FIRST BANCORP INC/ME logo

FNLC

FIRST BANCORP INC/ME

$30.9

Earnings Summary

Revenue
$19.09Mn
Net Profits
$6.57Mn
Net Profit Margins
34.41%

Highlights

Revenue:

FIRST BANCORP INC/ME’s revenue jumped 15.32% since last year same period to $19.09Mn in the Q2 2020. On a quarterly growth basis, FIRST BANCORP INC/ME has generated -0.25% fall in its revenue since last 3-months.

Net Profits:

FIRST BANCORP INC/ME’s net profit jumped 2.72% since last year same period to $6.57Mn in the Q2 2020. On a quarterly growth basis, FIRST BANCORP INC/ME has generated 1.14% jump in its net profits since last 3-months.

Net Profit Margins:

FIRST BANCORP INC/ME’s net profit margin fell -10.93% since last year same period to 34.41% in the Q2 2020. On a quarterly growth basis, FIRST BANCORP INC/ME has generated 1.39% jump in its net profit margins since last 3-months.

Key Ratios

Key ratios of the FIRST BANCORP INC/ME post its Q2 2022 earnings

Earning Per Share (EPS)
0.91
Return on Assets (ROA)
0.01
Return on Equity (ROE)
0.17
Dividend Per Share (DPS)
0.32

Highlights

Earning Per Share (EPS):

FIRST BANCORP INC/ME’s earning per share (EPS) jumped 13.75% since last year same period to 0.91 in the Q2 2022. This indicates that the FIRST BANCORP INC/ME has generated 13.75% annual rate of jump in its earning per share (EPS) in the last 4 quarters.

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. FIRST BANCORP INC/ME’s return on assets (ROA) stands at 0.01.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. FIRST BANCORP INC/ME’s return on equity (ROE) stands at 0.17.

Dividend Per Share (DPS):

FIRST BANCORP INC/ME declared 0.32 dividend per share during the earnings announcement for Q2 2022.

Company Information

The First Bancorp (formerly First National Lincoln Corporation), is a $2.4 billion bank holding company based in Damariscotta, Maine. The company’s subsidiary, First National Bank (formerly The First, N.A.), was established in 1864 and now has 17 branches located along Maine’s coast from Wiscasset to Calais and one inland branch in Bangor. With a strong coastal presence, the Bank is well positioned to take advantage of the mix of both new and traditional industries and the growth generally seen in Maine’s coastal counties.

Organisation
FIRST BANCORP INC/ME
Headquarters
223 Main Street, Damariscotta, ME, United States, 04543
Employees
267
Industry
Finance

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