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First Bancorp
(NASDAQ:FNLC)
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Rating:71Outperform
Price Target:
$39.00
â–²(11.49% Upside)
Action:Upgraded
Date:08/18/26
The score is driven primarily by solid but risk-tinged financial performance (margin compression, higher leverage, and weaker recent FCF), offset by strong technical uptrend signals and an attractive valuation (low P/E and solid dividend yield). Recent corporate updates add modest support via dividend growth and a planned leadership transition.
Positive Factors
Improved banking efficiency
Higher net interest margin, continued loan expansion, and a lower efficiency ratio indicate improved core banking economics. If sustained, these trends can support recurring earnings by strengthening spread income while controlling operating costs.
Negative Factors
Higher balance-sheet leverage
The sharp rise in leverage increases financial risk and may reduce flexibility if funding costs rise or credit conditions weaken. With assets broadly steady, the higher debt load is not clearly supported by proportional balance-sheet expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved banking efficiency
Higher net interest margin, continued loan expansion, and a lower efficiency ratio indicate improved core banking economics. If sustained, these trends can support recurring earnings by strengthening spread income while controlling operating costs.
Read all positive factors
First Bancorp Key Performance Indicators (KPIs)
Any
Loan Portfolio By Class
Analyzes the distribution of loans across different classes, providing insight into the bank's lending strategy, risk exposure, and potential income sources.
Analyzes the distribution of loans across different classes, providing insight into the bank's lending strategy, risk exposure, and potential income sources.
Data provided by:
The Fly
The FlyFirst Bancorp (FNLC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$399.06M
Dividend Yield4.19%
Average Volume (3M)18.46K
Price to Earnings (P/E)10.4
Beta (1Y)0.46
Revenue Growth3.47%
EPS Growth25.53%
CountryUS
Employees278
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)3.41
Shares Outstanding11,282,340
10 Day Avg. Volume17,456
30 Day Avg. Volume18,457
Financial Highlights & Ratios
PEG Ratio0.32
Price to Book (P/B)1.03
Price to Sales (P/S)1.65
P/FCF Ratio8.47
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
First Bancorp Business Overview & Revenue Model
Company Description
The First Bancorp, Inc. functions as the holding company for First National Bank, providing a comprehensive suite of banking products and financial services to both individual customers and commercial enterprises. Its deposit offerings encompass v...
How the Company Makes Money
FNLC earns most of its income through traditional banking activities conducted by its bank subsidiary. The primary revenue stream is net interest income: the bank collects interest and fees on loans and other interest-earning assets (such as inves...
First Bancorp Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
64
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 174.59M | 177.61M | 165.43M | 143.62M | 109.91M | 96.46M |
| Gross Profit | 94.98M | 92.87M | 79.74M | 79.46M | 91.29M | 86.06M |
| EBITDA | 43.15M | 44.15M | 34.79M | 37.81M | 49.37M | 45.95M |
| Net Income | 37.81M | 34.39M | 27.05M | 29.52M | 38.99M | 36.27M |
Balance Sheet | ||||||
| Total Assets | 3.22B | 3.17B | 3.16B | 2.95B | 2.74B | 2.53B |
| Cash, Cash Equivalents and Short-Term Investments | 29.76M | 296.38M | 324.42M | 317.48M | 310.93M | 407.88M |
| Total Debt | 214.07M | 187.82M | 146.28M | 69.65M | 103.48M | 136.34M |
| Total Liabilities | 2.92B | 2.88B | 2.90B | 2.70B | 2.51B | 2.28B |
| Stockholders Equity | 292.96M | 283.14M | 252.49M | 243.08M | 228.92M | 245.66M |
Cash Flow | ||||||
| Free Cash Flow | 35.80M | 34.59M | 24.57M | 34.28M | 39.81M | 52.94M |
| Operating Cash Flow | 38.25M | 37.81M | 26.05M | 36.92M | 41.21M | 56.69M |
| Investing Cash Flow | -12.22M | -3.00M | -217.42M | -199.81M | -247.58M | -201.75M |
| Financing Cash Flow | -23.63M | -34.67M | 187.07M | 172.10M | 208.46M | 139.48M |
First Bancorp Technical Analysis
Positive
34.98
Price Trends
33.79
Positive
31.11
Positive
28.68
Positive
Market Momentum
0.50
Positive
59.48
Neutral
58.83
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FNLC, the sentiment is Positive. The current price of 34.98 is below the 20-day moving average (MA) of 35.21, above the 50-day MA of 33.79, and above the 200-day MA of 28.68, indicating a bullish trend. The MACD of 0.50 indicates Positive momentum. The RSI at 59.48 is Neutral, neither overbought nor oversold. The STOCH value of 58.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FNLC.
First Bancorp Risk Analysis
First Bancorp disclosed 32 risk factors in its most recent earnings report. First Bancorp reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
First Bancorp Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $434.80M | 12.13 | 13.72% | 2.05% | 32.78% | 4.54% | |
76 Outperform | $393.88M | 9.56 | 12.05% | 2.68% | 3.23% | 29.90% | |
74 Outperform | $394.37M | 9.74 | 10.64% | 2.99% | 6.34% | 35.15% | |
71 Outperform | $399.06M | 10.37 | 13.30% | 4.26% | 3.47% | 25.53% | |
71 Outperform | $368.52M | 8.31 | 12.00% | 3.94% | -4.60% | -6.95% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
62 Neutral | $379.32M | 12.27 | 8.63% | 3.19% | 4.60% | 52.13% |
* Financial Sector Average
FNLC
First Bancorp
35.60
10.71
43.04%
NECB
Northeast Community Bancorp
26.90
6.26
30.35%
PLBC
Plumas Bancorp
61.94
21.76
54.16%
WSBF
Waterstone Financial
21.18
7.48
54.63%
CZFS
Citizens Financial Services
83.67
29.74
55.13%
PCB
PCB Bancorp
28.64
7.82
37.54%
First Bancorp Corporate Events
Business Operations and StrategyExecutive/Board Changes
First Bancorp Announces CIO Leadership Transition at Subsidiary
Positive
Jul 8, 2026
First National Bank, a subsidiary of First Bancorp, has marked a major leadership transition in its technology organization following the retirement of Executive Vice President and Chief Information Officer Tammy Plummer, who concluded a 41-year c...
Dividends
First Bancorp extends streak with higher quarterly dividend
Positive
Jun 25, 2026
On June 25, 2026, The First Bancorp, parent of First National Bank, declared a second-quarter cash dividend of $0.38 per share, up one cent from the dividends paid in each of the prior four quarters and payable on July 17, 2026, to shareholders of...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.