The First Bancorp, Inc. (FNLC)

The First Bancorp Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	133.16	129.44	108.27	75.81	62.2	59.06
Interest Income on Investments	19.39	19.39	19.9	17.23	14.89	18.06
Total Interest Income	152.55	148.83	128.17	93.04	77.08	77.12
Interest Paid on Deposits	79.5	79.41	61	15.36	7.31	14.14
Interest Paid on Borrowings	6.22	5.51	1.96	1.51	3.46	3.15
Total Interest Expense	85.72	84.92	62.97	16.87	10.78	17.29
Net Interest Income	66.83	63.91	65.21	76.17	66.3	59.83
Net Interest Income Growth (YoY)	6.73%	-1.99%	-14.39%	14.88%	10.81%	13.98%
Trust Income	5.09	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	9.55	9.34	8.9	10.44	13.26	11.66
Total Non-Interest Income	16.72	16.36	15.44	16.87	19.38	18.12
Non-Interest Income Growth (YoY)	7.80%	5.95%	-8.52%	-12.94%	6.98%	27.70%
Revenues Before Loan Losses	83.55	80.27	80.64	93.04	85.69	77.95
Provision for Loan Losses	1.43	0.53	1.18	1.75	-0.38	6.05
Revenue	82.12	79.74	79.46	91.29	86.06	71.9
Revenue Growth (YoY)	5.28%	0.35%	-12.96%	6.08%	19.69%	9.89%
Salaries and Employee Benefits	24.06	23.34	21.12	22.51	20.3	19.74
Federal Deposit Insurance	2.52	2.39	1.96	1.07	0.82	0.74
Amortization of Goodwill & Intangibles	0.03	0.03	0.03	0.07	0.07	0.04
Selling, General & Administrative	11.27	11.12	10.72	10.22	9.67	9.2
Other Non-Interest Expense	10.37	10.29	9.93	10.05	11.29	9.63
Total Non-Interest Expense	48.24	47.16	43.76	43.9	42.15	39.34
EBT Excluding Unusual Items	33.88	32.58	35.7	47.39	43.91	32.56
Pretax Income	33.88	32.58	35.7	47.39	43.91	32.25
Income Tax Expense	5.78	5.54	6.18	8.4	7.64	5.12
Net Income	28.1	27.05	29.52	38.99	36.27	27.13
Net Income to Common	28.1	27.05	29.52	38.99	36.27	27.13
Net Income Growth	1.93%	-8.38%	-24.29%	7.50%	33.69%	6.28%
Basic Shares Outstanding	11	11	11	11	11	11
Diluted Shares Outstanding	11	11	11	11	11	11
Shares Change (YoY)	0.53%	0.51%	0.46%	0.40%	0.50%	0.40%
EPS (Basic)	2.54	2.45	2.68	3.57	3.33	2.50
EPS (Diluted)	2.52	2.43	2.66	3.53	3.30	2.48
EPS Growth	1.61%	-8.65%	-24.65%	6.97%	33.06%	5.98%
Dividend Per Share	1.440	1.430	1.390	1.340	1.270	1.230
Dividend Growth	2.86%	2.88%	3.73%	5.51%	3.25%	3.36%
Effective Tax Rate	17.05%	17.00%	17.32%	17.72%	17.41%	15.88%

Updated Mar 7, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q