FNLC First Bancorp PE ratio, current and historical analysis
The price-to-earnings ratio for First Bancorp stock stands at 10.89 as of Sep 6, 2024. This is calculated based on the current EPS of $2.39 and the stock price of $26.03 per share. An increase of 12% has been recorded in the P/E ratio compared to the average of 9.7 of the last 4 quarters.
FNLC PE ratio history
Over the last ten years, the average PE ratio of First Bancorp has been 11.71. The current 10.89 PE ratio is 7% 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 | Change |
|---|---|---|
| 2023 | 10.53 | 25.21% |
| 2022 | 8.41 | -10.82% |
| 2021 | 9.43 | -7.19% |
| 2020 | 10.16 | -20.69% |
| 2019 | 12.81 | 6.22% |
| 2018 | 12.06 | -19.39% |
| 2017 | 14.96 | -24.06% |
| 2016 | 19.7 | 46.25% |
| 2015 | 13.47 | 2.75% |
| 2014 | 13.11 | -9.71% |
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 INDB and CAC, but it is greater than WBS's and EBTC's. First Bancorp's current PE ratio of 10.89 is below the average of its peers, which is 11.19.
| Stock name | PE ratio | Market cap |
|---|---|---|
| WBS Webster Financial Corp | 9.43 | $7.45B |
| EBTC Enterprise Bancorp Inc | 10.24 | $367.76M |
| FNLC First Bancorp Inc | 10.89 | $290.08M |
| BHB Bar Harbor Bankshares | 11.06 | $457.71M |
| WASH Washington Trust Bancorp Inc | 11.7 | $534.95M |
| INDB Independent Bank Corp | 12.07 | $2.55B |
| CAC Camden National Corp | 12.64 | $550.63M |
Frequently asked questions
What is First Bancorp's PE ratio?
The price to earnings ratio for FNLC stock as of Sep 6, 2024, stands at 10.89.
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 8.88.
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 9.44.
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 7% lower than the 10-year historical average.
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 (Sep 6, 2024), First Bancorp's stock price is $26.03. The earnings per share for the trailing twelve months (TTM) ending Jun 2024 is $2.39. Therefore, First Bancorp's P/E ratio for today is 10.89. PE RATIO(10.89) = STOCK PRICE($26.03) / TTM EPS($2.39)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.