The First Bancorp, Inc. (FNLC)

The First Bancorp Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	119.79	108.27	75.81	62.2	59.06	59.24
Interest Income on Investments	19.84	19.9	17.23	14.89	18.06	19.41
Total Interest Income	139.62	128.17	93.04	77.08	77.12	78.65
Interest Paid on Deposits	74.61	61	15.36	7.31	14.14	23.27
Interest Paid on Borrowings	3.26	1.96	1.51	3.46	3.15	2.89
Total Interest Expense	77.86	62.97	16.87	10.78	17.29	26.16
Net Interest Income	61.76	65.21	76.17	66.3	59.83	52.49
Net Interest Income Growth (YoY)	-14.51%	-14.39%	14.88%	10.81%	13.98%	4.55%
Trust Income	4.76	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	9.05	8.9	10.44	13.26	11.66	8.32
Total Non-Interest Income	15.8	15.44	16.87	19.38	18.12	14.19
Non-Interest Income Growth (YoY)	-1.29%	-8.52%	-12.94%	6.98%	27.70%	12.61%
Revenues Before Loan Losses	77.56	80.64	93.04	85.69	77.95	66.68
Provision for Loan Losses	0.48	1.18	1.75	-0.38	6.05	1.25
Revenue	77.08	79.46	91.29	86.06	71.9	65.43
Revenue Growth (YoY)	-11.10%	-12.96%	6.08%	19.69%	9.89%	6.72%
Salaries and Employee Benefits	21.87	21.12	22.51	20.3	19.74	17.83
Federal Deposit Insurance	2.21	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	10.88	10.72	10.22	9.67	9.2	8.29
Other Non-Interest Expense	10.23	9.93	10.05	11.29	9.63	8.57
Total Non-Interest Expense	45.2	43.76	43.9	42.15	39.34	35.17
EBT Excluding Unusual Items	31.87	35.7	47.39	43.91	32.56	30.26
Pretax Income	31.87	35.7	47.39	43.91	32.25	30.26
Income Tax Expense	5.53	6.18	8.4	7.64	5.12	4.74
Earnings From Continuing Operations	26.35	29.52	38.99	36.27	27.13	25.53
Net Income to Common	26.35	29.52	38.99	36.27	27.13	25.53
Basic Shares Outstanding	11	11	11	11	11	11
Diluted Shares Outstanding	11	11	11	11	11	11
Shares Change (YoY)	0.46%	0.46%	0.40%	0.50%	0.40%	0.34%
EPS (Basic)	2.39	2.68	3.57	3.33	2.50	2.36
EPS (Diluted)	2.37	2.66	3.53	3.30	2.48	2.34
EPS Growth	-24.34%	-24.65%	6.97%	33.06%	5.98%	7.83%
Effective Tax Rate	17.34%	17.32%	17.72%	17.41%	15.88%	15.65%
Dividend Per Share	1.410	1.390	1.340	1.270	1.230	1.190
Dividend Growth	2.92%	3.73%	5.51%	3.25%	3.36%	7.21%

Source: S&P Capital IQ. Banks template.