Company Quick10K Filing
First Bancorp
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 11 $273
10-Q 2019-11-12 Quarter: 2019-09-30
10-Q 2019-08-09 Quarter: 2019-06-30
10-Q 2019-05-09 Quarter: 2019-03-31
10-K 2019-03-08 Annual: 2018-12-31
10-Q 2018-11-09 Quarter: 2018-09-30
10-Q 2018-08-09 Quarter: 2018-06-30
10-Q 2018-05-09 Quarter: 2018-03-31
10-K 2018-03-14 Annual: 2017-12-31
10-Q 2017-11-09 Quarter: 2017-09-30
10-Q 2017-08-09 Quarter: 2017-06-30
10-Q 2017-05-09 Quarter: 2017-03-31
10-K 2017-03-10 Annual: 2016-12-31
10-Q 2016-11-09 Quarter: 2016-09-30
10-Q 2016-08-09 Quarter: 2016-06-30
10-Q 2016-05-06 Quarter: 2016-03-31
10-K 2016-03-11 Annual: 2015-12-31
10-Q 2015-11-06 Quarter: 2015-09-30
10-Q 2015-08-07 Quarter: 2015-06-30
10-Q 2015-05-08 Quarter: 2015-03-31
10-K 2015-03-13 Annual: 2014-12-31
10-Q 2014-11-07 Quarter: 2014-09-30
10-Q 2014-08-08 Quarter: 2014-06-30
10-Q 2014-05-09 Quarter: 2014-03-31
10-K 2014-03-14 Annual: 2013-12-31
10-Q 2013-11-08 Quarter: 2013-09-30
10-Q 2013-08-09 Quarter: 2013-06-30
10-Q 2013-05-09 Quarter: 2013-03-31
10-K 2013-03-08 Annual: 2012-12-31
10-Q 2012-11-09 Quarter: 2012-09-30
10-Q 2012-08-09 Quarter: 2012-06-30
10-Q 2012-05-10 Quarter: 2012-03-31
10-K 2012-03-12 Annual: 2011-12-31
10-Q 2011-11-09 Quarter: 2011-09-30
10-Q 2011-08-09 Quarter: 2011-06-30
10-Q 2011-05-09 Quarter: 2011-03-31
10-K 2011-03-11 Annual: 2010-12-31
10-Q 2010-11-08 Quarter: 2010-09-30
10-Q 2010-08-05 Quarter: 2010-06-30
10-Q 2010-05-07 Quarter: 2010-03-31
10-K 2010-03-12 Annual: 2009-12-31
8-K 2019-12-19 Other Events, Exhibits, Other Events, Exhibits
8-K 2019-12-19 Amend Bylaw, Amend Bylaw
8-K 2019-10-23
8-K 2019-09-26 Other Events, Exhibits, Other Events, Exhibits
8-K 2019-07-17 Earnings, Earnings, Exhibits
8-K 2019-06-27 Other Events, Exhibits, Other Events, Exhibits
8-K 2019-04-26 Shareholder Vote, Shareholder Vote
8-K 2019-04-17 Earnings, Earnings, Exhibits
8-K 2019-03-28 Other Events, Exhibits, Other Events, Exhibits
8-K 2019-01-23 Earnings, Earnings, Exhibits
8-K 2018-12-20 Other Events, Exhibits, Other Events, Exhibits
8-K 2018-10-17 Earnings, Earnings, Exhibits
8-K 2018-09-27 Other Events, Exhibits, Other Events, Exhibits
8-K 2018-07-18 Earnings, Earnings, Exhibits
8-K 2018-06-28 Other Events, Exhibits, Other Events, Exhibits
8-K 2018-04-27 Shareholder Vote, Shareholder Vote
8-K 2018-04-18 Earnings, Earnings, Exhibits
8-K 2018-03-30 Officers, Exhibits
8-K 2018-03-22 Other Events, Exhibits, Other Events, Exhibits
8-K 2018-01-17 Earnings, Earnings, Exhibits

First Bancorp Financials

FNLC Metrics, Comps, Filings

Annual | Quarterly

Business

The First Bancorp, Inc. (the "Company") was incorporated under the laws of the State of Maine on January 15, 1985, for the purpose of becoming the parent holding company of The First National Bank of Damariscotta, which was chartered as a national bank under the laws of the United States on May 30, 1864. At the Company's Annual Meeting of Shareholders on April 30, 2008, the Company's name was changed from First National Lincoln Corporation to The First Bancorp, Inc.

On January 14, 2005, the acquisition of FNB Bankshares ("FNB") of Bar Harbor, Maine, was completed, adding seven banking offices and one investment management office in Hancock and Washington counties of Maine. FNB's subsidiary, The First National Bank of Bar Harbor, was merged into The First National Bank of Damariscotta at closing, and from January 31, 2005, until January 28, 2016, the combined banks operated under the name: The First, N.A. On January 28, 2016, the Board of Directors voted to change the Bank's name to First National Bank (the "Bank").

On October 26, 2012, the Bank completed the purchase of a branch at 63 Union Street in Rockland, Maine, from Camden National Bank ("Camden National"). The branch is one of 15 Maine branches Camden National acquired from Bank of America, and this branch was divested by Camden National to resolve competitive concerns in that market raised by the U.S. Department of Justice's Antitrust Division. As part of the transaction, the Bank acquired approximately $32.3 million in deposits as well as a small volume of loans. On the same date, the Bank completed the purchase of a full-service bank building at 145 Exchange Street in Bangor, Maine, also from Camden National, and opened a full-service branch in this building in February of 2013. The total value of the transaction was $6.6 million, which included the premises and equipment for the two locations, the premium paid for the Rockland deposits, a small amount of loans, plus core deposit intangible and goodwill.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Marlin Business Services (MRLN) 298 0% 2.8 2% 1,280 1,074 12 0 24 54 150
Republic First Bancorp (FRBK) 295 0% 8.5 0% 2,941 2,690 7 0 5 35 295
SmartFinancial (SMBK) 294 1.9 1% 2,391 2,092 0 0 25 49 94
Central Valley Community Bancorp (CVCY) 289 7.1 1% 1,613 1,382 0 0 22 34 241
Howard Bancorp (HBMD) 283 0% 9.2 0% 2,296 1,992 3 0 10 34 311
CapStar Financial (CSTR) 282 0% 3.0 1% 2,018 1,756 4 0 13 42 126
Pacific City Financial (PCB) 278 0% 2.2 2% 1,726 1,503 2 0 26 65 144
Mutualfirst Financial (MFSF) 277 5.3 1% 2,091 1,874 0 0 22 46 244
Southern First Bancshares (SFST) 274 0% 2.9 1% 2,116 1,926 7 0 25 54 157
First Bancorp (FNLC) 273 4.7 1% 1,999 1,794 0 0 25 56 266
Baycom (BCML) 265 -0.3 1% 1,772 1,537 0 0 13 254 -86
FVCBankcorp (FVCB) 261 0% 7.4 1% 1,485 1,314 0 0 13 33 246
Reliant Bancorp (RBNC) 261 5.7 1% 1,794 1,580 0 0 16 39 225
ACNB (ACNB) 258 7.1 1% 1,679 1,498 0 0 24 37 260
Parke Bank (PKBK) 256 1.6 2% 1,550 1,383 0 0 28 57 89
Orrstown Financial (ORRF) 254 6.3 0% 2,400 2,180 0 0 11 35 220
AMES National (ATLO) 252 6.8 1% 1,469 1,285 0 0 18 33 229
First Choice Bancorp (FCBP) 250 0% 0.3 1% 1,730 1,476 2 0 23 45 12
National Bankshares (NKSH) 250 0% 11.9 1% 1,270 1,086 6 0 17 21 250
Fidelity D&D Bancorp (FDBC) 248 11.3 1% 997 896 0 0 12 20 229

Balance Sheet ($MM)2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash14141112232
Accounts Receivable
Inventory
PP&E191903736002322
Assets1,3941,3731581481641701761,8431,945
Accounts Payable
Long-Term Debt1301301401309011512011565
Liabilities1,2441,222222241,6621,753
Stockholders' Equity150151156146162167173181192
Income Statement ($MM)2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue
Cost of Revenue
Gross Profit
R&D
SG&A111111
Tax44-0254674
Net Income121213131516182024
Cash Flow ($MM)2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating2530108810102334
Cash Investing-7816-00-000-130-112
Cash Financing51-46-8-9-8-9-1111078