FNLC First Bancorp PE ratio, current and historical analysis
The price-to-earnings ratio for First Bancorp stock stands at 9.6 as of Apr 21, 2025. This is calculated based on the current EPS of $2.45 and the stock price of $23.52 per share. A decrease of 9% has been recorded in the P/E ratio compared to the average of 10.6 of the last 4 quarters.
FNLC PE ratio history
Over the last ten years, the average PE ratio of First Bancorp has been 11.63. The current 9.6 PE ratio is 17% below the historical average. In the past ten years, FNLC's PE ratio was at its highest in the Dec 2016 quarter at 19.7, with a price of $33.1 and an EPS of $1.68. The Mar 2023 quarter recorded the bottom point at 7.64, with a price of $25.89 and an EPS of $3.39.
First Bancorp PE ratio by year
Maximum annual increase: 46.25% in 2016
Maximum annual decrease: -24.06% in 2017
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2024 | 11.16 | 5.98% | $27.35 | $2.45 |
| 2023 | 10.53 | 25.21% | $28.22 | $2.68 |
| 2022 | 8.41 | -10.82% | $29.94 | $3.56 |
| 2021 | 9.43 | -7.19% | $31.4 | $3.33 |
| 2020 | 10.16 | -20.69% | $25.4 | $2.5 |
| 2019 | 12.81 | 6.22% | $30.23 | $2.36 |
| 2018 | 12.06 | -19.39% | $26.3 | $2.18 |
| 2017 | 14.96 | -24.06% | $27.23 | $1.82 |
| 2016 | 19.7 | 46.25% | $33.1 | $1.68 |
| 2015 | 13.47 | 2.75% | $20.47 | $1.52 |
| 2014 | 13.11 | -9.71% | $18.09 | $1.38 |
| 2013 | 14.52 | 7.56% | $17.42 | $1.2 |
| 2012 | 13.5 | 0.15% | $16.47 | $1.22 |
| 2011 | 13.48 | -6.06% | $15.37 | $1.14 |
| 2010 | 14.35 | 13.53% | $15.79 | $1.1 |
First Bancorp PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Dec 2024 | 11.16 | 1.73% | $27.35 | $2.45 |
| Sep 2024 | 10.97 | 5.48% | $26.32 | $2.4 |
| Jun 2024 | 10.4 | 5.48% | $24.85 | $2.39 |
| Mar 2024 | 9.86 | -6.36% | $24.64 | $2.5 |
| Dec 2023 | 10.53 | 30.32% | $28.22 | $2.68 |
| Sep 2023 | 8.08 | 4.53% | $23.5 | $2.91 |
| Jun 2023 | 7.73 | 1.18% | $24.34 | $3.15 |
| Mar 2023 | 7.64 | -9.16% | $25.89 | $3.39 |
| Dec 2022 | 8.41 | 9.93% | $29.94 | $3.56 |
| Sep 2022 | 7.65 | -10.84% | $27.55 | $3.6 |
| Jun 2022 | 8.58 | -2.72% | $30.13 | $3.51 |
| Mar 2022 | 8.82 | -6.47% | $30.08 | $3.41 |
| Dec 2021 | 9.43 | 0.32% | $31.4 | $3.33 |
| Sep 2021 | 9.4 | -6.84% | $29.14 | $3.1 |
| Jun 2021 | 10.09 | -5.96% | $29.45 | $2.92 |
FNLC average PE ratio chart
Currently, FNLC's PE ratio is greater than its 3 and 5-year historical averages, but it is lower than the 10-year average.
FNLC PE vs peers
FNLC's PE ratio is lower than its peer stocks WBS and INDB. First Bancorp's current PE ratio of 9.6 is below the average of its peers, which is 10.68.
| Stock name | PE ratio | Market cap |
|---|---|---|
| FNLC First Bancorp Inc | 9.6 | $263.32M |
| BHB Bar Harbor Bankshares | 9.81 | $429.65M |
| WBS Webster Financial Corp | 10.17 | $7.63B |
| CAC Camden National Corp | 10.28 | $629.39M |
| EBTC Enterprise Bancorp Inc | 11.04 | $430.33M |
| INDB Independent Bank Corp | 12.08 | $2.33B |
| WASH Washington Trust Bancorp Inc | N/A | $505.81M |
Frequently asked questions
What is First Bancorp's PE ratio?
The price to earnings ratio for FNLC stock as of Apr 21, 2025, stands at 9.6.
What is the 3-year average PE ratio for First Bancorp (FNLC)?
As an average over the last 3 years, FNLC stock has a PE ratio of 9.18.
What is the 5-year average PE ratio for First Bancorp (FNLC)?
As an average over the last 5 years, FNLC stock has a PE ratio of 9.32.
What is the highest PE ratio for FNLC?
The highest quarterly PE ratio in the last ten years has been 19.7 and it was in the Dec 2016 quarter.
How does the current PE ratio for FNLC compare to its historical average?
The current price to earnings ratio of FNLC is 17% lower than the 10-year historical average.
Why is First Bancorp's PE ratio so low?
FNLC's PE ratio of 9.6 is considered low because the company's stock price is trading at a lower multiple of earnings.
How is FNLC's PE ratio calculated (First Bancorp PE ratio formula)?
The PE ratio is calculated by dividing the most recent price of a stock by its trailing twelve months EPS. As of today (Apr 21, 2025), First Bancorp's stock price is $23.52. The earnings per share for the trailing twelve months (TTM) ending Dec 2024 is $2.45. Therefore, First Bancorp's P/E ratio for today is 9.6. PE RATIO(9.6) = STOCK PRICE($23.52) / TTM EPS($2.45)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.