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First Bancorp Inc  (FNLC)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial

First Bancorp Inc's

Competitiveness


 

FNLC Sales vs. its Competitors Q2 2022



Comparing the results to its competitors, First Bancorp Inc reported Total Revenue increase in the 2 quarter 2022 by 11.03 % year on year, while most of its competitors have experienced contraction in revenues by -0.26 %, recorded in the same quarter.

List of FNLC Competitors

With net margin of 44.77 % company achieved higher profitability than its competitors.

More on FNLC Margin Comparisons



Revenue Growth Comparisons




Net Income Comparison


First Bancorp Inc Net Income in the 2 quarter 2022 grew year on year by 13.77 %, while most of its competitors have experienced contraction in net income by -26.34 %.

<<  More on FNLC Income Comparisons


First Bancorp Inc's Comment on Competitors and Industry Peers


We compete in our various market areas with, among others, several large interstate bank holding companies. These large competitors have substantially greater resources than our Company, including broader geographic markets, higher lending limits and the ability to make greater use of large-scale advertising and promotions. A significant number of interstate banking acquisitions have taken place in the past decade, thus further increasing the size and financial resources of some of our competitors, some of which are among the largest bank holding companies in the nation. In many of our markets, we also compete against smaller, local banks. With interest rates on investment securities at historic lows and banks of all sizes attempting to maximize yields on earning assets, the competition for high-quality loans has become intense. Accordingly, loan rates in our markets are under competitive pressure. The pricing competition for deposits has lessened, but at any given time in many of our markets, there are frequently smaller banks offering higher rates on deposits than we are willing to match. This has resulted in our bank losing the deposits of some price-sensitive customers, which has been primarily responsible for the declines in our time deposit accounts that are discussed below in Management’s Discussion and Analysis of Financial Condition and Results of Operation. Moore County, which as noted above comprises a disproportionate share of our deposits, is a particularly competitive market, with at least ten other financial institutions having a physical presence within the county.


We compete not only against banking organizations, but also against a wide range of financial service providers, including federally and state-chartered savings and loan institutions, credit unions, investment and brokerage firms and small-loan or consumer finance companies. One of the credit unions in our market area is among the largest in the nation. Competition among financial institutions of all types is virtually unlimited with respect to legal ability and authority to provide most financial services. We also experience competition from internet banks, particularly in the area of time deposits.



  

Overall company Market Share Q2 2022

Company's competitiveness improved within Overall company, with revenue growth of 11.03 % and its market share increased to approx. 0.01 %.
<<  More on FNLC Market Share.
 
*Market share is calculated based on total revenue.


FNLC's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)


COMPANY NAME MARKET CAP
(in millions of $)
REVENUES
(in millions of $)
INCOME
(in millions of $)
EMPLOYEES
First Bancorp Inc FNLC 302.66 90.00 38.00 783
Pultegroup Inc PHM 8,912 15,084.69 2,245.97 5,249
Fifth Third Bancorp FITB 22,206 7,773.00 2,423.00 20,168
Bank Of America Corporation BAC 246,526 90,742.00 28,018.00 210,250
Wells Fargo and Company WFC 153,624 76,833.00 16,642.00 262,100
Us Bancorp De USB 59,956 22,826.00 6,804.00 69,651
Citigroup inc C 81,594 73,452.00 19,762.00 200,000
The Bank Of New York Mellon Corporation BK 31,339 16,478.00 3,524.00 48,300
Pnc Financial Services Group Inc. PNC 61,860 20,132.00 5,725.00 51,918
Huntington Bancshares Incorporated HBAN 19,286 6,767.00 1,783.00 0
Lennar Corp LEN 21,929 29,937.18 4,434.74 9,495
Kb Home KBH 2,341 6,261.15 669.26 1,590
.Dr. Horton Inc. DHI 23,781 31,949.80 5,593.00 9,716
Northern Trust Corporation NTRS 17,872 6,806.20 1,587.60 19,800
Jpmorgan Chase and Co JPM 309,978 120,587.00 37,196.00 256,692
General Electric Company GE 68,022 74,485.00 -4,443.00 174,000
Regions Financial Corporation RF 18,866 6,616.00 4,934.00 19,786
Peoples United Financial Inc PBCT 8,258 1,941.00 604.90 6,499
First Horizon Corp FHN 13,040 3,093.00 838.00 0
Capital one financial corp COF 36,218 30,552.00 9,817.00 52,400
Slm Corp SLM 3,695 1,657.83 849.99 1,000
Zions Bancorporation National Association ZION 7,672 2,901.00 859.00 9,873
Acnb Corporation ACNB 262 93.65 27.08 296
Associated Banc corp ASB 3,016 1,201.39 375.86 4,383
Ameriserv Financial Inc ASRV 65 55.97 6.69 341
Ames National Corporation ATLO 202 66.19 21.56 208
Auburn National Bancorporation Inc. AUBN 81 28.53 7.63 157
Banc Of California Inc. BANC 992 332.42 126.15 1,679
Bancfirst Corporation BANF 2,985 485.49 157.54 1,744
Banner Corporation BANR 2,035 498.93 191.74 1,918
Bay Banks Of Virginia Inc BAYK 125 36.29 -4.30 134
Bbva Usa Bancshares Inc BBVA 0 3,258.47 761.08 10,553
Bar Harbor Bankshares BHB 400 140.13 40.41 205
Berkshire Hills Bancorp inc. BHLB 1,259 423.18 118.66 1,221
Bank Of South Carolina Corporation BKSC 93 20.52 6.27 81
Bank Of Marin Bancorp BMRC 478 130.14 36.53 259
Bryn Mawr Bank Corp BMTC 903 235.80 69.80 488
Bank Of Commerce Holdings BOCH 255 60.47 18.46 168
Bank Of Hawaii Corporation BOH 3,033 709.13 230.67 2,200
Bank Of The James Financial Group Inc. BOTJ 60 40.18 8.33 125
Boston private financial holdings inc BPFH 1,238 298.90 30.84 890
Sierra Bancorp BSRR 296 134.64 36.84 352
First Busey Corporation BUSE 1,237 500.53 114.13 795
Bankwell Financial Group Inc BWFG 224 67.04 15.27 123
Camden National Corp CAC 626 185.17 62.95 652
Cathay General Bancorp CATY 2,895 689.30 313.60 1,122
Colony Bankcorp Inc. CBAN 229 113.02 18.48 321
Cb Financial Services Inc. CBFV 112 52.04 12.11 198
Consumers Bancorp Inc CBKM 62 36.75 11.19 111
Capital Bancorp Inc CBNK 331 168.26 43.07 112
Community Bank System Inc. CBU 3,276 636.22 175.76 2,207
Capital City Bank Group Inc. CCBG 528 205.84 36.80 894
Cnb Financial Corp CCNE 398 199.95 60.22 454
C and F Financial Corporation CFFI 189 119.07 26.39 598
City Holding Company CHCO 1,322 231.67 90.14 853
Tcf Financial Corporation TCF 6,892 2,153.68 301.33 0
Chemung Financial Corp CHMG 196 93.24 27.99 377
Civista Bancshares Inc. CIVB 302 120.77 36.79 326
Citizens Holding Company CIZN 86 44.44 8.27 236
Cortland Bancorp Inc CLDB 117 31.63 9.72 148
Community Bancorp CMTV 101 37.22 12.49 127
Century Bancorp Inc CNBKA 642 135.08 44.93 374
Cincinnati Bancorp Inc. CNNB 41 14.20 0.66 29
Columbia Banking System Inc. COLB 2,257 663.70 212.26 1,868
Central Pacific Financial Corp CPF 573 274.14 80.17 876
Centerstate Bank Corporation CSFL 2,274 763.01 217.39 784
Choiceone Financial Services Inc. COFS 163 80.19 21.90 151
Community Trust Bancorp Inc CTBI 724 221.16 80.39 984
Customers Bancorp Inc. CUBI 992 752.76 352.12 517
Cvb Financial Corp. CVBF 3,560 487.18 202.07 100
Central Valley Community Bancorp CVCY 165 77.06 23.02 282
Community West Bancshares CWBC 124 47.72 13.12 107
Citizens Financial Services Inc. CZFS 279 76.45 27.65 229
Citizens and Northern Corporation CZNC 377 100.72 29.09 283
Meridian Bancorp Inc EBSB 1,228 202.75 75.88 396
Enterprise Bancorp inc. EBTC 363 156.18 39.13 426
Enterprise Financial Services Corp EFSC 1,636 470.60 157.57 459
Eagle Financial Services Inc. EFSI 129 56.38 12.40 108
Eagle Bancorp inc. EGBN 1,436 368.77 146.67 434
Emclaire Financial Corp EMCF 97 36.01 10.74 122
Essa Bancorp Inc. ESSA 192 65.21 18.17 248
Community bankers trust corp ESXB 260 10.04 21.95 236
Evans Bancorp Inc. EVBN 203 95.79 25.13 258
First Community Bankshares Inc FCBC 534 138.83 43.89 673
First Community Corporation FCCO 134 59.18 15.29 186
First Commonwealth Financial Corp FCF 1,210 370.69 122.19 1,210
First Financial Bancorp FFBC 1,991 651.50 199.78 1,471
Flushing Financial Corporation FFIC 599 266.72 86.75 427
First Financial Northwest Inc. FFNW 135 49.83 12.01 107
First Foundation inc. FFWM 1,025 347.94 125.25 295
Financial Institutions Inc. FISI 372 205.59 67.42 691
The First Of Long Island Corporation FLIC 398 124.15 45.00 302
First Mid Bancshares Inc. FMBH 660 244.54 69.53 513
Farmers National Banc Corp. FMNB 444 159.42 53.51 432
Ameris Bancorp ABCB 3,099 1,007.25 335.39 1,304
First Northern Community Bancorp FNRN 115 56.32 14.29 212
First Northwest Bancorp FNWB 148 76.53 13.05 157
Republic First Bancorp Inc FRBK 185 150.44 23.20 277
First Merchants Corp FRME 2,294 528.70 188.08 1,529
Five Star Bancorp FSBC 487 90.92 42.15 0
Fs Bancorp inc. FSBW 220 117.39 30.55 239
First United Corporation FUNC 110 75.61 23.08 364
German American Bancorp Inc. GABC 1,047 234.91 73.57 596
Greene County Bancorp Inc GCBC 487 66.86 27.99 124
Guaranty Federal Bancshares Inc GFED 138 47.54 10.64 138
Glen Burnie Bancorp GLBZ 38 13.37 1.98 93
Hanmi Financial Corporation HAFC 720 272.07 105.64 609
Home Bancorp Inc. HBCP 320 121.75 38.16 143
Howard Bancorp Inc HBMD 436 85.35 24.49 253
Horizon Bancorp Inc. HBNC 783 255.27 92.92 558
Heritage Financial Corp HFWA 937 242.87 78.33 717
Homestreet Inc. HMST 543 330.66 94.27 2,139
Heritage Commerce Corp HTBK 700 168.04 55.37 260
Heartland Financial Usa Inc. HTLF 1,848 694.80 200.47 1,799
Hawthorn Bancshares Inc. HWBK 149 77.31 22.88 313
Independent Bank Corporation IBCP 407 205.42 59.44 1,051
Independent Bank Group Inc. IBTX 2,572 590.63 209.63 587
Investar Holding Corporation ISTR 203 81.79 16.46 168
Keycorp KEY 14,928 7,205.00 2,255.00 16,744
Kentucky Bancshares Inc KTYB 231 52.02 13.40 243
Landmark Bancorp Inc. LARK 127 54.21 13.83 291
Lakeland Bancorp Inc LBAI 1,059 286.61 89.51 551
Lcnb Corp. LCNB 180 73.08 20.59 280
Lionheart Iii Corp LION 130 274.26 4.76 1,242
Lakeland Financial Corporation LKFN 1,871 224.59 97.72 518
Live Oak Bancshares Inc. LOB 1,375 517.98 195.53 327
Macatawa Bank Corp MCBC 320 78.51 25.99 342
Middlefield Banc Corp. MBC 0 54.32 17.96 0
Mercantile Bank Corporation MBWM 471 174.99 49.92 558
Malvern Bancorp Inc. MLVF 109 19.95 -1.82 71
Midwestone Financial Group Inc. MOFG 431 197.80 57.08 648
Mid Penn Bancorp Inc. MPB 457 145.34 34.00 229
M and t Bank Corporation MTB 31,434 6,199.68 1,441.96 17,316
Mvb Financial Corp MVBF 359 148.35 27.72 371
National Bankshares Inc NKSH 203 52.03 21.46 225
Norwood Financial Corp NWFL 217 74.66 27.60 136
Finward Bancorp FNWD 145 71.13 13.28 0
Optimumbank Holdings Inc. OPHC 24 13.17 7.30 17
Old Point Financial Corp OPOF 141 52.40 7.51 296
Oritani Financial Corp ORIT 828 104.20 50.96 209
Orrstown Financial Services Inc. ORRF 256 115.98 31.14 294
Old Second Bancorp Inc OSBC 384 137.77 39.01 450
Ottawa Bancorp Inc OTTW 40 10.89 1.62 42
Ohio Valley Banc Corp OVBC 135 52.38 11.46 248
Oak Valley Bancorp OVLY 146 54.82 14.65 167
Pathfinder Bancorp Inc. PBHC 123 45.59 13.58 118
Prudential Bancorp Inc PBIP 124 30.41 11.59 67
Peoples Bancorp Of North Carolina Inc. PEBK 140 60.46 13.17 284
Peoples Bancorp Inc. PEBO 812 259.91 70.45 817
Premier Financial Bancorp Inc PFBI 263 74.24 23.29 344
Peoples Financial Corp PFBX 72 27.45 5.40 161
Peoples Financial Services Corp. PFIS 338 112.55 44.49 348
Peapack gladstone Financial Corporation PGC 627 215.73 62.57 316
Parke Bancorp Inc. PKBK 255 78.01 41.45 65
Pacific Mercantile Bancorp PMBC 225 60.31 16.07 156
Patriot National Bancorp Inc PNBK 44 32.71 5.28 95
Pacific Premier Bancorp Inc PPBI 2,911 813.32 311.63 332
Penns Woods Bancorp inc PWOD 162 62.69 16.67 308
Qcr Holdings inc. QCRH 894 288.87 97.44 406
Quaint Oak Bancorp Inc QNTO 50 37.29 9.96 52
Republic Bancorp inc. RBCAA 763 309.62 88.64 785
Sandy Spring Bancorp Inc. SASR 1,597 662.52 201.12 737
Sb One Bancorp SBBX 173 71.36 21.85 119
Seacoast Banking Corporation Of Florida SBCF 1,872 354.37 107.70 665
Southside Bancshares Inc. SBSI 1,137 251.02 108.39 683
Servisfirst Bancshares Inc. SFBS 4,358 423.12 226.00 371
Southern First Bancshares Inc. SFST 336 113.16 41.23 167
Shore Bancshares Inc SHBI 342 103.83 20.45 283
Select Bancorp inc SLCT 326 67.13 18.33 153
Southern Missouri Bancorp inc. SMBC 462 123.28 47.17 289
Summit Financial Group Inc. SMMF 345 130.86 48.53 231
Primis Financial Corp. FRST 304 102.15 21.19 0
1st Source Corp SRCE 1,143 339.61 116.95 1,150
State Street Corp STT 21,770 11,889.00 2,137.00 39,117
Stock Yards Bancorp Inc. SYBT 1,996 276.12 82.60 555
The Bancorp Inc. TBBK 1,261 315.06 114.62 762
Trico Bancshares TCBK 1,506 344.13 107.38 1,011
The Community Financial Corporation TCFC 194 73.22 26.28 171
First Financial Corporation THFF 553 198.60 60.03 896
Tompkins Financial Corp TMP 1,045 304.02 85.08 998
Trustco Bank Corp Ny TRST 602 188.75 67.96 787
Tristate Capital Holdings Inc TSC 1,179 253.25 83.50 192
United Bancorp inc UBCP 92 29.63 9.41 111
United Security Bancshares UBFO 111 33.18 7.40 129
Unity Bancorp Inc UNTY 269 91.96 37.76 150
Univest Financial Corporation UVSP 687 269.12 71.81 717
Virginia National Bankshares Corp VABK 173 63.95 19.03 94
Village Bank and Trust Financial Corp. VBFC 71 34.20 9.25 157
Veritex Holdings inc. VBTX 1,459 358.63 141.44 145
Wellesley Bancorp Inc WEBK 88 30.15 6.24 63
West Bancorporation Inc. WTBA 351 109.07 50.47 174
Wvs Financial Corp WVFC 25 5.28 1.20 27
Popular Inc. BPOP 5,491 2,765.25 875.87 7,810
Citizens Financial Group Inc CFG 16,950 6,862.00 1,730.00 18,000
The First Bancshares Inc. FBMS 619 200.03 64.51 295
Qnb Corp. QNBC 96 49.32 14.63 172
Merchants Bancorp MBIN 1,000 421.36 217.78 329
SUBTOTAL 1,431,168.67 721,129.35 170,386.25 1,619,713
       
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