First Bancorp (FBNC)
| Market Cap | 1.90B |
| Revenue (ttm) | 347.42M |
| Net Income (ttm) | 86.94M |
| Shares Out | 41.42M |
| EPS (ttm) | 2.11 |
| PE Ratio | 21.78 |
| Forward PE | 12.89 |
| Dividend | $0.88 (1.91%) |
| Ex-Dividend Date | Jun 30, 2025 |
| Volume | 239,896 |
| Open | 47.16 |
| Previous Close | 47.24 |
| Day's Range | 45.88 - 47.48 |
| 52-Week Range | 34.50 - 50.34 |
| Beta | 0.89 |
| Analysts | Buy |
| Price Target | 49.33 (+7.26%) |
| Earnings Date | Jul 23, 2025 |
About FBNC
First Bancorp operates as the bank holding company for First Bank that provides banking products and services for individuals and businesses. The company accepts deposit products, such as checking, savings, and money market accounts; and time deposits, including certificate of deposits and individual retirement accounts. It also offers commercial business loans, commercial and residential real estate construction and mortgage loans, revolving lines of credit, and letters of credit, as well as loans for personal uses, home improvement, and autom... [Read more]
Financial Performance
In 2024, First Bancorp's revenue was $333.72 million, a decrease of -13.62% compared to the previous year's $386.34 million. Earnings were $75.82 million, a decrease of -26.70%.
Financial StatementsAnalyst Summary
According to 4 analysts, the average rating for FBNC stock is "Buy." The 12-month stock price target is $49.33, which is an increase of 7.26% from the latest price.
News
Possible NIM Expansion And Stable Asset Quality Make First BanCorp A Buy
First BanCorp offers an attractive entry point, with near-term NIM tailwinds and stable asset quality supporting a buy rating, despite geographic concentration risks. Recent results show strong NII gr...
First Bancorp Announces Cash Dividend
SOUTHERN PINES, N.C. , June 13, 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 commo...
The First Bancorp: 5.8% Dividend Yield And A Positive Earnings Outlook
The First Bancorp, Inc.'s main earnings catalyst is the upcoming downward re-pricing of certificates of deposit. Due to the trade war, I'm reducing my loan growth, and consequently, my earnings estima...
First Bancorp Reports First Quarter Results
SOUTHERN PINES, N.C. , April 23, 2025 /PRNewswire/ -- First Bancorp (the "Company") (NASDAQ - FBNC), the parent company of First Bank, reported unaudited first quarter earnings today.
First BanCorp: No Upgrade Ahead Of Earnings
First BanCorp is a high-quality business with strong fundamentals, but its valuation is high, making it a 'hold' despite attractive earnings multiples. The company's net interest income grew in 2024, ...
First BanCorp: Bond Market Turbulence, Expected Tourism Slowdown Seems Priced-In
I'm expecting loan growth to decelerate this year, as a possible recession in the mainland United States can hurt the tourism industry in Puerto Rico. Low-yielding securities are set to mature this ye...
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...
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.
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.
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 ...
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 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.