FBNC Stock Overview

Operates as the bank holding company for First Bank that provides banking products and services for individuals and businesses. More details

FBNC fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	4/6
Past Performance	2/6
Financial Health	6/6
Dividends	5/6

Rewards

Trading at 48.8% below our estimate of its fair value

Earnings are forecast to grow 30.46% per year

Pays a reliable dividend of 2.36%

Analysts in good agreement that stock price will rise by 35.2%

Risk Analysis

No risks detected for FBNC from our risk checks.

First Bancorp Competitors

Lakeland Financial

NasdaqGS:LKFN

US$1.5b

1st Source

NasdaqGS:SRCE

US$1.5b

OFG Bancorp

NYSE:OFG

US$1.8b

First Commonwealth Financial

NYSE:FCF

US$1.6b

Price History & Performance

Summary of share price highs, lows and changes for First Bancorp
Historical stock prices
Current Share Price	US$37.22
52 Week High	US$50.34
52 Week Low	US$29.53
Beta	0.90
1 Month Change	-7.37%
3 Month Change	-14.20%
1 Year Change	8.83%
3 Year Change	-5.68%
5 Year Change	43.10%
Change since IPO	1,155.94%

First Bancorp (NASDAQ:FBNC) Has Announced A Dividend Of $0.22

Mar 17

Recent updates

Some Shareholders May Object To A Pay Rise For First Bancorp's (NASDAQ:FBNC) CEO This Year

Apr 26

First Bancorp (NASDAQ:FBNC) Has Affirmed Its Dividend Of $0.22

Mar 18

First Bancorp's (NASDAQ:FBNC) Dividend Will Be $0.22

Dec 21

First Bancorp (NASDAQ:FBNC) Has Affirmed Its Dividend Of $0.22

Sep 19

First Bancorp (NASDAQ:FBNC) Has Affirmed Its Dividend Of $0.22

Jun 20

First Bancorp (NASDAQ:FBNC) Will Pay A Dividend Of $0.22

Mar 19

We Ran A Stock Scan For Earnings Growth And First Bancorp (NASDAQ:FBNC) Passed With Ease

Mar 01

First Bancorp declares $0.22 dividend

Sep 15

First Bancorp upgraded to Overweight at Piper after YTD underperformance

Aug 18

First Bancorp (NASDAQ:FBNC) Is Increasing Its Dividend To US$0.22

Feb 10

Here's Why I Think First Bancorp (NASDAQ:FBNC) Might Deserve Your Attention Today

Dec 28

I Ran A Stock Scan For Earnings Growth And First Bancorp (NASDAQ:FBNC) Passed With Ease

Aug 11

First Bancorp declares $0.20 dividend

Jun 15

Shareholder Returns

	FBNC	US Banks	US Market
7D	-9.9%	-9.6%	-5.6%
1Y	8.8%	7.7%	3.3%

Return vs Industry: FBNC underperformed the US Banks industry which returned 17.2% over the past year.

Return vs Market: FBNC matched the US Market which returned 8.4% over the past year.

Price Volatility

Is FBNC's price volatile compared to industry and market?
FBNC volatility
FBNC Average Weekly Movement	4.3%
Banks Industry Average Movement	4.2%
Market Average Movement	6.8%
10% most volatile stocks in US Market	16.8%
10% least volatile stocks in US Market	3.4%

Stable Share Price: FBNC has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: FBNC's weekly volatility (4%) has been stable over the past year.

Community vs My Fair Value

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About the Company

Founded	Employees	CEO	Website
1934	1,371	Richard Moore	localfirstbank.com

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 automobiles; and accounts receivable financing and factoring, inventory financing, and purchase order financing services.

First Bancorp Fundamentals Summary

How do First Bancorp's earnings and revenue compare to its market cap?
FBNC fundamental statistics
Market cap	US$1.67b
Earnings (TTM)	US$75.82m
Revenue (TTM)	US$333.72m

20.3x

P/E Ratio

1.1x

P/B Ratio

Is FBNC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FBNC income statement (TTM)
Revenue	US$333.72m
Cost of Revenue	US$0
Gross Profit	US$333.72m
Other Expenses	US$257.90m
Earnings	US$75.82m

Last Reported Earnings

Dec 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	1.83
Gross Margin	100.00%
Net Profit Margin	22.72%
Debt/Equity Ratio	6.4%

How did FBNC perform over the long term?

See historical performance and comparison

Dividends

2.4%

Current Dividend Yield

48%

Payout Ratio

Does FBNC pay a reliable dividends?

See FBNC dividend history and benchmarks

When do you need to buy FBNC by to receive an upcoming dividend?
First Bancorp dividend dates
Ex Dividend Date	Mar 31 2025
Dividend Pay Date	Apr 25 2025
Days until Ex dividend	4 days
Days until Dividend pay date	21 days

Does FBNC pay a reliable dividends?

See FBNC dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/04/03 05:02
End of Day Share Price	2025/04/03 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

First Bancorp is covered by 7 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Paul Miller	FBR Capital Markets & Co.
Christopher Marinac	Janney Montgomery Scott LLC
Christopher McGratty	Keefe, Bruyette, & Woods

FBNC Stock Overview

Rewards

Risk Analysis

First Bancorp Competitors

NasdaqGS:LKFN

US$1.5b

NasdaqGS:SRCE

US$1.5b

NYSE:OFG

US$1.8b

NYSE:FCF

US$1.6b

Price History & Performance

Recent News & Updates

First Bancorp, Annual General Meeting, Apr 29, 2025

First Bancorp (NASDAQ:FBNC) Has Announced A Dividend Of $0.22

Fourth quarter dividend of US$0.22 announced

First Bancorp Declares Cash Dividend, Payable on April 25, 2025

Full year 2024 earnings: EPS and revenues miss analyst expectations

Full year 2024 earnings: EPS and revenues miss analyst expectations

Recent updates

First Bancorp, Annual General Meeting, Apr 29, 2025

First Bancorp (NASDAQ:FBNC) Has Announced A Dividend Of $0.22

Fourth quarter dividend of US$0.22 announced

First Bancorp Declares Cash Dividend, Payable on April 25, 2025

Full year 2024 earnings: EPS and revenues miss analyst expectations

Full year 2024 earnings: EPS and revenues miss analyst expectations

First Bancorp Announces Net Charge Offs for the Fourth Quarter Ended December 31, 2024

Third quarter dividend of US$0.22 announced

First Bancorp: Earnings To Grow But Stock Appears Overvalued

First Bancorp Declares Cash Dividend on Its Common Stock, Payable on January 25, 2025

Price target increased by 8.4% to US$51.63

Lead Independent Director recently sold US$274k worth of stock

Lead Independent Director notifies of intention to sell stock

Third quarter 2024 earnings: EPS misses analyst expectations

Price target increased by 9.5% to US$47.63

Price target increased by 13% to US$46.13

Independent Director recently sold US$869k worth of stock

Independent Director notifies of intention to sell stock

Second quarter dividend of US$0.22 announced

First Bancorp Declares Cash Dividend on Its Common Stock, Payable on October 25, 2024

Consensus EPS estimates increase by 12%

First Bancorp Announces Retirement of Mason Y. Garrett as Board of Directors

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

Investor sentiment improves as stock rises 19%

First Bancorp's (NASDAQ:FBNC) Dividend Will Be $0.22

First quarter dividend of US$0.22 announced

First Bancorp Declares Cash Dividend on Its Common Stock, Payable on July 25, 2024

First Bancorp Announces Executive Changes

Some Shareholders May Object To A Pay Rise For First Bancorp's (NASDAQ:FBNC) CEO This Year

First quarter 2024 earnings: EPS and revenues miss analyst expectations

First Bancorp, Annual General Meeting, May 02, 2024

Upcoming dividend of US$0.22 per share

First Bancorp (NASDAQ:FBNC) Has Affirmed Its Dividend Of $0.22

Fourth quarter dividend of US$0.22 announced

First Bancorp Declares Cash Dividend, Payable on April 25, 2024

Full year 2023 earnings: EPS exceeds analyst expectations

New minor risk - Profit margin trend

Full year 2023 earnings: EPS exceeds analyst expectations

Price target increased by 7.6% to US$37.13

Upcoming dividend of US$0.22 per share at 2.4% yield

First Bancorp's (NASDAQ:FBNC) Dividend Will Be $0.22

First Bancorp Declares Cash Dividend, Payable on January 25, 2024

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of US$0.22 per share at 3.2% yield

First Bancorp (NASDAQ:FBNC) Has Affirmed Its Dividend Of $0.22

First Bancorp Declares Cash Dividend on Its Common Stock, Payable on October 25, 2023

Insider recently sold US$1.8m worth of stock

New major risk - Revenue and earnings growth

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

Price target decreased by 8.4% to US$36.65

Upcoming dividend of US$0.22 per share at 2.7% yield

First Bancorp (NASDAQ:FBNC) Has Affirmed Its Dividend Of $0.22

First Bancorp Declares Cash Dividend, Payable on July 25, 2023

Investor sentiment improves as stock rises 17%

Consensus EPS estimates fall by 17%

Price target decreased by 9.4% to US$40.55

First quarter 2023 earnings: EPS and revenues miss analyst expectations

Upcoming dividend of US$0.22 per share at 2.5% yield

First Bancorp (NASDAQ:FBNC) Will Pay A Dividend Of $0.22