 | 0.12 | 0.12 | 0.14 |
| Debt / equity | 0.73 | 0.68 | 0.66 | 0.56 | 0.74 | 0.71 | 0.58 | 0.59 | 0.94 | 0.64 | 0.29 | 0.37 |
| Equity / assets | 9.1% | 9.0% | 8.9% | 8.6% | 8.3% | 8.1% | 8.0% | 8.2% | 7.9% | 8.1% | 8.2% | 7.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 6, 2026); data from EODHD.
FNLC financial position
At the end of fiscal 2025 (December 31, 2025), First Bancorp had total assets of $3.2 billion (up 0.3% from a year earlier), total liabilities of $2.9 billion and shareholders' equity of $283.1 million. It held $296.4 million in cash and short-term investments against $187.8 million of debt, a net cash position of $108.6 million. Its current ratio was 0.11. In the latest quarter (ended June 30, 2026) total assets were $3.2 billion and equity $293.0 million.
Related: FNLC income statement, FNLC cash flow statement, FNLC key metrics. See the FNLC stock overview for the latest quote and news.
FNLC balance sheet FAQ
What are First Bancorp's total assets?
First Bancorp reported total assets of $3.2 billion at the end of fiscal 2025 (December 31, 2025), compared with $3.2 billion a year earlier.
How much debt does First Bancorp have?
First Bancorp had $187.8 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.66.
How much cash does First Bancorp have?
First Bancorp held $296.4 million in cash and short-term investments at the end of fiscal 2025; with $187.8 million of debt that is net cash of $108.6 million.
What is First Bancorp's book value?
First Bancorp's shareholders' equity (book value) was $283.1 million at the end of fiscal 2025, or $25.25 per share.
What is First Bancorp's current ratio?
First Bancorp had current assets of $310.6 million and current liabilities of $2.8 billion, a current ratio of 0.11 (current liabilities exceed current assets).
How much goodwill does First Bancorp have?
First Bancorp carried $30.6 million of goodwill and intangible assets, 1.0% of total assets, at the end of fiscal 2025.