First Bancorp (FBNC)
| Market Cap | 1.85B |
| Revenue (ttm) | 362.64M |
| Net Income (ttm) | 101.72M |
| Shares Out | 41.34M |
| EPS (ttm) | 2.48 |
| PE Ratio | 18.02 |
| Forward PE | 14.71 |
| Dividend | $0.88 (1.97%) |
| Ex-Dividend Date | Sep 30, 2024 |
| Volume | 435,185 |
| Open | 43.41 |
| Previous Close | 43.55 |
| Day's Range | 43.41 - 45.03 |
| 52-Week Range | 29.53 - 50.34 |
| Beta | 1.06 |
| Analysts | Buy |
| Price Target | 56.00 (+25.31%) |
| Earnings Date | Jan 22, 2025 |
About FBNC
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. The company accepts deposit products, such as checking, savings, and money market accounts, as well as time deposits, including certificate of deposits and individual retirement accounts. It 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 sma... [Read more]
Financial Performance
In 2023, First Bancorp's revenue was $386.34 million, an increase of 3.55% compared to the previous year's $373.10 million. Earnings were $103.45 million, a decrease of -29.22%.
Financial StatementsAnalyst Forecast
According to one analyst, the rating for FBNC stock is "Buy" and the 12-month stock price forecast is $56.0.
News
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 commo...
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 an...
First Bancorp Reports Third Quarter Results
SOUTHERN PINES, N.C. , Oct. 23, 2024 /PRNewswire/ -- First Bancorp (the "Company") (NASDAQ - FBNC), the parent company of First Bank, reported third quarter earnings today.
Federal Home Loan Bank of Atlanta Announces 2024 Director Election Results
ATLANTA, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Federal Home Loan Bank of Atlanta (FHLBank Atlanta) today announced the results of the 2024 director election. The Bank conducted an election to fill the mem...
First BanCorp.: Raising The Earnings Estimate And Upgrading To Buy
Following the better-than-expected expense control during the first half of the year, I've decided to raise my earnings estimate for First BanCorp. for 2024. Mid-single-digit loan growth is the main e...
FIRST BANCORP ANNOUNCES RETIREMENT OF DIRECTOR
SOUTHERN PINES, N.C., July 30, 2024 /PRNewswire/ -- The Board of Directors of First Bancorp (NASDAQ: FBNC) (the "Company") announces the retirement of Mason Y.
First Bancorp of Indiana, Inc. Announces Suspension of Quarterly Cash Dividend
EVANSVILLE, Ind., July 29, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of First Bancorp of Indiana, Inc. (OTCPK:FBPI) (the “Company”), the holding company for First Federal Savings Bank (the “Bank...
First Bancorp Reports Second Quarter Results
SOUTHERN PINES, N.C. , July 24, 2024 /PRNewswire/ -- First Bancorp (the "Company") (NASDAQ - FBNC), the parent company of First Bank, announced today net income of $28.7 million, or $0.70 per diluted ...
The First Bancorp: Over 6% Dividend Yield, Earnings Likely To Turn Around Soon
Upcoming interest rate cuts will likely reverse the margin's downtrend and lift the bottom line. The loan portfolio is likely to continue to grow at a double-digit rate thanks to Maine's current econo...
First Bancorp Reports First Quarter Results
SOUTHERN PINES, N.C. , April 24, 2024 /PRNewswire/ -- First Bancorp (the "Company") (NASDAQ: FBNC), the parent company of First Bank, announced today net income of $25.3 million, or $0.61 per diluted ...
First Bancorp of Indiana, Inc. Announces Quarterly Cash Dividend Payable March 15, 2024
EVANSVILLE, Ind., Feb. 29, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of First Bancorp of Indiana, Inc. (OTCPK:FBPI) has declared a quarterly cash dividend of $0.16 per share, payable to stockhol...
First Bancorp of Indiana, Inc. Announces Financial Results
EVANSVILLE, Ind., Feb. 06, 2024 (GLOBE NEWSWIRE) -- First Bancorp of Indiana, Inc. (OTCPK:FBPI), the holding company (the “Company”) for First Federal Savings Bank (the “Bank”), reported earnings of $...
First Bancorp Reports Fourth Quarter and Annual Results
SOUTHERN PINES, N.C. , Jan. 24, 2024 /PRNewswire/ -- First Bancorp (the "Company") (NASDAQ - FBNC), the parent company of First Bank, announced today net income of $29.7 million, or $0.72 per diluted ...
First Bancorp: A Quality Balance Sheet Justifies The 1.6x TBV Share Price
The First Bancorp's net interest income remains strong despite the challenging interest rate climate. The bank reported a net profit of $22.8M for the first nine months of 2023, with a low default rat...
First BanCorp: Worthy Of Consideration
First BanCorp has recovered most of its losses from earlier this year and is currently down only 7.6%. The company is a financial holding company based in Puerto Rico with branches in the US Virgin Is...
FIRST BANCORP COMPLETES ACQUISITION OF GRANDSOUTH BANCORPORATION
SOUTHERN PINES, N.C. , Jan. 3, 2023 /PRNewswire/ -- First Bancorp (NASDAQ: FBNC) announced today the completion of its acquisition of GrandSouth Bancorporation ("GrandSouth"), the parent company of Gr...
First Bancorp: Proven North Carolina Growth Story At A Fair Price
First Bancorp is an unheralded regional bank out of the Carolinas. Shares have performed strongly historically and appear well-positioned to continue their run.
FIRST BANK ANNOUNCES PROJECT LAUNCH'S "OUT OF THIS WORLD EDUCATOR AWARDS"
SOUTHERN PINES, N.C. , Aug. 2, 2022 /PRNewswire/ -- First Bank announces the creation of the "Out of This World Educator Awards" as a part of its 2022 Project Launch initiative.
FIRST BANCORP ACCELERATES ITS SOUTH CAROLINA EXPANSION WITH THE ACQUISITION OF GRANDSOUTH BANCORPORATION
SOUTHERN PINES, N.C. and GREENVILLE, S.C.
FIRST BANK NAMES NEW CIO TO ITS EXECUTIVE LEADERSHIP
SOUTHERN PINES, N.C. , May 9, 2022 /PRNewswire/ -- First Bank, the fifth largest bank headquartered in North Carolina, has added to its executive leadership team with the hire of Terrence Thomas as it...
FIRST BANK COMPLETES SELECT BANK & TRUST CONVERSION
SOUTHERN PINES, N.C. , March 21, 2022 /PRNewswire/ -- This weekend saw First Bank finalizing its acquisition of Select Bank & Trust with a successful systems conversion between the banks.
FIRST BANK ANNOUNCES ITS FIRST PROJECT LAUNCH WINNERS
SOUTHERN PINES, N.C., March 10, 2022 /PRNewswire/ -- First Bank is excited to announce the first winners of its Project Launch contest.
First BanCorp: Attractively Valued With A Stable Earnings Outlook
The declining loan trend will most likely reverse this year due to economic factors and the anticipated reduction in prepayments and PPP forgiveness.
First Bancorp initiated with outperform rating at Raymond James
First Bancorp FBNC, +3.94% drew an outperform rating and a price target of $49 a share as Raymond James initiated coverage of the regional bank on Monday. Analyst Daniel Tamayo said the stock is tradi...
First Bancorp Announces Cash Dividend Increase and Share Repurchase Authorization
SOUTHERN PINES, N.C. , Feb. 7, 2022 /PRNewswire/ -- The Board of Directors of First Bancorp (NASDAQ - FBNC), the parent company of First Bank, has declared a cash dividend on its common stock of $0.22...