NMS · Financial Statements

First Bancorp, Inc (ME) (FNLC) Financial Statements

$36.36 NMS: FNLC Market Cap $410.22M

First Bancorp, Inc (ME) most recently reported annual revenue of $178.0M, net profit of $34.0M. Revenue grew at an average annual rate of 13.4% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

First Bancorp, Inc (ME): Revenue rose from $66.0M in 2016 to $178.0M in 2025, a change of +169.7% over 9 years; net profit was positive in all 10 reported years; operating margin moved from 36.9% to 23.6%, a shift of -13.3 percentage points; the most recent year shows net profit of $34.0M.

Income Statement — 10 Years (USD millions)

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	$66.0M	$73.0M	$83.0M	$93.0M	$95.0M	$96.0M	$110.0M	$144.0M	$165.0M	$178.0M
Operating Expenses	$42.0M	$47.0M	$55.0M	$63.0M	$63.0M	$53.0M	$63.0M	$108.0M	$133.0M	$136.0M
Operating Profit	$24.0M	$26.0M	$28.0M	$30.0M	$32.0M	$44.0M	$47.0M	$36.0M	$33.0M	$42.0M
Operating Margin	36.9%	35.7%	33.5%	32.6%	33.9%	45.5%	43.1%	24.9%	19.7%	23.6%
Other Income	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Interest	$11.0M	$14.0M	$20.0M	$26.0M	$17.0M	$11.0M	$17.0M	$63.0M	$85.0M	$83.0M
Depreciation	$2.0M	$2.0M	$2.0M	$2.0M	$2.0M	$2.0M	$2.0M	$2.0M	$2.0M	$2.0M
Profit Before Tax	$24.0M	$26.0M	$28.0M	$30.0M	$32.0M	$44.0M	$47.0M	$36.0M	$33.0M	$42.0M
Tax	$26.4M	$25.2M	$15.5M	$15.7M	$15.9M	$17.4M	$17.7M	$17.3M	$17.0M	$18.0M
Net Profit	$18.0M	$20.0M	$24.0M	$26.0M	$27.0M	$36.0M	$39.0M	$30.0M	$27.0M	$34.0M
EPS	$1.66	$1.81	$2.17	$2.34	$2.48	$3.30	$3.53	$2.66	$2.43	$3.07
Dividend Payout	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

Metric	Sep '23	Dec '23	Mar '24	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26
Revenue	$37.0M	$39.0M	$39.0M	$41.0M	$42.0M	$44.0M	$43.0M	$44.0M	$45.0M	$45.0M	$39.0M	$45.0M
Operating Expenses	$28.0M	$31.0M	$32.0M	$33.0M	$33.0M	$35.0M	$34.0M	$34.0M	$34.0M	$33.0M	$33.0M	$33.0M
Operating Profit	$9.0M	$8.0M	$7.0M	$7.0M	$9.0M	$9.0M	$9.0M	$10.0M	$11.0M	$12.0M	$6.0M	$12.0M
Operating Margin	24.3%	20.8%	18.7%	18.4%	21.6%	19.9%	20.1%	22.4%	24.4%	27.4%	16.5%	25.9%
Interest	$17.0M	$19.0M	$20.0M	$21.0M	$22.0M	$21.0M	$21.0M	$21.0M	$21.0M	$20.0M	$18.0M	$19.0M
Profit Before Tax	$9.0M	$8.0M	$7.0M	$7.0M	$9.0M	$9.0M	$9.0M	$10.0M	$11.0M	$12.0M	$11.0M	$12.0M
Tax	$17.3M	$17.4M	$17.2M	$17.4M	$17.4M	$16.1M	$17.4M	$18.2M	$18.0M	$18.2M	$17.5M	$16.9M
Net Profit	$7.0M	$7.0M	$6.0M	$6.0M	$8.0M	$7.0M	$7.0M	$8.0M	$9.0M	$10.0M	$9.0M	$10.0M
EPS	$0.67	$0.60	$0.54	$0.55	$0.68	$0.65	$0.63	$0.72	$0.81	$0.91	$0.80	$0.85

Over the 10 years reported for First Bancorp, Inc (ME), borrowings decreased from $279.0M in 2016 to $188.0M in 2025, cash stood at $32.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 0.11 times.

Balance Sheet — 10 Years (USD millions)

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Total Assets	$1.7B	$1.8B	$1.9B	$2.1B	$2.4B	$2.5B	$2.7B	$2.9B	$3.2B	$3.2B
Current Assets	$324.0M	$323.0M	$355.0M	$393.0M	$405.0M	$415.0M	$321.0M	$329.0M	$338.0M	$311.0M
Cash	$18.0M	$20.0M	$31.0M	$26.0M	$82.0M	$87.0M	$26.0M	$35.0M	$50.0M	$32.0M
Inventory	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Receivables	$6.0M	$6.0M	$7.0M	$7.0M	$9.0M	$8.0M	$10.0M	$12.0M	$14.0M	$14.0M
Fixed Assets	$22.0M	$23.0M	$22.0M	$21.0M	$27.0M	$29.0M	$28.0M	$29.0M	$28.0M	$29.0M
Capital Work in Progress	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Investments	$1.6B	$1.7B	$1.8B	$1.9B	$2.1B	$2.3B	$2.6B	$2.8B	$3.0B	$3.0B
Other Assets	$30.0M	$30.0M	$30.0M	$30.0M	$31.0M	$31.0M	$31.0M	$31.0M	$31.0M	$31.0M
Total Liabilities	$1.5B	$1.7B	$1.8B	$1.9B	$2.1B	$2.3B	$2.5B	$2.7B	$2.9B	$2.9B
Current Liabilities	$1.4B	$1.5B	$1.7B	$1.8B	$2.1B	$2.2B	$2.5B	$2.7B	$2.8B	$2.8B
Borrowings	$279.0M	$229.0M	$210.0M	$185.0M	$262.0M	$136.0M	$103.0M	$70.0M	$146.0M	$188.0M
Other Liabilities	$1.3B	$1.4B	$1.5B	$1.7B	$1.9B	$2.1B	$2.4B	$2.6B	$2.8B	$2.7B
Equity	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Reserves	$173.0M	$181.0M	$192.0M	$213.0M	$224.0M	$246.0M	$229.0M	$243.0M	$252.0M	$283.0M

For First Bancorp, Inc (ME), operating cash flow was positive in 10 of 10 reported years; free cash flow in the latest year was $35.0M; free cash flow was positive in 10 of 10 years; financing activities used $61.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Operating Cash Flow	$21.0M	$22.0M	$34.0M	$26.0M	$23.0M	$57.0M	$41.0M	$37.0M	$26.0M	$38.0M
Investing Cash Flow	$-150.0M	$-133.0M	$-114.0M	$-118.0M	$-253.0M	$-206.0M	$-249.0M	$-202.0M	$-219.0M	$-6.0M
Financing Cash Flow	$198.0M	$171.0M	$108.0M	$123.0M	$175.0M	$278.0M	$255.0M	$221.0M	$125.0M	$-61.0M
Net Cash Flow	$3.0M	$2.0M	$0	$-5.0M	$12.0M	$-6.0M	$2.0M	$9.0M	$-4.0M	$0
Free Cash Flow	$19.0M	$20.0M	$32.0M	$24.0M	$20.0M	$53.0M	$40.0M	$34.0M	$25.0M	$35.0M

Valuation & Return Ratios

Metric	Value
PEG Ratio	0.39
EV / EBITDA	—
FCF Yield	—
Quick Ratio	—
Interest Coverage	—
Return 1Y	34.06%
Return 3Y	49.40%
Return 5Y	55.45%

First Bancorp, Inc (ME) (FNLC) financials — frequently asked questions

What is First Bancorp, Inc (ME)'s annual revenue?

First Bancorp, Inc (ME) (FNLC) reported annual revenue of $178.0M in its most recent fiscal year.

What is First Bancorp, Inc (ME)'s net profit?

First Bancorp, Inc (ME) (FNLC) reported net profit of $34.0M in its most recent fiscal year.

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