FNLC on Nasdaq

First Bancorp, Inc /ME/

First Bancorp, Inc /ME/ is an American national commercial bank, incorporated in Maine.1 It is headquartered in Damariscotta, Maine.1 Its shares trade on Nasdaq under the symbol FNLC.1

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Last updated Oct 20, 2026.

Overview

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  • TickerFNLC on Nasdaq1
  • IndustryNational Commercial Banks1
  • HeadquartersDamariscotta, Maine1
  • Incorporated inME2
  • Business addressP.O. Box 940, Main Street, Damariscotta, Me 045432
  • Filer categoryAccelerated filer2

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Debit Card brought in 39% of the revenue First Bancorp, Inc /ME/ broke down this way in fiscal 2025.

  1. Debit Card$5.5M339%down 0% from 2024
  2. Fiduciary and Trust$5.4M339%up 9% from 2024
  3. Deposit Account$2.2M316%up 6% from 2024
  4. Mortgage Banking$846.0K36%up 7% from 2024
Products and services by year
Products and services202320242025
Debit Card$5.4M$5.5M$5.5M
Fiduciary and Trust$4.7M$5.0M$5.4M
Deposit Account$1.9M$2.0M$2.2M
Mortgage Banking$813.0K$794.0K$846.0K

Financial statements

Net income45673$34.4M in 2025+35% since 2019
0$10.0M$20.0M$30.0M$40.0M2019: $25.5M$25.5M20192020: $27.1M$27.1M2020+6%2021: $36.3M$36.3M2021+34%2022: $39.0M$39.0M2022+8%2023: $29.5M$29.5M2023−24%2024: $27.0M$27.0M2024−8%2025: $34.4M$34.4M2025+27%

Every line of the income statement as filed: the last 3 fiscal years (annual) or 8 quarters (quarterly), latest first.3

Period ending2025-12-312024-12-312023-12-31
Interest and fees on loans (includes tax-exempt income of $2,878,000 in 2025, $2,518,000 in 2024, and $1,913,000 in 2023)$141.2M$129.4M$108.3M
Interest on deposits with other banks$400.0K$550.0K$517.0K
Interest and dividends on investments (includes tax-exempt income of $7,793,000 in 2025, $7,940,000 in 2024, and $8,032,000 in 2023)$18.7M$18.8M$19.4M
Total interest income$160.3M$148.8M$128.2M
Interest on deposits$76.7M$79.4M$61.0M
Interest on borrowed funds$6.2M$5.5M$2.0M
Total interest expense$82.9M$84.9M$63.0M
Net interest income$77.4M$63.9M$65.2M
Credit loss expense - loans$2.0M$1.3M$1.3M
Credit loss reduction - debt securities HTM-$50.0K-$238.0K-$4.0K
Credit loss reduction - off-balance sheet credit exposures-$149.0K-$541.0K-$142.0K
Total credit loss expense$1.9M$525.0K$1.2M
Net interest income after provision for credit losses$75.5M$63.4M$64.0M
Other operating income$3.5M$3.1M$2.7M
Total non-interest income$17.3M$16.4M$15.4M
Salaries and employee benefits$27.0M$24.2M$21.9M
Occupancy expense$3.4M$3.4M$3.3M
Furniture and equipment expense$5.9M$5.6M$5.4M
FDIC insurance premiums$2.7M$2.4M$2.0M
Amortization of identified intangibles$26.0K$26.0K$26.0K
Other operating expense$11.9M$11.5M$11.1M
Total non-interest expense$50.9M$47.2M$43.8M
Income before income taxes$41.9M$32.6M$35.7M
Applicable tax expense$7.5M$5.5M$6.2M
Net income$34.4M$27.0M$29.5M
Basic earnings per common share (usd per share)$3.10$2.45$2.68
Diluted earnings per common share (usd per share)$3.07$2.43$2.66
Net unrealized gain (loss) on securities available for sale, net of taxes$11.3M-$3.1M$5.1M
Net unrealized gain on transferred securities, net of taxes$9.0K$9.0K$8.0K
Net unrealized loss on hedging derivative instruments-$157.0K-$143.0K-$244.0K
Net unrecognized (loss) gain on postretirement benefits-$47.0K-$16.0K$30.0K
Other comprehensive gain (loss)$11.1M-$3.2M$4.9M
Comprehensive income$45.5M$23.8M$34.5M
Interest and fees on loans (tax-exempt income)$2.9M$2.5M$1.9M
Interest and dividends on investments (tax-exempt income)$7.8M$7.9M$8.0M

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What it owns

What First Bancorp, Inc /ME/ reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Operating-lease assets (leased space)$477.0K3 Dec 31, 2025$565.0K3 Dec 31, 2024−15.6%

Investments

ItemLatestA year beforeChange
Loans, net of allowance$2.4B3 Dec 31, 2025$2.3B3 Dec 31, 2024+2.3%
Deposits held (banks)$2.7B3 Dec 31, 2025$2.7B3 Dec 31, 2024−2.2%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$30.6M3 Dec 31, 2025$30.6M3 Dec 31, 20240%

Properties, in its own words

The principal office of the Company and the Bank is located in Damariscotta, Maine. The Bank operates 18 full-service banking offices in six counties in the Mid-Coast, Eastern and Down East regions of Maine:

Lincoln County · Knox County · Waldo County · Hancock County · Washington County

The rest of Item 2

Boothbay Harbor · Camden · Belfast · Bar Harbor · Eastport

Damariscotta · Rockland Park Street · Blue Hill · Calais

Waldoboro · Rockland Union Street · Penobscot County · Ellsworth

Wiscasset · Rockport · Bangor · Northeast Harbor

Brewer · Southwest Harbor

First National Wealth Management, the investment management and trust division of the Bank, operates from our locations in Bangor, Bar Harbor, Ellsworth and Damariscotta. The Bank also maintains an Operations Center in Damariscotta. The Company owns all of its locations except for the land under the Southwest Harbor drive-up facility, the land under the Belfast branch, and the Brewer branch. Long-term land leases are in place for the Southwest Harbor and Belfast locations and an operating lease is in place for Brewer. The Company also owns undeveloped land in Belfast. Management believes that the Bank's current facilities are suitable and adequate in light of its current needs and its anticipated needs over the near term.

Item 2 of the 10-K filed Mar 6, 2026.12

Leadership

Who has led First Bancorp, Inc /ME/, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Daniel R. Daigneault2006–2015
  2. Tony C. McKim2015–now

President

  1. Daniel R. Daigneault2006–2015
  2. Tony C. McKim2015–now

Chief financial officer

  1. F. Stephen Ward2006–2021
  2. Richard M. Elder2019–now

Chief operating officer

  1. Tony C. McKim2006–2017
2010201520202025
Board members and other officers (33)

Former names

  • FIRST NATIONAL LINCOLN CORP /ME/Nov 13, 1995 to May 11, 20092

Timeline

  1. Sep 24, 20268-K Other events49
  2. Jul 22, 20268-K Results of operations50
  3. Jul 8, 20268-K Executive or director change51
  4. Jun 25, 20268-K Other events52
  5. May 18, 20268-K Bylaws or fiscal year changed53
  6. May 1, 20268-K Shareholder vote54
  7. May 1, 20268-K Executive or director change55
  8. May 1, 20268-K Bylaws or fiscal year changed56
  9. Apr 22, 20268-K Results of operations57
  10. Mar 26, 20268-K Other events58
  11. Jan 21, 20268-K Results of operations59
  12. Jan 12, 20268-K Executive or director change60
  13. Jan 29, 2015New chief executive Tony C. McKim becomes CEO13
  14. Jan 11, 2006New chief executive Daniel R. Daigneault becomes CEO14

Calendar

Coming up

  1. Oct 28, 2026Reports results for the quarter ending Sep/202661

When it reported results

  1. Jul 22, 2026Reported quarterly or annual results50
  2. Apr 22, 2026Reported quarterly or annual results57
  3. Jan 21, 2026Reported quarterly or annual results59
  4. Oct 22, 2025Reported quarterly or annual results62
  5. Jul 23, 2025Reported quarterly or annual results63
  6. Apr 23, 2025Reported quarterly or annual results64
  7. Jan 22, 2025Reported quarterly or annual results65
  8. Oct 23, 2024Reported quarterly or annual results66

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

263 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 60 major events, 145 insider forms, 3 large holders, 35 other. The latest 20:

  1. Sep 24, 20268-K EDGAR
  2. Aug 17, 2026N-PX EDGAR
  3. Aug 11, 202613F-HR EDGAR
  4. Aug 7, 202610-Q EDGAR
  5. Jul 29, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  6. Jul 27, 2026144 EDGAR
  7. Jul 22, 20268-K EDGAR
  8. Jul 8, 20268-K EDGAR
  9. Jul 1, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  10. Jun 25, 20268-K EDGAR
  11. May 18, 20268-K/A EDGAR
  12. May 8, 202610-Q EDGAR
  13. May 7, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  14. May 1, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  15. May 1, 20268-K EDGAR
  16. May 1, 20268-K EDGAR
  17. May 1, 20268-K EDGAR
  18. Apr 22, 20268-K EDGAR
  19. Apr 20, 202613F-HR EDGAR
  20. Mar 26, 20268-K EDGAR

The 263 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

17 open-market trades by officers, directors and large owners since October 2021: 12 buys and 5 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jul 28, 2026Tolman SarahEVP, Chief Banking OfficerSale5,200$35.22$183.1KForm 4
Apr 30, 2026Swan KimberlyDirectorBuy1,500$28.69$43.0KForm 4
Aug 19, 2025Tolman SarahEVP, Chief Banking OfficerSale175$26.03$4.6KForm 4
Apr 28, 2025Kachmar Ingrid WilburDirectorBuy4,000$24.10$96.4KForm 4
Apr 24, 2025Swan KimberlyDirectorBuy1,600$24.42$39.1KForm 4
Jul 26, 2024NORTON SUSAN ARetired EVPSale500$29.03$14.5KForm 4
Apr 18, 2024Swan KimberlyDirectorBuy1,275$22.31$28.4KForm 4
May 8, 2023SMITH STUART GDirectorBuy1,000$23.61$23.6KForm 4
May 5, 2023GREGORY ROBERT BDirectorBuy1,000$24.00$24.0KForm 4
May 4, 2023SMITH STUART GDirectorBuy1,000$24.61$24.6KForm 4
May 1, 2023Tolman SarahEVP, Chief Banking OfficerBuy30$24.62$739Form 4
Apr 21, 2023Swan KimberlyDirectorBuy1,958$25.08$49.1KForm 4
Nov 2, 2022NORTON SUSAN ARetired EVPSale1,000$30.96$31.0KForm 4
Oct 24, 2022Swan KimberlyDirectorBuy1,000$29.46$29.5KForm 4
Dec 29, 2021Swan KimberlyDirectorSale1,350$31.59$42.6KForm 4
Dec 23, 2021Swan KimberlyDirectorBuy1,728$30.39$52.5KForm 4
Dec 22, 2021Swan KimberlyDirectorBuy3,272$30.02$98.2KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

3 such filings since October 2021:

  1. Jan 26, 2024SC 13G/A
  2. Feb 1, 2023SC 13G/A
  3. Feb 1, 2022SC 13G/A

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Tony C. McKimPresident and Chief Executive Officer58$850.0K$1.6M67
2025Richard M. ElderExecutive Vice President and Chief Financial Officer60$350.0K$585.1K67
2025Jonathan W. NicholsonExecutive Vice President and Chief Lending Officer54$330.0K$552.6K67
2025Sarah J. TolmanExecutive Vice President and Chief Banking Officer47$310.0K$520.5K67
2025Tammy L. PlummerExecutive Vice President and Chief Information Officer60$270.0K$454.5K67
2024Tony C. McKimPresident and Chief Executive Officer58$812.0K$1.4M67
2024Richard M. ElderExecutive Vice President and Chief Financial Officer60$325.0K$470.3K67
2024Jonathan W. NicholsonExecutive Vice President and Chief Lending Officer54$295.0K$438.6K67
2024Sarah J. TolmanExecutive Vice President and Chief Banking Officer47$295.0K$427.5K67
2024Tammy L. PlummerExecutive Vice President and Chief Information Officer60$257.0K$379.4K67
2023Tony C. McKimPresident and Chief Executive Officer58$775.0K$1.3M67
2023Richard M. ElderExecutive Vice President and Chief Financial Officer60$310.0K$441.5K67
2023Sarah J. TolmanExecutive Vice President and Chief Banking Officer47$280.0K$398.2K67
2023Jonathan W. NicholsonExecutive Vice President and Chief Lending Officer54$265.0K$387.7K67
2023Tammy L. PlummerExecutive Vice President and Chief Information Officer60$245.0K$357.1K67

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.906,027$31.5M0.0%+49,938
First Bancorp, Inc /ME/738,401$25.7M10.1%−3,116
Dimensional Fund Advisors LP459,542$16.0M0.0%−162
Vanguard Capital Management LLC436,534$15.2M0.0%+30,386
Manufacturers Life Insurance Company, The375,643$13.1M0.0%−2,391
Geode Capital Management, LLC263,481$9.2M0.0%+23,495
State Street Corp227,618$7.9M0.0%+3,551
Morgan Stanley183,589$6.4M0.0%−5,102
Renaissance Technologies LLC93,357$3.3M0.0%−4,706
Northern Trust Corp85,971$3.0M0.0%+1,516
Goldman Sachs Group Inc75,389$2.6M0.0%−8,594
Vanguard Portfolio Management LLC73,984$2.6M0.0%+12,118
Quantinno Capital Management LP72,004$2.5M0.0%+16,405
Focus Partners Wealth64,329$2.2M0.0%+2,117
Vanguard Fiduciary Trust Co60,156$2.1M0.0%+769
Royal Bank Of Canada51,396$1.8M0.0%−2,118
Bank of New York Mellon Corp49,366$1.7M0.0%+1,499
Bridgeway Capital Management, LLC45,151$1.6M0.0%+10,997
American Century Companies Inc36,697$1.3M0.0%No change
Aqr Capital Management LLC35,710$1.2M0.0%+13,164
Kimelman & Baird, LLC35,625$1.2M0.1%No change
Arrowstreet Capital, Limited Partnership34,286$1.2M0.0%No change
Rhino Investment Partners, Inc32,225$1.1M0.3%−16,360
Charles Schwab Investment Management Inc30,493$1.1M0.0%+2,860
Connor, Clark & Lunn Investment Management Ltd.29,127$1.0M0.0%+1,340

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How First Bancorp, Inc /ME/ is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARFirst Bancorp, Inc /ME/1
  • CIK0000765207
  • Employer ID (EIN)01-040432212
  • Filer statusAccelerated filer not an emerging growth company; not a smaller reporting company; not a shell company12
  • Incorporated inMaine12
  • Fiscal year endsDecember 311
  • Industry code (SIC)6021 National Commercial Banks1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business addressP.O. Box 940, Main Street, Damariscotta, ME 045431
  • Mailing addressP.O. Box 940, Damariscotta, ME 045431
  • Phone20756331951
  • Shares outstanding11,282,340 as of Aug 1, 20269
  • Public float$271.2M as of Jun 30, 202512
  • AuditorBDMP Assurance, LLP, Portland, Maine PCAOB ID 136; it also attests to the company’s internal control over financial reporting12
  • On EDGAR sinceMay 15, 19951
  • Filings1,315 in all: 4 (533), 8-K (293), 5 (198), 10-Q (95), 10-K (31), DEF 14A (28), 3 (22), 13F-HR (21)1
    All 36 form types

    4/A (10), SC 13G/A (10), UPLOAD (10), 10-K/A (7), CORRESP (7), 8-K/A (6), S-8 (6), 5/A (4), ARS (4), 144 (3), 3/A (3), DEFA14A (3), N-PX (3), 424B5 (2), EFFECT (2), S-3 (2), 10-Q/A (1), 13F-NT (1), 13F-NT/A (1), 424B3 (1), 8-A12G (1), DEFR14A (1), S-3/A (1), S-3D (1), S-3DPOS (1), S-4 (1), S-4/A (1), SC 13G (1)

  • Latest filingsAnnual report (10-K) Mar 6, 2026
    Quarterly report (10-Q) Aug 7, 2026
    Proxy statement (DEF 14A) Mar 6, 2026
    Latest 8-K (8-K) Sep 24, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.01 per shareFNLCNASDAQ Global Select Market

From the cover page of the 10-K filed Mar 6, 2026 (Section 12(b) of the Exchange Act).12

Risk factors and legal proceedings

The risks First Bancorp, Inc /ME/ names in Item 1A of its 10-K filed Mar 6, 2026: 34 risks under these headings, as written.12

  • Risk Associated With Our Business
  • Credit Risks
  • We are subject to credit risk and may incur losses if loans are not repaid.
  • Our loan portfolio includes commercial, commercial real estate, and commercial construction loans that may have higher risks than other types of loans.
  • Our Allowance for Credit Losses may be insufficient and require additional provision from earnings.
  • The Maine foreclosure process can be lengthy and add additional losses for the Bank.
  • The Bank is exposed to risk of environmental liabilities with respect to properties to which it takes title.
  • A decline in economic conditions or real estate values in our primary market area could adversely impact results of operations and financial condition.
  • Liquidity & Interest Rate Risks
  • Changes in interest rates have and could continue to adversely affect our net interest income and profitability.
  • The value of our investment portfolio may be negatively affected by changes in interest rates and disruptions in securities markets.
  • Illiquidity could impair our ability to fund operations and jeopardize our financial condition.
The other 25 risks
  • Loss of lower-cost funding sources could lead to margin compression and decrease net interest income.
  • Lack of loan demand may adversely impact net interest income.
  • Operational Risk
  • The soundness of other financial institutions could adversely affect us.
  • Our investment management activities are dependent on the value of investment securities which may lead to revenue fluctuations.
  • We are dependent upon the services of our management team, and if we are unable to retain the services of our management team, our business may suffer.
  • Our internal control systems are inherently limited and may fail or be circumvented.
  • We continually encounter technological change that may be difficult (costly) to keep up with.
  • We are subject to security, transactional and operational risks relating to the use of technology that could damage our reputation and our business.
  • Our information systems may experience an interruption or breach in security.
  • We are subject to claims and litigation that may impact our earnings and/or our reputation.
  • Damage to our reputation could significantly harm our businesses.
  • Our operations and financial performance could be adversely affected by natural disasters. Climate change may exacerbate these risks and introduce additional compliance, strategic, reputational, and/or other types of risks.
  • Our recent results may not be indicative of our future results.
  • Risks Associated With Our Industry
  • We may be adversely affected by volatility in United States and global economic conditions and changes in fiscal,
  • monetary, trade, and regulatory policies.
  • We operate in a highly regulated environment and may be adversely affected by changes in law and regulations.
  • Basel III Capital Rules may increase our capital requirements or otherwise limit future activity.
  • Significant competition in the financial services industry may impact our results.
  • Risks Associated With Our Common Stock
  • There may not be a robust trading market for our common stock.
  • The price of our common stock may fluctuate.
  • The inability to receive dividends from the Bank would negatively affect our ability to pay dividends to shareholders.
  • If we do not manage our capital position strategically, our return on equity could be lower compared to our competitors as a result of our high level of capital.
  • We may issue additional equity securities or engage in other transactions which dilute our book value or affect the priority of the common stock, which may adversely affect the market price of our common stock.
  • Environmental, social and governance oversight may influence stock price and increase compliance costs.
  • Potential acquisitions may disrupt our business and dilute shareholder value.

Legal proceedings

There are no material pending legal proceedings to which the Company or the Bank is a party or to which any of their properties are subject, other than routine litigation incidental to the business of the Bank. None of these proceedings is expected to have a material effect on the financial condition of the Company or of the Bank.

The opening of Item 3, Legal Proceedings.12

Sources

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