First Bancorp, Inc (ME) (FNLC) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

First Bancorp, Inc (ME)

NasdaqGS•Financial Services•Banks - Regional

$34.58-0.56(-0.02%)Pre-market

Market Cap

$389.97M

P/E

10.3x

P/S

3.8x

P/B

1.3x

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.

How this company scores

WeakMetricSide Score: 88/100

Grade capped at D — Interest coverage below 1× (0.6x) — earnings cannot cover interest. Strongest: Growth (24/25); weakest: Balance Sheet & Red Flags (17/25).

Profitability23/25

Growth24/25

Balance Sheet & Red Flags17/25

Cash & Earnings Quality24/25

Strengths

Growing revenueRising free cash flowStrong marginsRising earnings

Grade capped at D

Interest coverage below 1× (0.6x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 10.3x5y range 7.6x – 11.4x

Currently near its 20-quarter median.

P/S · 3.8x5y range 3.1x – 3.9x

Currently near its 20-quarter median.

P/B · 1.3x5y range 1.0x – 1.4x

Price & Volume

Market Cap $389.97M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $101.34M
Q. Revenue: $25.82M
TTM EBITDA: $49.71M
TTM Op. Income: $45.59M
Q. Op. Income: $11.53M
TTM Net Income: $37.81M
Q. Net Income: $9.56M
EPS: $0.86
Shares Out.: $11.12M

$101.34M in TTM revenue grew 16.7% YoY, reaching $25.82M last quarter. TTM EBITDA of $49.71M and TTM operating income of $45.59M show growth is flowing through to the bottom line. TTM net income of $37.81M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 27.7%
EBITDA Margin: 48.7%
Op. Margin: 44.6%
Net Margin: 37.0%

Op. margin of 44.6% is up 0.3% YoY — cost efficiency is improving. Net margin at 37.0% and gross margin of 27.7% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 1% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 10.3x
P/S Ratio: 3.8x
P/B Ratio: 1.3x

At 10.3x P/E, the stock trades below typical market levels. P/S of 3.8x and P/B of 1.3x provide additional context. P/E sits below typical market levels while revenue is growing. Across the last 8 quarters, P/E has risen for 2 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $3.22B
Cash: $29.76M
Long-Term Debt: $35.50M
Book Value: $292.96M
D/E Ratio: 0.1
Debt/EBITDA: 2.8

With $3.22B in assets and $35.50M in long-term debt, D/E is 0.1and book value is $292.96M — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 4 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-12.97M
TTM Free Cash Flow: $35.62M
FCF Margin: 35.2%
FCF / Net Income: 0.9

TTM FCF of $35.62M on $-12.97M in operating cash flow. The FCF / Net Income ratio of 0.9x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 27% — a weakening trend.