Loading…
First Bancorp, Inc
How the company evolved, year by year. Revenue and debt come from the annual reports — for most companies, the 10-K filings with the SEC since 2009; dividends from the payments themselves.
The bars are a balance on the closing date; the lines are what happened during the year. Revenue above equity is ordinary, not an anomaly — it means the company turns its capital over more than once a year.
Major managers that reported this stock in their latest 13F.
None of the investors we track reported a position in FNLC.
▲ +15.8% over 5Y.
today you would have $1,526.13▲ +52.6%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 18 closed years. Each multiple uses that year’s closing price and that year’s reported numbers — not today’s. The range is set by the annual reports on record.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $26.44 | $27.35 | $28.22 | $29.94 | $31.40 | $25.40 | $30.23 | $26.30 | $27.23 | $33.10 | $20.47 | $18.09 | $17.42 | $16.47 | $15.37 | $15.79 | $15.42 |
Seven formulas applied to what the company reported. None of them predicts a price — each answers what the stock would be worth if its assumption held. The assumption is printed next to every number, because it is the assumption that produces the result.
Square root of 22.5 × earnings × book value — the two ceilings Graham proposed. Blind to intangibles, so it undervalues software and brands.
Earnings growing 4.4% a year plus a 4.4% dividend — Lynch adds the yield to the growth rate, so a payer is not priced like a company that returns nothing. Growth capped at 25%.
Median P/E of 13.4 among peers in the sector.
Median P/E of 13.1 across the years on record for this company itself. Answers whether it is cheap against its own past, which a whole sector trading low cannot flatter.
Cash flow growing 4.4% a year for 10 years, discounted at 10%, then 2.5% forever.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Financial Services, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| FRSTPrimis Financial Corp. | $15.81 | 7.3x | 0.9x | 2.53% | 13.11% | $392.07M |
| ZKPLafayette Digital Acquisition Corp. I | $10.02 | — | — | — | — | $391.72M |
| GUACBerto Acquisition Corp. II | $9.95 | — | 1.3x | — | — | $391.71M |
| PCAPProCap Acquisition Corp | $10.36 |
The First Bancorp, Inc. operates as the bank holding company for First National Bank that provides a range of banking products and services to individual and corporate customers. It accepts various deposit products, including demand, NOW, time, savings, money market, and certificates of deposit accounts. The company also provides commercial loans, such as mortgage loans to finance investments in real property, which includes retail spaces, offices, industrial buildings, hotels, educational facilities, and other specific or mixed use properties; commercial real estate non-owner occupied loans; commercial construction to finance construction in a mix of owner- and nonowner occupied commercial real estate properties; and commercial and industrial loans, including revolving and term loans for financing working capital and/or capital investment. In addition, it offers commercial multifamily loans; residential real estate term and construction loans; loans to municipalities in Maine for capitalized expenditures, construction projects, or tax anticipation notes; home equity revolving and term loans; and personal lines of credit and amortizing loans for various purposes, such as autos, recreational vehicles, debt consolidation, personal expenses, or overdraft protection. Further, the company offers private banking, financial planning, investment management, and trust services to individuals, businesses, non-profit organizations, and municipalities, as well as brokerage, annuity, and various insurance products. It operates through full-service banking offices in Lincoln, Knox, Waldo, Penobscot, Hancock, and Washington counties in the Mid-Coast, Eastern, and Down East regions of Maine. The company was formerly known as First National Lincoln Corporation and changed its name to The First Bancorp, Inc. in April 2008. The First Bancorp, Inc. was founded in 1864 and is based in Damariscotta, Maine.
Company description provided by Yahoo Finance.
| $19.89 |
| P/E | 13.1x | 8.6x | 11.3x | 10.6x | 8.5x | 9.5x | 10.2x | 12.9x | 12.1x | 15.0x | 19.9x | 13.6x | 13.2x | 14.5x | 13.5x | 13.5x | 14.4x | 12.6x | 13.8x |
| P/S | 3.8x | 3.1x | 3.8x | 3.9x | 3.6x | 4.0x | 3.6x | 5.0x | 4.6x | 4.9x | 6.5x | 4.1x | 3.8x | 3.8x | 3.2x | 2.9x | 3.1x | 2.7x | 4.1x |
| P/B | 1.3x | 1.1x | 1.2x | 1.3x | 1.4x | 1.4x | 1.2x | 1.6x | 1.5x | 1.6x | 2.1x | 1.3x | 1.2x | 1.3x | 1.0x | 1.0x | 1.0x | 1.0x | 1.6x |
| EPS | $3.07 | $2.43 | $2.66 | $3.53 | $3.30 | $2.48 | $2.34 | $2.17 | $1.81 | $1.66 | $1.51 | $1.37 | $1.20 | $1.22 | $1.14 | $1.10 | $1.22 | $1.44 |
| Dividend yield | 4.61% | 5.52% | 5.19% | 4.89% | 4.41% | 4.01% | 4.80% | 3.90% | 4.03% | 3.89% | 2.72% | 3.18% | 5.69% | 4.48% | 4.74% | 5.07% | 4.94% | 3.79% | 4.75% |
| Payout | 53.05% | 47.56% | 58.44% | 51.88% | 37.39% | 38.18% | 49.19% | 50.43% | 48.85% | 58.56% | 54.22% | 43.05% | 75.18% | 65.00% | 63.93% | 68.42% | 70.91% | 47.95% | 65.63% |
| Profit margin | 32.60% | 36.31% | 33.69% | 36.60% | 41.91% | 42.33% | 34.80% | 38.28% | 37.47% | 32.73% | 32.48% | 30.48% | 29.04% | 26.18% | 25.29% | 23.44% | 24.37% | 23.12% | 29.64% |
| ROE | 10.76% | 12.15% | 10.71% | 12.14% | 17.03% | 14.76% | 12.13% | 12.01% | 12.29% | 10.80% | 10.44% | 9.68% | 9.10% | 8.87% | 8.12% | 8.20% | 8.09% | 8.82% | 11.98% |
Median, not average: a single year of near-zero profit produces a P/E of 400 and would drag an average on its own. P/E years above 200x are left out, the same cut the fair price uses — so this median matches the “its own history” method below. Price and EPS have no median: they are series that grow.
Dividend growing 5.5% a year against a 7.0% required return, taken from the stock’s beta. The only method anchored on what the company pays rather than what it reports.
Not the average of the seven numbers above. Four of the seven start from the same earnings per share — Graham, Lynch, sector multiples and its own history — so averaging all seven would let one input count four times and drown out the others. Instead each family produces one number, and the fair price is the average of the families that answered. A family with two working formulas contributes their average, not two votes.
6 methods answered, across 3 families.
Every formula reads the same reported statements and they can be wrong together. The margin is room for that.
+70.3% from the average.
These are models, not forecasts, and not investment advice. Change one assumption and the number changes with it — that is a property of valuation, not a defect of this page.
| 33.4x |
| — |
| — |
| — |
| $392.96M |
| FCBMFirst Carolina Financial Services, Inc. | $12.59 | 28.0x | 0.9x | — | — | $391.16M |
| TACOBerto Acquisition Corp. | $10.48 | 31.8x | 1.3x | — | — | $393.2M |