First Bancorp (First Bancorp) Net Margin %

: 33.46% (As of Dec. 2023)

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Net margin is calculated as Net Income divided by its Revenue. First Bancorp's Net Income for the three months ended in Dec. 2023 was $6.68 Mil. First Bancorp's Revenue for the three months ended in Dec. 2023 was $19.96 Mil. Therefore, First Bancorp's net margin for the quarter that ended in Dec. 2023 was 33.46%.

The historical rank and industry rank for First Bancorp's Net Margin % or its related term are showing as below:

FNLC' s Net Margin % Range Over the Past 10 Years
Min: 29.04 Med: 35.7 Max: 42.33
Current: 36.6

FNLC's Net Margin % is ranked better than
77.77% of 1462 companies
in the Banks industry
Industry Median: 25.505 vs FNLC: 36.60

First Bancorp Net Margin % Historical Data

The historical data trend for First Bancorp's Net Margin % 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.

* Premium members only.

First Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Net Margin %

38.28

34.80

42.33

41.91

36.60

First Bancorp Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Net Margin %																39.42	37.88	37.35	37.66	33.46

Competitive Comparison

For the Banks - Regional subindustry, First Bancorp's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

First Bancorp Net Margin % Distribution

For the Banks industry and Financial Services sector, First Bancorp's Net Margin % distribution charts can be found below:

* The bar in red indicates where First Bancorp's Net Margin % falls into.

First Bancorp Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

First Bancorp's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as

Net Margin	=	Net Income (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	29.518	/	80.644
	=	36.60 %

First Bancorp's Net Margin for the quarter that ended in Dec. 2023 is calculated as

Net Margin	=	Net Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	6.679	/	19.96
	=	33.46 %

First Bancorp (NAS:FNLC) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.

First Bancorp Net Margin % Related Terms

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First Bancorp (First Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Bancorp Inc (NAS:FNLC) » Definitions » Net Margin %

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