FNLC

MKT CAP:$325M

The First Bancorp, Inc.

Market Cap

$325M

Financial Services·Banks - Regional·🇺🇸 United States·NASDAQ

Financials·Banks - Regional·🇺🇸·NASDAQ

Stock Price

$29.05+$2.63 (+9.95%)

Apr 24, 2026

Company Details

The First Bancorp, Inc. operates as the holding company for First National Bank that provides a range of banking products and services to individuals and businesses. It offers various deposit products, including demand, NOW, savings, money ...

CEO

Tony C. McKim

IPO Date

Jul 14, 1999

Website

www.thefirst.com

Key Metrics TTM

Revenue

$171M

+3.4% YoY

Net Income

$33M

EPS (Diluted)

$2.96

Free Cash Flow

$31M

Revenue / Share

$15.28

Gross Margin

39.3%

Operating Margin

17.8%

Net Margin

19.4%

FCF Margin

18.2%

P/S

1.9x

P/E

9.8x

Earnings Reports

Q1 2026

Apr 22, 2026

NEW

$39M-8.4%EPS $0.80

FY 2025

Mar 6, 2026

$178M+7.4%EPS $3.07

Q3 2025

Nov 7, 2025

$45M+7.2%EPS $0.81

Q2 2025

Aug 8, 2025

$44M+8.0%EPS $0.72

Q1 2025

May 9, 2025

$43M+9.9%EPS $0.63

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$25M	$22M	$12M
Q2 22	$26M	$22M	$12M
Q3 22	$29M	$24M	$12M
Q4 22	$31M	$23M	$11M
Q1 23	$32M	$20M	$10M
Q2 23	$35M	$20M	$9M
Q3 23	$37M	$20M	$9M
Q4 23	$39M	$19M	$8M
Q1 24	$39M	$19M	$7M
Q2 24	$41M	$19M	$7M
Q3 24	$42M	$21M	$9M
Q4 24	$44M	$21M	$9M
Q1 25	$43M	$21M	$9M
Q2 25	$44M	$22M	$10M
Q3 25	$45M	$24M	$11M
Q1 26	$39M	$0	$1M

Valuation

Quarter	P/S	P/E
Q1 22	3.4x	8.9x
Q2 22	3.3x	8.7x
Q3 22	3.0x	8.0x
Q4 22	2.9x	8.1x
Q1 23	2.4x	7.6x
Q2 23	2.1x	7.8x
Q3 23	1.9x	8.0x
Q4 23	2.1x	10.4x
Q1 24	1.8x	9.9x
Q2 24	1.7x	10.3x
Q3 24	1.8x	11.0x
Q4 24	1.8x	11.1x
Q1 25	1.6x	9.8x
Q2 25	1.6x	9.4x
Q3 25	1.7x	9.4x
Q1 26	1.8x	9.4x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 21	$11M	$11M
Q1 22	$8M	$7M
Q2 22	$11M	$11M
Q3 22	$13M	$13M
Q4 22	$9M	$9M
Q1 23	$5M	$5M
Q2 23	$11M	$11M
Q3 23	$10M	$9M
Q4 23	$11M	$10M
Q1 24	-$1M	-$2M
Q2 24	$6M	$6M
Q3 24	$10M	$10M
Q4 24	$11M	$10M
Q1 25	$2M	$828.0K
Q2 25	$7M	$7M
Q3 25	$13M	$13M

Capital Expenditures

Quarter	CapEx
Q4 21	$345.0K
Q1 22	$703.0K
Q2 22	$404.0K
Q3 22	$58.0K
Q4 22	$239.0K
Q1 23	$526.0K
Q2 23	$60.0K
Q3 23	$2M
Q4 23	$382.0K
Q1 24	$326.0K
Q2 24	$59.0K
Q3 24	$111.0K
Q4 24	$979.0K
Q1 25	$1M
Q2 25	$135.0K
Q3 25	$299.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+2.1%	-3.5%
Q2 22	+8.8%	+4.0%
Q3 22	+19.8%	+25.8%
Q4 22	+24.7%	+49.7%
Q1 23	+31.2%	+75.5%
Q2 23	+37.4%	+95.6%
Q3 23	+29.4%	+71.4%
Q4 23	+25.9%	+56.1%
Q1 24	+19.7%	+38.4%
Q2 24	+16.1%	+27.3%
Q3 24	+14.2%	+18.3%
Q4 24	+12.2%	+13.5%
Q1 25	+9.9%	+8.0%
Q2 25	+8.0%	+2.6%
Q3 25	+7.2%	+3.5%
Q1 26	-10.4%	+8.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 21	$184.0K	0.7%
Q1 22	$217.0K	0.9%
Q2 22	$195.0K	0.8%
Q3 22	$198.0K	0.7%
Q4 22	$199.0K	0.6%
Q1 23	$184.0K	0.6%
Q2 23	$214.0K	0.6%
Q3 23	$209.0K	0.6%
Q4 23	$213.0K	0.5%
Q1 24	$231.0K	0.6%
Q2 24	$219.0K	0.5%
Q3 24	$230.0K	0.5%
Q4 24	$215.0K	0.5%
Q1 25	$298.0K	0.7%
Q2 25	$212.0K	0.5%
Q3 25	$254.0K	0.6%

OpEx Breakdown

Quarter	G&A
Q1 22	$6M
Q2 22	$6M
Q3 22	$6M
Q4 22	$7M
Q1 23	$6M
Q2 23	$6M
Q3 23	$6M
Q4 23	$6M
Q1 24	$7M
Q2 24	$6M
Q3 24	$7M
Q4 24	$7M
Q1 25	$8M
Q2 25	$8M
Q3 25	$7M

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$46M	$302M	$348M
Q3 22	$93M	$283M	$376M
Q4 22	$26M	$285M	$311M
Q1 23	$30M	$288M	$318M
Q2 23	$29M	$278M	$307M
Q3 23	$68M	$285M	$353M
Q4 23	$35M	$282M	$317M
Q1 24	$27M	$274M	$301M
Q2 24	$61M	$274M	$334M
Q3 24	$52M	$285M	$337M
Q4 24	$50M	$275M	$324M
Q1 25	$29M	$281M	$310M
Q2 25	$31M	$278M	$309M
Q3 25	$39M	$11.0K	$39M
Q4 25	$28M	$264M	$292M
Q1 26	$24M	$257M	$280M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	11M	+0.5%	+0.5%
Q2 22	11M	+0.0%	+0.4%
Q3 22	11M	+0.1%	+0.4%
Q4 22	11M	+0.4%	+1.0%
Q1 23	11M	-0.1%	+0.4%
Q2 23	11M	+0.1%	+0.4%
Q3 23	11M	+0.1%	+0.5%
Q4 23	11M	+0.4%	+0.5%
Q1 24	11M	-0.1%	+0.5%
Q2 24	11M	0.0%	+0.4%
Q3 24	11M	+0.1%	+0.4%
Q4 24	11M	+0.6%	+0.6%
Q1 25	11M	-0.2%	+0.6%
Q2 25	11M	0.0%	+0.6%
Q3 25	11M	+0.3%	+0.7%
Q1 26	11M	0.0%	+0.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$92.1K	269
Q2 22	$94.8K	269
Q3 22	$106.7K	269
Q4 22	$110.8K	279
Q1 23	$116.4K	279
Q2 23	$125.6K	279
Q3 23	$133.1K	279
Q4 23	$141.6K	275
Q1 24	$141.4K	275
Q2 24	$148.1K	275
Q3 24	$154.2K	275
Q4 24	$153.8K	284
Q1 25	$150.4K	284
Q2 25	$154.8K	284
Q3 25	$160.1K	284
Q1 26	$138.3K	283

Revenue / Employee