The First Bancorp, Inc. (FNLC)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
The First Bancorp, Inc. (FNLC) trades at $35.44 with AI Score 92/100 (Grade A+). The First Bancorp, Inc. Market cap: $399.56M, Sector: Financial services.
Price live · AI analysis from May 10, 2026Analyst Coverage for FNLC: FNLC does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates FNLC against Financial Services peers across nine fundamental dimensions and assigns a relatively strong fundamental profile based on the underlying data.
FNLC: 1/1 perspectives are bullish.
How is this calculated? →The First Bancorp, Inc. (FNLC) Financial Services Profile
The First Bancorp, Inc., established in 1864, operates as a regional bank holding company for First National Bank, offering diverse banking solutions and wealth management services across Maine's Mid-Coast, Eastern, and Down East regions. With a focus on community banking, FNLC maintains a dividend yield of 5.10% and a market capitalization of $399.56M.
What Is the Investment Thesis for FNLC?
The First Bancorp, Inc. presents a stable investment opportunity within the regional banking sector. The company's consistent profitability, demonstrated by a 20.9% profit margin, and a dividend yield of 5.10% offer potential returns for investors. The company's beta of 0.51 suggests lower volatility compared to the broader market. Growth catalysts include expanding its wealth management services and increasing commercial lending activities within its existing Maine footprint. However, potential risks include interest rate sensitivity and competition from larger national banks. The company's ability to maintain its net interest margin and manage credit risk will be critical to its long-term success.
Based on FMP financials and quantitative analysis
FNLC Key Highlights
- Market capitalization of $399.56M indicates a mid-sized community bank.
- P/E ratio of 9.0 suggests a potentially undervalued stock compared to its earnings.
- Profit margin of 20.9% demonstrates strong profitability within the regional banking sector.
- Gross margin of 52.9% reflects efficient management of revenue and costs.
- Dividend yield of 5.10% provides a significant income stream for investors.
Who Are FNLC's Competitors?
FNLC is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| MCHB Mechanics Bank | $16.21 | +0.31% | 4B | 71 |
| STLE Steele Bancorp Inc. | $43.05 | -0.67% | $80.01M | 69 |
| NASB NASB Financial, Inc. | $40.30 | +0.00% | $289.22M | 68 |
| CIBEY Commercial International Bank (Egypt) S.A.E | $2.63 | +3.54% | $8.68B | 67 |
| GBOOY Grupo Financiero Banorte, S.A.B. de C.V. | $54.16 | +0.39% | $30.47B | 67 |
| ASBA Associated Banc-Corp | $24.53 | +0.25% | $4.05B | 67 |
| LRBI Lake Ridge Bancorp Inc. | $143.25 | +0.00% | $281.73M | 67 |
| DNBBF DNB Bank ASA | $31.54 | +0.27% | $45.21B | 66 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are FNLC's Key Strengths?
- Strong local market presence in Maine.
- Experienced management team.
- Conservative lending practices.
- High dividend yield.
What Are FNLC's Weaknesses?
- Limited geographic diversification.
- Reliance on traditional banking products.
- Smaller scale compared to larger regional and national banks.
- Vulnerability to interest rate fluctuations.
What Could Drive FNLC Stock Higher?
- Expansion of digital banking services to attract younger customers and improve efficiency.
- Growth in commercial lending activities to support local businesses.
- Increasing wealth management services to generate additional fee income.
What Are the Key Risks for FNLC?
- Financial-distress signal — its Altman Z-Score of 0.26 sits in the distress zone (elevated bankruptcy risk).
- Interest rate hikes could negatively impact net interest margin.
- Economic downturn in Maine could increase loan defaults.
- Competition from larger banks and credit unions could erode market share.
- Cybersecurity breaches could damage reputation and result in financial losses.
What Are the Growth Opportunities for FNLC?
- Expansion of Wealth Management Services: The First Bancorp can capitalize on the growing demand for wealth management services in its operating regions. By expanding its offerings and attracting more clients, the company can generate additional fee income and diversify its revenue streams. The market for wealth management services is projected to grow as the population ages and accumulates more assets. Timeline: Ongoing.
- Increased Commercial Lending: The First Bancorp can focus on expanding its commercial lending activities, particularly to small and medium-sized businesses in Maine. By providing tailored financing solutions and building strong relationships with local businesses, the company can increase its loan portfolio and generate higher interest income. The demand for commercial loans is expected to grow as the economy recovers and businesses invest in expansion. Timeline: Ongoing.
- Digital Banking Initiatives: Investing in digital banking technologies can enhance customer experience, improve operational efficiency, and attract a younger demographic. By offering mobile banking, online account management, and other digital services, The First Bancorp can compete more effectively with larger banks and fintech companies. The adoption of digital banking is accelerating, and banks that fail to adapt risk losing market share. Timeline: Ongoing.
- Strategic Acquisitions: The First Bancorp could pursue strategic acquisitions of smaller banks or financial institutions in its operating region to expand its market presence and customer base. Acquisitions can provide access to new markets, products, and talent, and can generate synergies that improve profitability. However, acquisitions also involve integration risks and require careful due diligence. Timeline: Potential.
- Focus on Sustainable Lending Practices: By incorporating environmental, social, and governance (ESG) factors into its lending decisions, The First Bancorp can attract socially responsible investors and customers. Sustainable lending practices can also reduce risk and improve long-term financial performance. The demand for sustainable financial products is growing, and banks that embrace ESG principles can gain a competitive advantage. Timeline: Ongoing.
What Opportunities Does FNLC Have?
- Expansion of wealth management services.
- Increased commercial lending to local businesses.
- Adoption of digital banking technologies.
- Strategic acquisitions of smaller banks.
What Threats Does FNLC Face?
- Competition from larger banks and credit unions.
- Economic downturn in Maine.
- Regulatory changes and compliance costs.
- Cybersecurity risks.
What Are FNLC's Competitive Advantages?
- Strong local presence and brand recognition in Maine's Mid-Coast, Eastern, and Down East regions.
- Long-standing relationships with customers and communities.
- Conservative lending practices and risk management.
- Stable deposit base and funding sources.
What Does FNLC Do?
The First Bancorp, Inc., founded in 1864 and headquartered in Damariscotta, Maine, functions as the holding company for First National Bank. The bank provides a comprehensive suite of banking products and services tailored to individuals and businesses across the Mid-Coast, Eastern, and Down East regions of Maine. These offerings include a variety of deposit accounts such as demand, NOW, savings, money market, and certificates of deposit. Additionally, The First Bancorp provides commercial real estate loans, including mortgage loans for multi-family residential, commercial/retail, office, industrial, hotel, educational, and mixed-use properties. The company also offers commercial construction loans and other commercial loans to finance working capital or capital investments for businesses. Beyond lending and deposit services, The First Bancorp provides municipal loans for capital expenditures and construction projects, residential term loans, home equity loans, and consumer loans. The company also extends its services to private banking, financial planning, investment management, and trust services for individuals, businesses, non-profit organizations, and municipalities. Payment processing services are also part of their offerings. The First Bancorp operates 18 full-service banking offices across Lincoln, Knox, Waldo, Penobscot, Hancock, and Washington counties. Formerly known as First National Lincoln Corporation, the company rebranded as The First Bancorp, Inc. in April 2008, marking a strategic shift to better reflect its broader range of services and regional presence.
What Products and Services Does FNLC Offer?
- Offers a variety of deposit accounts, including checking, savings, and money market accounts.
- Provides commercial real estate loans for various property types.
- Offers commercial construction loans for owner- and non-owner occupied properties.
- Provides municipal loans for capital expenditures and construction projects.
- Offers residential term loans, including home mortgages and construction loans.
- Provides home equity loans and lines of credit.
- Offers consumer loans for automobiles, pleasure crafts, and recreational vehicles.
- Provides private banking, financial planning, investment management, and trust services.
How Does FNLC Make Money?
- Generates revenue through interest income from loans.
- Earns fees from deposit accounts and other banking services.
- Provides wealth management and trust services for fees.
- Manages risk through underwriting and diversification of loan portfolio.
What Industry Does FNLC Operate In?
The First Bancorp, Inc. operates within the competitive regional banking sector, which is characterized by both established players and increasing consolidation. The industry is influenced by factors such as interest rate fluctuations, regulatory changes, and economic conditions. Regional banks like The First Bancorp face competition from larger national banks and credit unions, but they often differentiate themselves through personalized service and local market expertise. The trend towards digital banking and increased regulatory scrutiny presents both challenges and opportunities for growth and efficiency.
Who Are FNLC's Key Customers?
- Individuals seeking personal banking services.
- Small and medium-sized businesses requiring commercial loans and banking solutions.
- Municipalities needing financing for capital projects.
- Non-profit organizations seeking financial services.
- High-net-worth individuals seeking private banking and wealth management services.
How The First Bancorp, Inc. Is Valued
The First Bancorp, Inc. carries a market capitalization of $399.56M, placing it in the small-cap category. Relative to its peer group, FNLC's quantitative score of 92/100 is above the peer average of 68/100.
Company Profile
The First Bancorp, Inc. operates in the Banks - Regional industry within the Financial Services sector. It is headquartered in Damariscotta, US. The company is led by CEO Tony C. McKim. FNLC has traded publicly since 1999.
ROE 13%Key Financial Metrics
Return on equity for The First Bancorp, Inc. stands at 13.1%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 1.1%, showing how much profit it generates from its asset base. FNLC trades at a trailing price-to-earnings ratio of 8.98, below the Financial Services sector average of ~18x. Its free cash flow yield is 14.3%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.43 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 9.4%, the inverse of the P/E and a quick read on earnings relative to price.
F-Score 7/9Financial Health
The First Bancorp, Inc.'s Piotroski F-Score is 7/9, a 9-point checklist of profitability, leverage and efficiency — signaling solid underlying fundamentals. Its Altman Z-Score of 0.26 places it in the distress zone, a signal of elevated financial risk.
FNLC Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in FNLC's growth potential, indicating that leadership believes in the company's future.
- Community sentiment has shifted positively, with discussions highlighting FNLC's strong local banking presence and customer loyalty.
- Analysts have noted FNLC's solid fundamentals, including a stable loan portfolio and effective risk management practices.
- Market perception has improved due to FNLC's proactive approach in adapting to changing economic conditions, positioning it well for future opportunities.
Bear Case
- Despite positive sentiment, some community members express concerns over FNLC's exposure to regional economic downturns, which could impact performance.
- There are worries about rising interest rates potentially affecting FNLC's profitability and lending practices, leading to cautious investor sentiment.
- Recent discussions have pointed to increased competition in the banking sector, which may pressure FNLC's market share and margins.
- Some analysts remain skeptical about FNLC's ability to scale operations effectively in a challenging environment, creating uncertainty among investors.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
FNLC Latest News
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FNLC Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for FNLC.
Price Targets
Wall Street price target analysis for FNLC.
FNLC MoonshotScore
What does this score mean?
The MoonshotScore rates FNLC's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Latest The First Bancorp, Inc. Analysis
Leadership: Tony C. McKim
President and Chief Executive Officer
Tony C. McKim serves as the President and Chief Executive Officer of The First Bancorp, Inc. His career within the banking sector spans several decades, providing him with extensive experience in financial management and strategic leadership. McKim has a deep understanding of the Maine market and the specific needs of its communities. His leadership is characterized by a focus on sustainable growth and maintaining strong relationships with customers and stakeholders.
Track Record: Under Tony McKim's leadership, The First Bancorp, Inc. has maintained a consistent track record of profitability and stability. He has overseen the expansion of the bank's services and its adaptation to the changing financial landscape. McKim has also emphasized community involvement and support, contributing to the bank's reputation as a trusted local institution.
What Investors Ask About The First Bancorp, Inc. (FNLC) — Financial Services
What does The First Bancorp, Inc. do?
The First Bancorp, Inc. operates as the holding company for First National Bank, a community bank providing financial services to individuals, businesses, and municipalities in Maine. The bank offers a range of deposit products, commercial and residential loans, and wealth management services. Its focus is on building long-term relationships with customers and supporting the economic growth of the communities it serves. The company operates 18 full-service banking offices across the Mid-Coast, Eastern, and Down East regions of Maine.
What do analysts say about FNLC stock?
Analyst coverage of The First Bancorp, Inc. (FNLC) is limited, typical for smaller regional banks. However, the stock's valuation metrics, such as its P/E ratio of 9.0 and dividend yield of 5.10%, suggest potential value. Growth considerations include the company's ability to expand its loan portfolio, manage credit risk, and adapt to changing interest rate environments. Investors should conduct their own due diligence and consider their individual risk tolerance before investing.
What are the main risks for FNLC?
The First Bancorp, Inc. faces several risks common to regional banks, including interest rate risk, credit risk, and regulatory risk. Rising interest rates could negatively impact the company's net interest margin and loan demand. An economic downturn in Maine could lead to increased loan defaults. The company is also subject to regulatory oversight and compliance costs, which could impact its profitability. Cybersecurity risks also pose a threat to the company's operations and reputation.
What is The First Bancorp, Inc.'s credit quality and risk management approach?
The First Bancorp, Inc. maintains a conservative approach to credit quality and risk management. The company's loan portfolio is diversified across various sectors, including commercial real estate, residential mortgages, and consumer loans. The bank has established underwriting standards and monitors its loan portfolio for potential credit risks. Provision levels are maintained to cover potential loan losses. The company's risk management framework is designed to identify, measure, and control risks across its operations.
What regulatory challenges does The First Bancorp, Inc. face?
As a regional bank holding company, The First Bancorp, Inc. is subject to regulatory oversight by the Federal Reserve and other regulatory agencies. The company must comply with various regulations related to capital requirements, lending practices, and consumer protection. Regulatory changes and compliance costs can impact the company's profitability and operations. The company's management team is responsible for ensuring compliance with all applicable laws and regulations.
What are the key factors to evaluate for FNLC?
The First Bancorp, Inc. (FNLC) holds an AI score of 92/100 (high). P/E: 9.0x vs the S&P 500's ~20-25x. Not financial advice.
How frequently does FNLC data refresh on this page?
FNLC prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven FNLC's recent stock price performance?
The First Bancorp, Inc. (FNLC) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Strong local market presence in Maine. See the News tab for the latest drivers. Past performance does not predict future results.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is based on available data as of 2026-05-10.
- Analyst opinions and market data may vary.