First Bancorp Future Growth

Future criteria checks 1/6

First Bancorp is forecast to grow earnings and revenue by 8.6% and 4.6% per annum respectively. EPS is expected to grow by 7.9% per annum. Return on equity is forecast to be 9.7% in 3 years.

Key information

8.6%

Earnings growth rate

7.9%

EPS growth rate

Banks earnings growth	7.6%
Revenue growth rate	4.6%
Future return on equity	9.7%
Analyst coverage	Low
Last updated	06 Mar 2024

Recent future growth updates

Recent updates

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

The Director of First Bancorp (NASDAQ:FBNC), Suzanne DeFerie, Just Sold 25% Of Their Holding

Dec 13

How Much Is First Bancorp (NASDAQ:FBNC) CEO Getting Paid?

Dec 10

Does First Bancorp's (NASDAQ:FBNC) Share Price Gain of 72% Match Its Business Performance?

Nov 19

Earnings and Revenue Growth Forecasts

NasdaqGS:FBNC - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2025	423	123	N/A	N/A	3
12/31/2024	395	109	N/A	N/A	3
12/31/2023	386	103	127	131	N/A
9/30/2023	383	112	132	137	N/A
6/30/2023	379	120	161	165	N/A
3/31/2023	374	127	163	167	N/A
12/31/2022	373	146	225	231	N/A
9/30/2022	358	118	206	210	N/A
6/30/2022	339	108	186	192	N/A
3/31/2022	322	101	206	212	N/A
12/31/2021	305	95	133	142	N/A
9/30/2021	299	108	122	134	N/A
6/30/2021	294	104	79	94	N/A
3/31/2021	277	91	59	74	N/A
12/31/2020	264	81	46	58	N/A
9/30/2020	259	78	42	52	N/A
6/30/2020	259	80	65	71	N/A
3/31/2020	270	87	44	48	N/A
12/31/2019	273	92	48	51	N/A
9/30/2019	273	95	49	56	N/A
6/30/2019	269	92	65	76	N/A
3/31/2019	267	91	47	58	N/A
12/31/2018	270	89	36	46	N/A
9/30/2018	269	80	52	60	N/A
6/30/2018	255	71	14	18	N/A
3/31/2018	239	59	27	32	N/A
12/31/2017	213	46	22	27	N/A
9/30/2017	188	40	N/A	0	N/A
6/30/2017	176	32	N/A	14	N/A
3/31/2017	162	28	N/A	22	N/A
12/31/2016	153	27	N/A	41	N/A
9/30/2016	150	26	N/A	37	N/A
6/30/2016	144	28	N/A	51	N/A
3/31/2016	140	26	N/A	54	N/A
12/31/2015	140	26	N/A	37	N/A
9/30/2015	137	27	N/A	42	N/A
6/30/2015	137	25	N/A	40	N/A
3/31/2015	138	25	N/A	37	N/A
12/31/2014	136	24	N/A	48	N/A
9/30/2014	135	23	N/A	68	N/A
6/30/2014	134	23	N/A	60	N/A
3/31/2014	134	22	N/A	69	N/A
12/31/2013	129	20	N/A	72	N/A
9/30/2013	79	-12	N/A	47	N/A
6/30/2013	75	-15	N/A	53	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: FBNC's forecast earnings growth (8.6% per year) is above the savings rate (2.3%).

Earnings vs Market: FBNC's earnings (8.6% per year) are forecast to grow slower than the US market (14.6% per year).

High Growth Earnings: FBNC's earnings are forecast to grow, but not significantly.

Revenue vs Market: FBNC's revenue (4.6% per year) is forecast to grow slower than the US market (8% per year).

High Growth Revenue: FBNC's revenue (4.6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: FBNC's Return on Equity is forecast to be low in 3 years time (9.7%).

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First Bancorp Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Price target increased by 7.6% to US$37.13

Price target decreased by 8.4% to US$36.65

Consensus EPS estimates fall by 17%

Price target decreased by 9.4% to US$40.55

Price target increased to US$50.00

Price target increased to US$50.00

Recent updates

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.

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

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

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

Upcoming dividend of US$0.20 per share

Insider recently bought US$99k worth of stock

Third quarter 2021 earnings released: EPS US$0.97 (vs US$0.81 in 3Q 2020)

Upcoming dividend of US$0.20 per share

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

Second quarter 2021 earnings released: EPS US$1.03 (vs US$0.56 in 2Q 2020)

Upcoming dividend of US$0.20 per share

CEO & Director recently bought US$102k worth of stock

First Bancorp declares $0.20 dividend

First Bancorp (NasdaqGS:FBNC) entered into a definitive merger agreement to acquire Select Bancorp, Inc. (NasdaqGM:SLCT) for approximately $310 million.

Consensus forecasts updated

Price target increased to US$49.20

First quarter 2021 earnings released: EPS US$0.99 (vs US$0.62 in 1Q 2020)

Price target increased to US$43.30

Upcoming Dividend of US$0.20 Per Share