The First Bancorp, Inc. (FNLC) Financial Ratios
30 years of historical data (1996–2025) · Financial Services · Banks - Regional
EV/EBITDA
↑
12.60
↑+32% vs avg
5yr avg: 9.56
30Y Low8.3·High26.3
P/FCF
↑
11.57
↑+29% vs avg
5yr avg: 8.98
30Y Low5.3·High19.2
P/B Ratio
↓
1.41
+10% vs avg
5yr avg: 1.28
30Y Low1.0·High2.6
ROE
↓
12.8%
-6% vs avg
5yr avg: 13.6%
30Y Low8%·High17%
Debt/EBITDA
↑
4.25
↑+38% vs avg
5yr avg: 3.07
30Y Low1.8·High18.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
FNLC Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
The First Bancorp, Inc. trades at 11.6x earnings, 19% above its 5-year average of 9.7x, sitting at the 37th percentile of its historical range. Compared to the Financial Services sector median P/E of 14.2x, the stock trades at a discount of 18%. On a free-cash-flow basis, the stock trades at 11.6x P/FCF, 29% above the 5-year average of 9.0x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $400M | $296M | $305M | $313M | $330M | $345M | $278M | $329M | $285M | $295M | $359M |
| Enterprise Value | $556M | $452M | $401M | $347M | $407M | $394M | $457M | $488M | $464M | $503M | $620M |
| P/E Ratio → | 11.57 | 8.61 | 11.26 | 10.61 | 8.48 | 9.52 | 10.24 | 12.92 | 12.12 | 15.04 | 19.94 |
| P/S Ratio | 2.25 | 1.67 | 1.84 | 2.18 | 3.00 | 3.58 | 2.92 | 3.55 | 3.43 | 4.02 | 5.42 |
| P/B Ratio | 1.41 | 1.05 | 1.21 | 1.29 | 1.44 | 1.40 | 1.24 | 1.55 | 1.49 | 1.63 | 2.08 |
| P/FCF | 11.57 | 8.57 | 12.40 | 9.12 | 8.30 | 6.52 | 13.78 | 13.45 | 8.82 | 14.93 | 18.84 |
| P/OCF | 10.59 | 7.84 | 11.70 | 8.47 | 8.01 | 6.09 | 12.23 | 12.63 | 8.43 | 13.23 | 16.95 |
P/E links to full P/E history page with 30-year chart
FNLC EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
The First Bancorp, Inc.'s enterprise value stands at 12.6x EBITDA, 32% above its 5-year average of 9.6x. The Financial Services sector median is 11.2x, placing the stock at a 12% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.55 | 2.43 | 2.42 | 3.71 | 4.08 | 4.80 | 5.26 | 5.59 | 6.86 | 9.36 |
| EV / EBITDA | 12.60 | 10.25 | 11.53 | 9.18 | 8.25 | 8.57 | 13.27 | 15.17 | 15.67 | 17.94 | 23.67 |
| EV / EBIT | 13.27 | 10.79 | 12.31 | 9.72 | 8.60 | 8.97 | 14.18 | 16.14 | 16.68 | 19.21 | 25.36 |
| EV / FCF | — | 13.08 | 16.33 | 10.12 | 10.23 | 7.44 | 22.69 | 19.95 | 14.35 | 25.50 | 32.55 |
FNLC Profitability
Margins and return-on-capital ratios measuring operating efficiency
The First Bancorp, Inc. earns an operating margin of 23.6%, above the Financial Services sector average of 20.0%. Operating margins have compressed from 24.9% to 23.6% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 12.8% is modest. ROIC of 7.2% represents adequate returns on invested capital versus a sector median of 5.3%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 52.3% | 52.3% | 48.2% | 55.3% | 83.1% | 89.2% | 75.5% | 70.5% | 73.7% | 78.8% | 81.3% |
| Operating Margin | 23.6% | 23.6% | 19.7% | 24.9% | 43.1% | 45.5% | 33.9% | 32.6% | 33.5% | 35.7% | 36.9% |
| Net Profit Margin | 19.4% | 19.4% | 16.3% | 20.6% | 35.5% | 37.6% | 28.5% | 27.5% | 28.3% | 26.7% | 27.2% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 12.8% | 12.8% | 10.9% | 12.5% | 16.4% | 15.5% | 12.4% | 12.6% | 12.6% | 11.1% | 10.6% |
| ROA | 1.1% | 1.1% | 0.9% | 1.0% | 1.5% | 1.5% | 1.2% | 1.3% | 1.2% | 1.1% | 1.1% |
| ROIC | 7.2% | 7.2% | 6.9% | 8.3% | 9.9% | 7.6% | 5.5% | 5.7% | 5.1% | 4.6% | 3.8% |
| ROCE | 10.6% | 10.6% | 9.9% | 13.4% | 16.4% | 13.9% | 11.7% | 11.7% | 9.5% | 8.4% | 8.0% |
FNLC Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
The First Bancorp, Inc. carries a Debt/EBITDA ratio of 4.3x, which is highly leveraged (roughly in line with the sector average of 4.2x). Net debt stands at $156M ($188M total debt minus $32M cash). Interest coverage of just 0.5x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.66 | 0.66 | 0.58 | 0.29 | 0.45 | 0.56 | 1.17 | 0.87 | 1.10 | 1.26 | 1.62 |
| Debt / EBITDA | 4.25 | 4.25 | 4.20 | 1.84 | 2.10 | 2.97 | 7.60 | 5.74 | 7.10 | 8.15 | 10.64 |
| Net Debt / Equity | — | 0.55 | 0.38 | 0.14 | 0.34 | 0.20 | 0.80 | 0.75 | 0.94 | 1.15 | 1.51 |
| Net Debt / EBITDA | 3.53 | 3.53 | 2.77 | 0.91 | 1.56 | 1.07 | 5.21 | 4.94 | 6.04 | 7.44 | 9.97 |
| Debt / FCF | — | 4.51 | 3.93 | 1.00 | 1.94 | 0.93 | 8.91 | 6.50 | 5.54 | 10.57 | 13.71 |
| Interest Coverage | 0.51 | 0.51 | 0.38 | 0.57 | 2.81 | 4.07 | 1.87 | 1.16 | 1.37 | 1.94 | 2.26 |
FNLC Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.11x is below 1.0, meaning current liabilities exceed current assets.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.11 | 0.11 | 0.12 | 0.12 | 0.13 | 0.19 | 0.20 | 0.22 | 0.21 | 0.21 | 0.23 |
| Quick Ratio | 0.11 | 0.11 | 0.12 | 0.12 | 0.13 | 0.19 | 0.20 | 0.22 | 0.21 | 0.21 | 0.23 |
| Cash Ratio | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0.04 | 0.04 | 0.01 | 0.02 | 0.01 | 0.01 |
| Asset Turnover | — | 0.06 | 0.05 | 0.05 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
FNLC Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
The First Bancorp, Inc. returns 4.2% to shareholders annually — split between a 4.1% dividend yield and 0.1% buyback yield. A payout ratio of 47.5% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 8.6% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 4.1% | 5.5% | 5.2% | 4.9% | 4.5% | 4.0% | 4.8% | 3.9% | 4.2% | 3.9% | 2.7% |
| Payout Ratio | 47.5% | 47.5% | 58.4% | 52.2% | 37.9% | 38.5% | 49.1% | 50.8% | 51.2% | 58.5% | 54.5% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 8.6% | 11.6% | 8.9% | 9.4% | 11.8% | 10.5% | 9.8% | 7.7% | 8.3% | 6.6% | 5.0% |
| FCF Yield | 8.6% | 11.7% | 8.1% | 11.0% | 12.1% | 15.3% | 7.3% | 7.4% | 11.3% | 6.7% | 5.3% |
| Buyback Yield | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.0% |
| Total Shareholder Yield | 4.2% | 5.6% | 5.3% | 5.0% | 4.6% | 4.1% | 4.9% | 4.0% | 4.3% | 3.9% | 2.8% |
| Shares Outstanding | — | $11M | $11M | $11M | $11M | $11M | $11M | $11M | $11M | $11M | $11M |
Peer Comparison
Compare FNLC with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 FNLCYou | $400M | 11.6 | 12.6 | 11.6 | 52.3% | 23.6% | 12.8% | 7.2% | 4.3 |
 NBTB | $3B | 14.9 | 11.3 | 11.8 | 72.1% | 25.3% | 9.9% | 7.9% | 1.4 |
 CNOB | $2B | 22.5 | 21.7 | 16.5 | 44.2% | 18.6% | 5.7% | 3.5% | 9.2 |
 FUNC | $293M | 12.0 | 7.7 | 19.0 | 70.2% | 27.3% | 12.8% | 7.1% | 3.2 |
 NECB | $384M | 8.5 | 6.0 | 7.6 | 66.1% | 39.6% | 13.3% | 12.5% | 1.2 |
 MNSB | $179M | 14.3 | 9.2 | 16.8 | 54.4% | 14.0% | 7.3% | 5.0% | 2.9 |
 CFFI | $280M | 10.4 | 8.6 | 12.7 | 69.5% | 17.8% | 11.0% | 6.8% | 3.1 |
 CZWI | $227M | 16.1 | 18.0 | 21.9 | 54.7% | 7.0% | 7.9% | 2.0% | 5.8 |
 BWFG | $477M | 13.4 | 8.2 | 17.6 | 51.6% | 23.3% | 12.3% | 8.0% | 3.4 |
 FIS | $20B | 51.4 | 6.4 | 7.1 | 36.9% | 16.5% | 2.6% | 6.0% | 1.1 |
 FISI | $766M | 10.8 | 10.0 | 57.8 | 61.7% | 24.2% | 12.5% | 7.7% | 3.4 |
| Financial Services Median | — | 14.2 | 11.2 | 11.4 | 64.0% | 20.0% | 8.9% | 5.3% | 4.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 30 years · Updated daily
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FNLC — Frequently Asked Questions
Quick answers to the most common questions about buying FNLC stock.
What is The First Bancorp, Inc.'s P/E ratio?
The First Bancorp, Inc.'s current P/E ratio is 11.6x. The historical average is 12.5x. This places it at the 37th percentile of its historical range.
What is The First Bancorp, Inc.'s EV/EBITDA?
The First Bancorp, Inc.'s current EV/EBITDA is 12.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 18.6x.
What is The First Bancorp, Inc.'s ROE?
The First Bancorp, Inc.'s return on equity (ROE) is 12.8%. The historical average is 12.8%.
Is FNLC stock overvalued?
Based on historical data, The First Bancorp, Inc. is trading at a P/E of 11.6x. This is at the 37th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is The First Bancorp, Inc.'s dividend yield?
The First Bancorp, Inc.'s current dividend yield is 4.11% with a payout ratio of 47.5%.
What are The First Bancorp, Inc.'s profit margins?
The First Bancorp, Inc. has 52.3% gross margin and 23.6% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does The First Bancorp, Inc. have?
The First Bancorp, Inc.'s Debt/EBITDA ratio is 4.3x, indicating high leverage. A ratio above 4x may signal elevated financial risk.