View Future GrowthFirst Bancorp 過去の業績過去 基準チェック /46First Bancorpの収益は年間平均-0.8%の割合で減少していますが、 Banks業界の収益は年間 増加しています。収益は年間3.1% 4.5%割合で 増加しています。 First Bancorpの自己資本利益率は7.2%であり、純利益率は30.7%です。主要情報-0.82%収益成長率-9.03%EPS成長率Banks 業界の成長11.18%収益成長率4.49%株主資本利益率7.21%ネット・マージン30.68%前回の決算情報31 Mar 2026最近の業績更新お知らせ • Apr 23First Bancorp Reports Charge Offs for the First Quarter Ended March 31, 2026First Bancorp reported charge offs for the first quarter ended March 31, 2026. For the quarter, the company reported net charge-offs of $1.4 million.お知らせ • Jan 22First Bancorp Reports Net Loan Charge-Offs for the Fourth Quarter of 2025First Bancorp reported net loan charge-offs for the fourth quarter of 2025. The provision for the fourth quarter of 2025 was driven by net charge-offs of $1.1 million and reserves related to $303.2 million of loan growth, partially offset by the $1.6 million reduction in reserves for potential credit exposure from Hurricane Helene.Reported Earnings • Jul 24Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: US$0.93 (up from US$0.70 in 2Q 2024). Revenue: US$108.8m (up 14% from 2Q 2024). Net income: US$38.6m (up 35% from 2Q 2024). Profit margin: 35% (up from 30% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 7.1%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 7.5% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.Reported Earnings • Apr 25First quarter 2025 earnings: EPS exceeds analyst expectationsFirst quarter 2025 results: EPS: US$0.88 (up from US$0.61 in 1Q 2024). Revenue: US$104.7m (up 15% from 1Q 2024). Net income: US$36.4m (up 45% from 1Q 2024). Profit margin: 35% (up from 28% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 13%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.Reported Earnings • Feb 28Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: US$1.85 (down from US$2.54 in FY 2023). Revenue: US$333.7m (down 14% from FY 2023). Net income: US$75.8m (down 27% from FY 2023). Profit margin: 23% (down from 27% in FY 2023). The decrease in margin was driven by lower revenue. Net interest margin (NIM): 2.91% (down from 3.06% in FY 2023). Non-performing loans: 0.52% (down from 0.54% in FY 2023). Revenue missed analyst estimates by 9.2%. Earnings per share (EPS) also missed analyst estimates by 27%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.Reported Earnings • Jan 30Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: US$1.85 (down from US$2.54 in FY 2023). Revenue: US$333.7m (down 14% from FY 2023). Net income: US$76.2m (down 26% from FY 2023). Profit margin: 23% (down from 27% in FY 2023). The decrease in margin was driven by lower revenue. Net interest margin (NIM): 2.91% (down from 3.06% in FY 2023). Non-performing loans: 0.52% (down from 0.54% in FY 2023). Revenue missed analyst estimates by 9.2%. Earnings per share (EPS) also missed analyst estimates by 27%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.すべての更新を表示Recent updatesライブニュース • May 25First Bancorp Surpasses Q3 Revenue Forecasts With Strong Net Interest Income GrowthFirst Bancorp reported Q3 revenue that was 3.6% above analyst expectations. Revenue for the quarter was 21.1% higher year-on-year, driven by stronger net interest income. The company outperformed many regional bank peers and the stock moved higher following the earnings release. The key takeaway is that First Bancorp’s Q3 results reflect solid operational momentum relative to analyst expectations and to a regional banking sector facing pressure from fintech competition and rising regulatory costs. You may want to monitor how sustainable the current level of net interest income is, particularly if funding costs, regulation, or competitive pressure from fintechs change from here.Recent Insider Transactions • May 22Director recently sold US$2.6m worth of stockOn the 20th of May, Michael Mayer sold around 44k shares on-market at roughly US$58.58 per share. This transaction amounted to 51% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$3.6m more than they bought in the last 12 months.Recent Insider Transactions Derivative • May 22Director notifies of intention to sell stockMichael Mayer intends to sell 8k shares in the next 90 days after lodging an Intent To Sell Form on the 20th of May. If the sale is conducted around the recent share price of US$59.09, it would amount to US$474k. Since June 2025, Michael's direct individual holding has decreased from 104.85k shares to 86.83k. Company insiders have collectively sold US$1.0m more than they bought, via options and on-market transactions in the last 12 months.お知らせ • Apr 29First Bancorp Announces Board AppointmentsFirst Bancorp announced the appointment of Kate Nevin and Peter Hans to its Board of Directors, effective immediately. Kate Nevin, CAIA, is President of TSWII Capital Advisors and Portfolio Manager for TSWII LP and TSWS LP, bringing more than 20 years of experience in alternative investment strategies. She is a leading advocate for values–aligned investing and expanding access to capital for women–led and diverse firms, and she serves on numerous limited partner advisory committees and nonprofit boards. Ms. Nevin holds a Bachelor of Arts degree from the University of North Carolina at Chapel Hill; completed the Executive Program at the University of Virginia Darden School of Business; and selected as a Diversity Leadership Fellow at the Riley Institute at Furman University. Peter Hans has served as President of the University of North Carolina System since 2020, leading a statewide public university system with a focus on low tuition, reduced student debt, and higher graduation rates. Previously having served as President of the North Carolina Community College System and as a senior policy advisor at both state and federal levels, President Hans earned degrees from University of North Carolina at Chapel Hill and a Master of Liberal Arts from Harvard University.お知らせ • Apr 23First Bancorp Reports Charge Offs for the First Quarter Ended March 31, 2026First Bancorp reported charge offs for the first quarter ended March 31, 2026. For the quarter, the company reported net charge-offs of $1.4 million.お知らせ • Mar 20First Bancorp, Annual General Meeting, Apr 28, 2026First Bancorp, Annual General Meeting, Apr 28, 2026. Location: 3620 six forks road, raleigh, north carolina 27609, United StatesDeclared Dividend • Mar 16Fourth quarter dividend of US$0.24 announcedShareholders will receive a dividend of US$0.24. Ex-date: 31st March 2026 Payment date: 27th April 2026 Dividend yield will be 1.7%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (34% payout ratio) and is expected to be well covered in 3 years' time (20% forecast payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 64% over the next 2 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Mar 13First Bancorp Announces Cash Dividend. Payable on April 27, 2026First Bancorp declared a cash dividend on its common stock of $0.24 per share payable on April 27, 2026 to shareholders of record as of March 31, 2026.Recent Insider Transactions • Feb 04Insider recently sold US$297k worth of stockOn the 3rd of February, Mary Capel sold around 5k shares on-market at roughly US$59.31 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$664k more than they bought in the last 12 months.Price Target Changed • Feb 01Price target increased by 7.1% to US$64.50Up from US$60.20, the current price target is an average from 4 analysts. New target price is 11% above last closing price of US$57.93. Stock is up 31% over the past year. The company is forecast to post earnings per share of US$4.58 for next year compared to US$2.68 last year.お知らせ • Jan 28+ 1 more updateFirst Bancorp and First Bank Announces Retirement of Mary Clara Capel from Board of Directors, Effective January 27, 2026On January 27, 2026, First Bancorp announced the retirement of Mary Clara Capel from the First Bancorp and First Bank Board of Directors effective January 27, 2026. Ms. Capel has served as a director of the Company since 2005 and is a former Chair of the Board of Directors. Ms. Capel served as Director of Administration and Marketing at Capel, Incorporated, from 1981 until her retirement in September 2017. She brought extensive business executive decision-making and oversight skills from her 37 years with the third-generation family business, which grew from its rug manufacturing operation in Troy, North Carolina to importing and exporting rugs worldwide. Ms. Capel is a past member of the North Carolina Banking Commission and has attended the North Carolina Bank Directors' College. Her leadership and expertise have been invaluable to First Bancorp throughout her tenure.お知らせ • Jan 22First Bancorp Reports Net Loan Charge-Offs for the Fourth Quarter of 2025First Bancorp reported net loan charge-offs for the fourth quarter of 2025. The provision for the fourth quarter of 2025 was driven by net charge-offs of $1.1 million and reserves related to $303.2 million of loan growth, partially offset by the $1.6 million reduction in reserves for potential credit exposure from Hurricane Helene.Declared Dividend • Dec 15Third quarter dividend of US$0.23 announcedShareholders will receive a dividend of US$0.23. Ex-date: 31st December 2025 Payment date: 25th January 2026 Dividend yield will be 1.7%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (38% payout ratio) and is expected to be well covered in 3 years' time (21% forecast payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 64% over the next 2 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Dec 12First Bancorp Announces Cash Dividend, Payable on January 25, 2026The Board of Directors of First Bancorp has declared a cash dividend on its common stock of $0.23 per share payable on January 25, 2026 to shareholders of record as of December 31, 2025.お知らせ • Oct 30First Bancorp and First Bank Appoints G. Adam Currie to Board, Effective October 30, 2025First Bancorp and First Bank announced that G. Adam Currie, Chief Executive Officer of First Bank, has been appointed to the Boards of Directors of both First Bank and First Bancorp, effective immediately. Currie was named CEO of First Bank in February 2025, following a tenure as President, Chief Banking Officer, and Regional President. Since joining First Bank in 2015, Currie has been instrumental in expanding the Bank's presence across North and South Carolina, driving innovation and strengthening relationships with customers and communities. Currie demonstrates a steadfast commitment to delivering value for shareholders and strong financial performance for the company. Prior to First Bank, Currie held senior leadership roles at PNC Capital Markets and RBC Bank and began his career at Bank of America. He holds a Bachelor of Arts in Economics from the University of North Carolina at Chapel Hill and is a graduate of the Graduate School of Banking at Louisiana State University.Buy Or Sell Opportunity • Oct 23Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 4.9% to US$47.66. The fair value is estimated to be US$60.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 19%. Revenue is forecast to grow by 45% in 2 years. Earnings are forecast to grow by 97% in the next 2 years.Declared Dividend • Sep 15Second quarter dividend of US$0.23 announcedShareholders will receive a dividend of US$0.23. Ex-date: 29th September 2025 Payment date: 25th October 2025 Dividend yield will be 1.7%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 30% over the next year, which should provide support to the dividend and adequate earnings cover.お知らせ • Sep 12First Bancorp Announces Cash Dividend, Payable on October 25, 2025The Board of Directors of First Bancorp has declared a cash dividend on its common stock of $0.23 per share payable on October 25, 2025 to shareholders of record as of September 30, 2025.Price Target Changed • Jul 29Price target increased by 7.8% to US$53.00Up from US$49.19, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of US$51.04. Stock is up 22% over the past year. The company is forecast to post earnings per share of US$3.66 for next year compared to US$1.85 last year.Reported Earnings • Jul 24Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: US$0.93 (up from US$0.70 in 2Q 2024). Revenue: US$108.8m (up 14% from 2Q 2024). Net income: US$38.6m (up 35% from 2Q 2024). Profit margin: 35% (up from 30% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 7.1%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 7.5% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.分析記事 • Jun 19First Bancorp (NASDAQ:FBNC) Is Increasing Its Dividend To $0.23The board of First Bancorp ( NASDAQ:FBNC ) has announced that the dividend on 25th of July will be increased to $0.23...Declared Dividend • Jun 18First quarter dividend increased to US$0.23Dividend of US$0.23 is 4.5% higher than last year. Ex-date: 30th June 2025 Payment date: 25th July 2025 Dividend yield will be 2.2%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 29% over the next year, which should provide support to the dividend and adequate earnings cover.お知らせ • Jun 13First Bancorp Declares Cash Dividend, Payable on July 25, 2025The Board of Directors of First Bancorp has declared a cash dividend on its common stock of $0.23 per share payable on July 25, 2025 to shareholders of record as of June 30, 2025. This represents an increase from $0.22 per share paid in the prior quarter.Recent Insider Transactions • May 25Independent Director recently bought US$239k worth of stockOn the 22nd of May, Frederick Taylor bought around 6k shares on-market at roughly US$41.26 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold US$3.3m more in shares than they bought in the last 12 months.Reported Earnings • Apr 25First quarter 2025 earnings: EPS exceeds analyst expectationsFirst quarter 2025 results: EPS: US$0.88 (up from US$0.61 in 1Q 2024). Revenue: US$104.7m (up 15% from 1Q 2024). Net income: US$36.4m (up 45% from 1Q 2024). Profit margin: 35% (up from 28% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 13%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.お知らせ • Mar 21First Bancorp, Annual General Meeting, Apr 29, 2025First Bancorp, Annual General Meeting, Apr 29, 2025. Location: 300 sw broad street, southern pines north carolina 28387, United States分析記事 • Mar 17First Bancorp (NASDAQ:FBNC) Has Announced A Dividend Of $0.22First Bancorp ( NASDAQ:FBNC ) has announced that it will pay a dividend of $0.22 per share on the 25th of April. This...Declared Dividend • Mar 17Fourth quarter dividend of US$0.22 announcedDividend of US$0.22 is the same as last year. Ex-date: 31st March 2025 Payment date: 25th April 2025 Dividend yield will be 2.2%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (48% payout ratio) and is expected to be well covered in 3 years' time (27% forecast payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 67% over the next 2 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Mar 14First Bancorp Declares Cash Dividend, Payable on April 25, 2025The Board of Directors of First Bancorp declared a cash dividend on its common stock of $0.22 per share payable on April 25, 2025 to shareholders of record as of March 31, 2025.Reported Earnings • Feb 28Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: US$1.85 (down from US$2.54 in FY 2023). Revenue: US$333.7m (down 14% from FY 2023). Net income: US$75.8m (down 27% from FY 2023). Profit margin: 23% (down from 27% in FY 2023). The decrease in margin was driven by lower revenue. Net interest margin (NIM): 2.91% (down from 3.06% in FY 2023). Non-performing loans: 0.52% (down from 0.54% in FY 2023). Revenue missed analyst estimates by 9.2%. Earnings per share (EPS) also missed analyst estimates by 27%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.Reported Earnings • Jan 30Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: US$1.85 (down from US$2.54 in FY 2023). Revenue: US$333.7m (down 14% from FY 2023). Net income: US$76.2m (down 26% from FY 2023). Profit margin: 23% (down from 27% in FY 2023). The decrease in margin was driven by lower revenue. Net interest margin (NIM): 2.91% (down from 3.06% in FY 2023). Non-performing loans: 0.52% (down from 0.54% in FY 2023). Revenue missed analyst estimates by 9.2%. Earnings per share (EPS) also missed analyst estimates by 27%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.お知らせ • Jan 30First Bancorp Announces Net Charge Offs for the Fourth Quarter Ended December 31, 2024First Bancorp announced net charge offs for the fourth quarter ended December 31, 2024. For the quarter, Company recorded net charge offs of $0.9 million, an annualized 0.04% of average loans.Declared Dividend • Dec 19Third quarter dividend of US$0.22 announcedDividend of US$0.22 is the same as last year. Ex-date: 31st December 2024 Payment date: 25th January 2025 Dividend yield will be 2.0%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (35% payout ratio) and is expected to be well covered in 3 years' time (28% forecast payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 31% over the next 2 years, which should provide support to the dividend and adequate earnings cover.Seeking Alpha • Dec 19First Bancorp: Earnings To Grow But Stock Appears OvervaluedSummary The yield curve’s disinversion will help the margin because deposit costs are dependent on the short end and loan yields are dependent on the long end of the yield curve. Cheaper borrowing costs will drive residential mortgage demand, which will likely help loan growth turn positive again. I’m expecting the provision expense for loan losses to normalize soon after Hurricane Helene. The December 2025 target price suggests a significant price downside. Further, FBNC is offering a low dividend yield of 2.0%. Read the full article on Seeking Alphaお知らせ • Dec 13First Bancorp Declares Cash Dividend on Its Common Stock, Payable on January 25, 2025The Board of Directors of First Bancorp has declared a cash dividend on its common stock of $0.22 per share payable on January 25, 2025 to shareholders of record as of December 31, 2024.Price Target Changed • Dec 04Price target increased by 8.4% to US$51.63Up from US$47.63, the current price target is an average from 2 analysts. New target price is 8.4% above last closing price of US$47.64. Stock is up 44% over the past year. The company is forecast to post earnings per share of US$2.51 for next year compared to US$2.54 last year.Recent Insider Transactions • Nov 29Lead Independent Director recently sold US$274k worth of stockOn the 26th of November, James Crawford sold around 6k shares on-market at roughly US$49.22 per share. This transaction amounted to 6.3% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$869k. Insiders have been net sellers, collectively disposing of US$3.5m more than they bought in the last 12 months.Recent Insider Transactions Derivative • Nov 27Lead Independent Director notifies of intention to sell stockJames Crawford intends to sell 6k shares in the next 90 days after lodging an Intent To Sell Form on the 26th of November. If the sale is conducted around the recent share price of US$49.22, it would amount to US$274k. Since March 2024, James' direct individual holding has increased from 87.06k shares to 88.25k. Company insiders have collectively sold US$3.2m more than they bought, via options and on-market transactions in the last 12 months.Reported Earnings • Oct 24Third quarter 2024 earnings: EPS misses analyst expectationsThird quarter 2024 results: EPS: US$0.45 (down from US$0.73 in 3Q 2023). Revenue: US$82.4m (down 17% from 3Q 2023). Net income: US$18.7m (down 37% from 3Q 2023). Profit margin: 23% (down from 30% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 36%. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.Price Target Changed • Oct 02Price target increased by 9.5% to US$47.63Up from US$43.50, the current price target is an average from 2 analysts. New target price is 17% above last closing price of US$40.62. Stock is up 47% over the past year. The company is forecast to post earnings per share of US$2.72 for next year compared to US$2.54 last year.Price Target Changed • Sep 25Price target increased by 13% to US$46.13Up from US$41.00, the current price target is an average from 2 analysts. New target price is 11% above last closing price of US$41.41. Stock is up 48% over the past year. The company is forecast to post earnings per share of US$2.71 for next year compared to US$2.54 last year.Recent Insider Transactions • Sep 25Independent Director recently sold US$869k worth of stockOn the 23rd of September, Suzanne DeFerie sold around 20k shares on-market at roughly US$43.94 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$2.3m. Insiders have been net sellers, collectively disposing of US$3.2m more than they bought in the last 12 months.Recent Insider Transactions Derivative • Sep 23Independent Director notifies of intention to sell stockSuzanne DeFerie intends to sell 18k shares in the next 90 days after lodging an Intent To Sell Form on the 20th of September. If the sale is conducted around the recent share price of US$43.96, it would amount to US$780k. Since March 2024, Suzanne's direct individual holding has increased from 86.08k shares to 87.27k. Company insiders have collectively sold US$2.3m more than they bought, via options and on-market transactions in the last 12 months.Declared Dividend • Sep 16Second quarter dividend of US$0.22 announcedDividend of US$0.22 is the same as last year. Ex-date: 30th September 2024 Payment date: 25th October 2024 Dividend yield will be 2.1%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 2.9% over the next year, which should provide support to the dividend and adequate earnings cover.お知らせ • Sep 13First Bancorp Declares Cash Dividend on Its Common Stock, Payable on October 25, 2024First Bancorp has declared a cash dividend on its common stock of $0.22 per share payable on October 25, 2024 to shareholders of record as of September 30, 2024.Major Estimate Revision • Jul 31Consensus EPS estimates increase by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from US$379.0m to US$387.1m. EPS estimate increased from US$2.42 to US$2.72 per share. Net income forecast to grow 3.2% next year vs 8.5% growth forecast for Banks industry in the US. Consensus price target up from US$41.00 to US$43.50. Share price rose 6.4% to US$41.84 over the past week.お知らせ • Jul 31First Bancorp Announces Retirement of Mason Y. Garrett as Board of DirectorsThe Board of Directors of First Bancorp announced the retirement of Mason Y. Garrett from the First Bancorp and First Bank Board of Directors effective July 26, 2024. Mr. Garrett was the Founder and Chairman of the Board of Directors of GrandSouth Bank and CEO of GrandSouth Bancorporation from 1998 until its merger with the Company in 2023, at which time he joined the Company's Board of Directors. He was a member of the Executive & Loan Committeeof First Bank. Mr. Garrett has over 50 years of banking experience, including roles as President and Chief Executive Officer and Chairman of the Board of several Upstate South Carolina banks. He co-founded First United Bancorporation an Anderson, SC bank, in 1984 and served as its Chief Executive Officer until its sale to Regions Financial Corporation in March 1998, prior to co-founding GrandSouth Bank and GrandSouth Bancorporation.Reported Earnings • Jul 25Second quarter 2024 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2024 results: EPS: US$0.70 (down from US$0.72 in 2Q 2023). Revenue: US$95.2m (down 3.4% from 2Q 2023). Net income: US$28.7m (down 1.7% from 2Q 2023). Profit margin: 30% (in line with 2Q 2023). Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) also surpassed analyst estimates by 18%. Revenue is forecast to grow 4.5% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Jul 16Investor sentiment improves as stock rises 19%After last week's 19% share price gain to US$37.90, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 12x in the Banks industry in the US. Total returns to shareholders of 5.4% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$52.54 per share.分析記事 • Jun 18First Bancorp's (NASDAQ:FBNC) Dividend Will Be $0.22First Bancorp ( NASDAQ:FBNC ) will pay a dividend of $0.22 on the 25th of July. This payment means that the dividend...Declared Dividend • Jun 17First quarter dividend of US$0.22 announcedDividend of US$0.22 is the same as last year. Ex-date: 28th June 2024 Payment date: 25th July 2024 Dividend yield will be 2.9%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 1.5% over the next year, which should provide support to the dividend and adequate earnings cover.お知らせ • Jun 15First Bancorp Declares Cash Dividend on Its Common Stock, Payable on July 25, 2024The Board of Directors of First Bancorp has declared a cash dividend on its common stock of $0.22 per share payable on July 25, 2024 to shareholders of record as of June 30, 2024.お知らせ • May 15First Bancorp Announces Executive ChangesFirst Bancorp announced the expansion of its executive leadership team in order to enhance the execution of its long-term strategic plan. Effective May 13, 2024, Christian Wilson was named Executive Vice President and Chief Operating Officer of the Bank, reporting to Adam Currie, President of First Bank. Wilson has most recently spent 10 years with Fiserv in New York City overseeing Credit, Fraud and Risk, both on a national and global scale. Prior to his time at Fiserv, he served as a team leader of the Secret Service Electronic Crimes Task Force. Christian has expert knowledge in operations and strategy across cyber, controls, regulatory review, credit management and fraud functions within financial services. He is a Guilford County, N.C. native and was a Park Scholar at N.C. State University and will office in Greensboro. Donna Ward has assumed the new position of Chief Transformation Officer of First Bank as of May 13, 2024. Donna will be focused specifically on change leadership and project management preparing the Bank and associates for enterprise-wide organizational changes that will accompany continued growth. Having been with First Bank over 27 years, Donna has witnessed significant change and has already earned a strong reputation as a change leader and advocate through acquisitions and systems integrations and conversions. In addition, on May 13, 2024, Brent Hicks joined the Bank as Executive Vice President and Chief Accounting Officer(“CAO”), reporting to Elizabeth Bostian, Chief Financial Officer. Brent’s expertise as an audit and risk expert in Finance at BB&T/Truist, as well as in the Chief Accounting Officer role at a $26 billion bank will align directly with the expertise needed as the Bank expands. Effective with Brent’s joining the Bank, Blaise Buczkowski will shift from CAO responsibilities to the role of Executive Vice President of Corporate Finance, leading the financial analysis, forecasting, integration and planning functions for the Bank. While Blaise has been performing many of these functions since joining the Bank in 2017, she will now be focused on building a comprehensive financial view of the company that will leverage financial data for strategic planning and informed decision-making. Brent also will office in Greensboro.分析記事 • Apr 26Some Shareholders May Object To A Pay Rise For First Bancorp's (NASDAQ:FBNC) CEO This YearKey Insights First Bancorp's Annual General Meeting to take place on 2nd of May Total pay for CEO Richard Moore...Reported Earnings • Apr 25First quarter 2024 earnings: EPS and revenues miss analyst expectationsFirst quarter 2024 results: EPS: US$0.61 (up from US$0.37 in 1Q 2023). Revenue: US$91.0m (down 2.5% from 1Q 2023). Net income: US$25.3m (up 68% from 1Q 2023). Profit margin: 28% (up from 16% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) also missed analyst estimates by 3.2%. Revenue is forecast to grow 4.6% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 10% per year.お知らせ • Mar 21First Bancorp, Annual General Meeting, May 02, 2024First Bancorp, Annual General Meeting, May 02, 2024, at 13:30 US Eastern Standard Time. Location: Main Office of First Bank, located at 300 SW Broad Street, Southern Pines, North Carolina 28387 South Carolina United States Agenda: To elect 15 nominees to the Board of Directors to serve until the 2025 annual meeting of shareholders or until their successors are elected and qualified; To ratify the appointment of BDO USA, LLP as the independent auditors of the Company for 2024; To approve, on a non-binding advisory basis, the compensation paid to the Company’s named executive officers, as disclosed in the accompanying Proxy Statement; To approve the First Bancorp 2024 Equity Plan.Upcoming Dividend • Mar 20Upcoming dividend of US$0.22 per shareEligible shareholders must have bought the stock before 27 March 2024. Payment date: 25 April 2024. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of American dividend payers (4.8%). Lower than average of industry peers (3.0%).分析記事 • Mar 18First Bancorp (NASDAQ:FBNC) Has Affirmed Its Dividend Of $0.22First Bancorp ( NASDAQ:FBNC ) has announced that it will pay a dividend of $0.22 per share on the 25th of April. This...Declared Dividend • Mar 18Fourth quarter dividend of US$0.22 announcedDividend of US$0.22 is the same as last year. Ex-date: 27th March 2024 Payment date: 25th April 2024 Dividend yield will be 2.6%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (35% payout ratio) and is expected to be well covered in 3 years' time (31% forecast payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 16% over the next 2 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Mar 15First Bancorp Declares Cash Dividend, Payable on April 25, 2024The Board of Directors of First Bancorp declared a cash dividend on its common stock of $0.22 per share payable on April 25, 2024 to shareholders of record as of March 31, 2024.Reported Earnings • Mar 03Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: US$2.54 (down from US$4.12 in FY 2022). Revenue: US$386.3m (up 3.5% from FY 2022). Net income: US$103.4m (down 29% from FY 2022). Profit margin: 27% (down from 39% in FY 2022). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 3.06% (down from 3.28% in FY 2022). Non-performing loans: 0.54% (down from 0.56% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.2%. Revenue is forecast to grow 4.6% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 7% per year.New Risk • Jan 26New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 27% Last year net profit margin: 39% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (27% net profit margin). Shareholders have been diluted in the past year (15% increase in shares outstanding).Reported Earnings • Jan 26Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: US$2.53 (down from US$4.12 in FY 2022). Revenue: US$386.3m (up 3.5% from FY 2022). Net income: US$104.1m (down 29% from FY 2022). Profit margin: 27% (down from 39% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.2%. Revenue is forecast to grow 4.4% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has remained flat.Price Target Changed • Dec 24Price target increased by 7.6% to US$37.13Up from US$34.50, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of US$37.49. Stock is down 14% over the past year. The company is forecast to post earnings per share of US$2.57 for next year compared to US$4.12 last year.Upcoming Dividend • Dec 21Upcoming dividend of US$0.22 per share at 2.4% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 25 January 2024. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of American dividend payers (4.6%). Lower than average of industry peers (3.2%).分析記事 • Dec 21First Bancorp's (NASDAQ:FBNC) Dividend Will Be $0.22First Bancorp ( NASDAQ:FBNC ) will pay a dividend of $0.22 on the 25th of January. The dividend yield is 2.4% based on...お知らせ • Dec 15First Bancorp Declares Cash Dividend, Payable on January 25, 2024The Board of Directors of First Bancorp has declared a cash dividend on its common stock of $0.22 per share payable on January 25, 2024 to shareholders of record as of December 31, 2023.Reported Earnings • Oct 26Third quarter 2023 earnings: EPS and revenues exceed analyst expectationsThird quarter 2023 results: EPS: US$0.73 (down from US$1.06 in 3Q 2022). Revenue: US$99.9m (up 6.1% from 3Q 2022). Net income: US$29.9m (down 21% from 3Q 2022). Profit margin: 30% (down from 40% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 7.7%. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 6% per year.Upcoming Dividend • Sep 21Upcoming dividend of US$0.22 per share at 3.2% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 25 October 2023. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of American dividend payers (5.0%). Lower than average of industry peers (3.7%).分析記事 • Sep 19First Bancorp (NASDAQ:FBNC) Has Affirmed Its Dividend Of $0.22First Bancorp ( NASDAQ:FBNC ) has announced that it will pay a dividend of $0.22 per share on the 25th of October...お知らせ • Sep 16First Bancorp Declares Cash Dividend on Its Common Stock, Payable on October 25, 2023The Board of Directors of First Bancorp has declared a cash dividend on its common stock of $0.22 per share payable on October 25, 2023 to shareholders of record as of September 30, 2023.Recent Insider Transactions • Aug 31Insider recently sold US$1.8m worth of stockOn the 29th of August, Mason Garrett sold around 61k shares on-market at roughly US$29.88 per share. This transaction amounted to 7.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$1.7m more than they bought in the last 12 months.New Risk • Aug 07New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. Minor Risk Shareholders have been diluted in the past year (15% increase in shares outstanding).Reported Earnings • Jul 28Second quarter 2023 earnings: EPS and revenues miss analyst expectationsSecond quarter 2023 results: EPS: US$0.71 (down from US$1.03 in 2Q 2022). Revenue: US$98.9m (up 5.2% from 2Q 2022). Net income: US$29.4m (down 19% from 2Q 2022). Profit margin: 30% (down from 39% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) also missed analyst estimates by 4.1%. Revenue is forecast to grow 9.0% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Jul 17Price target decreased by 8.4% to US$36.65Down from US$40.00, the current price target is an average from 5 analysts. New target price is 15% above last closing price of US$31.97. Stock is down 8.4% over the past year. The company is forecast to post earnings per share of US$2.59 for next year compared to US$4.12 last year.Upcoming Dividend • Jun 22Upcoming dividend of US$0.22 per share at 2.7% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 25 July 2023. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of American dividend payers (4.9%). Lower than average of industry peers (3.6%).分析記事 • Jun 20First Bancorp (NASDAQ:FBNC) Has Affirmed Its Dividend Of $0.22First Bancorp ( NASDAQ:FBNC ) will pay a dividend of $0.22 on the 25th of July. This payment means the dividend yield...お知らせ • Jun 16First Bancorp Declares Cash Dividend, Payable on July 25, 2023The Board of Directors of First Bancorp declared a cash dividend on its common stock of $0.22 per share payable on July 25, 2023 to shareholders of record as of June 30, 2023.Valuation Update With 7 Day Price Move • Jun 08Investor sentiment improves as stock rises 17%After last week's 17% share price gain to US$35.24, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 8x in the Banks industry in the US. Total returns to shareholders of 42% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$60.21 per share.Major Estimate Revision • May 03Consensus EPS estimates fall by 17%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$452.7m to US$434.0m. EPS estimate also fell from US$3.36 per share to US$2.79 per share. Net income forecast to shrink 3.6% next year vs 5.7% decline forecast for Banks industry in the US. Consensus price target down from US$44.75 to US$40.55. Share price fell 9.4% to US$28.47 over the past week.Price Target Changed • May 03Price target decreased by 9.4% to US$40.55Down from US$44.75, the current price target is an average from 5 analysts. New target price is 40% above last closing price of US$28.90. Stock is down 23% over the past year. The company is forecast to post earnings per share of US$2.79 for next year compared to US$4.12 last year.Reported Earnings • Apr 29First quarter 2023 earnings: EPS and revenues miss analyst expectationsFirst quarter 2023 results: EPS: US$0.37 (down from US$0.95 in 1Q 2022). Revenue: US$93.5m (up 1.1% from 1Q 2022). Net income: US$15.2m (down 55% from 1Q 2022). Profit margin: 16% (down from 37% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 5.7%. Earnings per share (EPS) also missed analyst estimates by 40%. Revenue is forecast to grow 8.3% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 7% per year.Upcoming Dividend • Mar 23Upcoming dividend of US$0.22 per share at 2.5% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 25 April 2023. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of American dividend payers (4.6%). Lower than average of industry peers (3.6%).分析記事 • Mar 19First Bancorp (NASDAQ:FBNC) Will Pay A Dividend Of $0.22First Bancorp ( NASDAQ:FBNC ) will pay a dividend of $0.22 on the 25th of April. This means the annual payment will be...Reported Earnings • Mar 06Full year 2022 earnings: Revenues and EPS in line with analyst expectationsFull year 2022 results: EPS: US$4.12 (up from US$3.19 in FY 2021). Revenue: US$373.1m (up 22% from FY 2021). Net income: US$146.2m (up 54% from FY 2021). Profit margin: 39% (up from 31% in FY 2021). The increase in margin was driven by higher revenue. Net interest margin (NIM): 3.28% (up from 3.16% in FY 2021). Non-performing loans: 0.56% (down from 0.81% in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • Mar 01We Ran A Stock Scan For Earnings Growth And First Bancorp (NASDAQ:FBNC) Passed With EaseThe excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Reported Earnings • Jan 26Full year 2022 earnings: Revenues in line with analyst expectationsFull year 2022 results: Revenue: US$380.4m (up 25% from FY 2021). Net income: US$146.9m (up 54% from FY 2021). Profit margin: 39% (up from 31% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Banks industry in the US.Upcoming Dividend • Dec 22Upcoming dividend of US$0.22 per shareEligible shareholders must have bought the stock before 29 December 2022. Payment date: 25 January 2023. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of American dividend payers (4.5%). Lower than average of industry peers (3.2%).お知らせ • Dec 16First Bancorp Announces Cash Dividend, Payable on January 25, 2023The Board of Directors of First Bancorp has declared a cash dividend on its common stock of $0.22 per share payable on January 25, 2023 to shareholders of record as of December 31, 2022.Price Target Changed • Nov 16Price target increased to US$50.00Up from US$46.70, the current price target is an average from 5 analysts. New target price is 7.9% above last closing price of US$46.34. Stock is down 5.0% over the past year. The company is forecast to post earnings per share of US$4.06 for next year compared to US$3.19 last year.Price Target Changed • Nov 03Price target increased to US$50.00Up from US$46.70, the current price target is an average from 5 analysts. New target price is 14% above last closing price of US$43.88. Stock is down 9.3% over the past year. The company is forecast to post earnings per share of US$4.06 for next year compared to US$3.19 last year.Reported Earnings • Oct 27Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: US$1.06 (up from US$0.97 in 3Q 2021). Revenue: US$94.1m (up 25% from 3Q 2021). Net income: US$37.9m (up 38% from 3Q 2021). Profit margin: 40% (up from 37% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.0%. Earnings per share (EPS) also surpassed analyst estimates by 8.7%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 4% per year.Upcoming Dividend • Sep 22Upcoming dividend of US$0.22 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 25 October 2022. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (3.2%).お知らせ • Sep 16First Bancorp Declares Cash Dividend, Payable on October 25, 2022The Board of Directors of First Bancorp has declared a cash dividend on its common stock of $0.22 per share payable on October 25, 2022 to shareholders of record as of September 30, 2022. The $0.22 dividend rate represents a 10% increase over the dividend rate of $0.20 paid in the comparable period of 2021.Seeking Alpha • Sep 15First Bancorp declares $0.22 dividendFirst Bancorp (NASDAQ:FBNC) declares $0.22/share quarterly dividend, 10% increase from prior dividend of $0.20. Forward yield 2.35% Payable Oct. 25; for shareholders of record Sept. 30; ex-div Sept. 29. See FBNC Dividend Scorecard, Yield Chart, & Dividend Growth.Seeking Alpha • Aug 18First Bancorp upgraded to Overweight at Piper after YTD underperformanceFirst Bancorp (NASDAQ:FBNC) stock has gained 2.6% in Thursday morning trading after Piper Sandler analyst Stephen Scouten upgraded the stock to Overweight from Neutral after it has underperformed by ~11% so far this year. FBNC stock is now trading at a price/Piper 2023 EPS multiple of ~9x vs. ~10x for the rest of Scouten's coverage. The analyst is lowering earnings estimates "for greater expense lift from here" as all cost savings from First Bancorp's (FBNC) acquisition of Select Bancorp have been realized. Note that in June 2022, the bank agreed to acquire GrandSouth Bancorporation (OTCQX:GRRB) for $181.1M in stock. While Scouten has not included GrandSouth in his model, the company said it expects to achieve high single digit EPS accretion once deal is fully phased in. "Regardless, we still think standalone FBNC is undervalued here given its upper tier profitability potential and scarcity value as a well established NC/SC bank with over $10B-in-assets," Scouten wrote in a note to clients. His Overweight rating comes in more bullish than the Quant system's Hold rating and aligns with the average Wall Street rating of BuyReported Earnings • Jul 28Second quarter 2022 earnings: EPS exceeds analyst expectationsSecond quarter 2022 results: EPS: US$1.03. Revenue: US$95.5m (up 22% from 2Q 2021). Net income: US$36.6m (up 26% from 2Q 2021). Profit margin: 38% (up from 37% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 10%. Over the next year, revenue is forecast to grow 28%, compared to a 15% growth forecast for the industry in the US.収支内訳First Bancorp の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史NasdaqGS:FBNC 収益、費用、利益 ( )USD Millions日付収益収益G+A経費研究開発費31 Mar 26393121170031 Dec 25379110168030 Sep 2536598166030 Jun 2536197165031 Mar 2534787164031 Dec 2433476165030 Sep 24363102164030 Jun 24380113165031 Mar 24384113165031 Dec 23386103166030 Sep 23385112165030 Jun 23379120152031 Mar 23374127147031 Dec 22370146140030 Sep 22358118138030 Jun 22339108135031 Mar 22322101128031 Dec 2130595122030 Sep 21299108119030 Jun 21294104120031 Mar 2127791119031 Dec 2026481119030 Sep 2025978118030 Jun 2025980116031 Mar 2027087116031 Dec 1927392115030 Sep 1927395113030 Jun 1926992113031 Mar 1926791111031 Dec 1827089111030 Sep 1826980112030 Jun 1825571108031 Mar 1823959106031 Dec 172134699030 Sep 171884090030 Jun 171763286031 Mar 171622880031 Dec 161532776030 Sep 161502673030 Jun 161442871031 Mar 161402670031 Dec 151402670030 Sep 151372767030 Jun 1513725670質の高い収益: FBNCは 高品質の収益 を持っています。利益率の向上: FBNCの現在の純利益率 (30.7%)は、昨年(25%)よりも高くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: FBNCの収益は過去 5 年間で年間0.8%減少しました。成長の加速: FBNCの過去 1 年間の収益成長率 ( 38.8% ) は、5 年間の平均 ( 年間-0.8%を上回っています。収益対業界: FBNCの過去 1 年間の収益成長率 ( 38.8% ) はBanks業界22.8%を上回りました。株主資本利益率高いROE: FBNCの 自己資本利益率 ( 7.2% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YBanks 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/10 21:36終値2026/06/10 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋First Bancorp 5 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。9 アナリスト機関Christopher MarinacBrean Capital Historical (Janney Montgomery)Wood LayKeefe, Bruyette, & WoodsChristopher McGrattyKeefe, Bruyette, & Woods6 その他のアナリストを表示
お知らせ • Apr 23First Bancorp Reports Charge Offs for the First Quarter Ended March 31, 2026First Bancorp reported charge offs for the first quarter ended March 31, 2026. For the quarter, the company reported net charge-offs of $1.4 million.
お知らせ • Jan 22First Bancorp Reports Net Loan Charge-Offs for the Fourth Quarter of 2025First Bancorp reported net loan charge-offs for the fourth quarter of 2025. The provision for the fourth quarter of 2025 was driven by net charge-offs of $1.1 million and reserves related to $303.2 million of loan growth, partially offset by the $1.6 million reduction in reserves for potential credit exposure from Hurricane Helene.
Reported Earnings • Jul 24Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: US$0.93 (up from US$0.70 in 2Q 2024). Revenue: US$108.8m (up 14% from 2Q 2024). Net income: US$38.6m (up 35% from 2Q 2024). Profit margin: 35% (up from 30% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 7.1%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 7.5% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
Reported Earnings • Apr 25First quarter 2025 earnings: EPS exceeds analyst expectationsFirst quarter 2025 results: EPS: US$0.88 (up from US$0.61 in 1Q 2024). Revenue: US$104.7m (up 15% from 1Q 2024). Net income: US$36.4m (up 45% from 1Q 2024). Profit margin: 35% (up from 28% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 13%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
Reported Earnings • Feb 28Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: US$1.85 (down from US$2.54 in FY 2023). Revenue: US$333.7m (down 14% from FY 2023). Net income: US$75.8m (down 27% from FY 2023). Profit margin: 23% (down from 27% in FY 2023). The decrease in margin was driven by lower revenue. Net interest margin (NIM): 2.91% (down from 3.06% in FY 2023). Non-performing loans: 0.52% (down from 0.54% in FY 2023). Revenue missed analyst estimates by 9.2%. Earnings per share (EPS) also missed analyst estimates by 27%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
Reported Earnings • Jan 30Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: US$1.85 (down from US$2.54 in FY 2023). Revenue: US$333.7m (down 14% from FY 2023). Net income: US$76.2m (down 26% from FY 2023). Profit margin: 23% (down from 27% in FY 2023). The decrease in margin was driven by lower revenue. Net interest margin (NIM): 2.91% (down from 3.06% in FY 2023). Non-performing loans: 0.52% (down from 0.54% in FY 2023). Revenue missed analyst estimates by 9.2%. Earnings per share (EPS) also missed analyst estimates by 27%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
ライブニュース • May 25First Bancorp Surpasses Q3 Revenue Forecasts With Strong Net Interest Income GrowthFirst Bancorp reported Q3 revenue that was 3.6% above analyst expectations. Revenue for the quarter was 21.1% higher year-on-year, driven by stronger net interest income. The company outperformed many regional bank peers and the stock moved higher following the earnings release. The key takeaway is that First Bancorp’s Q3 results reflect solid operational momentum relative to analyst expectations and to a regional banking sector facing pressure from fintech competition and rising regulatory costs. You may want to monitor how sustainable the current level of net interest income is, particularly if funding costs, regulation, or competitive pressure from fintechs change from here.
Recent Insider Transactions • May 22Director recently sold US$2.6m worth of stockOn the 20th of May, Michael Mayer sold around 44k shares on-market at roughly US$58.58 per share. This transaction amounted to 51% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$3.6m more than they bought in the last 12 months.
Recent Insider Transactions Derivative • May 22Director notifies of intention to sell stockMichael Mayer intends to sell 8k shares in the next 90 days after lodging an Intent To Sell Form on the 20th of May. If the sale is conducted around the recent share price of US$59.09, it would amount to US$474k. Since June 2025, Michael's direct individual holding has decreased from 104.85k shares to 86.83k. Company insiders have collectively sold US$1.0m more than they bought, via options and on-market transactions in the last 12 months.
お知らせ • Apr 29First Bancorp Announces Board AppointmentsFirst Bancorp announced the appointment of Kate Nevin and Peter Hans to its Board of Directors, effective immediately. Kate Nevin, CAIA, is President of TSWII Capital Advisors and Portfolio Manager for TSWII LP and TSWS LP, bringing more than 20 years of experience in alternative investment strategies. She is a leading advocate for values–aligned investing and expanding access to capital for women–led and diverse firms, and she serves on numerous limited partner advisory committees and nonprofit boards. Ms. Nevin holds a Bachelor of Arts degree from the University of North Carolina at Chapel Hill; completed the Executive Program at the University of Virginia Darden School of Business; and selected as a Diversity Leadership Fellow at the Riley Institute at Furman University. Peter Hans has served as President of the University of North Carolina System since 2020, leading a statewide public university system with a focus on low tuition, reduced student debt, and higher graduation rates. Previously having served as President of the North Carolina Community College System and as a senior policy advisor at both state and federal levels, President Hans earned degrees from University of North Carolina at Chapel Hill and a Master of Liberal Arts from Harvard University.
お知らせ • Apr 23First Bancorp Reports Charge Offs for the First Quarter Ended March 31, 2026First Bancorp reported charge offs for the first quarter ended March 31, 2026. For the quarter, the company reported net charge-offs of $1.4 million.
お知らせ • Mar 20First Bancorp, Annual General Meeting, Apr 28, 2026First Bancorp, Annual General Meeting, Apr 28, 2026. Location: 3620 six forks road, raleigh, north carolina 27609, United States
Declared Dividend • Mar 16Fourth quarter dividend of US$0.24 announcedShareholders will receive a dividend of US$0.24. Ex-date: 31st March 2026 Payment date: 27th April 2026 Dividend yield will be 1.7%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (34% payout ratio) and is expected to be well covered in 3 years' time (20% forecast payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 64% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 13First Bancorp Announces Cash Dividend. Payable on April 27, 2026First Bancorp declared a cash dividend on its common stock of $0.24 per share payable on April 27, 2026 to shareholders of record as of March 31, 2026.
Recent Insider Transactions • Feb 04Insider recently sold US$297k worth of stockOn the 3rd of February, Mary Capel sold around 5k shares on-market at roughly US$59.31 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$664k more than they bought in the last 12 months.
Price Target Changed • Feb 01Price target increased by 7.1% to US$64.50Up from US$60.20, the current price target is an average from 4 analysts. New target price is 11% above last closing price of US$57.93. Stock is up 31% over the past year. The company is forecast to post earnings per share of US$4.58 for next year compared to US$2.68 last year.
お知らせ • Jan 28+ 1 more updateFirst Bancorp and First Bank Announces Retirement of Mary Clara Capel from Board of Directors, Effective January 27, 2026On January 27, 2026, First Bancorp announced the retirement of Mary Clara Capel from the First Bancorp and First Bank Board of Directors effective January 27, 2026. Ms. Capel has served as a director of the Company since 2005 and is a former Chair of the Board of Directors. Ms. Capel served as Director of Administration and Marketing at Capel, Incorporated, from 1981 until her retirement in September 2017. She brought extensive business executive decision-making and oversight skills from her 37 years with the third-generation family business, which grew from its rug manufacturing operation in Troy, North Carolina to importing and exporting rugs worldwide. Ms. Capel is a past member of the North Carolina Banking Commission and has attended the North Carolina Bank Directors' College. Her leadership and expertise have been invaluable to First Bancorp throughout her tenure.
お知らせ • Jan 22First Bancorp Reports Net Loan Charge-Offs for the Fourth Quarter of 2025First Bancorp reported net loan charge-offs for the fourth quarter of 2025. The provision for the fourth quarter of 2025 was driven by net charge-offs of $1.1 million and reserves related to $303.2 million of loan growth, partially offset by the $1.6 million reduction in reserves for potential credit exposure from Hurricane Helene.
Declared Dividend • Dec 15Third quarter dividend of US$0.23 announcedShareholders will receive a dividend of US$0.23. Ex-date: 31st December 2025 Payment date: 25th January 2026 Dividend yield will be 1.7%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (38% payout ratio) and is expected to be well covered in 3 years' time (21% forecast payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 64% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Dec 12First Bancorp Announces Cash Dividend, Payable on January 25, 2026The Board of Directors of First Bancorp has declared a cash dividend on its common stock of $0.23 per share payable on January 25, 2026 to shareholders of record as of December 31, 2025.
お知らせ • Oct 30First Bancorp and First Bank Appoints G. Adam Currie to Board, Effective October 30, 2025First Bancorp and First Bank announced that G. Adam Currie, Chief Executive Officer of First Bank, has been appointed to the Boards of Directors of both First Bank and First Bancorp, effective immediately. Currie was named CEO of First Bank in February 2025, following a tenure as President, Chief Banking Officer, and Regional President. Since joining First Bank in 2015, Currie has been instrumental in expanding the Bank's presence across North and South Carolina, driving innovation and strengthening relationships with customers and communities. Currie demonstrates a steadfast commitment to delivering value for shareholders and strong financial performance for the company. Prior to First Bank, Currie held senior leadership roles at PNC Capital Markets and RBC Bank and began his career at Bank of America. He holds a Bachelor of Arts in Economics from the University of North Carolina at Chapel Hill and is a graduate of the Graduate School of Banking at Louisiana State University.
Buy Or Sell Opportunity • Oct 23Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 4.9% to US$47.66. The fair value is estimated to be US$60.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 19%. Revenue is forecast to grow by 45% in 2 years. Earnings are forecast to grow by 97% in the next 2 years.
Declared Dividend • Sep 15Second quarter dividend of US$0.23 announcedShareholders will receive a dividend of US$0.23. Ex-date: 29th September 2025 Payment date: 25th October 2025 Dividend yield will be 1.7%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 30% over the next year, which should provide support to the dividend and adequate earnings cover.
お知らせ • Sep 12First Bancorp Announces Cash Dividend, Payable on October 25, 2025The Board of Directors of First Bancorp has declared a cash dividend on its common stock of $0.23 per share payable on October 25, 2025 to shareholders of record as of September 30, 2025.
Price Target Changed • Jul 29Price target increased by 7.8% to US$53.00Up from US$49.19, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of US$51.04. Stock is up 22% over the past year. The company is forecast to post earnings per share of US$3.66 for next year compared to US$1.85 last year.
Reported Earnings • Jul 24Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: US$0.93 (up from US$0.70 in 2Q 2024). Revenue: US$108.8m (up 14% from 2Q 2024). Net income: US$38.6m (up 35% from 2Q 2024). Profit margin: 35% (up from 30% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 7.1%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 7.5% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
分析記事 • Jun 19First Bancorp (NASDAQ:FBNC) Is Increasing Its Dividend To $0.23The board of First Bancorp ( NASDAQ:FBNC ) has announced that the dividend on 25th of July will be increased to $0.23...
Declared Dividend • Jun 18First quarter dividend increased to US$0.23Dividend of US$0.23 is 4.5% higher than last year. Ex-date: 30th June 2025 Payment date: 25th July 2025 Dividend yield will be 2.2%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 29% over the next year, which should provide support to the dividend and adequate earnings cover.
お知らせ • Jun 13First Bancorp Declares Cash Dividend, Payable on July 25, 2025The Board of Directors of First Bancorp has declared a cash dividend on its common stock of $0.23 per share payable on July 25, 2025 to shareholders of record as of June 30, 2025. This represents an increase from $0.22 per share paid in the prior quarter.
Recent Insider Transactions • May 25Independent Director recently bought US$239k worth of stockOn the 22nd of May, Frederick Taylor bought around 6k shares on-market at roughly US$41.26 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold US$3.3m more in shares than they bought in the last 12 months.
Reported Earnings • Apr 25First quarter 2025 earnings: EPS exceeds analyst expectationsFirst quarter 2025 results: EPS: US$0.88 (up from US$0.61 in 1Q 2024). Revenue: US$104.7m (up 15% from 1Q 2024). Net income: US$36.4m (up 45% from 1Q 2024). Profit margin: 35% (up from 28% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 13%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
お知らせ • Mar 21First Bancorp, Annual General Meeting, Apr 29, 2025First Bancorp, Annual General Meeting, Apr 29, 2025. Location: 300 sw broad street, southern pines north carolina 28387, United States
分析記事 • Mar 17First Bancorp (NASDAQ:FBNC) Has Announced A Dividend Of $0.22First Bancorp ( NASDAQ:FBNC ) has announced that it will pay a dividend of $0.22 per share on the 25th of April. This...
Declared Dividend • Mar 17Fourth quarter dividend of US$0.22 announcedDividend of US$0.22 is the same as last year. Ex-date: 31st March 2025 Payment date: 25th April 2025 Dividend yield will be 2.2%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (48% payout ratio) and is expected to be well covered in 3 years' time (27% forecast payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 67% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 14First Bancorp Declares Cash Dividend, Payable on April 25, 2025The Board of Directors of First Bancorp declared a cash dividend on its common stock of $0.22 per share payable on April 25, 2025 to shareholders of record as of March 31, 2025.
Reported Earnings • Feb 28Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: US$1.85 (down from US$2.54 in FY 2023). Revenue: US$333.7m (down 14% from FY 2023). Net income: US$75.8m (down 27% from FY 2023). Profit margin: 23% (down from 27% in FY 2023). The decrease in margin was driven by lower revenue. Net interest margin (NIM): 2.91% (down from 3.06% in FY 2023). Non-performing loans: 0.52% (down from 0.54% in FY 2023). Revenue missed analyst estimates by 9.2%. Earnings per share (EPS) also missed analyst estimates by 27%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
Reported Earnings • Jan 30Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: US$1.85 (down from US$2.54 in FY 2023). Revenue: US$333.7m (down 14% from FY 2023). Net income: US$76.2m (down 26% from FY 2023). Profit margin: 23% (down from 27% in FY 2023). The decrease in margin was driven by lower revenue. Net interest margin (NIM): 2.91% (down from 3.06% in FY 2023). Non-performing loans: 0.52% (down from 0.54% in FY 2023). Revenue missed analyst estimates by 9.2%. Earnings per share (EPS) also missed analyst estimates by 27%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
お知らせ • Jan 30First Bancorp Announces Net Charge Offs for the Fourth Quarter Ended December 31, 2024First Bancorp announced net charge offs for the fourth quarter ended December 31, 2024. For the quarter, Company recorded net charge offs of $0.9 million, an annualized 0.04% of average loans.
Declared Dividend • Dec 19Third quarter dividend of US$0.22 announcedDividend of US$0.22 is the same as last year. Ex-date: 31st December 2024 Payment date: 25th January 2025 Dividend yield will be 2.0%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (35% payout ratio) and is expected to be well covered in 3 years' time (28% forecast payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 31% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
Seeking Alpha • Dec 19First Bancorp: Earnings To Grow But Stock Appears OvervaluedSummary The yield curve’s disinversion will help the margin because deposit costs are dependent on the short end and loan yields are dependent on the long end of the yield curve. Cheaper borrowing costs will drive residential mortgage demand, which will likely help loan growth turn positive again. I’m expecting the provision expense for loan losses to normalize soon after Hurricane Helene. The December 2025 target price suggests a significant price downside. Further, FBNC is offering a low dividend yield of 2.0%. Read the full article on Seeking Alpha
お知らせ • Dec 13First Bancorp Declares Cash Dividend on Its Common Stock, Payable on January 25, 2025The Board of Directors of First Bancorp has declared a cash dividend on its common stock of $0.22 per share payable on January 25, 2025 to shareholders of record as of December 31, 2024.
Price Target Changed • Dec 04Price target increased by 8.4% to US$51.63Up from US$47.63, the current price target is an average from 2 analysts. New target price is 8.4% above last closing price of US$47.64. Stock is up 44% over the past year. The company is forecast to post earnings per share of US$2.51 for next year compared to US$2.54 last year.
Recent Insider Transactions • Nov 29Lead Independent Director recently sold US$274k worth of stockOn the 26th of November, James Crawford sold around 6k shares on-market at roughly US$49.22 per share. This transaction amounted to 6.3% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$869k. Insiders have been net sellers, collectively disposing of US$3.5m more than they bought in the last 12 months.
Recent Insider Transactions Derivative • Nov 27Lead Independent Director notifies of intention to sell stockJames Crawford intends to sell 6k shares in the next 90 days after lodging an Intent To Sell Form on the 26th of November. If the sale is conducted around the recent share price of US$49.22, it would amount to US$274k. Since March 2024, James' direct individual holding has increased from 87.06k shares to 88.25k. Company insiders have collectively sold US$3.2m more than they bought, via options and on-market transactions in the last 12 months.
Reported Earnings • Oct 24Third quarter 2024 earnings: EPS misses analyst expectationsThird quarter 2024 results: EPS: US$0.45 (down from US$0.73 in 3Q 2023). Revenue: US$82.4m (down 17% from 3Q 2023). Net income: US$18.7m (down 37% from 3Q 2023). Profit margin: 23% (down from 30% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 36%. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
Price Target Changed • Oct 02Price target increased by 9.5% to US$47.63Up from US$43.50, the current price target is an average from 2 analysts. New target price is 17% above last closing price of US$40.62. Stock is up 47% over the past year. The company is forecast to post earnings per share of US$2.72 for next year compared to US$2.54 last year.
Price Target Changed • Sep 25Price target increased by 13% to US$46.13Up from US$41.00, the current price target is an average from 2 analysts. New target price is 11% above last closing price of US$41.41. Stock is up 48% over the past year. The company is forecast to post earnings per share of US$2.71 for next year compared to US$2.54 last year.
Recent Insider Transactions • Sep 25Independent Director recently sold US$869k worth of stockOn the 23rd of September, Suzanne DeFerie sold around 20k shares on-market at roughly US$43.94 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$2.3m. Insiders have been net sellers, collectively disposing of US$3.2m more than they bought in the last 12 months.
Recent Insider Transactions Derivative • Sep 23Independent Director notifies of intention to sell stockSuzanne DeFerie intends to sell 18k shares in the next 90 days after lodging an Intent To Sell Form on the 20th of September. If the sale is conducted around the recent share price of US$43.96, it would amount to US$780k. Since March 2024, Suzanne's direct individual holding has increased from 86.08k shares to 87.27k. Company insiders have collectively sold US$2.3m more than they bought, via options and on-market transactions in the last 12 months.
Declared Dividend • Sep 16Second quarter dividend of US$0.22 announcedDividend of US$0.22 is the same as last year. Ex-date: 30th September 2024 Payment date: 25th October 2024 Dividend yield will be 2.1%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 2.9% over the next year, which should provide support to the dividend and adequate earnings cover.
お知らせ • Sep 13First Bancorp Declares Cash Dividend on Its Common Stock, Payable on October 25, 2024First Bancorp has declared a cash dividend on its common stock of $0.22 per share payable on October 25, 2024 to shareholders of record as of September 30, 2024.
Major Estimate Revision • Jul 31Consensus EPS estimates increase by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from US$379.0m to US$387.1m. EPS estimate increased from US$2.42 to US$2.72 per share. Net income forecast to grow 3.2% next year vs 8.5% growth forecast for Banks industry in the US. Consensus price target up from US$41.00 to US$43.50. Share price rose 6.4% to US$41.84 over the past week.
お知らせ • Jul 31First Bancorp Announces Retirement of Mason Y. Garrett as Board of DirectorsThe Board of Directors of First Bancorp announced the retirement of Mason Y. Garrett from the First Bancorp and First Bank Board of Directors effective July 26, 2024. Mr. Garrett was the Founder and Chairman of the Board of Directors of GrandSouth Bank and CEO of GrandSouth Bancorporation from 1998 until its merger with the Company in 2023, at which time he joined the Company's Board of Directors. He was a member of the Executive & Loan Committeeof First Bank. Mr. Garrett has over 50 years of banking experience, including roles as President and Chief Executive Officer and Chairman of the Board of several Upstate South Carolina banks. He co-founded First United Bancorporation an Anderson, SC bank, in 1984 and served as its Chief Executive Officer until its sale to Regions Financial Corporation in March 1998, prior to co-founding GrandSouth Bank and GrandSouth Bancorporation.
Reported Earnings • Jul 25Second quarter 2024 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2024 results: EPS: US$0.70 (down from US$0.72 in 2Q 2023). Revenue: US$95.2m (down 3.4% from 2Q 2023). Net income: US$28.7m (down 1.7% from 2Q 2023). Profit margin: 30% (in line with 2Q 2023). Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) also surpassed analyst estimates by 18%. Revenue is forecast to grow 4.5% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Jul 16Investor sentiment improves as stock rises 19%After last week's 19% share price gain to US$37.90, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 12x in the Banks industry in the US. Total returns to shareholders of 5.4% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$52.54 per share.
分析記事 • Jun 18First Bancorp's (NASDAQ:FBNC) Dividend Will Be $0.22First Bancorp ( NASDAQ:FBNC ) will pay a dividend of $0.22 on the 25th of July. This payment means that the dividend...
Declared Dividend • Jun 17First quarter dividend of US$0.22 announcedDividend of US$0.22 is the same as last year. Ex-date: 28th June 2024 Payment date: 25th July 2024 Dividend yield will be 2.9%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 1.5% over the next year, which should provide support to the dividend and adequate earnings cover.
お知らせ • Jun 15First Bancorp Declares Cash Dividend on Its Common Stock, Payable on July 25, 2024The Board of Directors of First Bancorp has declared a cash dividend on its common stock of $0.22 per share payable on July 25, 2024 to shareholders of record as of June 30, 2024.
お知らせ • May 15First Bancorp Announces Executive ChangesFirst Bancorp announced the expansion of its executive leadership team in order to enhance the execution of its long-term strategic plan. Effective May 13, 2024, Christian Wilson was named Executive Vice President and Chief Operating Officer of the Bank, reporting to Adam Currie, President of First Bank. Wilson has most recently spent 10 years with Fiserv in New York City overseeing Credit, Fraud and Risk, both on a national and global scale. Prior to his time at Fiserv, he served as a team leader of the Secret Service Electronic Crimes Task Force. Christian has expert knowledge in operations and strategy across cyber, controls, regulatory review, credit management and fraud functions within financial services. He is a Guilford County, N.C. native and was a Park Scholar at N.C. State University and will office in Greensboro. Donna Ward has assumed the new position of Chief Transformation Officer of First Bank as of May 13, 2024. Donna will be focused specifically on change leadership and project management preparing the Bank and associates for enterprise-wide organizational changes that will accompany continued growth. Having been with First Bank over 27 years, Donna has witnessed significant change and has already earned a strong reputation as a change leader and advocate through acquisitions and systems integrations and conversions. In addition, on May 13, 2024, Brent Hicks joined the Bank as Executive Vice President and Chief Accounting Officer(“CAO”), reporting to Elizabeth Bostian, Chief Financial Officer. Brent’s expertise as an audit and risk expert in Finance at BB&T/Truist, as well as in the Chief Accounting Officer role at a $26 billion bank will align directly with the expertise needed as the Bank expands. Effective with Brent’s joining the Bank, Blaise Buczkowski will shift from CAO responsibilities to the role of Executive Vice President of Corporate Finance, leading the financial analysis, forecasting, integration and planning functions for the Bank. While Blaise has been performing many of these functions since joining the Bank in 2017, she will now be focused on building a comprehensive financial view of the company that will leverage financial data for strategic planning and informed decision-making. Brent also will office in Greensboro.
分析記事 • Apr 26Some Shareholders May Object To A Pay Rise For First Bancorp's (NASDAQ:FBNC) CEO This YearKey Insights First Bancorp's Annual General Meeting to take place on 2nd of May Total pay for CEO Richard Moore...
Reported Earnings • Apr 25First quarter 2024 earnings: EPS and revenues miss analyst expectationsFirst quarter 2024 results: EPS: US$0.61 (up from US$0.37 in 1Q 2023). Revenue: US$91.0m (down 2.5% from 1Q 2023). Net income: US$25.3m (up 68% from 1Q 2023). Profit margin: 28% (up from 16% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) also missed analyst estimates by 3.2%. Revenue is forecast to grow 4.6% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 10% per year.
お知らせ • Mar 21First Bancorp, Annual General Meeting, May 02, 2024First Bancorp, Annual General Meeting, May 02, 2024, at 13:30 US Eastern Standard Time. Location: Main Office of First Bank, located at 300 SW Broad Street, Southern Pines, North Carolina 28387 South Carolina United States Agenda: To elect 15 nominees to the Board of Directors to serve until the 2025 annual meeting of shareholders or until their successors are elected and qualified; To ratify the appointment of BDO USA, LLP as the independent auditors of the Company for 2024; To approve, on a non-binding advisory basis, the compensation paid to the Company’s named executive officers, as disclosed in the accompanying Proxy Statement; To approve the First Bancorp 2024 Equity Plan.
Upcoming Dividend • Mar 20Upcoming dividend of US$0.22 per shareEligible shareholders must have bought the stock before 27 March 2024. Payment date: 25 April 2024. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of American dividend payers (4.8%). Lower than average of industry peers (3.0%).
分析記事 • Mar 18First Bancorp (NASDAQ:FBNC) Has Affirmed Its Dividend Of $0.22First Bancorp ( NASDAQ:FBNC ) has announced that it will pay a dividend of $0.22 per share on the 25th of April. This...
Declared Dividend • Mar 18Fourth quarter dividend of US$0.22 announcedDividend of US$0.22 is the same as last year. Ex-date: 27th March 2024 Payment date: 25th April 2024 Dividend yield will be 2.6%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (35% payout ratio) and is expected to be well covered in 3 years' time (31% forecast payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 16% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 15First Bancorp Declares Cash Dividend, Payable on April 25, 2024The Board of Directors of First Bancorp declared a cash dividend on its common stock of $0.22 per share payable on April 25, 2024 to shareholders of record as of March 31, 2024.
Reported Earnings • Mar 03Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: US$2.54 (down from US$4.12 in FY 2022). Revenue: US$386.3m (up 3.5% from FY 2022). Net income: US$103.4m (down 29% from FY 2022). Profit margin: 27% (down from 39% in FY 2022). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 3.06% (down from 3.28% in FY 2022). Non-performing loans: 0.54% (down from 0.56% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.2%. Revenue is forecast to grow 4.6% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 7% per year.
New Risk • Jan 26New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 27% Last year net profit margin: 39% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (27% net profit margin). Shareholders have been diluted in the past year (15% increase in shares outstanding).
Reported Earnings • Jan 26Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: US$2.53 (down from US$4.12 in FY 2022). Revenue: US$386.3m (up 3.5% from FY 2022). Net income: US$104.1m (down 29% from FY 2022). Profit margin: 27% (down from 39% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.2%. Revenue is forecast to grow 4.4% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has remained flat.
Price Target Changed • Dec 24Price target increased by 7.6% to US$37.13Up from US$34.50, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of US$37.49. Stock is down 14% over the past year. The company is forecast to post earnings per share of US$2.57 for next year compared to US$4.12 last year.
Upcoming Dividend • Dec 21Upcoming dividend of US$0.22 per share at 2.4% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 25 January 2024. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of American dividend payers (4.6%). Lower than average of industry peers (3.2%).
分析記事 • Dec 21First Bancorp's (NASDAQ:FBNC) Dividend Will Be $0.22First Bancorp ( NASDAQ:FBNC ) will pay a dividend of $0.22 on the 25th of January. The dividend yield is 2.4% based on...
お知らせ • Dec 15First Bancorp Declares Cash Dividend, Payable on January 25, 2024The Board of Directors of First Bancorp has declared a cash dividend on its common stock of $0.22 per share payable on January 25, 2024 to shareholders of record as of December 31, 2023.
Reported Earnings • Oct 26Third quarter 2023 earnings: EPS and revenues exceed analyst expectationsThird quarter 2023 results: EPS: US$0.73 (down from US$1.06 in 3Q 2022). Revenue: US$99.9m (up 6.1% from 3Q 2022). Net income: US$29.9m (down 21% from 3Q 2022). Profit margin: 30% (down from 40% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 7.7%. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 6% per year.
Upcoming Dividend • Sep 21Upcoming dividend of US$0.22 per share at 3.2% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 25 October 2023. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of American dividend payers (5.0%). Lower than average of industry peers (3.7%).
分析記事 • Sep 19First Bancorp (NASDAQ:FBNC) Has Affirmed Its Dividend Of $0.22First Bancorp ( NASDAQ:FBNC ) has announced that it will pay a dividend of $0.22 per share on the 25th of October...
お知らせ • Sep 16First Bancorp Declares Cash Dividend on Its Common Stock, Payable on October 25, 2023The Board of Directors of First Bancorp has declared a cash dividend on its common stock of $0.22 per share payable on October 25, 2023 to shareholders of record as of September 30, 2023.
Recent Insider Transactions • Aug 31Insider recently sold US$1.8m worth of stockOn the 29th of August, Mason Garrett sold around 61k shares on-market at roughly US$29.88 per share. This transaction amounted to 7.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$1.7m more than they bought in the last 12 months.
New Risk • Aug 07New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. Minor Risk Shareholders have been diluted in the past year (15% increase in shares outstanding).
Reported Earnings • Jul 28Second quarter 2023 earnings: EPS and revenues miss analyst expectationsSecond quarter 2023 results: EPS: US$0.71 (down from US$1.03 in 2Q 2022). Revenue: US$98.9m (up 5.2% from 2Q 2022). Net income: US$29.4m (down 19% from 2Q 2022). Profit margin: 30% (down from 39% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) also missed analyst estimates by 4.1%. Revenue is forecast to grow 9.0% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Jul 17Price target decreased by 8.4% to US$36.65Down from US$40.00, the current price target is an average from 5 analysts. New target price is 15% above last closing price of US$31.97. Stock is down 8.4% over the past year. The company is forecast to post earnings per share of US$2.59 for next year compared to US$4.12 last year.
Upcoming Dividend • Jun 22Upcoming dividend of US$0.22 per share at 2.7% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 25 July 2023. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of American dividend payers (4.9%). Lower than average of industry peers (3.6%).
分析記事 • Jun 20First Bancorp (NASDAQ:FBNC) Has Affirmed Its Dividend Of $0.22First Bancorp ( NASDAQ:FBNC ) will pay a dividend of $0.22 on the 25th of July. This payment means the dividend yield...
お知らせ • Jun 16First Bancorp Declares Cash Dividend, Payable on July 25, 2023The Board of Directors of First Bancorp declared a cash dividend on its common stock of $0.22 per share payable on July 25, 2023 to shareholders of record as of June 30, 2023.
Valuation Update With 7 Day Price Move • Jun 08Investor sentiment improves as stock rises 17%After last week's 17% share price gain to US$35.24, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 8x in the Banks industry in the US. Total returns to shareholders of 42% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$60.21 per share.
Major Estimate Revision • May 03Consensus EPS estimates fall by 17%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$452.7m to US$434.0m. EPS estimate also fell from US$3.36 per share to US$2.79 per share. Net income forecast to shrink 3.6% next year vs 5.7% decline forecast for Banks industry in the US. Consensus price target down from US$44.75 to US$40.55. Share price fell 9.4% to US$28.47 over the past week.
Price Target Changed • May 03Price target decreased by 9.4% to US$40.55Down from US$44.75, the current price target is an average from 5 analysts. New target price is 40% above last closing price of US$28.90. Stock is down 23% over the past year. The company is forecast to post earnings per share of US$2.79 for next year compared to US$4.12 last year.
Reported Earnings • Apr 29First quarter 2023 earnings: EPS and revenues miss analyst expectationsFirst quarter 2023 results: EPS: US$0.37 (down from US$0.95 in 1Q 2022). Revenue: US$93.5m (up 1.1% from 1Q 2022). Net income: US$15.2m (down 55% from 1Q 2022). Profit margin: 16% (down from 37% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 5.7%. Earnings per share (EPS) also missed analyst estimates by 40%. Revenue is forecast to grow 8.3% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 7% per year.
Upcoming Dividend • Mar 23Upcoming dividend of US$0.22 per share at 2.5% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 25 April 2023. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of American dividend payers (4.6%). Lower than average of industry peers (3.6%).
分析記事 • Mar 19First Bancorp (NASDAQ:FBNC) Will Pay A Dividend Of $0.22First Bancorp ( NASDAQ:FBNC ) will pay a dividend of $0.22 on the 25th of April. This means the annual payment will be...
Reported Earnings • Mar 06Full year 2022 earnings: Revenues and EPS in line with analyst expectationsFull year 2022 results: EPS: US$4.12 (up from US$3.19 in FY 2021). Revenue: US$373.1m (up 22% from FY 2021). Net income: US$146.2m (up 54% from FY 2021). Profit margin: 39% (up from 31% in FY 2021). The increase in margin was driven by higher revenue. Net interest margin (NIM): 3.28% (up from 3.16% in FY 2021). Non-performing loans: 0.56% (down from 0.81% in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • Mar 01We Ran A Stock Scan For Earnings Growth And First Bancorp (NASDAQ:FBNC) Passed With EaseThe excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Reported Earnings • Jan 26Full year 2022 earnings: Revenues in line with analyst expectationsFull year 2022 results: Revenue: US$380.4m (up 25% from FY 2021). Net income: US$146.9m (up 54% from FY 2021). Profit margin: 39% (up from 31% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Banks industry in the US.
Upcoming Dividend • Dec 22Upcoming dividend of US$0.22 per shareEligible shareholders must have bought the stock before 29 December 2022. Payment date: 25 January 2023. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of American dividend payers (4.5%). Lower than average of industry peers (3.2%).
お知らせ • Dec 16First Bancorp Announces Cash Dividend, Payable on January 25, 2023The Board of Directors of First Bancorp has declared a cash dividend on its common stock of $0.22 per share payable on January 25, 2023 to shareholders of record as of December 31, 2022.
Price Target Changed • Nov 16Price target increased to US$50.00Up from US$46.70, the current price target is an average from 5 analysts. New target price is 7.9% above last closing price of US$46.34. Stock is down 5.0% over the past year. The company is forecast to post earnings per share of US$4.06 for next year compared to US$3.19 last year.
Price Target Changed • Nov 03Price target increased to US$50.00Up from US$46.70, the current price target is an average from 5 analysts. New target price is 14% above last closing price of US$43.88. Stock is down 9.3% over the past year. The company is forecast to post earnings per share of US$4.06 for next year compared to US$3.19 last year.
Reported Earnings • Oct 27Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: US$1.06 (up from US$0.97 in 3Q 2021). Revenue: US$94.1m (up 25% from 3Q 2021). Net income: US$37.9m (up 38% from 3Q 2021). Profit margin: 40% (up from 37% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.0%. Earnings per share (EPS) also surpassed analyst estimates by 8.7%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 4% per year.
Upcoming Dividend • Sep 22Upcoming dividend of US$0.22 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 25 October 2022. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (3.2%).
お知らせ • Sep 16First Bancorp Declares Cash Dividend, Payable on October 25, 2022The Board of Directors of First Bancorp has declared a cash dividend on its common stock of $0.22 per share payable on October 25, 2022 to shareholders of record as of September 30, 2022. The $0.22 dividend rate represents a 10% increase over the dividend rate of $0.20 paid in the comparable period of 2021.
Seeking Alpha • Sep 15First Bancorp declares $0.22 dividendFirst Bancorp (NASDAQ:FBNC) declares $0.22/share quarterly dividend, 10% increase from prior dividend of $0.20. Forward yield 2.35% Payable Oct. 25; for shareholders of record Sept. 30; ex-div Sept. 29. See FBNC Dividend Scorecard, Yield Chart, & Dividend Growth.
Seeking Alpha • Aug 18First Bancorp upgraded to Overweight at Piper after YTD underperformanceFirst Bancorp (NASDAQ:FBNC) stock has gained 2.6% in Thursday morning trading after Piper Sandler analyst Stephen Scouten upgraded the stock to Overweight from Neutral after it has underperformed by ~11% so far this year. FBNC stock is now trading at a price/Piper 2023 EPS multiple of ~9x vs. ~10x for the rest of Scouten's coverage. The analyst is lowering earnings estimates "for greater expense lift from here" as all cost savings from First Bancorp's (FBNC) acquisition of Select Bancorp have been realized. Note that in June 2022, the bank agreed to acquire GrandSouth Bancorporation (OTCQX:GRRB) for $181.1M in stock. While Scouten has not included GrandSouth in his model, the company said it expects to achieve high single digit EPS accretion once deal is fully phased in. "Regardless, we still think standalone FBNC is undervalued here given its upper tier profitability potential and scarcity value as a well established NC/SC bank with over $10B-in-assets," Scouten wrote in a note to clients. His Overweight rating comes in more bullish than the Quant system's Hold rating and aligns with the average Wall Street rating of Buy
Reported Earnings • Jul 28Second quarter 2022 earnings: EPS exceeds analyst expectationsSecond quarter 2022 results: EPS: US$1.03. Revenue: US$95.5m (up 22% from 2Q 2021). Net income: US$36.6m (up 26% from 2Q 2021). Profit margin: 38% (up from 37% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 10%. Over the next year, revenue is forecast to grow 28%, compared to a 15% growth forecast for the industry in the US.