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First Bancorp, Inc (ME)

FNLC Financial Banks Regional

First Bancorp, Inc (ME)’s revenue for fiscal 2025 (year ended December 2025) was $177.6 million, up 7.52% from fiscal 2024.

Revenue
+2.14%
EPS
+17.1%
Free cash flow
−23.5%
Total debt
−26.2%

Quarter to September 2026, against a year earlier

36.47 0.68 −1.83%
Market cap
$412.9M
P/E
10.3×
Fwd P/E
10.2×
Dividend yield
4.11%
F-score
8/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 0.04
Sold, $m 0.18
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — 1 — — — — — — —
Sell — — — — — — — 1 — — — —
Insider Ownership 11.66%

Capital & Financial Ratios $m

Size
Market Cap 412.94
Revenue ttm 180.01
Net income ttm 39.40
Free cash flow ttm 34.79
Net debt Q 35.51
Valuation
P/E 10.27
Forward P/E 10.20
Price / sales 2.25
Forward P/S Powerpack
Price / FCF 12.56
Price / book 1.41
Financial health
Current ratio Q 0.00
Debt / equity Q 0.24
Interest coverage Q —
Growth
Revenue growth Q +2.14% (above 0%: growing)
Operating income growth Q +16.90% (above 0%: growing)
EPS, this year —
EPS, next year A —
Revenue, next year A −22.55% (below 0%: weak)
EPS, past 5 yrs +4.36%
EPS, next 5 yrs A —

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 49.91%
10-year low 10-year high
P/S against its own 10 years 31.43%
10-year low 10-year high
P/B against its own 10 years 63.66%
10-year low 10-year high

Dividends raised every year since 2018

Yield
4.11%
Annual rate
1.50
Payout ratio
42.7%
Growth, 2018–26
+4.44%/yr
  1. 1.06 ’18
  2. 1.18 ’19 +11
  3. 1.22 ’20 +3
  4. 1.26 ’21 +3
  5. 1.32 ’22 +5
  6. 1.38 ’23 +5
  7. 1.42 ’24 +3
  8. 1.46 ’25 +3
  9. 1.50 ’26 +3
paid change on the year, %

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 35 50 32 35
Receivables — — — —
Inventory — — — —
Other — — — —
2,153 2,380 2,415 —
2023 2024 2025 Q'26
Payables 2,600 2,725 2,665 2,787
ST’ Debt — — — —
Other — — — —
2,669 2,777 2,757 2,861

Compound Annual Growth %

10y 5y 3y
Sales 10.91% 13.27% 17.35%
Cash Flow 6.19% 10.75% (2.83%)
Earnings 7.82% 4.86% (4.09%)
Book Value 5.39% 4.82% 7.34%

EPS $

Mar Jun Sep Dec Year
’26 0.80 0.85 0.95 — —
’25 0.63 0.72 0.81 0.91 3.07
’24 0.54 0.55 0.68 0.65 2.43
’23 0.72 0.67 0.67 0.60 2.66
’22 0.88 0.91 0.91 0.83 3.53
’21 0.81 0.80 0.82 0.87 3.30
’20 0.60 0.60 0.65 0.64 2.48
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 44 45 46 — —
’25 43 44 45 45 178
’24 39 41 42 43 165
’23 32 35 37 39 144
’22 25 26 29 31 110
’21 24 23 24 25 96
’20 25 23 23 24 95
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 23 (13) 10 — —
’25 2 7 13 15 38
’24 (1) 6 10 11 26
’23 5 11 10 11 37
’22 8 11 13 9 41
’21 19 13 13 11 57
’20 3 2 16 2 23
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 22 (13) 10 — —
’25 1 7 13 14 35
’24 (2) 6 10 10 25
’23 5 11 9 10 34
’22 7 11 13 9 40
’21 16 13 13 11 53
’20 2 2 9 7 20
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 66 73 83 93 95 96 110 144 165 178 180 +11.6% — — — —
Gross margin, % 83.68 81.56 75.54 71.82 81.85 88.83 84.65 56.15 48.59 53.33 57.93 (30.3) pt
EBT 24 26 28 30 32 44 47 36 33 42 48 +6.2%
EBT margin, % 36.92 35.70 33.49 32.59 33.86 45.52 43.11 24.86 19.73 23.61 26.56 (13.3) pt
Net income 18 20 24 26 27 36 39 30 27 34 39 +7.5%
Per share, $
Per share, $ Revenue 6.18 6.83 7.71 8.58 8.77 8.85 10.05 13.06 14.95 16.02 16.18 +11.2%
Earnings 1.68 1.82 2.18 2.36 2.50 3.33 3.56 2.68 2.45 3.10 3.55 +7.0%
Cash flow 1.98 2.07 3.14 2.41 2.09 5.20 3.77 3.36 2.36 3.41 3.13 +6.2%
Capex (0.20) (0.19) (0.14) (0.15) (0.23) (0.34) (0.12) (0.24) (0.13) (0.29) 0.00 +4.2%
Free cash flow 1.78 1.88 3.00 2.26 1.86 4.86 3.65 3.12 2.22 3.12 3.13 +6.4%
Book value 16.10 16.87 17.76 19.65 20.60 22.53 20.94 22.10 22.85 25.53 25.89 +5.3%
Shares, m 11 11 11 11 11 11 11 11 11 11 11 +0.4%
Valuation, ×
Valuation, × P/E 19.11 14.98 12.06 12.81 10.16 9.43 8.32 10.55 11.12 8.50 10.27 11.7
P/S 5.19 3.97 3.41 3.52 2.90 3.55 2.95 2.17 1.83 1.65 2.25 3.1
P/B 1.99 1.61 1.48 1.54 1.23 1.39 1.41 1.28 1.20 1.04 1.41 1.4
EV/Sales 6.74 5.27 3.82 3.35 2.61 3.22 2.71 2.10 2.10 2.01 — 3.4
EV/FCF 23.43 19.11 9.81 12.72 12.29 5.86 7.47 8.80 14.14 10.31 — 12.4
Cash, $m
Cash, $m Operating cash flow 21 22 34 26 23 57 41 37 26 38 35 +6.6%
Capex (2) (2) (1) (2) (2) (4) (1) (3) (1) (3) (2) +4.6%
Free cash flow 19 20 32 24 20 53 40 34 25 35 35 +6.9%
Balance, $m
Balance, $m Working capital (316) (353) (407) (507) (494) (477) (548) (517) (397) (342) (2,861) +0.9%
Net debt 102 95 34 (16) (27) (32) (26) (35) 45 64 36 (5.2%)
Shareholders’ equity 173 181 192 213 224 246 229 243 252 283 288 +5.7%
Returns, %
Returns, % ROA 1.10 1.10 1.24 1.27 1.22 1.48 1.48 1.04 0.89 1.09 1.22 0.0 pt
ROIC 5.56 5.92 7.72 9.61 10.36 12.86 14.62 10.75 6.84 7.56 9.23 +2.0 pt
ROE 10.59 11.07 12.62 12.63 12.44 15.45 16.43 12.51 10.91 12.84 14.00 +2.2 pt
People
People Employees 235 235 239 245 255 269 279 275 284 283 — +2.1%
Revenue/emp, $m 0.28 0.31 0.35 0.38 0.37 0.36 0.39 0.52 0.58 0.63 — +9.3%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

First Bancorp, Inc (ME) vs peers in Banks Regional (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
RBB RBB Bancorp $432.5M 10.5× 10.1× −4.00% (below 0%: shrinking) +13.21% (above 0%: growing) +4.05% (above 0%: growing) 55.01% 0.00% Compare
PCB PCB Bancorp $424.1M 10.2× 9.9× +2.13% (above 0%: growing) +8.86% (above 0%: growing) −6.30% (below 0%: shrinking) 57.79% 0.00% Compare
CZFS Citizens Financial Services Inc. $413.9M 9.6× 9.8× +8.19% (above 0%: growing) +18.66% (above 0%: growing) +84.04% (above 0%: growing) 66.14% 0.00% Compare
FNLC First Bancorp, Inc (ME) $412.9M 10.3× 10.2× +2.14% (above 0%: growing) +17.07% (above 0%: growing) −23.54% (below 0%: shrinking) 59.15% 0.00%
CHMG Chemung Financial Corp $410.8M 10.7× 10.1× +6.14% (above 0%: growing) +62.35% (above 0%: growing) −3.80% (below 0%: shrinking) 75.38% 0.00% Compare
FCBM FIRST CAROL FIN $410.1M — — — — — 60.28% 0.00% Compare
NECB Northeast Community Bancorp Inc. $399.2M 9.0× 11.9× −5.64% (below 0%: shrinking) −11.76% (below 0%: shrinking) −14.85% (below 0%: shrinking) 68.91% 0.00% Compare
FDBC Fidelity D&D Bancorp Inc. $395.8M 12.7× 22.8× +5.91% (above 0%: growing) +11.67% (above 0%: growing) +157.33% (above 0%: growing) 70.54% 0.00% Compare
NWFL Norwood Financial Corp. $391.5M 12.4× 11.5× +28.48% (above 0%: growing) +28.36% (above 0%: growing) +65.58% (above 0%: growing) 68.32% 0.00% Compare
Median of peers $410.5M 10.5× 10.1× +5.91% +13.21% +4.05% 67.23% 0.00%

All 327 Banks Regional stocks →

Pay and ownership Proxy statement filed 6 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 1.59m 1.56m 134.28
2024 1.38m 1.35m 131.17
2023 1.26m 1.19m 127.96
2022 1.19m 1.14m 128.70
2021 1.15m 1.31m 129.25

Ownership

Directors and executive officers, together 5.11%
The Midwest Trust Company 7.77%
BlackRock Fund Advisors 6.73%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

First Bancorp, Inc (ME) (FNLC) Latest News

21 Oct

Impact 4 · · Business Wire
Impact 3 · · Associated Press

22 Jul

Impact 3 ·

22 Apr

Impact 4 · · Business Wire

6 Feb

Impact 4 · · Simply Wall St.

21 Jan

Impact 4 · · Associated Press FinanceAssociated Press FinanceAssociated Press FinanceSimply Wall St.Associated Press FinanceAssociated Press Finance
Impact 4 · · Business Wire

14 Jan

Impact 4 · · Simply Wall St.

18 Dec

Impact 3 · · Simply Wall St.
Impact 3 · · Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.

24 Oct

Impact 3 · · Simply Wall St.

22 Oct

Impact 4 · · Associated Press Finance
Impact 4 · · Business Wire

2 Oct

Impact 4 · · Simply Wall St.

3 Sep

Impact 4 · · Simply Wall St.

1 Aug

Impact 4 · · Simply Wall St.

26 Jul

Impact 3 · · Simply Wall St.

23 Jul

Impact 4 · · Business Wire earnings
Impact 3 · · Associated Press Finance

3 Jul

Impact 3 · · Simply Wall St.

26 Jun

Impact 3 · · Business Wire

29 May

Impact 3 · · Simply Wall St.

2 May

Impact 3 · · Simply Wall St.

26 Apr

Impact 3 ·

23 Apr

Impact 4 ·
Impact 3 ·

3 Apr

Impact 3 ·

27 Mar

Impact 3 · · Business Wire

10 Mar

Impact 3 ·

5 Mar

Impact 3 ·
stockrow.com/FNLC · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com