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First Bancorp FNLC Valuation allowance on impaired financing receivable

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Other financials

Income statement

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Revenue$25.8M+14.6%
Net income$9.6M+18.6%
EPS (diluted)$0.85+18.1%

Balance sheet

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Cash & equivalents$29.8M+8.8%
Total debt$214.1M+9.1%
Total equity$293.0M+10.3%
Total assets$3.2B+0.5%

Cash flow

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Operating cash flow$22.8M+945%
CapEx$189.0K+40.0%
Free cash flow$22.2M+2,587%

Valuation

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Market cap$398.25M+41.3%
Enterprise value$582.56M+29.2%
P/E10.5×+1.1×
P/S3.9×+0.7×

Profitability

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Net margin37.3%+2.8pp
FCF margin57.1%+24.5pp

Returns & leverage

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Return on equity13.5%+1.8pp
Debt / equity0.7×0.0×

Where this comes from

Reported directly by First Bancorp in its filing.

Tagged under the XBRL concept fnlc:ImpairedFinancingReceivableRelatedAllowanceMeasuredatFairValue.

The source filing: First Bancorp’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 10:18 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000765207-26-000106

The following tables include assets measured at fair value on a nonrecurring basis that have had a fair value adjustment since their initial recognition. Mortgage servicing rights are presented at fair value with no impairment reserve for each of the periods presented. There was no OREO or related allowance at June 30, 2026, December 31, 2025 and June 30, 2025. Only collateral-dependent IAL with a related specific ACL or a partial charge off are included in IAL for purposes of fair value disclosures. IAL below are presented net of specific allowances of $2,325,000, $2,740,000 and $326,000 at June 30, 2026 December 31, 2025 and June 30, 2025, respectively:

Item 1 – Financial Statements

FAQ

What is First Bancorp's valuation allowance on impaired financing receivable?
First Bancorp (FNLC) reported valuation allowance on impaired financing receivable of $2.33M in Q2 2026.
How has First Bancorp's valuation allowance on impaired financing receivable changed year-over-year?
First Bancorp's valuation allowance on impaired financing receivable increased by 613.2% year-over-year, from $326K to $2.33M.
What does valuation allowance on impaired financing receivable mean?
Valuation allowance on impaired financing receivable as reported by First Bancorp, Inc. (ME).

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