First Bancorp Inc (FNLC) - Net Assets

Latest as of December 2025: $283.14 Million USD

Based on the latest financial reports, First Bancorp Inc (FNLC) has net assets worth $283.14 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.17 Billion) and total liabilities ($2.88 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check asset resilience ratio of First Bancorp Inc to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	$283.14 Million
% of Total Assets	8.94%
Annual Growth Rate	9.32%
5-Year Change	15.26%
10-Year Change	64.12%
Growth Volatility	17.25

First Bancorp Inc - Net Assets Trend (1995–2025)

This chart illustrates how First Bancorp Inc's net assets have evolved over time, based on quarterly financial data. Also explore FNLC asset base for the complete picture of this company's asset base.

Annual Net Assets for First Bancorp Inc (1995–2025)

The table below shows the annual net assets of First Bancorp Inc from 1995 to 2025. For live valuation and market cap data, see market cap of First Bancorp Inc.

Year	Net Assets	Change
2025-12-31	$283.14 Million	+12.14%
2024-12-31	$252.49 Million	+3.87%
2023-12-31	$243.08 Million	+6.18%
2022-12-31	$228.92 Million	-6.81%
2021-12-31	$245.66 Million	+9.80%
2020-12-31	$223.73 Million	+5.28%
2019-12-31	$212.51 Million	+10.95%
2018-12-31	$191.54 Million	+5.64%
2017-12-31	$181.32 Million	+5.10%
2016-12-31	$172.52 Million	+3.00%
2015-12-31	$167.50 Million	+3.68%
2014-12-31	$161.55 Million	+10.58%
2013-12-31	$146.10 Million	-6.60%
2012-12-31	$156.42 Million	+3.69%
2011-12-31	$150.86 Million	+0.67%
2010-12-31	$149.85 Million	+1.29%
2009-12-31	$147.94 Million	+26.25%
2008-12-31	$117.18 Million	+4.01%
2007-12-31	$112.67 Million	+4.98%
2006-12-31	$107.33 Million	+3.75%
2005-12-31	$103.45 Million	+95.88%
2004-12-31	$52.81 Million	+10.68%
2003-12-31	$47.72 Million	+11.76%
2002-12-31	$42.70 Million	+14.36%
2001-12-31	$37.33 Million	+12.59%
2000-12-31	$33.16 Million	+15.54%
1999-12-31	$28.70 Million	-0.35%
1998-12-31	$28.80 Million	+11.26%
1997-12-31	$25.89 Million	+15.16%
1996-12-31	$22.48 Million	+14.88%
1995-12-31	$19.57 Million	--

Equity Component Analysis

This analysis shows how different components contribute to First Bancorp Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 1490.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	$240.46 Million	84.92%
Common Stock	$112.00K	0.04%
Other Comprehensive Income	$-31.14 Million	-11.00%
Other Components	$73.71 Million	26.03%
Total Equity	$283.14 Million	100.00%

First Bancorp Inc Competitors by Market Cap

The table below lists competitors of First Bancorp Inc ranked by their market capitalization.

Company	Market Cap
PCB Bancorp NASDAQ:PCB	$325.72 Million
Clinuvel Pharmaceuticals Ltd AU:CUV	$325.72 Million
Eagle Bulk Shipping Inc NYSE:EGLE	$325.76 Million
Caisse Regionale de Credit Agricole Mutuel d’IlleetVilaine SC PA:CIV	$325.77 Million
Uchi Technologies Bhd KLSE:7100	$325.56 Million
Integrated Diagnostics Holdings PLC LSE:IDHC	$325.54 Million
LINKBANCORP Inc NASDAQ:LNKB	$325.51 Million
Shenzhen Dvision Video Communica SHE:300167	$325.34 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in First Bancorp Inc's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 252,493,000 to 283,143,000, a change of 30,650,000 (12.1%).
Net income of 34,394,000 contributed positively to equity growth.
Dividend payments of 16,347,000 reduced retained earnings.
Share repurchases of 282,000 reduced equity.
New share issuances of 916,000 increased equity.
Other comprehensive income increased equity by 11,135,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	$34.39 Million	+12.15%
Dividends Paid	$16.35 Million	-5.77%
Share Repurchases	$282.00K	-0.1%
Share Issuances	$916.00K	+0.32%
Other Comprehensive Income	$11.13 Million	+3.93%
Other Changes	$834.00K	+0.29%
Total Change	$-	12.14%

Book Value vs Market Value Analysis

This analysis compares First Bancorp Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 1.14x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 10.75x to 1.14x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
1995-12-31	$2.69	$28.89	x
1996-12-31	$3.07	$28.89	x
1997-12-31	$3.42	$28.89	x
1998-12-31	$3.74	$28.89	x
1999-12-31	$3.76	$28.89	x
2000-12-31	$4.53	$28.89	x
2001-12-31	$5.07	$28.89	x
2002-12-31	$5.77	$28.89	x
2003-12-31	$6.46	$28.89	x
2004-12-31	$7.08	$28.89	x
2005-12-31	$10.49	$28.89	x
2006-12-31	$10.88	$28.89	x
2007-12-31	$11.51	$28.89	x
2008-12-31	$12.06	$28.89	x
2009-12-31	$15.22	$28.89	x
2010-12-31	$15.31	$28.89	x
2011-12-31	$15.42	$28.89	x
2012-12-31	$14.93	$28.89	x
2013-12-31	$13.52	$28.89	x
2014-12-31	$15.05	$28.89	x
2015-12-31	$15.61	$28.89	x
2016-12-31	$15.90	$28.89	x
2017-12-31	$16.75	$28.89	x
2018-12-31	$17.66	$28.89	x
2019-12-31	$19.52	$28.89	x
2020-12-31	$20.46	$28.89	x
2021-12-31	$22.36	$28.89	x
2022-12-31	$20.75	$28.89	x
2023-12-31	$21.93	$28.89	x
2024-12-31	$22.67	$28.89	x
2025-12-31	$25.25	$28.89	x

Capital Efficiency Dashboard

This dashboard shows how efficiently First Bancorp Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 12.15%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 19.36%
• Asset Turnover: 0.06x
• Equity Multiplier: 11.18x
Recent ROE (12.15%) is below the historical average (12.33%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
1995	13.90%	30.68%	0.04x	10.85x	$763.50K
1996	15.23%	35.76%	0.04x	10.27x	$1.18 Million
1997	15.09%	34.86%	0.04x	10.29x	$1.32 Million
1998	13.89%	16.95%	0.08x	9.96x	$1.12 Million
1999	15.68%	17.11%	0.08x	11.89x	$1.63 Million
2000	13.89%	14.91%	0.08x	11.86x	$1.29 Million
2001	14.71%	16.17%	0.08x	11.64x	$1.76 Million
2002	15.24%	18.99%	0.07x	11.57x	$2.24 Million
2003	15.56%	22.72%	0.06x	11.92x	$2.66 Million
2004	16.11%	24.18%	0.06x	12.01x	$3.23 Million
2005	12.41%	21.60%	0.06x	10.07x	$2.50 Million
2006	11.46%	16.50%	0.07x	10.29x	$1.56 Million
2007	11.63%	16.00%	0.07x	10.86x	$1.83 Million
2008	11.98%	17.32%	0.06x	11.31x	$2.32 Million
2009	8.82%	17.31%	0.06x	9.00x	$-1.75 Million
2010	8.09%	18.25%	0.05x	9.30x	$-2.87 Million
2011	8.20%	18.33%	0.05x	9.10x	$-2.72 Million
2012	8.11%	20.11%	0.04x	9.05x	$-2.95 Million
2013	8.87%	20.90%	0.04x	10.02x	$-1.64 Million
2014	9.10%	23.70%	0.04x	9.17x	$-1.45 Million
2015	9.68%	25.71%	0.04x	9.34x	$-543.80K
2016	10.44%	27.18%	0.04x	9.93x	$757.00K
2017	10.80%	26.69%	0.04x	10.16x	$1.46 Million
2018	12.29%	28.31%	0.04x	10.16x	$4.38 Million
2019	12.01%	27.49%	0.04x	9.74x	$4.27 Million
2020	12.13%	28.49%	0.04x	10.55x	$4.76 Million
2021	14.76%	37.60%	0.04x	10.29x	$11.70 Million
2022	17.03%	35.47%	0.04x	11.97x	$16.10 Million
2023	12.14%	23.03%	0.04x	12.12x	$5.21 Million
2024	10.71%	16.35%	0.05x	12.50x	$1.80 Million
2025	12.15%	19.36%	0.06x	11.18x	$6.08 Million

Industry Comparison

This section compares First Bancorp Inc's net assets metrics with peer companies in the Banks - Regional industry.

Industry Context

Industry: Banks - Regional
Average net assets among peers: $552,557,300
Average return on equity (ROE) among peers: 11.02%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
First Bancorp Inc (FNLC)	$283.14 Million	13.90%	10.18x	$325.60 Million
Ameris Bancorp (ABCB)	$1.46 Billion	8.31%	6.86x	$4.95 Billion
Ameris Bancorp (ABCB)	$120.94 Million	10.83%	9.48x	$5.70 Billion
ACNB Corporation (ACNB)	$74.01 Million	9.97%	11.77x	$483.21 Million
Affinity Bancshares Inc (AFBI)	$129.12 Million	4.21%	5.71x	$135.98 Million
Alerus Financial Corp (ALRS)	$153.31 Million	13.22%	8.01x	$647.19 Million
Amalgamated Bank (AMAL)	$535.82 Million	8.62%	10.16x	$1.14 Billion
Amerant Bancorp Inc. (AMTB)	$901.22 Million	12.53%	7.48x	$962.39 Million
Arrow Financial Corporation (AROW)	$72.29 Million	17.85%	12.85x	$601.02 Million
Associated Banc-Corp (ASB)	$2.02 Billion	12.80%	9.17x	$5.20 Billion
AmeriServ Financial Inc (ASRV)	$65.10 Million	11.83%	10.90x	$62.60 Million

About First Bancorp Inc

NASDAQ:FNLC USA Banks - Regional

Market Cap

$325.60 Million

Market Cap Rank

#14628 Global

#3291 in USA

Share Price

$28.89

Change (1 day)

+1.51%

52-Week Range

$23.49 - $30.01

All Time High

$31.02