First Bancorp Dividends and Buybacks

Dividend criteria checks 5/6

First Bancorp is a dividend paying company with a current yield of 2% that is well covered by earnings. Next payment date is on 25th January, 2025 with an ex-dividend date of 31st December, 2024.

Key information

2.0%

Dividend yield

-0.2%

Buyback Yield

Total Shareholder Yield	1.8%
Future Dividend Yield	2.2%
Dividend Growth	5.4%
Next dividend pay date	25 Jan 25
Ex dividend date	31 Dec 24
Dividend per share	US$0.880
Payout ratio	35%

Recent dividend and buyback updates

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

Jun 18

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

Mar 18

Recent updates

First Bancorp: Earnings To Grow But Stock Appears Overvalued

Dec 19

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

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: FBNC's dividends per share have been stable in the past 10 years.

Growing Dividend: FBNC's dividend payments have increased over the past 10 years.

Dividend Yield vs Market

First Bancorp Dividend Yield vs Market

How does FBNC dividend yield compare to the market?
Segment	Dividend Yield
Company (FBNC)	2.0%
Market Bottom 25% (US)	1.4%
Market Top 25% (US)	4.5%
Industry Average (Banks)	2.5%
Analyst forecast (FBNC) (up to 3 years)	2.2%

Notable Dividend: FBNC's dividend (2%) is higher than the bottom 25% of dividend payers in the US market (1.42%).

High Dividend: FBNC's dividend (2%) is low compared to the top 25% of dividend payers in the US market (4.45%).

Current Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (35.4%), FBNC's dividend payments are well covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: FBNC's dividends in 3 years are forecast to be well covered by earnings (28.4% payout ratio).

Discover strong dividend paying companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/22 09:02
End of Day Share Price	2025/01/22 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

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

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

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

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

Analysis Model and Snowflake

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

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

Industry and Sector Metrics

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

Analyst Sources

First Bancorp is covered by 8 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

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

First Bancorp Dividends and Buybacks

Dividend criteria checks 5/6

Key information

Recent dividend and buyback updates

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

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

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

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

Upcoming dividend of US$0.22 per share

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

Recent updates

Third quarter dividend of US$0.22 announced

First Bancorp: Earnings To Grow But Stock Appears Overvalued

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

Price target increased by 8.4% to US$51.63

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

Lead Independent Director notifies of intention to sell stock

Third quarter 2024 earnings: EPS misses analyst expectations

Price target increased by 9.5% to US$47.63

Price target increased by 13% to US$46.13

Independent Director recently sold US$869k worth of stock

Independent Director notifies of intention to sell stock

Second quarter dividend of US$0.22 announced

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

Consensus EPS estimates increase by 12%

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

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

Investor sentiment improves as stock rises 19%

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

First quarter dividend of US$0.22 announced

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

First Bancorp Announces Executive Changes

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

First quarter 2024 earnings: EPS and revenues miss analyst expectations

First Bancorp, Annual General Meeting, May 02, 2024

Upcoming dividend of US$0.22 per share

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

Fourth quarter dividend of US$0.22 announced

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

Full year 2023 earnings: EPS exceeds analyst expectations

New minor risk - Profit margin trend

Full year 2023 earnings: EPS exceeds analyst expectations

Price target increased by 7.6% to US$37.13

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

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

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

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

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

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

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

Insider recently sold US$1.8m worth of stock

New major risk - Revenue and earnings growth

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

Price target decreased by 8.4% to US$36.65

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

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

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

Investor sentiment improves as stock rises 17%

Consensus EPS estimates fall by 17%

Price target decreased by 9.4% to US$40.55

First quarter 2023 earnings: EPS and revenues miss analyst expectations

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

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

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