First Bancorp (FNLC) financial statements
First Bancorp reported revenue of $95M in fiscal 2025, up 6.1% a year over 9 years.
Net income was $34M.
Free cash flow was $35M, and the company returned $16M in dividends and $282,000 in net buybacks.
The diluted share count rose 3% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from First Bancorp's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $55M | $60M | $63M | $67M | $78M | $86M | $93M | $81M | $80M | $95M |
| Interest expense | $11M | $14M | $20M | $26M | $17M | $11M | $17M | $63M | — | — |
| Pre-tax income | $24M | $26M | $28M | $30M | $32M | $44M | $47M | $36M | $33M | $42M |
| Income tax | $6M | $7M | $4M | $5M | $5M | $8M | $8M | $6M | $6M | $8M |
| Net income | $18M | $20M | $24M | $26M | $27M | $36M | $39M | $30M | $27M | $34M |
| EPS (diluted) | $1.66 | $1.81 | $2.17 | $2.34 | $2.48 | $3.30 | $3.53 | $2.66 | $2.43 | $3.07 |
| Diluted shares | 11M | 11M | 11M | 11M | 11M | 11M | 11M | 11M | 11M | 11M |
| Net margin | 32.5% | 32.7% | 37.5% | 38.3% | 34.8% | 42.3% | 41.9% | 36.6% | 33.7% | 36.3% |
Balance sheet
Fiscal years, from First Bancorp's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $17M | $19M | $19M | $14M | $26M | $21M | $23M | $32M | $28M | $28M |
| Property, plant and equipment | $22M | $23M | $22M | $21M | $27M | $29M | — | — | — | — |
| Goodwill | $30M | $30M | $30M | $30M | $31M | $31M | $31M | $31M | $31M | $31M |
| Total assets | $1.7B | $1.8B | $1.9B | $2.1B | $2.4B | $2.5B | $2.7B | $2.9B | $3.2B | $3.2B |
| Total liabilities | $1.5B | $1.7B | $1.8B | $1.9B | $2.1B | $2.3B | $2.5B | $2.7B | $2.9B | $2.9B |
| Shareholders' equity | $173M | $181M | $192M | $213M | $224M | $246M | $229M | $243M | $252M | $283M |
| Net debt | -$17M | -$19M | -$19M | -$14M | -$26M | -$21M | -$23M | -$32M | -$28M | -$28M |
Cash flow
Fiscal years, from First Bancorp's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $21M | $22M | $34M | $26M | $23M | $57M | $41M | $37M | $26M | $38M |
| Capital spending | $2M | $3M | $1M | $2M | $3M | $4M | $1M | $3M | $1M | $3M |
| Free cash flow | $19M | $20M | $32M | $24M | $20M | $53M | $40M | $34M | $25M | $35M |
| Stock-based compensation | $298,000 | $392,000 | $381,000 | $565,000 | $652,000 | $856,000 | $809,000 | $820,000 | $895,000 | $966,000 |
| Dividends paid | $10M | $11M | $12M | $13M | $13M | $14M | $15M | $15M | $16M | $16M |
| Share buybacks (net) | -$129,000 | -$154,000 | -$168,000 | -$183,000 | -$156,000 | -$253,000 | -$277,000 | -$250,000 | -$212,000 | -$282,000 |
| Net borrowing | -$64M | -$30M | $62M | $0 | $32M | -$126M | $22M | -$34M | -$18M | $41M |
| Free cash flow margin | 34.4% | 33.0% | 51.5% | 36.7% | 25.9% | 61.8% | 42.8% | 42.5% | 30.6% | 36.5% |
| Dividends per share | $0.91 | $1.06 | $1.11 | $1.19 | $1.22 | $1.27 | $1.34 | $1.39 | $1.42 | $1.46 |
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Open FNLC in InvestinglyQuestions
What was First Bancorp's revenue in 2025?
$95M in fiscal 2025, from its 10-K filing.
How much free cash flow does First Bancorp generate?
$35M in fiscal 2025 (operating cash flow minus capital spending).
From First Bancorp's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.