Estados financieros detallados de The First Bancorp, Inc. (FNLC): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
The First Bancorp, Inc. registró ingresos de $177.6M en el último ejercicio fiscal, con un CAGR de 5 años del 13.3%. El beneficio neto alcanzó $34.4M, con un CAGR a 5 años del 4.9%.
Márgenes de los últimos 12 meses: margen bruto 54.4%, margen operativo 23.8%, margen neto 21.7%. El flujo de caja libre creció a un CAGR del 11.4% en 5 años.
Al precio actual de $35.07, FNLC cotiza a un P/E de 10.27 y un ROE del 13.30%. La capitalización bursátil es de $395M.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $66.3M | $73.4M | $83.1M | $92.8M | $95.2M | $96.5M | $109.9M | $143.6M | $165.4M | $177.6M |
| Coste de Ventas | $12.4M | $15.5M | $21.8M | $27.4M | $23.3M | $10.4M | $18.6M | $64.2M | $85.7M | $84.7M |
| Beneficio Bruto | $53.8M | $57.9M | $61.3M | $65.4M | $71.9M | $86.1M | $91.3M | $79.5M | $79.7M | $92.9M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $16.0M | $17.6M | $18.9M | $18.8M | $21.1M | $22.0M | $24.4M | $23.9M | $26.6M | $36.3M |
| Gastos Operativos | $29.4M | $31.7M | $33.5M | $35.2M | $39.7M | $42.1M | $43.9M | $43.8M | $47.2M | $50.9M |
| Beneficio Operativo | $24.5M | $26.2M | $27.8M | $30.3M | $32.2M | $43.9M | $47.4M | $35.7M | $32.6M | $41.9M |
| EBITDA | $26.2M | $28.1M | $29.6M | $32.2M | $34.5M | $46.0M | $49.4M | $37.8M | $34.8M | $44.1M |
| Gastos por Intereses | $10.8M | $13.5M | $20.3M | $26.2M | $17.3M | $10.8M | $16.9M | $63.0M | $84.9M | $82.9M |
| Beneficio Antes de Impuestos | $24.5M | $26.2M | $27.8M | $30.3M | $32.2M | $43.9M | $47.4M | $35.7M | $32.6M | $41.9M |
| Impuestos | $6.5M | $6.6M | $4.3M | $4.7M | $5.1M | $7.6M | $8.4M | $6.2M | $5.5M | $7.5M |
| Beneficio Neto | $18.0M | $19.6M | $23.5M | $25.5M | $27.1M | $36.3M | $39.0M | $29.5M | $27.0M | $34.4M |
| BPA | $1.68 | $1.82 | $2.18 | $2.36 | $2.50 | $3.33 | $3.57 | $2.68 | $2.45 | $3.10 |
| BPA Diluido | $1.66 | $1.81 | $2.17 | $2.34 | $2.48 | $3.30 | $3.53 | $2.66 | $2.43 | $3.07 |
| Acciones en Circulación (Diluidas) | $10.8M | $10.8M | $10.8M | $10.9M | $10.9M | $11.0M | $11.0M | $11.1M | $11.1M | $11.2M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $45.5M | $45.5M | $39.1M | $44.5M |
| Beneficio Bruto | $23.8M | $25.6M | $20.7M | $24.9M |
| Beneficio Operativo | $11.1M | $12.4M | $6.5M | $11.5M |
| EBITDA | $11.6M | $13.0M | $6.5M | $12.0M |
| Beneficio Neto | $9.1M | $10.2M | $9.0M | $9.6M |
| BPA | $0.82 | $0.92 | $0.81 | $0.86 |
| BPA Diluido | $0.81 | $0.91 | $0.80 | $0.85 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $17.7M | $20.1M | $31.2M | $25.7M | $82.4M | $87.3M | $26.4M | $35.4M | $49.7M | $31.9M |
| Inversiones a Corto | $300.4M | $297.2M | $317.4M | $360.5M | $313.4M | $320.6M | $284.5M | $282.1M | $274.7M | $264.5M |
| Cuentas por Cobrar | $5.5M | $5.9M | $6.7M | $7.2M | $9.3M | $7.5M | $9.8M | $11.9M | $14.0M | $14.2M |
| Inventario | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $323.6M | $323.1M | $355.3M | $393.4M | $405.0M | $415.4M | $320.8M | $329.4M | $338.4M | $310.6M |
| Inmovilizado Material | $22.2M | $22.5M | $22.1M | $21.3M | $27.3M | $28.9M | $28.3M | $28.7M | $27.9M | $28.8M |
| Fondo de Comercio | $29.8M | $29.8M | $29.8M | $29.8M | $30.6M | $30.6M | $30.6M | $30.6M | $30.6M | $30.6M |
| Activos Intangibles | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Totales | $1.71B | $1.84B | $1.95B | $2.07B | $2.36B | $2.53B | $2.74B | $2.95B | $3.16B | $3.17B |
| Cuentas por Pagar | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deuda a Corto | $158.8M | $113.6M | $145.2M | $174.8M | $206.9M | $81.3M | $103.4M | $69.7M | $51.3M | $92.3M |
| Pasivos Corrientes | $1.40B | $1.53B | $1.67B | $1.83B | $2.05B | $2.20B | $2.48B | $2.67B | $2.78B | $2.76B |
| Deuda a Largo | $120.1M | $115.1M | $65.1M | $10.1M | $55.1M | $55.1M | $84000 | 0 | $95.0M | $95.5M |
| Pasivos Totales | $1.54B | $1.66B | $1.75B | $1.86B | $2.14B | $2.28B | $2.51B | $2.70B | $2.90B | $2.88B |
| Reservas | $111.7M | $120.8M | $132.5M | $144.8M | $158.4M | $180.4M | $204.3M | $211.9M | $222.8M | $240.5M |
| Patrimonio Neto | $172.5M | $181.3M | $191.5M | $212.5M | $223.7M | $245.7M | $228.9M | $243.1M | $252.5M | $283.1M |
| Deuda Total | $278.9M | $228.8M | $210.3M | $185.0M | $262.0M | $136.3M | $103.5M | $69.7M | $146.3M | $187.8M |
| Deuda Neta | -$39.2M | -$91.5M | -$138.3M | -$201.3M | -$133.7M | -$271.5M | -$207.4M | -$247.8M | -$178.1M | -$108.6M |
| Capital Circulante | -$1.08B | -$1.21B | -$1.32B | -$1.43B | -$1.65B | -$1.79B | -$2.16B | -$2.34B | -$2.44B | -$2.45B |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $38.8M | $31.9M | $23.6M | $29.8M |
| Activos Totales | $3.20B | $3.17B | $3.20B | $3.22B |
| Pasivos Totales | $2.92B | $2.88B | $2.91B | $2.92B |
| Patrimonio Neto | $274.6M | $283.1M | $286.8M | $293.0M |
| Deuda Total | $153.0M | $187.8M | $195.8M | $214.1M |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | $18.0M | $19.6M | $23.5M | $25.5M | $27.1M | $36.3M | $39.0M | $29.5M | $27.0M | $34.4M |
| Amortizaciones | $1.7M | $1.9M | $1.8M | $1.9M | $2.2M | $2.0M | $2.0M | $2.1M | $2.2M | $2.2M |
| Compensación en Acciones | $298000 | $392000 | $381000 | $565000 | $652000 | $856000 | $809000 | $820000 | $895000 | $966000 |
| Cambio en Capital Circulante | -$1.8M | -$6.8M | $5.0M | -$4.9M | -$8.4M | $9.3M | -$4.0M | $3.9M | -$6.3M | -$3.5M |
| Flujo de Caja Operativo | $21.2M | $22.3M | $33.8M | $26.1M | $22.7M | $56.7M | $41.2M | $36.9M | $26.0M | $37.8M |
| Inversiones (CapEx) | -$2.1M | -$2.5M | -$1.5M | -$1.6M | -$2.5M | -$3.8M | -$1.4M | -$2.6M | -$1.5M | -$3.2M |
| Adquisiciones | 0 | 0 | 0 | 0 | -$6.1M | 0 | 0 | 0 | 0 | 0 |
| Recompra de Acciones | -$129000 | -$154000 | -$168000 | -$183000 | -$156000 | -$253000 | -$277000 | -$250000 | -$212000 | -$282000 |
| Dividendos Pagados | -$9.8M | -$11.5M | -$12.1M | -$13.0M | -$13.3M | -$13.9M | -$14.8M | -$15.4M | -$15.8M | -$16.3M |
| Flujo de Caja Libre | $19.1M | $19.7M | $32.4M | $24.5M | $20.2M | $52.9M | $39.8M | $34.3M | $24.6M | $34.6M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $12.9M | $15.4M | $22.8M | -$12.8M |
| Inversiones (CapEx) | -$299000 | -$1.4M | -$526000 | -$189000 |
| Flujo de Caja Libre | $12.6M | $13.9M | $22.2M | -$13.0M |
| Dividendos Pagados | -$4.1M | -$4.2M | -$4.0M | -$4.3M |
| Compensación en Acciones | $254000 | $202000 | $306000 | 0 |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +10.7% | +13.3% | +11.7% | +2.6% | +1.3% | +13.9% | +30.7% | +15.2% | +7.4% |
| Crecimiento Beneficio Neto (anual) | | +8.8% | +20.2% | +8.5% | +6.3% | +33.7% | +7.5% | -24.3% | -8.4% | +27.2% |
| Crecimiento BPA (anual) | | +8.3% | +19.8% | +8.3% | +5.9% | +33.2% | +7.2% | -24.9% | -8.6% | +26.5% |
| Cambio en Acciones (anual) | | -0.2% | +0.2% | +0.4% | +0.4% | +0.5% | +0.4% | +0.5% | +0.5% | +0.7% |
| Crecimiento FCF (anual) | | +3.6% | +63.9% | -24.3% | -17.7% | +162.6% | -24.8% | -13.9% | -28.3% | +40.8% |
| Margen Bruto | 81.3% | 78.8% | 73.7% | 70.5% | 75.5% | 89.2% | 83.1% | 55.3% | 48.2% | 52.3% |
| Margen Operativo | 36.9% | 35.7% | 33.5% | 32.6% | 33.9% | 45.5% | 43.1% | 24.9% | 19.7% | 23.6% |
| Margen EBITDA | 39.6% | 38.2% | 35.6% | 34.7% | 36.2% | 47.6% | 44.9% | 26.3% | 21.0% | 24.9% |
| Margen Neto | 27.2% | 26.7% | 28.3% | 27.5% | 28.5% | 37.6% | 35.5% | 20.6% | 16.3% | 19.4% |
| Margen FCF | 28.8% | 26.9% | 38.9% | 26.4% | 21.2% | 54.9% | 36.2% | 23.9% | 14.9% | 19.5% |
| Tasa Impositiva Efectiva | 26.4% | 25.2% | 15.5% | 15.6% | 15.9% | 17.4% | 17.7% | 17.3% | 17.0% | 18.0% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $1.76 | $1.82 | $2.98 | $2.25 | $1.84 | $4.82 | $3.61 | $3.09 | $2.21 | $3.09 |
| Dividendo por Acción | $0.90 | $1.06 | $1.11 | $1.19 | $1.22 | $1.27 | $1.34 | $1.39 | $1.42 | $1.46 |
| Acciones en Circulación (Básicas) | $10.7M | $10.8M | $10.8M | $10.8M | $10.9M | $10.9M | $10.9M | $11.0M | $11.1M | $11.1M |
Qué mirar en empresas de Financial Services
- Efficiency Ratio (≤55%) — Gastos operativos / ingresos. Bancos top por debajo del 55%.
- ROA (≥1%) — Cuánto ganan por cada euro de activos. En banca el ROE engaña por el apalancamiento.
- ROTCE (≥12%) — Rentabilidad sobre Capital Tangible. Descuenta goodwill e intangibles.
- Capital / Activos (proxy Tier 1) (≥8%) — Proxy del ratio de capital. FMP no expone Tier 1 regulatorio directo.
- P/B (1,0-1,5x) — Métrica clásica bancaria. <1x puede ser oportunidad o distress.
- Rentabilidad por dividendo sostenible (≥2%, <8%) — Bancos UE pagan 5-7% sin estrés. >8% es señal de distress.
Rentabilidad
| Rentabilidad sobre capital | 13.30% |
| Rentabilidad sobre capital invertido | 6.37% |
| Rentabilidad sobre activos | 1.18% |
| Margen bruto | 54.41% |
| Margen operativo | 23.76% |
| Margen neto | 21.66% |
Salud financiera
| Deuda / Patrimonio | 0.73 |
| Ratio corriente | 0.02 |
| Piotroski F-Score | 6 |
| Altman Z-Score | -0.66 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | 19.70 | 14.96 | 12.06 | 12.81 | 10.16 | 9.43 | 8.39 | 10.53 | 11.16 | 8.53 |
| P/VC | 2.06 | 1.62 | 1.48 | 1.54 | 1.23 | 1.39 | 1.43 | 1.28 | 1.20 | 1.03 |
| P/V | 5.36 | 3.99 | 3.42 | 3.52 | 2.90 | 3.55 | 2.98 | 2.16 | 1.83 | 1.65 |
| Margen Bruto | 81.3% | 78.8% | 73.7% | 70.5% | 75.5% | 89.2% | 83.1% | 55.3% | 48.2% | 52.3% |
| Margen Operativo | 36.9% | 35.7% | 33.5% | 32.6% | 33.9% | 45.5% | 43.1% | 24.9% | 19.7% | 23.6% |
| Margen Neto | 27.2% | 26.7% | 28.3% | 27.5% | 28.5% | 37.6% | 35.5% | 20.6% | 16.3% | 19.4% |