The First Bancorp, Inc. (FNLC)

The First Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	129.44	108.27	75.81	62.2	59.06
Interest Income on Investments	19.39	19.9	17.23	14.89	18.06
Total Interest Income	148.83	128.17	93.04	77.08	77.12
Interest Paid on Deposits	79.41	61	15.36	7.31	14.14
Interest Paid on Borrowings	5.51	1.96	1.51	3.46	3.15
Total Interest Expense	84.92	62.97	16.87	10.78	17.29
Net Interest Income	63.91	65.21	76.17	66.3	59.83
Net Interest Income Growth (YoY)	-1.99%	-14.39%	14.88%	10.81%	13.98%
Trust Income	4.96	4.65	4.6	4.53	3.66
Gain (Loss) on Sale of Investments	-	-	0.01	0.02	1.16
Other Non-Interest Income	9.34	8.9	10.44	13.26	11.66
Total Non-Interest Income	16.36	15.44	16.87	19.38	18.12
Non-Interest Income Growth (YoY)	5.95%	-8.52%	-12.94%	6.98%	27.70%
Revenues Before Loan Losses	80.27	80.64	93.04	85.69	77.95
Provision for Loan Losses	0.53	1.18	1.75	-0.38	6.05
Revenue	79.74	79.46	91.29	86.06	71.9
Revenue Growth (YoY)	0.35%	-12.96%	6.08%	19.69%	9.89%
Salaries and Employee Benefits	24.23	21.12	22.51	20.3	19.74
Federal Deposit Insurance	2.39	1.96	1.07	0.82	0.74
Amortization of Goodwill & Intangibles	0.03	0.03	0.07	0.07	0.04
Selling, General & Administrative	9	10.72	10.22	9.67	9.2
Other Non-Interest Expense	11.51	9.93	10.05	11.29	9.63
Total Non-Interest Expense	47.16	43.76	43.9	42.15	39.34
EBT Excluding Unusual Items	32.58	35.7	47.39	43.91	32.56
Pretax Income	32.58	35.7	47.39	43.91	32.25
Income Tax Expense	5.54	6.18	8.4	7.64	5.12
Net Income	27.05	29.52	38.99	36.27	27.13
Net Income to Common	27.05	29.52	38.99	36.27	27.13
Net Income Growth	-8.38%	-24.29%	7.50%	33.69%	6.28%
Basic Shares Outstanding	11	11	11	11	11
Diluted Shares Outstanding	11	11	11	11	11
Shares Change (YoY)	0.43%	0.46%	0.40%	0.50%	0.40%
EPS (Basic)	2.45	2.68	3.57	3.33	2.50
EPS (Diluted)	2.43	2.66	3.53	3.30	2.48
EPS Growth	-8.65%	-24.65%	6.97%	33.06%	5.98%
Dividend Per Share	1.430	1.390	1.340	1.270	1.230
Dividend Growth	2.88%	3.73%	5.51%	3.25%	3.36%
Effective Tax Rate	17.00%	17.32%	17.72%	17.41%	15.88%

Source: S&P Capital IQ. Banks template. Financial Sources.