Start here if you're new
what it is
It is a small Maine bank that takes deposits, makes loans, and sells wealth services through 18 branches.
how it gets paid
Last year The First Bancorp made $160M in revenue.
why it's growing
Revenue grew 293.5% last year. $0.91 mattered because it showed quarterly earnings bounced 38% vs. prior year.
what just happened
Latest quarter revenue reached $41M and EPS rose to $0.91, up 38% vs. prior year.
At a glance
B+ balance sheet — decent shape, but not bulletproof
80/100 earnings predictability — you can trust these numbers
9.6x trailing p/e — the market's not buying it — or you found a deal
5.4% dividend yield — cash in your pocket every quarter
$2.43 fy2024 eps est
xvary composite: 66/100 — average
What they do
It is a small Maine bank that takes deposits, makes loans, and sells wealth services through 18 branches.
This is a local bank, and local still matters. FNLC runs 18 full-service offices across coastal and eastern Maine, with 284 employees serving individuals, businesses, nonprofits, and municipalities. Deposit accounts → customer funding base → so what: your money tends to stay close to home, which helps a community bank defend relationships larger banks treat like spreadsheet cells.
How they make money
$160M
annual revenue · their business grew +293.5% last year
total revenue
$160M
+293.5%
The products that matter
full-service community banking
First National Bank
$3.14B in assets
it holds $3.14B in assets, and that is effectively the entire business. You are not buying a platform of side hustles here — just a local bank.
entire franchise
core lending spread
Net interest income
$120M · 75% of mix
this line is shown at $120M versus $40M for non-interest income. In plain English: the spread between loan yields and funding costs still drives results.
profit engine
quarterly cash return
Dividend
5.4% yield · 51.35% payout
a 5.4% yield with a 51.35% payout ratio says the dividend is covered by current earnings. The catch is simple: if earnings slip, coverage gets tighter fast.
income case
Key numbers
$2.43
fy2024 eps est
$6M
fy2024 rev est
9.6x
trailing p/e
5.4%
dividend yield
Financial health
B+
strength
- balance sheet grade B+ — solid but not elite
- risk rank 2 — safer than 80% of stocks
- price stability 80 / 100
- long-term debt $95M (24% of capital)
B+ — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for FNLC right now.
source: institutional data · return history unavailable
What just happened
beat estimates
Latest quarter revenue reached $41M and EPS rose to $0.91, up 38% vs. prior year.
That is the contrast. Quarterly EPS improved to $0.91, while full-year EPS still fell to $2.43 in 2024 from $2.66 in 2023 and $3.53 in 2022. Quiet part out loud: one good quarter does not erase a two-year earnings slide.
$41M
revenue
$0.91
eps
+38%
eps growth
the number that mattered
$0.91 mattered because it showed quarterly earnings bounced 38% vs. prior year, which is exactly what you need after a two-year annual EPS decline.
source: company earnings report, 2026
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What could go wrong
the #1 risk is net interest margin compression at a single-state Maine bank.
high
net interest margin compression
Management explicitly called out pressure from prior Fed rate hikes. For FNLC, that is not background noise. Net interest income is shown as $120M and makes up 75% of the reported mix.
If that spread stays tight, it directly pressures the earnings engine that produced $10.2M in Q4 2025.
med
geographic concentration in Maine
FNLC's $3.14B asset base is tied to one state and a narrow local economy. That focus helps relationship banking. It also means there is nowhere to hide if regional credit quality weakens.
A local slowdown would hit both loan demand and loan performance at the same time.
med
leadership transition risk
Executive management changes were announced in february 2025. At a community bank, personnel changes can affect lending discipline, deposit gathering, and local relationships faster than investors expect.
You are trusting a small management bench with a $3.14B balance sheet.
low
limited visible upside in the current street view
One visible analyst target is $21.96, which sits below the current $27.17 stock price. That does not decide the stock. It does tell you this is not a consensus growth darling.
If earnings flatten, investors may keep treating FNLC like a yield vehicle instead of giving it a higher multiple.
The combined risk picture is straightforward: margin pressure threatens the core profit stream, and that same profit stream supports a 5.4% dividend yield.
source: institutional data · regulatory filings · risk analysis
Pay attention to
calendar
q1 2026 earnings report
Estimated for wednesday, april 22, 2026, after market close. For this stock, the margin commentary may matter more than the headline EPS number.
metric
net interest margin direction
Q4 profit improved, but management still flagged margin pressure. If that eases, the income case gets sturdier.
risk
capital ratio update
The total risk-based capital ratio was 13.99%. You want that cushion intact if credit conditions get worse.
trend
post-transition operating consistency
Management changes were announced in february 2025. Watch whether loan growth, deposit stability, and credit quality stay boring. Boring is good here.
Analyst rankings
earnings predictability
80 / 100
this bank tends to post steady results. in human-speak, analysts see a business that is easier to model than most small caps.
risk rank
2
risk rank: 2. That means safer than roughly 80% of stocks in the coverage universe, which fits the income-stock profile.
source: institutional data
Institutional activity
institutional ownership data for FNLC is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$27
current price
n/a
target midpoint · n/a from current
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