First Bancorp (FNLC) Revenue & Revenue Breakdown

OverviewOwnership Financials Chart

First Bancorp Revenue Highlights

Latest Revenue (Y)

$143.61M

Latest Revenue (Q)

$42.41M

Main Segment (Y)

Debit Card

First Bancorp Revenue by Period

First Bancorp Revenue by Year

Date	Revenue	Change
2023-12-31	$143.61M	54.35%
2022-12-31	$93.04M	8.58%
2021-12-31	$85.69M	9.92%
2020-12-31	$77.95M	16.90%
2019-12-31	$66.68M	6.17%
2018-12-31	$62.81M	4.94%
2017-12-31	$59.85M	7.94%
2016-12-31	$55.45M	4.29%
2015-12-31	$53.17M	4.98%
2014-12-31	$50.65M	2.26%
2013-12-31	$49.53M	-1.26%
2012-12-31	$50.16M	-4.90%
2011-12-31	$52.74M	6.07%
2010-12-31	$49.72M	-11.85%
2009-12-31	$56.41M	19.13%
2008-12-31	$47.35M	12.79%
2007-12-31	$41.98M	2.59%
2006-12-31	$40.92M	0.75%
2005-12-31	$40.62M	55.20%
2004-12-31	$26.17M	14.32%
2003-12-31	$22.89M	3.80%
2002-12-31	$22.05M	16.51%
2001-12-31	$18.93M	20.28%
2000-12-31	$15.74M	7.05%
1999-12-31	$14.70M	12.21%
1998-12-31	$13.10M	666.98%
1997-12-31	$1.71M	21.48%
1996-12-31	$1.41M	23.77%
1995-12-31	$1.14M	-

First Bancorp generated $143.61M in revenue during NA 2023, up 54.35% compared to the previous quarter, and up 228.65% compared to the same period a year ago.

First Bancorp Revenue by Quarter

Date	Revenue	Change
2024-09-30	$42.41M	4.16%
2024-06-30	$40.72M	5.98%
2024-03-31	$38.42M	-1.31%
2023-12-31	$38.93M	96.17%
2023-09-30	$19.84M	0.20%
2023-06-30	$19.80M	-5.89%
2023-03-31	$21.04M	-9.80%
2022-12-31	$23.33M	-3.11%
2022-09-30	$24.08M	5.71%
2022-06-30	$22.78M	-0.32%
2022-03-31	$22.85M	1.59%
2021-12-31	$22.50M	5.19%
2021-09-30	$21.39M	3.64%
2021-06-30	$20.63M	-2.54%
2021-03-31	$21.17M	4.96%
2020-12-31	$20.17M	3.18%
2020-09-30	$19.55M	2.40%
2020-06-30	$19.09M	-0.25%
2020-03-31	$19.14M	10.46%
2019-12-31	$17.33M	3.39%
2019-09-30	$16.76M	1.23%
2019-06-30	$16.55M	3.19%
2019-03-31	$16.04M	-1.26%
2018-12-31	$16.25M	4.35%
2018-09-30	$15.57M	0.78%
2018-06-30	$15.45M	-0.59%
2018-03-31	$15.54M	0.80%
2017-12-31	$15.42M	-0.19%
2017-09-30	$15.45M	5.32%
2017-06-30	$14.67M	2.43%
2017-03-31	$14.32M	3.78%
2016-12-31	$13.80M	-1.43%
2016-09-30	$14.00M	0.29%
2016-06-30	$13.96M	1.93%
2016-03-31	$13.69M	2.13%
2015-12-31	$13.41M	-0.58%
2015-09-30	$13.49M	4.45%
2015-06-30	$12.91M	-3.35%
2015-03-31	$13.36M	5.62%
2014-12-31	$12.65M	-7.40%
2014-09-30	$13.66M	11.12%
2014-06-30	$12.29M	2.08%
2014-03-31	$12.04M	-1.77%
2013-12-31	$12.26M	1.11%
2013-09-30	$12.13M	-4.44%
2013-06-30	$12.69M	1.92%
2013-03-31	$12.45M	1.93%
2012-12-31	$12.21M	0.44%
2012-09-30	$12.16M	-11.96%
2012-06-30	$13.81M	15.37%
2012-03-31	$11.97M	-21.22%
2011-12-31	$15.20M	23.49%
2011-09-30	$12.31M	-1.20%
2011-06-30	$12.46M	-2.54%
2011-03-31	$12.78M	-1.44%
2010-12-31	$12.97M	5.27%
2010-09-30	$12.32M	0.66%
2010-06-30	$12.24M	0.35%
2010-03-31	$12.20M	-16.22%
2009-12-31	$14.56M	5.55%
2009-09-30	$13.79M	-4.22%
2009-06-30	$14.40M	5.42%
2009-03-31	$13.66M	10.00%
2008-12-31	$12.42M	-0.50%
2008-09-30	$12.48M	8.89%
2008-06-30	$11.46M	4.25%
2008-03-31	$10.99M	-

First Bancorp generated $42.41M in revenue during Q3 2024, up 4.16% compared to the previous quarter, and up 214.13% compared to the same period a year ago.

First Bancorp Revenue Breakdown

First Bancorp Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Deposit Account	$1.89M	$1.82M	$1.57M	$1.65M	$2.33M
Mortgage Banking	$813.00K	$1.42M	$5.24M	$5.08M	$1.91M
Fiduciary and Trust	$4.65M	$4.60M	$4.53M	$3.66M	$3.32M
Debit Card	$5.38M	$6.35M	$5.21M	-	-

First Bancorp's latest annual revenue breakdown by segment (product or service), as of Dec 23: Debit Card (42.27%), Fiduciary and Trust (36.54%), Deposit Account (14.81%), and Mortgage Banking (6.38%).

Quarterly Revenue by Product

Product/Service	Sep 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
Mortgage Banking	$193.00K	$130.00K	$202.00K	$224.00K	$195.00K	$192.00K	$190.00K	$356.00K	$380.00K	$498.00K	$885.00K	$1.03M	$1.35M	$1.97M	$1.28M	$1.91M	$1.38M	$504.00K	$682.00K	$576.00K
Fiduciary and Trust	$1.23M	$1.19M	$1.14M	$1.16M	$1.21M	$1.15M	$1.09M	$1.09M	$1.23M	$1.20M	$1.18M	$1.14M	$1.15M	$1.06M	$948.00K	$909.00K	$909.00K	$894.00K	$859.00K	$822.00K
Deposit Account	$511.00K	$499.00K	$488.00K	$465.00K	$497.00K	$437.00K	$467.00K	$454.00K	$467.00K	$437.00K	$436.00K	$413.00K	$382.00K	$337.00K	$391.00K	$375.00K	$305.00K	$577.00K	$583.00K	$577.00K
Debit Card	$1.36M	$1.19M	$1.54M	$1.37M	$1.29M	$1.19M	$1.46M	$2.13M	$1.33M	$1.43M	$1.33M	$1.33M	-	-	-	-	-	-	-	-

First Bancorp's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Debit Card (41.35%), Fiduciary and Trust (37.32%), Deposit Account (15.48%), and Mortgage Banking (5.85%).

First Bancorp Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
BWFG	Bankwell Financial Group	$193.30M	$46.36M
FSBW	FS Bancorp	$187.78M	$47.04M
FNLC	First Bancorp	$143.61M	$42.41M
FNWB	First Northwest Bancorp	$104.92M	$28.21M
FNWD	Finward Bancorp	$96.53M	$22.47M
OVLY	Oak Valley Bancorp	$87.34M	$19.50M
FFNW	First Financial Northwest	$80.93M	$20.09M
NKSH	National Bankshares	$68.16M	$18.67M
CWBC	Community West Bancshares	$61.39M	$27.26M
FCAP	First Capital	$51.24M	$15.02M
HMNF	HMN Financial	$43.48M	$14.79M
LSBK	Lake Shore Bancorp	$36.39M	$9.64M
HFBL	Home Federal Bancorp, Inc. of Louisiana	$33.45M	$8.04M
OFED	Oconee Federal Financial	$16.61M	$3.21M

FNLC Revenue FAQ

What is First Bancorp’s yearly revenue?

First Bancorp's yearly revenue for 2023 was $143.61M, representing an increase of 54.35% compared to 2022. The company's yearly revenue for 2022 was $93.04M, representing an increase of 8.58% compared to 2021. FNLC's yearly revenue for 2021 was $85.69M, representing an increase of 9.92% compared to 2020.

What is First Bancorp’s quarterly revenue?

First Bancorp's quarterly revenue for Q3 2024 was $42.41M, a 4.16% increase from the previous quarter (Q2 2024), and a 113.70% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $40.72M, a 5.98% increase from the previous quarter (Q1 2024), and a 105.58% increase year-over-year (Q2 2023). FNLC's quarterly revenue for Q1 2024 was $38.42M, a -1.31% decrease from the previous quarter (Q4 2023), and a 82.56% increase year-over-year (Q1 2023).

What is First Bancorp’s revenue growth rate?

First Bancorp's revenue growth rate for the last 3 years (2021-2023) was 67.60%, and for the last 5 years (2019-2023) was 115.37%.

What are First Bancorp’s revenue streams?

First Bancorp's revenue streams in c 23 are Deposit Account, Mortgage Banking, Fiduciary and Trust, and Debit Card. Deposit Account generated $1.89M in revenue, accounting 14.81% of the company's total revenue, up 3.40% year-over-year. Mortgage Banking generated $813K in revenue, accounting 6.38% of the company's total revenue, down -42.91% year-over-year. Fiduciary and Trust generated $4.65M in revenue, accounting 36.54% of the company's total revenue, up 1.17% year-over-year. Debit Card generated $5.38M in revenue, accounting 42.27% of the company's total revenue, down -15.19% year-over-year.

What is First Bancorp’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of First Bancorp was Debit Card. This segment made a revenue of $5.38M, representing 42.27% of the company's total revenue.