First Bancorp (Nasdaq:FBNC) - Stock Price, News & Analysis

FBNC Stock Overview

Operates as the bank holding company for First Bank that provides banking products and services for individuals and small to medium-sized businesses.

About the company

FBNC fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	1/6
Past Performance	2/6
Financial Health	6/6
Dividends	4/6

Rewards

Trading at 34.7% below our estimate of its fair value

Earnings are forecast to grow 4.14% per year

Pays a reliable dividend of 1.99%

Risk Analysis

No risks detected for FBNC from our risk checks.

First Bancorp Competitors

Pathward Financial

NasdaqGS:CASH

US$1.6b

S&T Bancorp

NasdaqGS:STBA

US$1.7b

National Bank Holdings

NYSE:NBHC

US$1.6b

TriCo Bancshares

NasdaqGS:TCBK

US$1.5b

Price History & Performance

Summary of all time highs, changes and price drops for First Bancorp
Historical stock prices
Current Share Price	US$44.15
52 Week High	US$40.50
52 Week Low	US$26.00
Beta	1.05
11 Month Change	47.17%
3 Month Change	40.07%
1 Year Change	29.13%
33 Year Change	10.40%
5 Year Change	22.03%
Change since IPO	1,389.78%

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

Jun 18

Recent updates

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

Jun 18

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

Apr 26

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

Mar 01

First Bancorp declares $0.22 dividend

Sep 15

First Bancorp upgraded to Overweight at Piper after YTD underperformance

Aug 18

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

Feb 10

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

Dec 28

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

Aug 11

First Bancorp declares $0.20 dividend

Jun 15

First Bancorp (NASDAQ:FBNC) Has Gifted Shareholders With A Fantastic 172% Total Return On Their Investment

Mar 11

Don't Ignore The Fact That This Insider Just Sold Some Shares In First Bancorp (NASDAQ:FBNC)

Feb 13

Should First Bancorp (NASDAQ:FBNC) Be Part Of Your Dividend Portfolio?

Feb 05

Here's What First Bancorp's (NASDAQ:FBNC) Shareholder Ownership Structure Looks Like

Jan 08

First Bancorp declares $0.18 dividend

Dec 15

Shareholder Returns

	FBNC	US Banks	US Market
7D	15.5%	0.7%	-2.4%
1Y	29.1%	28.9%	17.5%

Return vs Industry: FBNC exceeded the US Banks industry which returned 26.5% over the past year.

Return vs Market: FBNC exceeded the US Market which returned 17.2% over the past year.

Price Volatility

Is FBNC's price volatile compared to industry and market?
FBNC volatility
FBNC Average Weekly Movement	4.1%
Banks Industry Average Movement	4.3%
Market Average Movement	6.0%
10% most volatile stocks in US Market	14.9%
10% least volatile stocks in US Market	3.0%

Stable Share Price: FBNC's share price has been volatile over the past 3 months.

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

About the Company

Founded	Employees	CEO	Website
1934	1,421	Richard Moore	localfirstbank.com

First Bancorp operates as the bank holding company for First Bank that provides banking products and services for individuals and small to medium-sized businesses. The company accepts deposit products, such as checking, savings, and money market accounts, as well as time deposits, including certificate of deposits and individual retirement accounts. It also offers loans for a range of consumer and commercial purposes comprising loans for business, real estate, personal, home improvement, and automobiles, as well as residential mortgages and small business administration loans; and accounts receivable financing and factoring, inventory financing, and purchase order financing services.

First Bancorp Fundamentals Summary

How do First Bancorp's earnings and revenue compare to its market cap?
FBNC fundamental statistics
Market cap	US$1.62b
Earnings (TTM)	US$112.87m
Revenue (TTM)	US$380.10m

16.1x

P/E Ratio

1.3x

P/B Ratio

Is FBNC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FBNC income statement (TTM)
Revenue	US$380.10m
Cost of Revenue	US$0
Gross Profit	US$380.10m
Other Expenses	US$267.24m
Earnings	US$112.87m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	2.74
Gross Margin	100.00%
Net Profit Margin	29.69%
Debt/Equity Ratio	6.5%

How did FBNC perform over the long term?

See historical performance and comparison

Dividends

2.0%

Current Dividend Yield

16%

Payout Ratio

FBNC Stock Overview

Rewards

Risk Analysis

First Bancorp Competitors

NasdaqGS:CASH

US$1.6b

NasdaqGS:STBA

US$1.7b

NYSE:NBHC

US$1.6b

NasdaqGS:TCBK

US$1.5b

Price History & Performance

Recent News & Updates

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

Investor sentiment improves as stock rises 19%

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

First quarter dividend of US$0.22 announced

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

First Bancorp Announces Executive Changes

Recent updates

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

Investor sentiment improves as stock rises 19%

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

First quarter dividend of US$0.22 announced

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

First Bancorp Announces Executive Changes

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

First quarter 2024 earnings: EPS and revenues miss analyst expectations

First Bancorp, Annual General Meeting, May 02, 2024

Upcoming dividend of US$0.22 per share

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

Fourth quarter dividend of US$0.22 announced

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

Full year 2023 earnings: EPS exceeds analyst expectations

New minor risk - Profit margin trend

Full year 2023 earnings: EPS exceeds analyst expectations

Price target increased by 7.6% to US$37.13

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

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

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

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

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

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

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

Insider recently sold US$1.8m worth of stock

New major risk - Revenue and earnings growth

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

Price target decreased by 8.4% to US$36.65

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

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

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

Investor sentiment improves as stock rises 17%

Consensus EPS estimates fall by 17%

Price target decreased by 9.4% to US$40.55

First quarter 2023 earnings: EPS and revenues miss analyst expectations

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

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

Full year 2022 earnings: Revenues and EPS in line with analyst expectations

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

Full year 2022 earnings: Revenues in line with analyst expectations

Upcoming dividend of US$0.22 per share

First Bancorp Announces Cash Dividend, Payable on January 25, 2023

Price target increased to US$50.00

Price target increased to US$50.00

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of US$0.22 per share

First Bancorp Declares Cash Dividend, Payable on October 25, 2022

First Bancorp declares $0.22 dividend

First Bancorp upgraded to Overweight at Piper after YTD underperformance

Second quarter 2022 earnings: EPS exceeds analyst expectations

First Bancorp (NasdaqGS:FBNC) entered in a definitive merger agreement to acquire GrandSouth Bancorporation (OTCPK:GRRB) for approximately $160 million.

Upcoming dividend of US$0.22 per share

First Bancorp Announces Cash Dividend, Payable on July 25, 2022

Chairman & CEO recently bought US$100k worth of stock

First quarter 2022 earnings: Revenues exceed analyst expectations

Upcoming dividend of US$0.22 per share

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

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

First Bancorp (NasdaqGS:FBNC) announces an Equity Buyback for $40 million worth of its shares.