First Bancorp (FBNC)

NASDAQ: FBNC · IEX Real-Time Price · USD
42.97
+0.75 (1.78%)
Feb 3, 2023, 4:00 PM EST - Market closed
1.78%
Market Cap 1.74B
Revenue (ttm) 361.97M
Net Income (ttm) 119.03M
Shares Out 40.47M
EPS (ttm) 3.24
PE Ratio 13.26
Forward PE 8.40
Dividend $0.88 (2.05%)
Ex-Dividend Date Sep 29, 2022
Volume 308,867
Open 41.99
Previous Close 42.22
Day's Range 41.98 - 42.99
52-Week Range 32.90 - 49.00
Beta 1.16
Analysts Buy
Price Target 51.26 (+19.29%)
Earnings Date Jan 24, 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 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 improvemen... [Read more]

Sector Financials
Founded 1934
Employees 1,179
Stock Exchange NASDAQ
Ticker Symbol FBNC
Full Company Profile

Financial Performance

In 2021, First Bancorp's revenue was $304.98 million, an increase of 15.33% compared to the previous year's $264.43 million. Earnings were $95.64 million, an increase of 17.39%.

Financial Statements

Analyst Forecast

According to 11 analysts, the average rating for FBNC stock is "Buy." The 12-month stock price forecast is $51.26, which is an increase of 19.29% from the latest price.

Price Target
$51.26
(19.29% upside)
Analyst Consensus: Buy
Stock Forecasts

News

First Bancorp (FBNC) Q4 Earnings Top Estimates

First Bancorp (FBNC) delivered earnings and revenue surprises of 5.88% and 5.12%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

1 week ago - Zacks Investment Research

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 ...

1 week ago - PRNewsWire

First Bancorp (FBNC) Earnings Expected to Grow: Should You Buy?

First Bancorp (FBNC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

2 weeks ago - Zacks Investment Research

Will First Bancorp (FBNC) Beat Estimates Again in Its Next Earnings Report?

First Bancorp (FBNC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

1 month ago - Zacks Investment Research

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...

1 month ago - PRNewsWire

First Bancorp Announces Cash Dividend

SOUTHERN PINES, N.C. , Dec. 15, 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 $0.2...

1 month ago - PRNewsWire

Should You Buy First Bancorp (FBNC) After Golden Cross?

Should investors be excited or worried when a stock's 50 -day simple moving average crosses above the 200-day simple moving average?

3 months ago - Zacks Investment Research

First Bancorp (FBNC) Tops Q3 Earnings and Revenue Estimates

First Bancorp (FBNC) delivered earnings and revenue surprises of 8.16% and 12.03%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research

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...

3 months ago - PRNewsWire

Why First Bancorp (FBNC) is a Top Dividend Stock for Your Portfolio

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does First Bancorp (FBNC) have what it takes?

3 months ago - Zacks Investment Research

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.

6 months ago - PRNewsWire

First Bancorp (FBNC) Q2 Earnings and Revenues Beat Estimates

First Bancorp (FBNC) delivered earnings and revenue surprises of 8.42% and 5.60%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

6 months ago - Zacks Investment Research

First Bancorp Reports Second Quarter Results

SOUTHERN PINES, N.C. , July 27, 2022 /PRNewswire/ -- First Bancorp (the "Company") (NASDAQ - FBNC), the parent company of First Bank, announced today net income of $36.6 million, or $1.03 per diluted ...

6 months ago - PRNewsWire

First Bancorp (FBNC) is a Top Dividend Stock Right Now: Should You Buy?

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does First Bancorp (FBNC) have what it takes?

6 months ago - Zacks Investment Research

First Bancorp (FBNC) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release

First Bancorp (FBNC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

7 months ago - Zacks Investment Research

This is Why First Bancorp (FBNC) is a Great Dividend Stock

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does First Bancorp (FBNC) have what it takes?

7 months ago - Zacks Investment Research

First Bancorp (FBNC) Could Be a Great Choice

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does First Bancorp (FBNC) have what it takes?

8 months ago - Zacks Investment Research

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...

8 months ago - Newsfile Corp

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"...

8 months ago - PRNewsWire

First Bancorp (FBNC) to Acquire GrandSouth in All-Stock Deal

First Bancorp (FBNC) signs a definitive merger agreement to acquire GrandSouth Bancorporation in a $181.1-million deal to accelerate its South Carolina expansion.

8 months ago - Zacks Investment Research

Wall Street Analysts See a 26% Upside in First Bancorp (FBNC): Can the Stock Really Move This High?

The mean of analysts' price targets for First Bancorp (FBNC) points to a 25.6% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among an...

8 months ago - Zacks Investment Research

4 Reasons to Invest in First Bancorp (FBNC) Stock Right Now

Strong fundamentals and good growth prospects make First Bancorp (FBNC) an attractive investment option.

9 months ago - Zacks Investment Research

Why First Bancorp (FBNC) is a Great Dividend Stock Right Now

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does First Bancorp (FBNC) have what it takes?

9 months ago - Zacks Investment Research

Bears are Losing Control Over First Bancorp (FBNC), Here's Why It's a 'Buy' Now

First Bancorp (FBNC) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean...

9 months ago - Zacks Investment Research