First Bancorp Inc (OQ:FNLC)
Business Focus: Commercial Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 223 Main Street DAMARISCOTTA ME 04543 |
| Tel: | N/A |
| Website: | https://investors.thefirst.com |
| IR: | See website |
| Key People | ||
| Tony C. Mckim President, Chief Executive Officer, Director of the Company and The First Bank | Richard M. Elder Treasurer of the Company, Executive Vice President and Chief Financial Officer of the Company and the Bank | Jonathan W. Nicholson Executive Vice President, Chief Lending Officer of the Bank |
| Peter C. Nicholson Executive Vice President, Chief Fiduciary Officer of the Bank | Susan A. Norton Clerk of the Company, Executive Vice President and Chief Administrative Officer of the Bank | Tammy L. Plummer Executive Vice President, Chief Information Officer of the Bank | Sarah J. Tolman Executive Vice President, Chief Banking Officer of the Bank |
| Business Overview |
| The First Bancorp, Inc. is a bank holding company of First National Bank (the Bank). The Bank provides an array of commercial and retail banking services through 18 locations in mid-coast and eastern Maine. The Bank emphasizes personal service, and its customers are primarily small businesses and individuals to whom the Bank offers a wide variety of services, including deposit accounts and consumer, commercial and mortgage loans. In addition to traditional banking services, the Company provides investment management and trust services to individuals, businesses, and municipalities through First National Wealth Management, which is an operating division of the Bank. First National Wealth Management offers a comprehensive array of private banking, financial planning, investment management and trust services to individuals, businesses, non-profit organizations, and municipalities of varying asset size. The Bank also offers brokerage, annuity products and certain types of insurance. |
| Financial Overview |
| For the three months ended 31 March 2024, First Bancorp Inc interest income increased 21% to $35M. Net interest income after loan loss provision decreased 9% to $15.4M. Net income decreased 24% to $6M. Net interest income after loan loss provision reflects Interest and dividends on investments decrease of 1% to $4.7M. Net income also reflects Interest on deposits increase of 76% to $19.2M (expense). |
| Employees: | 271 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | N/A |
| Annual revenue (TTM): | $134.25M as of Mar 31, 2024 |
| EBITDA (TTM): | $37.34M as of Mar 31, 2024 |
| Net annual income (TTM): | $27.57M as of Mar 31, 2024 |
| Free cash flow (TTM): | N/A |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 11,130,933 as of Mar 31, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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