Tony McKim - First Bancorp CEO

FNLC Stock  USD 28.57  0.17  0.59%   

CEO

Mr. Tony C. McKim is President, Chief Operating Officer, Executive Vice President, Director of the Company and President, Chief Executive Officer, Chief Operating Officer of the Bank. Prior to the mergers, Mr. McKim was President and Chief Executive Officer of FNB and its subsidiary. In January 2015, Mr. McKim was named President and Chief Executive Officer of the Company and the Bank since 2015.
Age 57
Tenure 9 years
Address 223 Main Street, Damariscotta, ME, United States, 04543
Phone207 563 3195
Webhttps://www.thefirst.com
McKim is involved in several local associations, including Harbor House, The Maine Seacoast Mission, Ellsworth Business Development Corporationrationrationration, Acadian Youth Sports, as well as the Maine Bankers Association.

First Bancorp Management Efficiency

At present, First Bancorp's Return On Assets are projected to increase slightly based on the last few years of reporting. The current year's Return On Equity is expected to grow to 0.13, whereas Return On Capital Employed is forecasted to decline to 0.01. At present, First Bancorp's Non Current Assets Total are projected to increase significantly based on the last few years of reporting. The current year's Non Currrent Assets Other is expected to grow to about 2.3 B, whereas Other Assets are projected to grow to (261.9 M). First Bancorp's management efficiency ratios could be used to measure how well First Bancorp manages its routine affairs as well as how well it operates its assets and liabilities.
First Bancorp currently holds 20.08 M in liabilities with Debt to Equity (D/E) ratio of 8.34, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Note, when we think about First Bancorp's use of debt, we should always consider it together with its cash and equity.

Similar Executives

Found 12 records

CEO Age

Kim LiddellLake Shore Bancorp
63
Matthew DeinesFirst Northwest Bancorp
51
James KimCommunity West Bancshares
48
William HarrodFirst Capital
68
Matthew CPAFirst Northwest Bancorp
51
Christopher GrusekeBankwell Financial Group
64
Benjamin BochnowskiFinward Bancorp
43
Martin PlourdCommunity West Bancshares
65
Joseph IIIFirst Financial Northwest
68
Joseph AdamsFS Bancorp
65
Christopher CourtneyOak Valley Bancorp
61
Daniel ReiningaLake Shore Bancorp
65
The First Bancorp, Inc. operates as the holding company for First National Bank that provides a range of banking products and services to individuals and businesses. The First Bancorp, Inc. was founded in 1864 and is based in Damariscotta, Maine. First Bancorp operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 267 people. First Bancorp (FNLC) is traded on NASDAQ Exchange in USA. It is located in 223 Main Street, Damariscotta, ME, United States, 04543 and employs 271 people. First Bancorp is listed under Regional Banks category by Fama And French industry classification.

Management Performance

First Bancorp Management Team

Elected by the shareholders, the First Bancorp's board of directors comprises two types of representatives: First Bancorp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of First. The board's role is to monitor First Bancorp's management team and ensure that shareholders' interests are well served. First Bancorp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, First Bancorp's outside directors are responsible for providing unbiased perspectives on the board's policies.
Tony McKim, CEO and President Director, CEO of First National Bank and President of First National Bank and Director of First National Bank
Richard Elder, Sr. VP-Retail Services of The First National Bank
Susan Norton, Executive VP of HR, Compliance Officer, Executive VP of HR - First National Bank and Compliance Officer of First National Bank

First Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is First Bancorp a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether First Bancorp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of First Bancorp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of First Bancorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on First Bancorp Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
For information on how to trade First Stock refer to our How to Trade First Stock guide.
You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of First Bancorp. If investors know First will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about First Bancorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.015
Dividend Share
1.42
Earnings Share
2.38
Revenue Per Share
7.084
Quarterly Revenue Growth
0.056
The market value of First Bancorp is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Bancorp's value that differs from its market value or its book value, called intrinsic value, which is First Bancorp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Bancorp's market value can be influenced by many factors that don't directly affect First Bancorp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between First Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Bancorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Bancorp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.