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


 

First Bancorp Inc

FNLC's Financial Statements and Analysis



First Bancorp Inc reported in the forth quarter of 2023 net earnings per share of $0.60 a decrease by -28.1 % year on year from $0.83 and decline of -10.93 % from $0.67 earned in III. Quarter (Sep 30 2023).


forth quarter of 2023
Earnings Per Share Revenues
$ 0.6 $  19 Mill
$-0.23     -28.1 % $-4M     -15.75 %



First Bancorp Inc's Revenue fell by -15.75 % in forth quarter of 2023 (Dec 31 2023) year on year, to $19 million and declined by -3.83 % sequentially.


First Bancorp Inc is

More on FNLC's Income Statement



First Bancorp Inc's net income of $6.679 million in the forth quarter of 2023 decreased by -27.38 % from net earnings of $9.197 million achieved in IV. Quarter a year ago.

Sequentially net earnings fell by -10.64 % from net income of $7.474 million realized in previous quarter.

More on FNLC's Growth

First Bancorp Inc Inventories
FNLC's Cash flow In the forth quarter of 2023 company's net cash flow was $2 million, capital expenditures fell by -0.23959.83%, to $0 millions compare to same quarter a year ago

More on FNLC's Cash flow Statement


First Bancorp Inc payed out dividend of $1.39 per share in last 52 weeks representing 52.26 % of net earning per share in trailing twelve-month period.

During the same period First Bancorp Inc earned $ 3.33 cash per share, on a free-cash flow basis 125.07 % of net earning per share.

Book value grew by 7.80 % sequentially to $21.90 per share, 46.7% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 19.14 per share from $ 17.57.

Company repurchased 0.06 million shares or 0.52 % in Dec 31 2023.
Interest Coverage Ratio was 1.57. Debt Coverage Ratio was 1.12.

More on FNLC's Dividends

 Market Capitalization (Millions) 252
 Shares Outstanding (Millions) 11
 Total Debt (Millions $) 70
 Revenue (TTM) (Millions $) 79
 Net Income (TTM) (Millions $) 30
 Cash Flow (TTM) (Millions $) 9
 Capital Exp. (TTM) (Millions $) -3
 Dividend TTM ($) 1.39 $
 Dividend Yield TTM (%) 6.16 %
 Employees (TTM) $ 783




First Bancorp Inc payed out dividend of $1.39 per share in the last 52 weeks representing 52.26 % of net earning per share in trailing twelve-month period.

During the same period First Bancorp Inc had $ 3.33 cash flow per share, on a free-cash flow basis 125.07 % of net earning per share.

Book value grew by 7.80 % sequentially to $21.90 per share, 46.7% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 19.14 per share from $ 17.57.

Company repurchased 0.06 million shares or 0.52 % in Dec 31 2023.
Interest Coverage Ratio was 1.57. Debt Coverage Ratio was 1.12.

More on FNLC's Balance Sheets

 Market Capitalization (Millions) 252
 Shares Outstanding (Millions) 11
 Total Debt (Millions $) 70
 Revenue (TTM) (Millions $) 79
 Net Income (TTM) (Millions $) 30
 Cash Flow (TTM) (Millions $) 9
 Capital Exp. (TTM) (Millions $) -3
 Dividend TTM ($) 1.39 $
 Dividend Yield TTM (%) 6.16 %
 Employees (TTM) $ 783
   


  News about First Bancorp Inc Earnings

2. First Bancorp Inc Faces Challenges as EPS Declines due to Weak Sales in Financial Fourth Quarter of 2023



First Bancorp Inc, the parent company of First National Bank, shared its financial results for the fourth quarter of 2023, revealing a decline in both top-line and bottom-line figures. The company reported a decrease in earnings per share (EPS) by -28.1% and a decline in revenue by -15.751% compared to the previous year. Despite these challenges, First Bancorp Inc remains dedicated to providing value to its shareholders, as evident in its recent declaration of a quarterly cash dividend.
Financial Performance for Q4 2023:
In the financial fourth quarter of 2023, First Bancorp Inc experienced a drop in EPS from $0.83 to $0.60, reflecting a -28.1% decline. Additionally, revenue decreased from ...

First Bancorp Inc Faces Significant EPS Decline Amidst Financial Span Closure in September 2023

First Bancorp Inc Overcomes Headwinds and Shows Resilience in the Face of Challenges
In the face of recent challenges, First Bancorp Inc has proven itself to be a resilient company with the ability to adapt and overcome. The company's latest financial results for the period ending September 30, 2023, may have shown a drop in earnings per share and revenue, but the overall performance of First Bancorp Inc stock has remained strong.
During the third quarter of 2023, First Bancorp Inc recorded a decline in revenue by -15.347% compared to the previous year. However, it is important to note that this decline was in contrast to the remainder of the Commercial Banks sector, which experienced an 8.34% drop i...

Second Quarter 2023 Shakes First Bancorp Inc with Unprecedented 26% EPS Dip Following Weak Sales, Sending Ripples Across FNLC

First Bancorp Inc, a financial services company, recently announced its second-quarter earnings f...

First Bancorp's Financial Stability at Risk as Earnings per Share Plummet by 18% in Fiscal Period

First Bancorp Inc is facing a challenging situation that is posing a threat to its financial stability. According to recent reports, the company's revenue per employee has fallen on a trailing twelve-month basis to $114,153, which is lower than the company's average number of $80,479. This indicates that the company is failing to generate sufficient revenue from its workforce.
With a total of 783 employees, First Bancorp Inc has lagged behind its peers within the Financial sector, where employees of 567 other companies have achieved higher revenue per employee. This limits the company's competitive edge and, in the long run, could ...


Date modified: 2024-03-10T17:25:14+00:00





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