The First Bancorp, Inc. (FNLC)

The First Bancorp Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	124.96	108.27	75.81	62.2	59.06	59.24
Interest Income on Investments	19.7	19.9	17.23	14.89	18.06	19.41
Total Interest Income	144.66	128.17	93.04	77.08	77.12	78.65
Interest Paid on Deposits	77.73	61	15.36	7.31	14.14	23.27
Interest Paid on Borrowings	4.71	1.96	1.51	3.46	3.15	2.89
Total Interest Expense	82.45	62.97	16.87	10.78	17.29	26.16
Net Interest Income	62.21	65.21	76.17	66.3	59.83	52.49
Net Interest Income Growth (YoY)	-9.63%	-14.39%	14.88%	10.81%	13.98%	4.55%
Trust Income	4.83	4.65	4.6	4.53	3.66	3.32
Gain (Loss) on Sale of Investments	-	-	0.01	0.02	1.16	0.22
Other Non-Interest Income	9.16	8.9	10.44	13.26	11.66	8.32
Total Non-Interest Income	16.03	15.44	16.87	19.38	18.12	14.19
Non-Interest Income Growth (YoY)	5.59%	-8.52%	-12.94%	6.98%	27.70%	12.61%
Revenues Before Loan Losses	78.24	80.64	93.04	85.69	77.95	66.68
Provision for Loan Losses	0.04	1.18	1.75	-0.38	6.05	1.25
Revenue	78.19	79.46	91.29	86.06	71.9	65.43
Revenue Growth (YoY)	-5.87%	-12.96%	6.08%	19.69%	9.89%	6.72%
Salaries and Employee Benefits	22.4	21.12	22.51	20.3	19.74	17.83
Federal Deposit Insurance	2.3	1.96	1.07	0.82	0.74	0.44
Amortization of Goodwill & Intangibles	0.03	0.03	0.07	0.07	0.04	0.04
Selling, General & Administrative	11	10.72	10.22	9.67	9.2	8.29
Other Non-Interest Expense	10.48	9.93	10.05	11.29	9.63	8.57
Total Non-Interest Expense	46.2	43.76	43.9	42.15	39.34	35.17
EBT Excluding Unusual Items	31.99	35.7	47.39	43.91	32.56	30.26
Pretax Income	31.99	35.7	47.39	43.91	32.25	30.26
Income Tax Expense	5.55	6.18	8.4	7.64	5.12	4.74
Net Income	26.44	29.52	38.99	36.27	27.13	25.53
Net Income to Common	26.44	29.52	38.99	36.27	27.13	25.53
Net Income Growth	-17.46%	-24.29%	7.50%	33.69%	6.28%	8.45%
Basic Shares Outstanding	11	11	11	11	11	11
Diluted Shares Outstanding	11	11	11	11	11	11
Shares Change (YoY)	0.50%	0.46%	0.40%	0.50%	0.40%	0.34%
EPS (Basic)	2.40	2.68	3.57	3.33	2.50	2.36
EPS (Diluted)	2.38	2.66	3.53	3.30	2.48	2.34
EPS Growth	-17.64%	-24.65%	6.97%	33.06%	5.98%	7.83%
Dividend Per Share	1.420	1.390	1.340	1.270	1.230	1.190
Dividend Growth	2.90%	3.73%	5.51%	3.25%	3.36%	7.21%
Effective Tax Rate	17.35%	17.32%	17.72%	17.41%	15.88%	15.65%

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