First Bancorp (First Bancorp) Interest Expense : $-71.64 Mil (TTM As of Dec. 2023)

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What is First Bancorp Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. First Bancorp's interest expense for the three months ended in Dec. 2023 was $ -18.97 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-71.64 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. First Bancorp's Operating Income for the three months ended in Dec. 2023 was $ Mil. First Bancorp's Interest Expense for the three months ended in Dec. 2023 was $ Mil. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

First Bancorp Interest Expense Historical Data

The historical data trend for First Bancorp's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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First Bancorp Interest Expense Chart

First Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-26.16

-17.29

-10.78

-16.87

-62.97

First Bancorp Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-11.44	-15.26	-17.30	-18.97	-20.11

First Bancorp Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-71.64 Mil.

First Bancorp (First Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Bancorp Inc (NAS:FNLC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

223 Main Street, Damariscotta, ME, USA, 04543

Website

https://www.thefirst.com

First Bancorp Inc is a Damariscotta-based bank holding company providing a range of retail and commercial banking services including deposit accounts and consumer, commercial and mortgage loans. The company provides investment management and private banking services through an operating division of the bank. Its revenues are generally derived from dividends paid to the company by the bank.

Executives

Stuart G Smith	director	P O BOX 940, DAMARISCOTTA ME 045430940
Robert B Gregory	director	P O BOX 940, DAMARISCOTTA ME 045430940
Sarah Tolman	officer: EVP - CBO	PO BOX 940, DAMARISCOTTA ME 04543
Kimberly Swan	director	PO BOX 940, DAMARISCOTTA ME 04543
Susan A Norton	officer: VP - HR and Compliance	P O BOX 940, DAMARISCOTTA ME 045430940
Mark N Rosborough	director	PO BOX 940, DAMARISCOTTA ME 04543
Renee W Kelly	director	PO BOX 940, DAMARISCOTTA ME 04543
Russell Cornelius J	director	PO BOX 940, DAMARISCOTTA MD 04543
Jonathan W Nicholson	officer: EVP - Chief Lending Officer	PO BOX 940, DAMARISCOTTA ME 04543
Tony C Mckim	director, officer: President & CEO	PO BOX 940, DAMARISCOTTA ME 04543
Peter C Nicholson	officer: EVP - Chief Fiduciary Officer	PO BOX 940, DAMARISCOTTA ME 04543
Tammy L Plummer	officer: EVP - CIO	PO BOX 940, DAMARISCOTTA ME 04543
Charles A Wooton	officer: Clerk, SVP - Banking Services	P O BOX 940, DAMARISCOTTA ME 045430940
Steven Parady	officer: Chief Fiduciary Officer	PO BOX 940, DAMARISCOTTA ME 04543
Katherine M Boyd	director	P O BOX 940, DAMARISCOTTA ME 045430940