What is First Bancorp's earnings per share (EPS)?

First Bancorp (FNLC) reported diluted earnings per share of $3.07 for fiscal year 2025. This represents a 26.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

First Bancorp Financials

FNLC

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

This page shows First Bancorp (FNLC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI FNLC FY2025 2026-05-08

FY2025 earnings recovered on a nearly unchanged balance sheet, showing better profit extraction from existing assets instead of simple balance-sheet growth.

With assets nearly flat year over year, net income rose from $27.0M to $34.4M, suggesting better monetization of the same asset base rather than earnings bought through expansion. The rebound also looks cleaner because ROA improved from 0.9% to 1.1% and operating cash flow stayed ahead of profit, so the improvement was not just an accounting effect.

Liabilities fell by about $21.4M while equity increased by $30.7M. That shift pushed debt-to-equity down to 0.3x from 0.4x, leaving the company less reliant on borrowed capital to support its asset base and giving the earnings rebound more balance-sheet backing.

Free cash flow reached $34.6M on $37.8M of operating cash flow, so little cash was absorbed beyond core operations. With capital spending only $3.2M, this remains a low physical-capital-intensity business where more of each earnings dollar can be retained, paid out, or used to absorb balance-sheet stress.

Financial Health Signals

Financial Health Score 48/100

Scored as: Banks peer group

Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of First Bancorp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Earnings

Growth

Capital

Efficiency

Stability

Piotroski F-Score Partial

5/7

First Bancorp passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.10x

For every $1 of reported earnings, First Bancorp generates $1.10 in operating cash flow ($37.8M OCF vs $34.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$160.3M

YoY+7.7%

5Y CAGR+15.8%

10Y CAGR+12.2%

First Bancorp generated $160.3M in revenue in fiscal year 2025. This represents an increase of 7.7% from the prior year.

EBITDA

N/A

Net Income

$34.4M

YoY+27.2%

5Y CAGR+4.9%

10Y CAGR+7.8%

First Bancorp reported $34.4M in net income in fiscal year 2025. This represents an increase of 27.2% from the prior year.

EPS (Diluted)

$3.07

YoY+26.3%

5Y CAGR+4.4%

10Y CAGR+7.4%

First Bancorp earned $3.07 per diluted share (EPS) in fiscal year 2025. This represents an increase of 26.3% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$34.6M

YoY+40.8%

5Y CAGR+11.4%

10Y CAGR+5.7%

First Bancorp generated $34.6M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 40.8% from the prior year.

Cash & Debt

$27.8M

YoY+0.5%

5Y CAGR+1.2%

10Y CAGR+6.9%

First Bancorp held $27.8M in cash against $95.5M in long-term debt as of fiscal year 2025.

Dividends Per Share

$1.47

YoY+2.8%

5Y CAGR+3.6%

10Y CAGR+5.4%

First Bancorp paid $1.47 per share in dividends in fiscal year 2025. This represents an increase of 2.8% from the prior year.

Shares Outstanding

11M

YoY+0.6%

5Y CAGR+0.5%

10Y CAGR+0.4%

First Bancorp had 11M shares outstanding in fiscal year 2025. This represents an increase of 0.6% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

21.5%

YoY+3.3pp

5Y CAGR-13.7pp

10Y CAGR-10.4pp

First Bancorp's net profit margin was 21.5% in fiscal year 2025, showing the share of revenue converted to profit. This is up 3.3 percentage points from the prior year.

Return on Equity

12.2%

YoY+1.4pp

5Y CAGR+0.0pp

10Y CAGR+2.5pp

First Bancorp's ROE was 12.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.4 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$282K

YoY+33.0%

5Y CAGR+12.6%

10Y CAGR+4.6%

First Bancorp spent $282K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 33.0% from the prior year.

Capital Expenditures

$3.2M

YoY+118.3%

5Y CAGR+4.9%

10Y CAGR+13.3%

First Bancorp invested $3.2M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 118.3% from the prior year.

FNLC Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$160.3M+7.7%	$148.8M+16.1%	$128.2M+37.8%	$93.0M+20.7%	$77.1M0.0%	$77.1M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$27.0M+11.4%	$24.2M+10.4%	$21.9M-5.9%	$23.3M+10.2%	$21.2M+3.7%	$20.4M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$82.9M-2.4%	$84.9M+34.9%	$63.0M+273.3%	$16.9M+56.5%	$10.8M-37.6%	$17.3M
Income Tax	$7.5M+36.2%	$5.5M-10.4%	$6.2M-26.3%	$8.4M+9.8%	$7.6M+49.3%	$5.1M
Net Income	$34.4M+27.2%	$27.0M-8.4%	$29.5M-24.3%	$39.0M+7.5%	$36.3M+33.7%	$27.1M
EPS (Diluted)	$3.07+26.3%	$2.43-8.6%	$2.66-24.6%	$3.53+7.0%	$3.30+33.1%	$2.48

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$39.1M-3.9%	$40.7M-0.7%	$41.0M+3.0%	$39.8M+2.9%	$38.7M-0.7%	$39.0M+1.9%	$38.3M+4.7%	$36.6M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$7.3M-44.2%	$13.1M+96.7%	$6.7M+6.3%	$6.3M-8.4%	$6.8M-43.6%	$12.1M+98.3%	$6.1M+9.7%	$5.6M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$18.4M-6.0%	$19.6M-6.3%	$20.9M-2.2%	$21.4M+2.4%	$20.9M-2.5%	$21.4M-2.0%	$21.9M+1.9%	$21.5M
Income Tax	$1.9M-15.8%	$2.3M+13.7%	$2.0M+11.6%	$1.8M+20.3%	$1.5M+6.4%	$1.4M-12.1%	$1.6M+22.5%	$1.3M
Net Income	$9.0M-11.6%	$10.2M+12.0%	$9.1M+12.6%	$8.1M+13.9%	$7.1M-2.8%	$7.3M-3.8%	$7.6M+22.7%	$6.2M
EPS (Diluted)	$0.80-12.1%	$0.91+12.3%	$0.81+12.5%	$0.72+14.3%	$0.63-4.5%	$0.66-2.9%	$0.68+23.6%	$0.55

FNLC Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$3.2B+0.3%	$3.2B+7.1%	$2.9B+7.6%	$2.7B+8.4%	$2.5B+7.0%	$2.4B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$27.8M+0.5%	$27.6M-13.5%	$31.9M+40.5%	$22.7M+10.1%	$20.6M-21.3%	$26.2M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$30.6M0.0%	$30.6M0.0%	$30.6M0.0%	$30.6M0.0%	$30.6M0.0%	$30.6M
Total Liabilities	$2.9B-0.7%	$2.9B+7.4%	$2.7B+7.7%	$2.5B+10.0%	$2.3B+6.7%	$2.1B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$95.5M+0.5%	$95.0M	$0-100.0%	$84K-99.8%	$55.1M0.0%	$55.1M
Total Equity	$283.1M+12.1%	$252.5M+3.9%	$243.1M+6.2%	$228.9M-6.8%	$245.7M+9.8%	$223.7M
Retained Earnings	$240.5M+7.9%	$222.8M+5.1%	$211.9M+3.7%	$204.3M+13.3%	$180.4M+13.9%	$158.4M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$3.2B+1.1%	$3.2B-1.0%	$3.2B0.0%	$3.2B+0.4%	$3.2B+1.0%	$3.2B+0.5%	$3.1B+1.9%	$3.1B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$23.6M-15.0%	$27.8M-12.1%	$31.6M+15.5%	$27.4M+3.5%	$26.4M-4.4%	$27.6M-21.3%	$35.1M+26.3%	$27.8M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$30.6M0.0%	$30.6M0.0%	$30.6M0.0%	$30.6M0.0%	$30.6M0.0%	$30.6M0.0%	$30.6M0.0%	$30.6M
Total Liabilities	$2.9B+1.1%	$2.9B-1.4%	$2.9B-0.3%	$2.9B+0.2%	$2.9B+0.8%	$2.9B+0.6%	$2.9B+1.6%	$2.8B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$95.5M0.0%	$95.5M0.0%	$95.5M+0.5%	$95.0M+35.7%	$70.0M-26.3%	$95.0M0.0%	$95.0M+35.7%	$70.0M
Total Equity	$286.8M+1.3%	$283.1M+3.1%	$274.6M+3.4%	$265.5M+2.2%	$259.7M+2.8%	$252.5M-1.7%	$256.8M+5.0%	$244.7M
Retained Earnings	$245.0M+1.9%	$240.5M+2.6%	$234.4M+2.1%	$229.5M+1.7%	$225.6M+1.2%	$222.8M+1.5%	$219.6M+1.6%	$216.0M

FNLC Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$37.8M+45.2%	$26.0M-29.4%	$36.9M-10.4%	$41.2M-27.3%	$56.7M+149.8%	$22.7M
Capital Expenditures	$3.2M+118.3%	$1.5M-44.0%	$2.6M+87.7%	$1.4M-62.6%	$3.8M+47.9%	$2.5M
Free Cash Flow	$34.6M+40.8%	$24.6M-28.3%	$34.3M-13.9%	$39.8M-24.8%	$52.9M+162.6%	$20.2M
Investing Cash Flow	-$3.0M+98.6%	-$217.4M-8.8%	-$199.8M+19.3%	-$247.6M-22.7%	-$201.7M+19.3%	-$250.1M
Financing Cash Flow	-$34.7M-118.5%	$187.1M+8.7%	$172.1M-17.4%	$208.5M+49.5%	$139.5M-41.7%	$239.2M
Dividends Paid	$16.3M+3.4%	$15.8M+2.5%	$15.4M+4.3%	$14.8M+6.0%	$13.9M+4.6%	$13.3M
Share Buybacks	$282K+33.0%	$212K-15.2%	$250K-9.7%	$277K+9.5%	$253K+62.2%	$156K

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$22.8M+48.2%	$15.4M+19.1%	$12.9M+75.1%	$7.4M+237.9%	$2.2M-80.9%	$11.4M+16.9%	$9.8M+53.0%	$6.4M
Capital Expenditures	$526K-63.3%	$1.4M+379.6%	$299K+121.5%	$135K-90.0%	$1.4M+38.1%	$979K+782.0%	$111K+88.1%	$59K
Free Cash Flow	$22.2M+59.7%	$13.9M+10.6%	$12.6M+74.3%	$7.2M+773.4%	$828K-92.1%	$10.4M+8.1%	$9.6M+52.7%	$6.3M
Investing Cash Flow	-$30.7M-235.6%	$22.7M+261.8%	$6.3M+186.4%	-$7.3M+70.6%	-$24.7M+25.3%	-$33.0M+24.4%	-$43.7M+57.8%	-$103.6M
Financing Cash Flow	$3.8M+109.0%	-$41.9M-180.6%	-$14.9M-1937.4%	$812K-96.2%	$21.3M+50.7%	$14.1M-65.7%	$41.3M-59.2%	$101.1M
Dividends Paid	$4.0M-2.8%	$4.2M+0.1%	$4.1M+0.1%	$4.1M+6.3%	$3.9M+0.6%	$3.9M-3.4%	$4.0M0.0%	$4.0M
Share Buybacks	$278K+14000.0%	-$2K-122.2%	$9K+550.0%	-$2K-100.7%	$277K	$0	$0-100.0%	$1K

FNLC Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	21.5%+3.3pp	18.2%-4.9pp	23.0%-18.9pp	41.9%-5.1pp	47.0%+11.9pp	35.2%
Return on Equity	12.2%+1.4pp	10.7%-1.4pp	12.1%-4.9pp	17.0%+2.3pp	14.8%+2.6pp	12.1%
Return on Assets	1.1%+0.2pp	0.9%-0.1pp	1.0%-0.4pp	1.4%-0.0pp	1.4%+0.3pp	1.1%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.34-0.0	0.38+0.4	0.000.0	0.00-0.2	0.22-0.0	0.25
FCF Margin	21.6%+5.1pp	16.5%-10.2pp	26.8%-16.0pp	42.8%-25.9pp	68.7%+42.5pp	26.1%

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	23.0%-2.0pp	25.0%+2.8pp	22.1%+1.9pp	20.3%+2.0pp	18.3%-0.4pp	18.7%-1.1pp	19.8%+2.9pp	16.9%
Return on Equity	3.1%-0.5pp	3.6%+0.3pp	3.3%+0.3pp	3.0%+0.3pp	2.7%-0.1pp	2.9%-0.1pp	2.9%+0.4pp	2.5%
Return on Assets	0.3%-0.0pp	0.3%+0.0pp	0.3%+0.0pp	0.3%+0.0pp	0.2%0.0pp	0.2%0.0pp	0.2%+0.0pp	0.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.330.0	0.34-0.0	0.35-0.0	0.36+0.1	0.27-0.1	0.380.0	0.37+0.1	0.29
FCF Margin	56.8%+22.6pp	34.2%+3.5pp	30.7%+12.6pp	18.2%+16.0pp	2.1%-24.6pp	26.7%+1.6pp	25.2%+7.9pp	17.3%

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Frequently Asked Questions

What is First Bancorp's annual revenue?

First Bancorp (FNLC) reported $160.3M in total revenue for fiscal year 2025. This represents a 7.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is First Bancorp's revenue growing?

First Bancorp (FNLC) revenue grew by 7.7% year-over-year, from $148.8M to $160.3M in fiscal year 2025.

Is First Bancorp profitable?

Yes, First Bancorp (FNLC) reported a net income of $34.4M in fiscal year 2025, with a net profit margin of 21.5%.

How much debt does First Bancorp have?

As of fiscal year 2025, First Bancorp (FNLC) had $27.8M in cash and equivalents against $95.5M in long-term debt.

What is First Bancorp's net profit margin?

First Bancorp (FNLC) had a net profit margin of 21.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does First Bancorp pay dividends?

Yes, First Bancorp (FNLC) paid $1.47 per share in dividends during fiscal year 2025.

What is First Bancorp's return on equity (ROE)?

First Bancorp (FNLC) has a return on equity of 12.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is First Bancorp's free cash flow?

First Bancorp (FNLC) generated $34.6M in free cash flow during fiscal year 2025. This represents a 40.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is First Bancorp's operating cash flow?

First Bancorp (FNLC) generated $37.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are First Bancorp's total assets?

First Bancorp (FNLC) had $3.2B in total assets as of fiscal year 2025, including both current and long-term assets.

What are First Bancorp's capital expenditures?

First Bancorp (FNLC) invested $3.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does First Bancorp buy back shares?

Yes, First Bancorp (FNLC) spent $282K on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does First Bancorp have outstanding?

First Bancorp (FNLC) had 11M shares outstanding as of fiscal year 2025.

What is First Bancorp's debt-to-equity ratio?

First Bancorp (FNLC) had a debt-to-equity ratio of 0.34 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is First Bancorp's return on assets (ROA)?

First Bancorp (FNLC) had a return on assets of 1.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is First Bancorp's Piotroski F-Score?

First Bancorp (FNLC) has a Piotroski F-Score of 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are First Bancorp's earnings high quality?

First Bancorp (FNLC) has an earnings quality ratio of 1.10x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is First Bancorp?

First Bancorp (FNLC) scores 48 out of 100 on our Financial Health Score, indicating moderate standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.