The First Bancorp (FNLC) Financial Statements & Analysis

The First Bancorp (FNLC) Income Statement

The First Bancorp reported revenue of $94.77M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 18.8% from $79.74M a year earlier. Net income was $34.39M, up 27.2% year over year, a net margin of 36.3%. Gross margin was 98.0% and operating margin 44.3%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $25.82M, up 14.6% from the same quarter a year earlier.

The First Bancorp Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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The First Bancorp, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	94.77	79.74	80.65	109.91	85.69	95.24	92.84	83.14	73.38
Cost of Revenue	84.74	85.69	64.16	18.62	10.40	23.34	27.41	21.83	15.53
Gross Profit	92.87	79.74	79.46	91.29	86.06	71.90	65.43	61.31	57.85
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	29.72	9.00	23.90	24.38	21.98	21.13	18.84	18.87	17.61
Operating Expenses	50.93	47.16	43.76	43.90	42.15	39.65	35.17	33.47	31.65
Operating Income	41.94	32.58	35.70	47.39	43.91	32.25	30.26	27.84	26.20
Other Income/Expense
Interest Income	160.27	148.83	128.17	93.04	77.08	77.12	78.65	70.54	60.83
Interest Expense	82.89	84.92	62.97	16.87	10.78	17.29	26.16	20.33	13.53
Other Income/Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income
Income Before Tax	41.94	32.58	35.70	47.39	43.91	32.25	30.26	27.84	26.20
Income Tax Expense	7.55	5.54	6.18	8.40	7.64	5.12	4.74	4.31	6.61
Net Income	34.39	27.05	29.52	38.99	36.27	27.13	25.53	23.54	19.59
Net Income - Continuous Operations	34.39	27.05	29.52	38.99	36.27	27.13	25.53	23.54	19.59
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	44.15	2.21	2.11	49.37	45.95	34.47	32.20	29.63	28.06
EBIT	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	0.03	2.21	0.03	1.98	0.07	2.22	1.94	1.79	1.86
Earnings Per Share
Basic EPS	3.00	2.00	3.00	4.00	3.00	3.00	2.00	2.00	2.00
Diluted EPS	3.00	2.00	3.00	4.00	3.00	2.00	2.00	2.00	2.00
Basic Shares Outstanding	11.09	11.05	11.01	10.93	10.89	10.86	10.82	10.80	10.76
Diluted Shares Outstanding	11.20	11.14	11.10	11.03	10.99	10.93	10.89	10.85	10.82

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About The First Bancorp Financial Statements

What was The First Bancorp's revenue in fiscal 2025?

The First Bancorp reported revenue of $94.77M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 18.8% from $79.74M a year earlier.

Is The First Bancorp profitable?

Yes. The First Bancorp earned net income of $34.39M in fiscal 2025, a net margin of 36.3%. In fiscal 2024 it earned $27.05M.

What is The First Bancorp's operating margin?

The First Bancorp's operating income was $41.94M on revenue of $94.77M in fiscal 2025, an operating margin of 44.3%, compared with 40.9% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition