When a company such as First Bancorp splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.

Looking at the FNLC split history from start to finish, an original position size of 1000 shares would have turned into 3000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into First Bancorp shares, starting with a $10,000 purchase of FNLC, presented on a split-history-adjusted basis factoring in the complete FNLC split history.

About First Bancorp

First Bancorp is a financial holding company. Through its subsidiary, First National Bank (the Bank), Co. provides a variety of services, including deposit accounts and consumer, commercial and mortgage loans. In addition to banking services, Co. provides investment management and private banking services through First National Wealth Management, which is an operating division of the Bank. First National Wealth Management is able to provide an array of private banking, financial planning, investment management and trust services to individuals, businesses, non-profit organizations and municipalities of varying asset size, and to provide the personal service. According to our FNLC split history records, First Bancorp has had 1 split.

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