CSIMarket
 
First Bancorp Inc  (FNLC)
    Sector  Financial    Industry Commercial Banks
   Industry Commercial Banks
   Sector  Financial
 

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

Declining Revenue per Employee and Lagging Behind Peers Pose Threat to First Bancorp*s Competitiveness and Market Share


Published May 11 2023 / Modified May 11 2023
CSIMarket Team / CSIMarket.com


NYCSkylineBy_FASTILY_(Own_Work)_[CC-BY-SA-3.0_(http_creativecommons.org_licenses_by-sa_3.0)]_via_Wikimedia_Commons.jpgFirst 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 cost them valuable market share.

Moreover, the company's overall ranking has deteriorated compared to the fourth quarter of 2022, from 1292 to 2637.
This signifies that the company is facing significant obstacles in terms of growth and performance.

The fiscal period ending March 31, 2023, was also hard on First Bancorp Inc, with the company's income falling by -18.18% of $0.72 per share, compared to $0.88 a year ago.
Profits also fell by -13.25% from $0.83 per share from the prior reporting season.
The revenue decreased by -8.517% to $20.49 million from $22.40 million in the similar reporting season a year ago.
Sequentially, revenue deteriorated by -10.432% from $22.88 million.
Net profits of $7.971 million in the fiscal period ending March 31, 2023, fell by -17.87% from $9.705 million in the corresponding period a year before.

Looking further, the fiscal period ending March 31, 2023, highlighted how First Bancorp Inc's profitability and operating margins mitigated to 47.06%, and net margin shrank to 38.89%. Operating earnings fell -17.94% to $9.644 million, squeezing First Bancorp Inc's operating margin to 47.06%, from 52.46% in the first quarter of 2022.
This downward trend could severely impact the company's financial stability, and its future prospects could be placed in jeopardy.

In conclusion, investors looking to profit from First Bancorp Inc's stocks should think twice.
With the company's poor financial performance, declining revenue, and profitability metrics, there is substantial bearish sentiment towards the stock.
It is safe to assume that the company will continue to face significant headwinds and that investors may want to avoid such an investment.



First Bancorp Inc's Price to sales ratio PS

First Bancorp Inc's Net Income Growth



Help

About us

Advertise

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2024 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com