First Bancorp (FBNC)
| Market Cap | 1.12B |
| Revenue (ttm) | 383.16M |
| Net Income (ttm) | 120.95M |
| Shares Out | 41.08M |
| EPS (ttm) | 3.22 |
| PE Ratio | 8.47 |
| Forward PE | 10.10 |
| Dividend | $0.88 (3.23%) |
| Ex-Dividend Date | Sep 29, 2023 |
| Volume | 147,827 |
| Open | 27.38 |
| Previous Close | 27.32 |
| Day's Range | 26.96 - 27.76 |
| 52-Week Range | 26.26 - 49.00 |
| Beta | 1.09 |
| Analysts | Buy |
| Price Target | 37.75 (+38.48%) |
| Earnings Date | Oct 25, 2023 |
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. 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 sma... [Read more]
Financial Performance
In 2022, First Bancorp's revenue was $380.44 million, an increase of 24.74% compared to the previous year's $304.98 million. Earnings were $146.94 million, an increase of 53.63%.
Financial StatementsAnalyst Forecast
According to 5 analysts, the average rating for FBNC stock is "Buy." The 12-month stock price forecast is $37.75, which is an increase of 38.48% from the latest price.
News
First Bancorp Announces Cash Dividend
SOUTHERN PINES, N.C. , Sept. 15, 2023 /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 comm...
First Bancorp Reports Second Quarter Results
SOUTHERN PINES, N.C. , July 26, 2023 /PRNewswire/ -- First Bancorp (the "Company") (NASDAQ - FBNC), the parent company of First Bank, announced today net income of $29.4 million, or $0.71 per diluted ...
First Bancorp Reports First Quarter Results
SOUTHERN PINES, N.C. , April 26, 2023 /PRNewswire/ -- First Bancorp (the "Company") (NASDAQ - FBNC), the parent company of First Bank, announced today net income of $15.2 million, or $0.37 per diluted...
First Bancorp Reports Fourth Quarter and Annual Results
SOUTHERN PINES, N.C. , Jan. 24, 2023 /PRNewswire/ -- First Bancorp (the "Company") (NASDAQ - FBNC), the parent company of First Bank, announced today net income of $38.4 million, or $1.08 per diluted ...
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 Reports Third Quarter Results
SOUTHERN PINES, N.C. , Oct. 26, 2022 /PRNewswire/ -- First Bancorp (the "Company") (NASDAQ: FBNC), the parent company of First Bank, announced today net income of $37.9 million, or $1.06 per diluted c...
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.
SHAREHOLDER ALERT: Rigrodsky Law, P.A. Is Investigating GrandSouth Bancorporation Merger
Wilmington, Delaware--(Newsfile Corp. - June 23, 2022) - Rigrodsky Law, P.A. is investigating GrandSouth Bancorporation ("GrandSouth") (OTCQX: GRRB) regarding possible breaches of fiduciary duties and...
SHAREHOLDER ALERT: Weiss Law Investigates GrandSouth Bancorporation
NEW YORK , June 22, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of GrandSouth Bancorporation ("GrandSouth"...
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 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...
First BanCorp: Q3 Earnings Insights
First BanCorp (NYSE:FBP) reported its Q3 earnings results on Monday, October 25, 2021 at 07:00 AM. Here's what investors need to know about the announcement.
First Bancorp Completes Acquisition of Select Bancorp, Inc.
SOUTHERN PINES, N.C., Oct. 18, 2021 /PRNewswire/ -- First Bancorp (NASDAQ: FBNC) announces today the completion of its acquisition of Select Bancorp, Inc. (NASDAQ: SLCT) ("Select Bancorp"), the parent...
First Bancorp Receives Regulatory Approval for Acquisition of Select Bancorp, Inc.
SOUTHERN PINES, N.C., Oct. 11, 2021 /PRNewswire/ -- First Bancorp (NASDAQ: FBNC), the parent company of First Bank, reports that it has received all required regulatory approvals to acquire Select Ban...
First BanCorp: Q2 Earnings Insights
Shares of First BanCorp (NYSE:FBP) remained unaffected after the company reported Q2 results. Quarterly Results Earnings per share increased 260.00% over the past year to $0.36, which beat the estimat...
Dexter V. Perry Joins First Bancorp, First Bank Board Of Directors
SOUTHERN PINES, N.C., July 9, 2021 /PRNewswire/ -- This month, Dexter V.
For Third Year In A Row, First Bank Recognized As Best-In-State Bank
SOUTHERN PINES, N.C., June 24, 2021 /PRNewswire/ -- First Bank, North Carolina's largest community bank, has been recognized by Forbes as a Best-In-State Bank in North Carolina for the third year in a...
INVESTIGATION ALERT: Halper Sadeh LLP Investigates FBNC, AVCO, XEC, CLDR, SBBP; Shareholders are Encouraged to Contact the Firm
NEW YORK, June 15, 2021 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies: First Bancorp (NASDAQ: FBNC) concerning potential v...
CORRECTED SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of Select Bancorp, Inc. - SLCT
NEW YORK,, June 10, 2021 /PRNewswire/ -- Juan Monteverde , founder and managing partner at Monteverde & Associates PC, a national securities firm rated Top 50 in the 2018-2020 ISS Securities Class Ac...
SELECT BANCORP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Select Bancorp, Inc. - SLCT
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Select Bancorp, ...
SHAREHOLDER ALERT: WeissLaw LLP Investigates Select Bancorp, Inc.
NEW YORK, June 2, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Select Bancorp, Inc. ("Select Bancorp"...