First Bancorp, Inc (ME) (FNLC) vs Northeast Community Bancorp Inc. (NECB)

First Bancorp, Inc (ME) and Northeast Community Bancorp Inc. are both Banks Regional companies. First Bancorp, Inc (ME) and Northeast Community Bancorp Inc. are of similar size ($385.9M and $366.6M). Northeast Community Bancorp Inc. trades at the lower P/E: 8.4× against 10.1×. First Bancorp, Inc (ME) grew revenue faster over the last twelve months: 3.78% against −5.05%. Northeast Community Bancorp Inc. has the higher net margin (27.7% vs 21.1%) and the lower return on invested capital (7.83% vs 9.70%). Both pay a dividend; First Bancorp, Inc (ME) yields more (5.84% vs 1.52%). Across the 20 metrics below, Northeast Community Bancorp Inc. leads on 12 and First Bancorp, Inc (ME) on 8.

Valuation

Metric FNLC NECB Banks Regional median
P/E 10.07 8.37 12.15
P/S 2.13 2.31 2.37
P/B 1.30 0.98 1.21
Price to free cash flow 10.73 7.27 10.80
EV/EBITDA n/m n/m —
EV/Sales 2.15 3.07 2.27
Earnings yield 9.93% 11.95% 8.11%
Free cash flow yield 9.32% 13.76% 8.98%

Profitability

Metric FNLC NECB Banks Regional median
Gross margin 56.60% 67.58% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 21.12% 27.67% 18.66%
Free cash flow margin 19.89% 31.75% 21.18%
Return on equity 13.54% 12.13% 10.64%
Return on assets 1.18% 2.07% 1.13%
Return on invested capital 9.70% 7.83% 8.33%

Growth

Metric FNLC NECB Banks Regional median
Revenue growth (TTM) 3.78% (5.05%) 6.61%
EPS growth (last fiscal year) 26.34% (9.22%) —
Revenue growth, 5-year CAGR 13.27% 25.17% 12.30%
Net income growth, 5-year CAGR 4.86% 29.22% 9.71%

Health

Metric FNLC NECB Banks Regional median
Debt to equity 0.12 0.53 0.22
Current ratio 0.86 1.29 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric FNLC NECB Banks Regional median
Dividend yield 5.84% 1.52% 3.75%
Payout ratio 0.55 0.09 0.27

Size

Metric FNLC NECB Banks Regional median
Market cap 385.86m 366.59m 921.07m

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