F 
37.08
+1.84%
Close of 9 Nov 2026, in USD
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About First Bancorp
From its filings with the US Securities and Exchange Commission
First Bancorp is based in Damariscotta, Maine and is incorporated in Maine. Its shares trade on Nasdaq under the ticker FNLC. The SEC classifies its business as national commercial banks. In the fiscal year to 31 December 2025, it reported net income of $34.4m. At that date it held total assets of $3.17bn and shareholders' equity of $283.1m.
Company facts
- Sector
- Financials
- Industry
- Banks
- Listed since
- 14 Jul 1999
- Employees
- 283
- Head office
- P.O. BOX 940, DAMARISCOTTA, ME, 04543
- Incorporated in
- ME
- Classification
- National Commercial Banks
- Filer status
- Accelerated filer
Leadership
Pay as last reported
- Mr. Bruce TindalIndependent Chairman of the Board$44,500
- Mr. Tony MckimPresident, Chief Executive Officer, Director of the Company and The First Bank, since 2005$1.4m
- Mr. Richard ElderTreasurer of the Company, Executive Vice President and Chief Financial Officer of the Company and the Bank$470,329
- Ms. Marcia BennerExecutive Vice President, Chief Administrative Officer
- Mr. Christopher AustinClerk of the Company, Executive Vice President and Chief Legal Counsel of the Bank
- Ms. Jody BrownExecutive Vice President, Chief Risk Officer
- Mr. Jonathan NicholsonExecutive Vice President, Chief Lending Officer of the Bank$438,596
- Mr. Peter NicholsonExecutive Vice President, Chief Fiduciary Officer of the Bank
- Ms. Tammy PlummerExecutive Vice President, Chief Information Officer of the Bank
- Ms. Sarah TolmanExecutive Vice President, Chief Banking Officer of the Bank$427,490
- Mr. Robert GregoryIndependent Director, since 1987$34,000
- Mrs. Ingrid KachmarIndependent Director
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 65
- Environment
- 58
- Social
- 70
- Governance
- 68
- Women in the workforce
- 77.5%
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- First Bancorp Inc has a strong market presence in the banking industry, with a significant number of branches and a large customer base. This allows them to attract and retain a wide range of customers, including individual consumers and businesses.
- The company has a solid financial position and a history of consistent profitability. This enables them to invest in new technologies and expand their services, thereby staying competitive in the market.
Weaknesses
- One of the weaknesses of First Bancorp Inc is its heavy reliance on traditional banking services. With the rise of digital banking and fintech startups, the company may face challenges in adapting to the changing customer preferences and technological advancements.
- Another weakness is their limited geographic presence, primarily serving a specific region. This narrows the potential market and makes them more susceptible to economic fluctuations and local market conditions.
Opportunities
- First Bancorp Inc has an opportunity to tap into the growing demand for digital banking services. By investing in technological infrastructure and offering user-friendly online and mobile banking platforms, they can attract tech-savvy customers and expand their customer base.
- Furthermore, the company can explore potential mergers and acquisitions to expand its geographic footprint and diversify its offerings. This would enable them to reach a larger customer base and potentially increase market share.
Threats
- One of the key threats that First Bancorp Inc faces is increasing competition from both traditional banks and fintech companies. These competitors may offer innovative solutions and attract customers away from the company if they fail to keep up with the evolving market trends.
- Moreover, regulatory changes and compliance requirements pose a threat to the company's operations. Non-compliance or failure to adapt to regulatory changes could result in penalties and reputational damage.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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