Financial Services -
Banks - Regional - NASDAQ - US
$ 36.25
0.11 %
$ 1.5 B
Market Cap
19.7
P/E
1. INTRINSIC VALUE
Balance Sheet
First Bancorp
| Current Assets | 2.16 B |
| Cash & Short-Term Investments | 2.12 B |
| Receivables | 36.3 M |
| Other Current Assets | 0 |
| Non-Current Assets | 645 M |
| Long-Term Investments | 0 |
| PP&E | 143 M |
| Other Non-Current Assets | 502 M |
| Current Liabilities | 4.6 M |
| Accounts Payable | 4.6 M |
| Short-Term Debt | 0 |
| Other Current Liabilities | 0 |
| Non-Current Liabilities | 14.6 M |
| Long-Term Debt | 14.6 M |
| Other Non-Current Liabilities | 0 |
EFFICIENCY
Earnings Waterfall
First Bancorp
| Revenue | 519 M |
| Cost Of Revenue | 0 |
| Gross Profit | 519 M |
| Operating Expenses | 350 M |
| Operating Income | -303 M |
| Other Expenses | -379 M |
| Net Income | 76.2 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
First Bancorp
| Net Income | 76.2 M |
| Depreciation & Amortization | 7.26 M |
| Capital Expenditures | 0 |
| Stock-Based Compensation | 4.92 M |
| Change in Working Capital | 193 K |
| Others | 86.4 M |
| Free Cash Flow | 175 M |
Wall Street Analysts Price Targets
First Bancorp
Wall Street analysts predict an average 1-year price target for FBNC of $44.6 , with forecasts ranging from
a
low of
$40 to a high of $48 .
FBNC Lowest Price Target
Wall Street Target
40 USD
10.34%
FBNC Average Price Target
Wall Street Target
44.6 USD
23.03%
FBNC Highest Price Target
Wall Street Target
48 USD
32.41%
4. DIVIDEND
ANALYSIS
0.50%
DIVIDEND YIELD
0.22 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
First Bancorp
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
274 K USD 1
6-9 MONTHS
3.37 M USD 3
9-12 MONTHS
30.5 K USD 1
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
24.7 K USD 1
9-12 MONTHS
7. News
First Bancorp Announces Cash Dividend
SOUTHERN PINES, N.C. , March 14, 2025 /PRNewswire/ -- The Board of Directors of First Bancorp (NASDAQ: FBNC) (the "Company"), the parent company of First Bank, has declared a cash dividend on its common stock of $0.22 per share payable on April 25, 2025 to shareholders of record as of March 31, 2025.
prnewswire.com
- 1 month ago
The First Bancorp: 5.6% Dividend Yield And A Positive Earnings Outlook
The net interest margin will likely continue to expand as certificates of deposits mature. The outlook on residential loans isn't as bright as before. I'm expecting total loan growth to slow down this year. I'm raising my EPS estimate for 2025 to $2.71 as I've increased my margin estimate following the last half-year's surprise.
seekingalpha.com
- 1 month ago
Best Momentum Stocks to Buy for February 11th
FBNC and EZPW made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on February 11, 2025.
zacks.com
- 2 months ago
New Strong Buy Stocks for February 11th
FULT, FBNC, DAN, PCRX and OMVKY have been added to the Zacks Rank #1 (Strong Buy) List on February 11, 2025.
zacks.com
- 2 months ago
First Bank Appoints New Chief Executive Officer
SOUTHERN PINES, N.C. , Feb. 6, 2025 /PRNewswire/ -- The Board of Directors of First Bancorp (NASDAQ - FBNC), the parent company of First Bank (the "Bank"), today announced the promotion of G.
prnewswire.com
- 2 months ago
First Bancorp (FBNC) Upgraded to Buy: What Does It Mean for the Stock?
First Bancorp (FBNC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
zacks.com
- 2 months ago
First Bancorp (FBNC) Q4 Earnings and Revenues Surpass Estimates
First Bancorp (FBNC) came out with quarterly earnings of $0.76 per share, beating the Zacks Consensus Estimate of $0.72 per share. This compares to earnings of $0.72 per share a year ago.
zacks.com
- 2 months ago
First Bancorp Reports Fourth Quarter and Full Year Results
SOUTHERN PINES, N.C., Jan. 29, 2025 /PRNewswire/ -- First Bancorp (the "Company") (NASDAQ - FBNC), the parent company of First Bank, reported unaudited fourth quarter and full year earnings today.
prnewswire.com
- 2 months ago
First BanCorp.: Strong Margin Power And A Growing Dividend
First BanCorp. reported strong Q4 results with revenue of $241.5 million and EPS of $0.46, both beating estimates. Loans grew by $303.2 million to $12.8 billion, and core deposits increased by $197.9 million, indicating healthy banking activity. Net interest margin rose to 4.33%, with net interest income at $209.3 million, and cost of funds dropped to 2.35%.
seekingalpha.com
- 2 months ago
First Bancorp Announces Cash Dividend
SOUTHERN PINES, N.C. , Dec. 13, 2024 /PRNewswire/ -- The Board of Directors of First Bancorp (NASDAQ: FBNC) (the "Company"), the parent company of First Bank, has declared a cash dividend on its common stock of $0.22 per share payable on January 25, 2025 to shareholders of record as of December 31, 2024.
prnewswire.com
- 4 months ago
First Bancorp: Not Cheap But An Exceptionally Robust Loan Book
First Bancorp's net profit remains robust due to exceptionally low loan loss provisions, boosting its earnings significantly. The bank's $2.3B loan book is high quality, with minimal past due loans and substantial loan loss provisions covering potential defaults. Despite trading at 1.4 times tangible book value, the bank's strong loan quality and expected earnings growth justify the valuation.
seekingalpha.com
- 4 months ago
What Makes First Bancorp (FBNC) a New Strong Buy Stock
First Bancorp (FBNC) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
zacks.com
- 4 months ago
8. Profile
Summary
First Bancorp FBNC
COUNTRY
US
INDUSTRY
Banks - Regional
MARKET CAP
$ 1.5 B
Dividend Yield
0.50%
Description
First Bancorp operates as the bank holding company for First Bank that provides banking products and services for individuals and small to medium-sized businesses primarily in North Carolina and northeastern South Carolina. It accepts deposit products, such as checking, savings, and money market accounts, as well as time deposits, including certificate of deposits and individual retirement accounts. The company also offers loans for a range of consumer and commercial purposes comprising loans for business, real estate, personal, home improvement, and automobiles, as well as residential mortgages and small business administration loans; and accounts receivable financing and factoring, inventory financing, and purchase order financing services. In addition, it provides credit and debit cards, letter of credits, and safe deposit box rental services, as well as electronic funds transfer services consisting of wire transfers; and internet and mobile banking, cash management, bank-by-phone services, and remote deposit capture services. Further, the company offers investment and insurance products, such as mutual funds, annuities, long-term care insurance, life insurance, and company retirement plans, as well as property and casualty insurance products; and financial planning services. As of December 31, 2021, it operated 121 branches comprising 114 branch offices located in North Carolina and seven branches in South Carolina. First Bancorp was founded in 1934 and is headquartered in Southern Pines, North Carolina.
Contact
300 SW Broad Street, Southern Pines, NC, 28387
https://localfirstbank.com
IPO
Date
April 30, 1987
Employees
1345
Officers
Mr. Michael G. Mayer
President & Director
Mr. Gregory Adam Currie
President & Chief Executive Officer of First Bank
Mr. Brent Hicks
Executive Vice President & Chief Accounting Officer
Mr. Richard Hancock Moore
Chairman & Chief Executive Officer
Ms. Blaise Buczkowski
Executive Vice President of Corporate Finance
Ms. Elizabeth B. Bostian
EVice President & Chief Financial Officer
Mr. Christian Wilson
Executive Vice President & Chief Operating Officer