First National Lincoln Corp Second Quarter Earnings Sneak Peek

First National Lincoln Corp (NASDAQ:FNLC) will unveil its latest earnings on Monday, July 18, 2011. The First Bancorp, Inc., through its wholly-owned subsidiary, provides a range of banking services to individual and corporate customers from fourteen offices in coastal Maine.

First National Lincoln Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 34 cents per share, a rise of 17.2% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 33 cents. For the year, analysts are projecting net income of $1.37 per share, a rise of 24.5% from last year.

Past Earnings Performance: The company has missed estimates in the last two quarters. In the first quarter, it missed the mark by 4 cents as a result of reporting profit of 29 cents against an estimate of net income of 33 cents per share. In the fourth quarter of the last fiscal year, the company fell short of forecasts by 5 cents.

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Key Stats:

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 17.1% while it rose 15.6% in the fourth quarter of the last fiscal year and 10.6% in the third quarter of the last fiscal year.

A year-over-year revenue increase in the first quarter snaps a streak of three consecutive quarters of revenue declines. Revenue rose 1.4% in the first quarter and fell 9.4% in the fourth quarter of the last fiscal year, 8.6% in the third quarter of the last fiscal year and 14.1% in the second quarter of the last fiscal year.

Competitors to Watch: Camden National Corp. (NASDAQ:CAC), Bar Harbor Bankshares (AMEX:BHB), KeyCorp (NYSE:KEY), Southern Connecticut Bancorp Inc. (AMEX:SSE), Webster Financial Corp. (NYSE:WBS), Patriot National Bancorp (NASDAQ:PNBK), Washington Trust Bancorp (NASDAQ:WASH), Boston Pvt. Financial Hldgs. Inc (NASDAQ:BPFH), and Enterprise Bancorp, Inc (NASDAQ:EBTC).

Stock Price Performance: During June 13, 2011 to July 12, 2011, the stock price had risen $1.15 (8.4%) from $13.64 to $14.79. The stock price saw one of its best stretches over the last year between April 6, 2011, and April 14, 2011, when shares rose for seven-straight days, rising 11.4% (+$1.58) over that span. Shares have been on a negative streak of late, closing down every day between July 11, 2011 and July 12, 2011. Shares are down 41 cents (-2.7%) year to date.

(Source: Xignite Financials)

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